Walmart Makes New Acquisition To Shorten Delivery Times

Walmart Makes New Acquisition To Shorten Delivery Times

"New York City is the top market for both Jet and Walmart.com, and because of the density of the area - along with the proximity of our fulfilment centres - it's the flawless place for high-impact innovation", Nate Faust, senior vice president for the retailer's e-commerce supply chain, said in a post on the company blog.

Parcel, a 24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows, was bought for an undisclosed amount "smaller than previous acquisitions" Wal-Mart made this year, the discount retailer said.

Nate Faust, senior vice president of Walmart's US e-commerce supply chain, says Parcel will help Walmart meet customers' growing desire for same-day deliveries.

In a blog post, Walmart says "Parcel uses routing algorithms, a fleet of leased vehicles and a professional, employee-based workforce to quickly sort, load and deliver packages" to customers.

Fischer queries top military officials about Afghanistan strategy
In a House of Representatives hearing later on Tuesday, Mattis said Iran was "fundamentally" in compliance with the nuclear deal .

The reason that Parcel was an attractive acquisition for Walmart is where it operates. That's why my team spends a lot of time thinking about ways we can make deliveries faster and more convenient for customers. Its current clients - who it will continue to serve, Walmart said - include meal kit companies like Chef'd and Purple Carrot. Jet already has been testing free same-day delivery of certain orders to customers there, Mr. Faust said.

Indeed, New York City is the top market for both Jet and Walmart.com, and because of the density of the area - along with the proximity of our fulfillment centers - it is a particularly challenging market.

Wal-Mart Stores Inc shares were unchanged in premarket trading Tuesday. Earlier this year, Jet announced a partnership with Latch, another New York-based startup that offers keyless entry for delivery personnel to leave packages inside a doorman-less apartment building. So they see it as a big potential and they see the e-commerce piece and felt like they had to solve this problem.

The move comes just weeks after Amazon.com completed its acquisition of Whole Foods, which has a large presence in New York City and will likely help Amazon accelerate grocery delivery. Walmart's rival Amazon offers same-day delivery in NY and other cities, as well as safe drop off spots through Instant Pickup locations and Amazon Lockers. Faust said that the city is the "perfect place for high-impact innovation".

Related Articles

  • Prince Harry sneaks a cheeky kiss from Meghan Markle

    Prince Harry sneaks a cheeky kiss from Meghan Markle

    Obama tweeted about attending the Games on Friday: "Proud to cheer on Team USA at the Invictus Games today with my friend Joe". So now that Prince Harry is out there meeting Meghan Markle's mom , we want to know when they're going to get engaged.
    Boy, girl killed in ceasefire breach in Poonch

    Boy, girl killed in ceasefire breach in Poonch

    He has said that Pakistan is a nation of cowards as they show white flags on one side and kill civilians on the other. Officials said Pakistani troops opened unprovoked and indiscriminate fire on Indian forward posts in Poonch .
    Myanmar, Bangladesh set up repatriation group

    Myanmar, Bangladesh set up repatriation group

    "What Bangladesh has been saying is that we want to settle this issue peacefully and both countries have agreed to that". Rohingyas are ethnic Muslims who have lived in the southwestern region of Myanmar for hundreds of years.
  • Gran Turismo Sport Demo Announced, Will Start In October 9

    Gran Turismo Sport Demo Announced, Will Start In October 9

    The Livery Editor will allow you to - unsurprisingly - add your personal touch to your favorite vehicle . It's a timed demo that's active for four days however and will finish on Thursday October 12th.
    Las Vegas shooter's father was a notorious bank robber

    Las Vegas shooter's father was a notorious bank robber

    Stephen Paddock is seen in a photo provided by CNN . "We had no knowledge of this individual", Lombardo said. "I didn't know him". But while the shooter himself had no criminal background, the same reportedly can not be said for all his family.
    Malaysia Signs Off From F1 With a Larger Turnout

    Malaysia Signs Off From F1 With a Larger Turnout

    Max Verstappen qualified third ahead of Red Bull teammate Daniel Ricciardo , while Hamilton's teammate Valtteri Bottas was fifth. Bottas wished to help Hamilton but Vettel pitted on the 28th lap for a successful undercut.
  • Vegas killer's partner reportedly in Asia

    Vegas killer's partner reportedly in Asia

    She was said to be Filipino but an Australian national and has been living in the United States. Then it was reported she wasn't a "person of interest", resulting in public confusion.
    Locals donate blood after hearing of Vegas tragedy

    Locals donate blood after hearing of Vegas tragedy

    The account was created with a goal of $3.5 million, and as of Tuesday morning more than $3.1 million had been donated . Fifty-nine people were killed and another 527 injured in what has become the worst mass shooting in USA history.
    NY's old Kosciuszko Bridge brought down in demolition

    NY's old Kosciuszko Bridge brought down in demolition

    An off-duty FDNY EMT was struck and killed by a auto on Kosciuszko Bridge over the weekend in an apparent hit and run accident. The eastbound span of the new bridge opened in April, as part of a $555 million project to replace the decaying connection.
  • Your Healthy Family: Do you know the latest breast cancer screening recommendations?

    Your Healthy Family: Do you know the latest breast cancer screening recommendations?

    Estée Lauder was a pioneer in taking action to try and defeat breast cancer. Rachel O'Connor said the event has seen success throughout the years.
    Gerrard 'a big, big believer' in under-pressure Liverpool boss Klopp

    Gerrard 'a big, big believer' in under-pressure Liverpool boss Klopp

    Sloppy September became ordinary October as Liverpool's recent woes continued with a 1-1 draw away to Newcastle United . Klopp doesn't fancy Sturridge, that's why he doesn't play".
    Trump undermines Tillerson with North Korea comments

    Trump undermines Tillerson with North Korea comments

    Kim responded by calling Trump a "dotard" and warning of the "highest level of hard-line countermeasure in history". At the same time, increased sanctions and diplomatic pressure have done little to force Kim to alter course.