Fuel hedging, simplified.
You set a maximum diesel price. If prices go above it, we pay you the difference. If prices go down, you pay the lower price. That's it.
How it actually works
What am I buying?
A price cap on diesel. You pick the maximum you're willing to pay per gallon (the "strike price"). If the monthly average wholesale diesel (ULSD) goes above that number, FixedMile pays you the difference. Every gallon, every truck.
What does it cost?
You pay a small upfront premium — typically 2 to 10 cents per gallon depending on how aggressive your cap is and how far out you're hedging. FixedMile adds a 10% fee on that premium. That's our entire business model — no hidden fees.
What if diesel prices go down?
You pay the lower market price at the pump. The option expires and you only lose the premium you paid — usually a few cents per gallon. There's no lock-in. Think of it like insurance: you hope you don't need it, but you're glad it's there.
How is this different from a fuel surcharge?
Fuel surcharges pass costs to YOUR customers, which can lose you business. FixedMile protects your margin without touching your rates. Your shippers never know.
How do I get paid if prices spike?
It's automatic. At the end of the coverage month, if the average ULSD price exceeded your strike, we calculate the payout and send it to your account within 3 business days. No paperwork, no claims process.
Where do the prices come from?
We use the exact same data and math as Wall Street. CME-published ULSD calendar swap settlements priced with the Black-76 model. Our calculated prices match CME's published settlements to within half a penny per gallon.
See the math
50 trucks, 10,000 miles each, $3.00 strike, 6-month coverage
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