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Stock impact report

Amazon to Add 3.5% Fulfillment Surcharge as Fuel Costs Rise [CNET News]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: CNET News
Amazon will add a 3.5% fuel and logistics-related surcharge to fulfillment fees it charges third-party merchants, as the war in the Middle East , which began with US and Israeli strikes against Iran at the end of February, continues to drive up fuel costs. The fee will be applied to third-party sellers across Fulfillment by Amazon in the US and Canada beginning April 17, Amazon said in a note to sellers on Thursday. "Elevated costs in fulfillment and logistics have increased the cost of operating across the industry," Amazon wrote in its announcement . "We have absorbed these increased costs so far. However, similar to other major carriers, when costs remain elevated, we implement temporary surcharges on our fulfillment fees to recover a portion of the actual cost increases we are experiencing." Amazon said the new surcharge is "meaningfully lower" than what is charged by other major carriers. Its surcharge will average about 17 cents per unit in the US, but the cost will vary Show less Read more
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