3 unchanged sentences
These variable interest rates are impacted by changes in short-term interest rates.
−Removed: We primarily manage interest rate exposure through a mix of variable rate debt (weighted average rate of 2.0% as of March 31, 2020 ) and fixed rate equipment lease financing.
−Removed: Assuming the level of borrowings as of March 31, 2020 , a hypothetical one percentage point increase in interest rates would increase our annual interest expense by $8.4 million .
+Added: We primarily manage interest rate exposure through a mix of variable rate debt (weighted average rate of 1.1% as of June 30, 2020) and fixed rate equipment lease financing.
+Added: Assuming the level of borrowings as of June 30, 2020, a hypothetical one percentage point increase in interest rates would increase our annual interest expense by $7.7 million.
Commodity Price Risk
2 unchanged sentences
Historically, we have been able to recover a majority of fuel price increases from our customers in the form of fuel surcharges.
−Removed: The weekly average diesel price per gallon in the US decreased to an average of $2.92 for quarter ended March 31, 2020 from an average of $3.02 for quarter ended March 31, 2019 .
+Added: The weekly average of diesel price per gallon in the US decreased to $2.44 for the second quarter of 2020 from an average of $3.12 in the second quarter of 2019.
+Added: The weekly average diesel price per gallon in the US decreased to an average of $2.67 for year-to-date June 30, 2020 from an average of $3.07 for year-to-date June 30, 2019.
We cannot predict the extent or speed of potential changes in fuel price levels in the future, the degree to which the lag effect of our fuel surcharge programs will impact us as a result of the timing and magnitude of such changes, or the extent to which effective fuel surcharges can be maintained and collected to offset such increases.
We generally have not used derivative financial instruments to hedge our fuel price exposure in the past, but continue to evaluate this possibility.
+Added: To mitigate the impact of rising fuel costs, we contract with some of our fuel suppliers to buy fuel at a fixed price or within banded pricing for a specified period, usually not exceeding twelve months.
+Added: However, these purchase commitments only cover a small portion of our fuel consumption.
+Added: Accordingly, fuel price fluctuations may still negatively impact us.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.