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.”

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

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