Tech · CNBC Technology
U.S.-Iran war 'tax' begins to passed American businesses and consumers
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Nick Friedman, co-founder of Tampa-based College Hunks Hauling Junk and Moving, says his business has been facing multiple headwinds.
Key facts
- Friedman says that historically, fuel has taken 3 to 5 percent of revenue as an expense line item, but has doubled to 6 to 10 percent since the war started
- The United States Postal Service has asked for an 8% surcharge for package and express deliveries
- Delta Air Lines CEO Ed Bastian told CNBC several weeks ago that given current demand, there is room to raise fares as a response to higher oil prices if needed
- Nick Friedman, co-founder of Tampa-based College Hunks Hauling Junk and Moving, says his business has been facing multiple headwinds
Summary
"We are in a bit of a Catch-22," said Friedman. Bigger companies, he says, can probably get away with adding fees. Amazon described the surcharge as "meaningfully lower" than levies applied by other major carriers . For Friedman, that evaluation isn't easy.