The online retail giant may increase the Prime membership fee, for its US customers, by another $40 due to increasing shipping costs. January 30, 2014 2:28 PM PST Amazon may increase its US Amazon Prime membership fee by $40 dollars more, the company's chief financial officer announced Thursday during an earnings call. CFO Tom Szkutak said growing transportation costs may cause the online retail giant to add between $20 to $40 to the subscription fee. Prime currently costs $79 a year. He said the subscription service, which offer free, two-shipping on certain items, has become very popular in the last nine years. Prime shipments have grown from 1 million to 19 million units, according to Szkutak. "Shipping costs have gone up a lot, fuel costs have gone up a lot," he said.
The online retail giant may increase the Prime membership fee, for its US customers, by another $40 due to increasing shipping costs.
Amazon may increase its US Amazon Prime membership fee by $40 dollars more, the company's chief financial officer announced Thursday during an earnings call.
CFO Tom Szkutak said growing transportation costs may cause the online retail giant to add between $20 to $40 to the subscription fee. Prime currently costs $79 a year. He said the subscription service, which offer free, two-shipping on certain items, has become very popular in the last nine years. Prime shipments have grown from 1 million to 19 million units, according to Szkutak.
"Shipping costs have gone up a lot, fuel costs have gone up a lot," he said.
