Add Costco Wholesale Corp. to the list of desperate retailers renting entire vessels to bypass clogged ocean shipping networks and avoid stockouts of popular items as the Christmas shopping season quickly approaches.
The Issaquah, Washington-based company has chartered three small ocean vessels for a year and leased several thousand containers to move export merchandise from Asia to the U.S. and Canada, Chief Financial Officer Richard Galanti said during Thursday’s fourth-quarter earnings call...
https://www.freightwaves.com/news/rent-a-ship-costco-hires-vessels-for-urgent-deliveries