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No, not if you're matching the volume of items between the two scenarios.

Well, maybe more than one truck.

One truck per delivery service

Multiple times a week.

For the aforementioned 100 homes, if the 100-items-in-1-truck are needed multiple times per week, then the 100-items-in-100-cars are likely also needed multiple times per week, so the extra CO2 etc would be even worse.

With there typically being a free shipping minimum (or a relatively fixed shipping cost for daily goods), it seems like the benefits of the 1 truck model are likely even greater as customers are explicitly encouraged to group purchases together.