Costco secures ships to mark down congestion — Panjiva


Costco secures ships to mark down congestion

Cons. Discr. - Retailing 422 Corp - Shipping 941 Mode - Seaborne 1764 U.S. 5234

Costco recently chartered their own vessels to try and manage freight congestion, a move that was also taken up by Walmart and Home Depot earlier this year. This will allow the company to dictate the location of the vessels, potentially avoiding some of the logistics troubles looming over the crowded Pacific routes. Panjiva data shows that imports associated with Costco increased by 70.2% year over year in Q2 when compared to 2019, but fell to 20.6% year over year in July and August. The bulk of this slowdown was seen in imports through the ports of Long Beach and Los Angeles, with growt...

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