Target Goes on Shopping Trip: Purchases Commercial Transportation Company
Retail giant Target Corp. (NYSE: TGT) is taking a plunge into the commercial transportation industry with the planned acquisition of Grand Junction, a transportation technology company.
The goal: To accelerate Target’s investments and ongoing efforts to transform its supply chain.
“Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur Valdez, executive vice president, chief supply chain and logistics officer, Target. “This acquisition is part of Target’s ongoing efforts to strengthen Target’s supply chain to provide greater speed, reliability and convenience for guests.”
San Francisco-based Grand Junction offers a software platform that’s used by retailers, distributors and third-party logistics providers to manage local deliveries through a network of more than 700 carriers. Currently, Grand Junction is working with Target on its same-day delivery pilot at the Target store in New York’s Tribeca neighborhood. Upon deal close, Grand Junction’s employees will become Target team members.
Minneapolis-based Target Corporation (NYSE: TGT) serves customers at 1,816 stores and at target.com.
Grand Junction is a technology transportation company whose software manages local delivery throughout North America and works with more than 700 carriers.
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