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

Jesse Kaplan founder and CEO of Parcel

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.

With the acquisition of Parcel, Walmart is poised to take on AmazonFresh, its same-day grocery service, and Amazon Prime Now, which delivers general merchandise, in the US's biggest market. While Parcel stands to boost Walmart's same-day delivery prowess in the New York City area, it still has hefty competition from Amazon which offers same-day and two-hour delivery in a number of regions. Walmart will now be able to tap into Parcel'shomegrownn familiarity with the market.

Raiders QB Derek Carr has fracture in back, out 2-4 weeks
Manuel entered the game on Sunday when Carr was injured and he completed 11 of 17 passes for 106 yards and one interception. The Ravens go on the road to face the Raiders Sunday in a matchup between two teams that have both lost two straight games.

Parcel has partnerships with several meal kit, grocery and e-commerce companies. In 2016, it purchased Jet.com for about $3.3 billion, with the website's founder Marc Lore going on to become head of e-commerce for Walmart.

Walmart has invested heavily in logistics and delivery as one of the primary fronts in its battle against Amazon. Jet.com is now testing free same-day delivery of certain orders in New York City and acquiring Parcel - which schedules two-hour delivery windows and uses a fleet of leased trucks to drop off packages - will enable Wal-Mart to build on it. Parcel will continue to deliver for its existing customers, but it will become the so-called last-mile courier for Walmart.com and Jet.com, the e-commerce company Walmart bought a year ago. Through that company's technology and carrier network, Target has been testing same-day deliveries in the city's TriBeCa neighborhood.

Pakistan's ruling party nominates ousted PM Sharif to lead it
Earlier in the day, Nawaz had appeared before the accountability court here where the graft case against him is being heard. The bill was recently amended and passed in the Senate to allow a disqualified person to be made a political party leader.

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's the flawless place for high-impact innovation.

In addition, Walmart is investing in grocery pick up and delivery programs to complement online shopping and grocery, which is available in more than 900 US stores. 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. Wal-Mart senior vice president Nate Faust spotlighted consumers' shifting demands as an impetus for the deal.

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His Mercedes team-mate and title rival Nico Rosberg had collided with Sebastian Vettel at the start and fallen to the back.

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