Costco is Renting Container Ships & Thousands of Containers to Shield Itself From Delays & Costs
Costco has joined Home Depot in renting its own container ships to prevent delays and keep costs down as the global shipping crisis rages on.
In a call with analysts Thursday, Costco CFO Richard Galanti said the company had chartered three ships to import products from Asia to the US and Canada. This would help Costco avoid spending six times the normal price on shipping or containers through a third party, he said.
Each ship could carry between 800 and 1,000 containers at a time, he said. The company had also leased "several thousand containers for use on these ships," he said.
Costco expected to make about 10 deliveries over the next year using these ships, accounting for about 20% of its imports from Asia, he said.
Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.
https://sports.yahoo.com/costco-renting-3-container-ships-100115623.html
🔔Join this channel to get access to perks 👇
https://www.youtube.com/channel/UCHm8vWol8eNjTJZSjq2jaLQ/join
-------------------------------------------------------------------------------------------------------
🔥🔥 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕 🔥🔥
►💎iTUNES
https://apple.co/2MkFziJ
►💎SPOTIFY
https://spoti.fi/2Dh8EoL
►🏡JOIN SUMMIT PROPERTIES NW
Website: https://summitpropertiesnw.com/career/
High 80/20 Split, Zero Fees, and a Low $10,000 Cap!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
✔ SUBSCRIBE 📣HIT BELL! ✔LIKE ✔COMMENT
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
★ REACH OUT TO ME ★
►✅Follow Us - Facebook: https://facebook.com/summitpropertiesnw/
►✅Follow Us - Instagram: https://instagram.com/summitpropertiesnw/
►✅Email Me - sean@seattlerealestatepodcast.com
#SeattleRealEstate #HousingMarket #Podcast
-
18:28
News For Reasonable People
3 days agoSan Fran Transit latest Doom Loop victim as Operators Paint Dire Future
1611 -
1:40:37
The Breanna Morello Show
1 day agoLIVE STREAM: Hurricane Helene Update on Sunday at 10am ET
37.6K39 -
DVR
Vigilant News Network
21 hours agoBone-Chilling Flood Disaster Details Emerge | The Daily Dose
76.7K117 -
17:51
Tundra Tactical
21 hours agoKamala Harris is the MOST ANTI-GUN VP EVER!!!
59.1K26 -
22:10
Degenerate Jay
1 day ago $7.86 earnedMarvel Superhero Games Have A Big Problem
99.5K12 -
8:02
scoutthedoggie
1 day agoHill Top Airsoft Battle Scotland 4K
49.7K13 -
8:06
Bearing
1 day agoP Diddy Was TELLING US THE WHOLE TIME!
52.5K23 -
8:58
Tactical Advisor
1 day agoNEW Budget SHTF Optic | Primary Arms GLX Micro Prism
52.5K2 -
11:45
Space Ice
1 day agoVan Damme's Legionnaire Is Like 'Full Metal Jacket' If Kubrick Wasn't Terrible - Best Movie Ever
51.9K19 -
0:53
OfficialJadenWilliams
1 day agoChatGPT Vs. Google Gemini
48K9