diff --git a/bin/ember-source-channel-url b/bin/ember-source-channel-url
index 17957ba..7be7bdf 100755
--- a/bin/ember-source-channel-url
+++ b/bin/ember-source-channel-url
@@ -3,26 +3,76 @@
 
 /* eslint-disable no-console */
 
+const fs = require('fs');
 const getChannelURL = require('../src');
 const channel = process.argv[2];
+const shouldUpdatePackage = process.argv.includes('-w') || process.argv.includes('--write');
 
-if (['release', 'beta', 'canary'].indexOf(channel) === -1) {
-  console.log(
-    `ember-source-channel-url is a utility module to easily obtain the URL
+function printUsage() {
+  console.log(`
+ember-source-channel-url is a utility module to easily obtain the URL
 to a tarball representing the latest \`ember-source\` build for a given
 channel.
 
-Usage:
+USAGE:
+  ember-source-channel-url [CHANNEL] [FLAGS]
+
+FLAGS:
+
+  -w, --write   Update the local package.json to use the retrieved ember-source URL
+  -h, --help    Prints help information
+
+EXAMPLE:
+
+  * Print the most recent URL for the specified channel:
+
+    $ ember-source-channel-url canary
+    $ ember-source-channel-url beta
+    $ ember-source-channel-url release
+
+  * Update the local project's \`package.json\` to use the most recent URL for the canary channel:
+
+    $ ember-source-channel-url canary --write
+`);
+}
 
-  ember-source-channel-url canary
-  ember-source-channel-url beta
-  ember-source-channel-url release
-`
-  );
+if (['release', 'beta', 'canary'].indexOf(channel) === -1) {
+  printUsage();
+  process.exitCode = 1;
 } else {
-  getChannelURL(channel).then(url =>
+  getChannelURL(channel).then(url => {
     console.log(
-      `The URL for the latest tarball from ember-source's ${channel} channel is:\n\n\t${url}`
-    )
-  );
+      `The URL for the latest tarball from ember-source's ${channel} channel is:\n\n\t${url}\n`
+    );
+
+    if (shouldUpdatePackage) {
+      if (!fs.existsSync('package.json')) {
+        console.log(
+          `You passed --write to ember-source-channel-url but no package.json is available to update.`
+        );
+
+        process.exitCode = 2;
+      }
+
+      let contents = fs.readFileSync('package.json', { encoding: 'utf8' });
+      let pkg = JSON.parse(contents);
+
+      let dependencyType = ['dependencies', 'devDependencies'].find(
+        type => pkg[type] && pkg[type]['ember-source']
+      );
+
+      if (dependencyType) {
+        pkg[dependencyType]['ember-source'] = url;
+
+        let updatedContents = JSON.stringify(pkg, null, 2);
+        fs.writeFileSync('package.json', updatedContents, { encoding: 'utf8' });
+      } else {
+        console.log(
+          `You passed --write to ember-source-channel-url but ember-source is not included in dependencies or devDependencies in the package.json.`
+        );
+
+        process.exitCode = 3;
+      }
+    }
+  });
 }
diff --git a/package.json b/package.json
index 6dd7e6f..682a08c 100644
--- a/package.json
+++ b/package.json
@@ -27,7 +27,8 @@
     "prettier": "^1.17.1",
     "qunit": "~2.9.2",
     "qunit-eslint": "^2.0.0",
-    "rsvp": "^4.7.0"
+    "rsvp": "^4.7.0",
+    "tmp": "^0.1.0"
   },
   "engines": {
     "node": "6.* || 8.* || >= 10.*"
diff --git a/tests/index-test.js b/tests/index-test.js
index 59aa2ef..e509f9f 100644
--- a/tests/index-test.js
+++ b/tests/index-test.js
@@ -1,10 +1,17 @@
 'use strict';
 
+const fs = require('fs');
 const path = require('path');
 const crypto = require('crypto');
 const execa = require('execa');
 const createServer = require('./helpers/server').createServer;
 const getChannelURL = require('../src');
+const tmp = require('tmp');
+
+tmp.setGracefulCleanup();
+
+const ROOT = process.cwd();
+const EXECUTABLE_PATH = path.join(__dirname, '..', 'bin', 'ember-source-channel-url');
 
 QUnit.module('ember-source-channel-url', function(hooks) {
   function randomString(length) {
@@ -12,6 +19,9 @@ QUnit.module('ember-source-channel-url', function(hooks) {
   }
 
   hooks.beforeEach(function() {
+    let dir = tmp.dirSync();
+    process.chdir(dir.name);
+
     return createServer().then(server => {
       process.env.EMBER_SOURCE_CHANNEL_URL_HOST = `http://localhost:${server.port}`;
 
@@ -19,6 +29,8 @@ QUnit.module('ember-source-channel-url', function(hooks) {
       this.fakeSHA = randomString(20);
       let assetPath = (this.assetPath = `/canary/shas/${this.fakeSHA}.tgz`);
 
+      this.expectedURL = `http://${server.host}:${server.port}/builds.emberjs.com${this.assetPath}`;
+
       server.on('/builds.emberjs.com/canary.json', (req, res) => {
         res.end(JSON.stringify({ assetPath }));
       });
@@ -28,6 +40,8 @@ QUnit.module('ember-source-channel-url', function(hooks) {
   });
 
   hooks.afterEach(function() {
+    process.chdir(ROOT);
+
     return this.server.close();
   });
 
@@ -43,13 +57,92 @@ QUnit.module('ember-source-channel-url', function(hooks) {
 
   QUnit.module('binary', function() {
     QUnit.test('works', function(assert) {
-      let expected = `http://${this.server.host}:${this.server.port}/builds.emberjs.com${
-        this.assetPath
-      }`;
+      return execa(EXECUTABLE_PATH, ['canary']).then(results => {
+        assert.ok(results.stdout.includes(this.expectedURL), 'URL is present in stdout');
+      });
+    });
+
+    QUnit.test('updates local package.json when -w is passed (dependencies)', function(assert) {
+      fs.writeFileSync(
+        'package.json',
+        JSON.stringify({ dependencies: { 'ember-source': '^3.10.0' } }),
+        { encoding: 'utf8' }
+      );
+
+      return execa(EXECUTABLE_PATH, ['canary', '-w']).then(results => {
+        assert.ok(results.stdout.includes(this.expectedURL), 'URL is present in stdout');
+
+        assert.deepEqual(JSON.parse(fs.readFileSync('package.json', { encoding: 'utf8' })), {
+          dependencies: {
+            'ember-source': this.expectedURL,
+          },
+        });
+      });
+    });
+
+    QUnit.test('updates local package.json when --write is passed (dependencies)', function(
+      assert
+    ) {
+      fs.writeFileSync(
+        'package.json',
+        JSON.stringify({ dependencies: { 'ember-source': '^3.10.0' } }),
+        { encoding: 'utf8' }
+      );
+
+      return execa(EXECUTABLE_PATH, ['canary', '--write']).then(results => {
+        assert.ok(results.stdout.includes(this.expectedURL), 'URL is present in stdout');
+
+        assert.deepEqual(JSON.parse(fs.readFileSync('package.json', { encoding: 'utf8' })), {
+          dependencies: {
+            'ember-source': this.expectedURL,
+          },
+        });
+      });
+    });
+
+    QUnit.test('updates local package.json when --write is passed (devDependencies)', function(
+      assert
+    ) {
+      fs.writeFileSync(
+        'package.json',
+        JSON.stringify({ devDependencies: { 'ember-source': '^3.10.0' } }),
+        { encoding: 'utf8' }
+      );
+
+      return execa(EXECUTABLE_PATH, ['canary', '--write']).then(results => {
+        assert.ok(results.stdout.includes(this.expectedURL), 'URL is present in stdout');
+
+        assert.deepEqual(JSON.parse(fs.readFileSync('package.json', { encoding: 'utf8' })), {
+          devDependencies: {
+            'ember-source': this.expectedURL,
+          },
+        });
+      });
+    });
+
+    QUnit.test('fails when package.json is missing', function(assert) {
+      return execa(EXECUTABLE_PATH, ['canary', '--write']).catch(results => {
+        assert.ok(results.stdout.includes(this.expectedURL), 'URL is present in stdout');
+
+        assert.ok(
+          results.stdout.includes('no package.json is available to update'),
+          'warning is printed indicating -w failed'
+        );
+      });
+    });
+
+    QUnit.test('fails when ember-source is not a dep', function(assert) {
+      fs.writeFileSync('package.json', JSON.stringify({}), { encoding: 'utf8' });
+
+      return execa(EXECUTABLE_PATH, ['canary', '--write']).catch(results => {
+        assert.ok(results.stdout.includes(this.expectedURL), 'URL is present in stdout');
 
-      let executablePath = path.join(__dirname, '..', 'bin', 'ember-source-channel-url');
-      return execa(executablePath, ['canary']).then(results => {
-        assert.ok(results.stdout.includes(expected), 'URL is present in stdout');
+        assert.ok(
+          results.stdout.includes(
+            'ember-source is not included in dependencies or devDependencies'
+          ),
+          'warning is printed indicating -w failed'
+        );
       });
     });
   });
diff --git a/yarn.lock b/yarn.lock
index 5c7f3f1..1986f4a 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1192,7 +1192,7 @@ restore-cursor@^2.0.0:
     onetime "^2.0.0"
     signal-exit "^3.0.2"
 
-rimraf@2.6.3:
+rimraf@2.6.3, rimraf@^2.6.3:
   version "2.6.3"
   resolved "https://registry.yarnpkg.com/rimraf/-/rimraf-2.6.3.tgz#b2d104fe0d8fb27cf9e0a1cda8262dd3833c6cab"
   dependencies:
@@ -1379,6 +1379,13 @@ tmp@^0.0.33:
   dependencies:
     os-tmpdir "~1.0.2"
 
+tmp@^0.1.0:
+  version "0.1.0"
+  resolved "https://registry.yarnpkg.com/tmp/-/tmp-0.1.0.tgz#ee434a4e22543082e294ba6201dcc6eafefa2877"
+  integrity sha512-J7Z2K08jbGcdA1kkQpJSqLF6T0tdQqpR2pnSUXsIchbPdTI9v3e85cLW0d6WDhwuAleOV71j2xWs8qMPfK7nKw==
+  dependencies:
+    rimraf "^2.6.3"
+
 tslib@^1.9.0:
   version "1.9.3"
   resolved "https://registry.yarnpkg.com/tslib/-/tslib-1.9.3.tgz#d7e4dd79245d85428c4d7e4822a79917954ca286"