Walmart to charge some suppliers new fuel and pickup fees
Walmart will charge some of its suppliers from next month new fees to transport goods to its warehouses and stores in response to rising fuel and transportation costs, Reuters reported quoting a memo.
The company will impose a “collect pickup charge” calculated as a percentage of the cost of goods received and a fuel surcharge based on the cost of fuel to transport the goods, the memo from Walmart’s chief merchandising officer and chief operating officer for Walmart US said.
The move comes more than a month after Walmart, the nation’s largest retailer, cut its full-year profit outlook blaming rising costs of labor and fuel. Fuel costs, in particular, ran over $160 million higher than it had anticipated.
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