Business Insider reports that "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 … 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."
The story notes that "the big-box chain is among a large group of retailers grappling with an ongoing supply-chain crisis that's causing delays and shortages.
Falling demand in the first half of 2020, followed by a surge at the back end of the year, has led to delays, port traffic jams, and blockages. A lack of containers and dock workers has made the situation worse.
"At the same time, retailers are being hit by truck and driver shortages, leading to further delays and higher costs."