Journal of Commerce--Transportation, logistics initiatives will help retailer cut produce, fruit prices

Wal-Mart Stores will use its global transportation and logistics leverage to cut fruit and vegetable prices by $1 billion, the nation's largest grocer said Thursday.

It's part of a broad campaign to make food healthier and less expensive backed by First Lady Michelle Obama, who joined Wal-Mart executives in Washington.

"We can improve how we make and sell food in this country," she said at the event. Read more!