Target on Monday said it will acquire Grand Junction, a San Francisco-based transportation technology company, for an undisclosed amount, to improve and expand delivery capabilities. The acquisition will accelerate Target’s investments and ongoing efforts to transform its supply chain, the company said in a blog post.
Grand Junction, founded in 2014, is a software platform used by retailers, distributors and third-party logistics providers to manage local deliveries through a network of more than 700 local and regional carriers. The company is already working with Target on a same-day delivery pilot at the Target store in New York’s Tribeca neighborhood, the company said.
Grand Junction is the only platform for managing and offering same-day and local delivery in every North American market. Grand Junction allows leading retailers, distributors, and 3PLs to offer delivery through its comprehensive technology platform and coast-to-coast network of more than 700 carriers. With Grand Junction, shippers have real-time visibility and control over their spend and customer experience, and can customize the services they offer, choosing from on-demand, same-day AM/PM, scheduled, and two-person delivery.
We spoke yesterday about what free same-day delivery can mean for your business: How Free Same-Day Delivery Increases Conversion Rate, Order Volume & Basket Size
Target is reporting earnings tomorrow.