• TRM (USD/COP)COP 3,228.26 +0.22% +COP 7.07Colombia's official exchange rate (Financial Superintendence), valid Nov 6 to Nov 6
  • EuroCOP 3,604.34 -0.31% -COP 11.12Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote
  • Mexican pesoCOP 172.60 -0.39% -COP 0.67Reference: TRM crossed with the European Central Bank rate of Nov 6; not the market quote
Quilla NewsFinance & Technology
ENES

Small retailers brace for a hit as shipping costs spike

FinanceInternationalCNBCAI summary
Image: CNBC

Small and medium-sized U.S. retailers face a difficult holiday season due to rising shipping costs, driven by higher fuel prices since the U.S. and Israel attacked Iran in February. Global air cargo costs about $3.37 per kilogram, up 43% from a year earlier, according to Freightos. Amazon reported an 11% increase in third-quarter shipping expenses. Some retailers are already charging for returns or weighing higher fees.

In 35 seconds

  • Global air cargo costs about $3.37 per kilogram, up 43% from a year earlier, according to Freightos.
  • Amazon reported an 11% increase in third-quarter shipping expenses versus a year earlier.
  • UPS, FedEx and USPS are applying holiday surcharges, with prices varying by package type.
Read the full story at CNBC

IASummary generated by artificial intelligence from a story by CNBC. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading