Markets.News
E-commerce giant Amazon (NASDAQ: AMZN) has announced a 3.5% "fuel and logistics-related surcharge" for third-party sellers using its fulfillment services, starting April 17. This move is in response to the ongoing Iran war, which has led to a surge in oil prices. The surcharge will impact sellers in the U.S. and Canada and will be based on fulfillment fees rather than item sale prices. According to CNBC, Amazon spokesperson Ashley Vanicek stated that the surcharge is relatively lower than those imposed by other major carriers. On average, Fulfilment by Amazon (FBA) shipments will incur an additional cost of 17 cents per unit, varying by item size and dimensions. The FBA service, known for its convenience in picking, packing, and shipping items, has faced increased costs in fulfillment and logistics. More details are available on Benzinga.com.