Walmart acquires Parcel

Walmart has acquired Parcel, a technology-based, same-day and last-mile delivery company based in New York that specialises in perishable and non-perishable delivery to customers in New York City. Parcel uses routing algorithms, a fleet of leased vehicles, and a professional, employee-based workforce, to quickly sort, load and deliver packages to customers.

As a 24/7 operation that delivers packages the same-day, overnight and in scheduled two-hour windows, Parcel uses routing algorithms, a fleet of leased vehicles, and a professional, employee-based workforce, to quickly sort, load and deliver packages to customers.

The deal closed on September 29, 2017.

“We plan to leverage Parcel for last mile delivery to customers in New York City – including same-day delivery – for both general merchandise as well as fresh and frozen groceries from Walmart and Jet,” Walmart said.

Also, Parcel will continue servicing its current clients and adding others, operating from its New York City headquarters where it can accelerate and scale over time, it said.