Walmart Canada

Walmart Canada launches carbon offset delivery

Walmart Canada is now offering its e-commerce customers carbon-neutral shipping on items including groceries.

The company said it is now funding a carbon-offset program that will be administered by EcoCart. Walmart said the program will offset an estimated 25,000 tons of scope 3 emissions generated by Walmart’s last-mile deliveries. That is the equivalent of saving 1 million trees or removing 5,000 cars from the roads in a single year, the company said.

“Funding carbon offsets for last-mile...

https://www.freightwaves.com/news/walmart-canada-launches-carbon-offset-delivery

Walmart posts strong third-quarter results

Walmart Inc. (NYSE:WMT) posted strong third-quarter results Tuesday, with diluted earnings per share of $1.80 coming in above the $1.18 per share estimate of analysts polled on Barchart.

The company’s adjusted EPS excluded the impact of an 80 cents per share unrealized gain on certain equity investments and a 34 cents per share loss on the sale of Walmart’s Argentina business, the company said. Excluding those amounts, the company’s EPS was $1.34. 

Quarterly revenue was reported at $134.7...

https://www.freightwaves.com/news/walmart-posts-strong-third-quarter-results

Walmart triples Tesla Semi order in Canada

A front-facing picture of a Tesla Semi truck. Walmart Canada has ordered 130 of the trucks.

Walmart Canada has more than tripled its order for Tesla Semi trucks in a show of confidence for the all-electric heavy-duty vehicles and the ability of its maker to deliver them.   

The Canadian division of retailer Walmart (NYSE:WMT) said Tuesday it reserved 130 of the trucks. Once in service, Walmart will have one of the biggest electric truck fleets in Canada as part of a companywide goal to achieve zero emissions by 2040. 

“I’m excited to have my drivers drive this truck,” Francis Lalonde,...

https://s29755.pcdn.co/news/walmart-triples-tesla-semi-order-in-canada

How Walmart solved carrier payment woes in Canada with blockchain

Trucks in front of a Walmart facility. Walmart Canada says a blockchain payment platform had dramatically reduced invoice disputes.

Before Walmart Canada deployed blockchain technology to pay trucking companies, the company and its carriers were often bogged down by invoice disputes. Up to 70% of invoices had some sort of issue where numbers didn’t align with company expectations. 

The results were not good. Walmart personnel would lose time sorting out the long list of charges that go into each load. Meanwhile, payments to carriers were delayed. 

“Life was a bit rough in terms of processing payments,” recalled Francis...

https://s29755.pcdn.co/news/how-walmart-solved-canada-carrier-payment-woes-with-blockchain

Walmart Canada adds DCs, supply chain tech in C$3.5B push

A view from inside a Walmart distribution center. Walmart Canada is adding two distribution centers as part of a larger investment.

Walmart Canada plans to build two new distribution centers and bring more technology into its supply chain as part of a C$3.5 billion (US$2.6 billion) investment to grow its e-commerce and in-store operations. 

Walmart said it will spend C$1.1 billion to construct the new distribution centers near Toronto and Vancouver and renovate an existing one in Ontario. 

“The retail business is as dynamic as ever and this investment ensures we’re developing a supply chain that is the envy of the world,”...

https://s29755.pcdn.co/news/walmart-canada-adds-dcs-supply-chain-tech-in-c3-5b-push