Costco, Nike and FedEx are warning there’s more inflation set to hit consumers as holidays approach

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A worker wearing a protective mask removes rotisserie chicken from skewers inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021.David Paul Morris | Bloomberg | Getty ImagesShipping bottlenecks that have led to rising freight costs are cooking up a holiday headache for U.S. retailers.Costco this week joined the long list of retailers sounding the alarm about escalating shipping prices and the accompanying supply chain issues. The warehouse retailer, which had a similar cautionary tone in May, was joined by athletic wear giant Nike and economic bellwethers Federal Express and General Mills in warning of similar concerns.The cost to ship containers overseas has soared in recent months. Getting a 40-foot container from Shanghai to New York cost about $2,000 a year and a half ago, just prior to the Covid pandemic. Now, it runs some $16,000, according to Bank of America.In a conference call with analysts, Costco Chief Financial Officer Richard Galanti call
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