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00:02Amazon will add a 3.5% fuel and logistics surcharge to third-party sellers later this
00:07month in response to higher fuel prices driven by the Iran war, according to ABC News.
00:12The e-commerce giant said the temporary surcharge will take effect on April 17 for many fulfillment
00:17sellers as rising fuel and logistics costs increase operating expenses across the industry.
00:22Amazon said it has absorbed these costs so far and will apply the temporary charge to
00:26partially recover them. The surcharge applies to U.S. and Canadian sellers using fulfillment by
00:31Amazon. It will expand on May 2 to sellers using buy with Prime and multi-channel fulfillment.
00:36United Parcel Service, FedEx, and the United States Postal Service have also raised fuel
00:41surcharges in response to rising energy costs. For all things money, visit Benzinga.com.
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