FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid
(Reuters) - Amazon.com Inc on Wednesday said it will impose an average 5% fuel and inflation surcharge on merchants to warehouse and ship their products in the United States, in response to rising costs.
It is Amazon's first such surcharge and follows months of higher wage and labor-related expenses that have chipped away at the online retailer's profit.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
