Jesse Kaplan, the founder of CEO of Parcel Inc. (Photo: Walmart)

Walmart buys Parcel to boost NYC e-commerce deliveries

Oct. 8, 2017
Here is a fact sheet on Walmart's purchase of Parcel.

Walmart Stores said it has acquired Parcel Inc. to ramp up its last-mile delivery operations in New York City.

“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," Nate Faust, senior vice president of Walmart U.S. eCommerce Supply Chain, said in a blog post.

Parcel delivers packages the same-day, overnight, and in scheduled two-hour windows.

New York City is the top market for both Jet and, which makes it “the perfect place for high-impact innovation,” Faust said.

A purchase price was not disclosed. As it competes with Amazon and others in the e-commerce space, Walmart bought retailer Bonobos Inc for $310 million earlier this year and internet retailer for about $3 billion in 2016.

Faust praised Parcel’s automated operations, and its ability to quickly sort and load packages for delivery routes.

“Delivery is increasingly one of the most important elements for today’s online shoppers, as demands for speed, flexibility, and reliability continue to grow,” Faust said.

In a posting on LinkedIn, Parcel founder and CEO Jesse Kaplan wrote “the three years have been the most terrifying, thrilling, exhausting, entertaining, challenging, and exciting of my life, and I couldn’t be prouder of my team for what we’ve built. We are beyond thrilled to be joining forces with the largest retailer in the world, and I can’t wait for this next chapter.”

About the Author

Neil Abt

Neil Abt, editorial director at Fleet Owner, is a veteran journalist with over 20 years of reporting experience, including 15 years spent covering the trucking industry. A graduate of American University in Washington, D.C., he began his career covering sports for The Washington Post newspaper, followed by a position in the newsroom of America Online (AOL) and then both reporting and leadership roles at Transport Topics. Abt is based out of Portland, Oregon.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!