Amazon Prime

Amazon PrimeAmazon 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 — which offers free, two-shipping on certain items and access to Amazon’s Prime Instant Video library and Kindle lending library — currently costs $79 a year. He said the subscription service, 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. Szkutak said the Prime program has “tens of millions” of members worldwide, but he wouldn’t say what the figure was for US customers.

Read the full story at CNET.

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.

Subscribe