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Investing.com — Amazon.com Inc (NASDAQ:AMZN) stock was up 2.55% on Wednesday, dipping slightly after Bloomberg reported the e-commerce giant will charge sellers on its website a 5% fuel and inflation fee.
According to the report, which cited documents it has reviewed, the charge will be added beginning April 28.
The 5% fee will apply to U.S. businesses that use the Fulfillment by Amazon service, whereby Amazon stows, packs and ships the products on behalf of merchants.
Amazon will reportedly notify sellers regarding the fee later Wednesday, according to one of Bloomberg’s sources.
The report comes as companies try to mitigate the impact of rising fuel prices, prices, and supply chain challenges. There have also been labor shortages, with reports stating on Tuesday that Amazon is seeking to recruit teens graduating high school in an effort to keep its warehouses fully staffed.
