Target Corp. has agreed to acquire Grand Junction, a transportation technology company, in a move the retailer said will improve and expand its delivery capabilities and accelerate investments and ongoing efforts to transform its supply chain.
San Francisco-based Grand Junction offers a software platform that is 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.
“Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur Valdez, evp/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.”
