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The Street
The Street
By Kirk O’Neil The higher cost of fuel and rising labor costs begins to take a toll on e-commerce goliath Amazon. The high cost of gasoline and rising inflation have been taking a bite out of the bottom line of delivery and transportation businesses since Russia’s invasion of Ukraine on Feb. 24. Several companies have already implemented fuel surcharges to defray the rising cost of gas, which had a national average of $4.08 per gallon of regular gas on April 16, according to AAA. The average price of gasoline has come down some after hitting a high of $4.33 a gallon on March 11. Some Companies…
