Sci-tech

Walmart Acquires Logistic Start-Up: Looks to Launch Same-Day Delivery in NYC

Walmart Acquires Logistic Start-Up: Looks to Launch Same-Day Delivery in NYC

Walmart is buying delivery company Parcel to help get groceries, other goods to customers in New York City faster. The retailer announced today that it has acquired technology-based, same-day, and last-mile delivery company Parcel.

Parcel, which delivers groceries and other items from third-party retailers, intends to help Walmart with last-mile delivery, known as the final steps in getting packages to consumers.

As one e-commerce subsidiary grows its reach to test private label groceries, Walmart has bought up another in an effort to expand its delivery prowess.

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The other department employee who was shot - a sworn police officer - suffered minor injuries, police said . "Everyone liked him. A man in her friend's group was shot in the stomach; they still weren't sure of his fate Monday afternoon.

Parcel's customers include Bonobos and meal-kit services like Chef'd and Martha Stewart's Martha & Marley Spoon, and will continue to serve current clients, Walmart said.

The world's largest retailer plans to use the business to offer free, same-day delivery in New York City - the most populous city in the US - as it continues to push into e-commerce to compete with Amazon.com Inc. From a warehouse in Brooklyn, Parcel receives packages destined for customers throughout New York City. For residents without a doorman, the process of accepting packages when not at home can be hard. The service allows customers to schedule delivery times for their packages, which solves the problem apartment dwellers face when they don't have a door person to let a delivery person into the building.

Walmart has continued to ramp up its online shopping business to compete with Amazon. 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. The deal, for which terms were not disclosed, gives Walmart access to Parcel's routing algorithms, fleet of leased vehicles, and employees, the retailer said in a blog post Tuesday.

US House Democrats seek urgent hearing on hurricane relief efforts
ET Friday the Army has more than 4,900 soldiers and Army Corps of Engineers civilian personnel in Puerto Rico and the U.S. Duke is likely to visit the USA island territory to see the recovery effort next Tuesday, along with President Trump .

Parcel will add to Walmart's ability to deliver to high-density cities, which the company considers a "top market" according to a news release.

Walmart is up 15.91% this year. Unlike Amazon, however, Parcel says that its deliveries are made through an all-employee workforce.

Trump blasts media coverage of Puerto Rico
Almost all of Puerto Rico's 3.4 million residents are without power, and many without cell service, food, or water. He described the mayor as one of the leaders in the USA territory who "want everything to be done for them ".


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