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Cargo ships from CHINA

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steve(ill) View Drop Down
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    Posted: 27 Sep 2021 at 2:27pm
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 to 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 around 20% of its imports from Asia, he said.

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.

"As I discussed on last quarter's call, inflationary factors abound," Galanti said. "Higher labor costs, higher freight costs, higher transportation demand, along with container shortages and port delays ... It's a lot of fun right now."

Costco's standard rollout time for new products in its stores had doubled in some cases, he said, adding that furniture, toys, computers, video games, and appliances had the biggest delays.



Edited by steve(ill) - 27 Sep 2021 at 2:29pm
Like them all, but love the "B"s.
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plummerscarin View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote plummerscarin Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 2:34pm
So Costco also has their own ports and fleet of trucks with drivers to move products? Not seeing how owning a ship will solve the problem 
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DougG View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DougG Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 4:05pm
All those jumbling of words is just what they need- I guess, all in all its narrowing down our dependence on foreign stuff !!!!
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TomC View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TomC Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 6:07pm
So,,after years of the steamship lines thinking they were cutting a fat hog on heavy discounts and convincing themselves market share was the answer they found out you can't do it for free forever.However, they are still going to need a port To unload the ships and a bunch of trucks to deliver that stuff.
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Dakota Dave View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dakota Dave Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 6:25pm
Costco has a fleet of trucks already wouldn't be hard to add some as needed just need to build their own port to get around the longshore Union that's bottling up everyone's shippment
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steve(ill) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 6:53pm
Saw on the news tonight there are 50 ships setting off the Calif coast WAITING to get in to the UNLOADING DOCK...
Like them all, but love the "B"s.
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JohnColo View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JohnColo Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 8:35pm
There are other ports not nearly as busy as L.A., they can go north to Seattle or Vancouver, the containers will go directly to Costco distribution centers via rail or truck.   I wouldn't be a bit surprised to see wally world do the same thing.  It would be nice to see more stuff made in North America.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DanWi Quote  Post ReplyReply Direct Link To This Post Posted: 27 Sep 2021 at 10:13pm
Not having product to sell must be cutting into their bottom line.
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DMiller View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DMiller Quote  Post ReplyReply Direct Link To This Post Posted: 28 Sep 2021 at 4:22am
Sorry JohnCO
Seems ALL US ports with container handling equipment are bottled up.
Covid restrictions, manpower issues(as in no new applicants).

Some
Blame trucker shortages, others blame rail line cut backs, ever more blame the dock workers, COVID sickened, but it seems there is not a one answer fits all except the most prevalent Elephant in the room

Workers, applicants, those that perform the unloading, hauling, emptying of containers and stocking the stores that are in evidence of NOT THERE.

Thank Bite Me and Pissy for that.

Can hardly wait to See what happens when US farm Exports cannot leave as nobody to haul, load, or place in ships to feed the rest of the world, famine, disease, will become horrific at best.

Edited by DMiller - 28 Sep 2021 at 4:24am
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steve(ill) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 28 Sep 2021 at 8:39am
Like them all, but love the "B"s.
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steve(ill) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 28 Sep 2021 at 8:45am
GOOGLE looks like SEATTLE is the only port in the US that is keeping up and has no backlog.
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DMiller View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DMiller Quote  Post ReplyReply Direct Link To This Post Posted: 28 Sep 2021 at 5:38pm
Won't last long as the BNSF is the major rail service to haul the CONEX boxes out and back in and are OVERWHELMED.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DiyDave Quote  Post ReplyReply Direct Link To This Post Posted: 28 Sep 2021 at 7:13pm
Originally posted by DMiller DMiller wrote:

Won't last long as the BNSF is the major rail service to haul the CONEX boxes out and back in and are OVERWHELMED.

And who owns bnsf?Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote shameless dude Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 1:01am
Buffet
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DMiller View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DMiller Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 3:28am
Even he cannot buy employees out of the current stock.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Brian Jasper co. Ia Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 8:37am
I remember in the late 70s early 80s bumper stickers on cars that read “Hungry? Eat your foreign car” It’s looking like that sticker may make a comeback reading “Hungry? Thank a demodonkey”
"Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian." Henry Ford
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Brian Jasper co. Ia View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Brian Jasper co. Ia Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 8:48am
I’ve heard that John Deere is getting into the grain loading business. It would make sense. When Carter tanked grain prices with the Russian grain embargo, he singlehandedly put a lot of farmers out of business and many more didn’t buy new machinery.
"Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian." Henry Ford
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tbone95 Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 9:34am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JC(WI) Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 10:35am
Great! (not), Was wondering when that would happen...
 As for them FERD trucks sitting without computer chips, maybe the industry needs to send a plane over and get them chips loaded and fly them directly back...?  or build their own chips...Or better yet,  cut the crap out and make those vehicles less contingent on them dang computers that get a bug in their system an break down and costs the owners thousands to have replaced. 
   We need to go back to the KISS system.
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The truth is the truth, sugar coated or not. Trawler II says, "Remember that."
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sho-man1 Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 10:59am
There is not a chip shortage. We have not missed a beat during the plandemic on production of chips...now demand for chips for automobiles has increased alot...The chinese can make chips faster and cheaper than everyone else but they can not make "automotive" chips reliably, meaning zero fails over a fifteen year life cycle. That's why china wants Taiwan so bad, to get ahold of TSMC, tsmc can build reliable chips..
It takes 18 weeks to 3 months to manufacture integrated circuits that are reliable for automotive use once they are queued up for production. The specifications for automotive chips is much more stringent than consumer products, same with medical devices.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote john(MI) Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 11:42am
Last thing I saw on the situation was that ships from certain countries or companies were getting unloaded with no problems.  It would seem Costco and/or Walmart would not have any problem getting their ships unloaded.  If they get their boxes switched onto their ships they could get them unloaded and moved.  It also seems like the unloading companies have every thing they need for ships from specific locations!  I don't believe this is a company strike.  This is a move by the companies to cause problems with the retailers across the country.  It started with the truck industry not moving enough trucks.  Now it has moved up a level.  I'm not sure where all of these people are getting unemployment from but somebody is rigging the system or providing funds to people not to work.   It's been way too long for the working public to be able to remain unemployed with no other assistance coming in, they shouldn't even be eligible for UI any longer.  Where are they getting funds to even be able to live at their current addressed?  This is all way to confusing to be happening in our country!
D14, D17, 5020, 612H, CASE 446
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 11:49am
are you serious ??... $6 TRILLION in COVID FREE CHEESE and they want to pass another $4 TRILLION and you dont know WHERE IS THE MONEY COMING FROM ??     LOL   LOL
Like them all, but love the "B"s.
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steve(ill) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote steve(ill) Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 11:52am
There are not enough truck drivers.. not enough fast food workers... nobody working at restaurants...department stores... EVERYWHERE.... just LOOK !  10 MILLION NOT WORKING !


all the reasons for backlog........
  • Dozens of container ships are stuck waiting off the coast of New York, per Mail Online
  • It comes amid surging demand for goods ahead of the holiday season and a national labor shortage. 
  • Port of New York and New Jersey appears to be facing similar issues as West coast ports. 


Edited by steve(ill) - 29 Sep 2021 at 12:08pm
Like them all, but love the "B"s.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tbone95 Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 12:21pm
Originally posted by john(MI) john(MI) wrote:

Last thing I saw on the situation was that ships from certain countries or companies were getting unloaded with no problems.  It would seem Costco and/or Walmart would not have any problem getting their ships unloaded.  If they get their boxes switched onto their ships they could get them unloaded and moved.  It also seems like the unloading companies have every thing they need for ships from specific locations!  I don't believe this is a company strike.  This is a move by the companies to cause problems with the retailers across the country.  It started with the truck industry not moving enough trucks.  Now it has moved up a level.  I'm not sure where all of these people are getting unemployment from but somebody is rigging the system or providing funds to people not to work.   It's been way too long for the working public to be able to remain unemployed with no other assistance coming in, they shouldn't even be eligible for UI any longer.  Where are they getting funds to even be able to live at their current addressed?  This is all way to confusing to be happening in our country!
Are you low on Oxygen?LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tbone95 Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 12:22pm
Originally posted by sho-man1 sho-man1 wrote:

There is not a chip shortage. We have not missed a beat during the plandemic on production of chips...now demand for chips for automobiles has increased alot...The chinese can make chips faster and cheaper than everyone else but they can not make "automotive" chips reliably, meaning zero fails over a fifteen year life cycle. That's why china wants Taiwan so bad, to get ahold of TSMC, tsmc can build reliable chips..
It takes 18 weeks to 3 months to manufacture integrated circuits that are reliable for automotive use once they are queued up for production. The specifications for automotive chips is much more stringent than consumer products, same with medical devices.
There's not a chip shortage?

So.....GM has decided to park the former Pontiac Silverdome site full of "not quite finished" vehicles for the fun of it?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote tadams(OH) Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 3:06pm
are you serious ??... $6 TRILLION in COVID FREE CHEESE and they want to pass another $4 TRILLION and you dont know WHERE IS THE MONEY COMING FROM ??     LOL   LOL

The way this Government operates is just fire up the printing press, they don't have to have any thing to back it up just print more 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DMiller Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 5:04pm
Hang on for that Hyperinflation Ride, will be a Bell Ringer!!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DiyDave Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2021 at 6:05pm
Originally posted by shameless dude shameless dude wrote:

Buffet

Shamers, You said the magic word!

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Post Options Post Options   Thanks (0) Thanks(0)   Quote DMiller Quote  Post ReplyReply Direct Link To This Post Posted: 30 Sep 2021 at 6:35pm
UK and other Euro Nations are experiencing similar issues, is due to LACK of CONEX Boxes locked in US, ASIA and Chinese ports!!!

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Post Options Post Options   Thanks (0) Thanks(0)   Quote DougG Quote  Post ReplyReply Direct Link To This Post Posted: 30 Sep 2021 at 6:45pm
There for sale on CL pretty cheap - $2800 for a 40 footer
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