Remove Marketing Remove Operations Remove Regional Remove Virginia
article thumbnail

Canada’s TFI To Acquire UPS Freight In $800 Million Deal

PYMNTS

Canadia's TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the first quarter of 2021. UPS is pulling out of the domestic trucking market to focus on the escalating small package delivery business. billion in 2020 revenue. and Canada. and Canada.

Virginia 267
article thumbnail

SoftBank Shares Slide Along With Ride-hailing Stocks

PYMNTS

SoftBank has lost about $16 billion in market value, as Uber fell almost 20 percent below its IPO price. Masayoshi Son, CEO of SoftBank, said the bank controls 90 percent of the ride-hailing market, including shares in Didi Chuxing, Grab and Ola in India. Some companies think SoftBank’s tech fund will help with growth in the region.

Virginia 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Power Appointments At TNS

PYMNTS

John Tait will assume the position of Managing Director of TNS’ Payments Division for the Asia Pacific region. Zirkel will be based in Reston, Virginia and Tait will be based in Sydney, Australia. Zirkel was the Chief Operating Officer of TabbedOut before joining TNS, a mobile payment app with CRM features for bars and restaurants.

Virginia 100
article thumbnail

Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?

PYMNTS

As reported last week, Bear Down Logistics is no longer working with Amazon, with the firm cutting hundreds of jobs in the wake of that severance, and effectively ceasing operations across five states. Yet, in a competitive market, pay may matter. The last mile … perhaps a seller’s market for now?

Michigan 196
article thumbnail

Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

That growth will be driven by a generally healthy consumer spend and tight labor market. To be successful, restaurant operators will look to strike the perfect formula of on- and off-premises for their business as consumers strive for convenience, but continue to look to the social escape that restaurants provide.

article thumbnail

OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Operational Risk: Lastly, the OCC mentioned an increase in operational risk, and its intent to focus on: • Significant growth areas, new products, new or expanded services and changes in strategic direction. Many of the issues which the OCC will be focusing on ring true for all banks regardless of regulator and region.

article thumbnail

What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., Meanwhile, in at least one city that Amazon turned down (Chicago), creative marketing types exacted a bit of benign revenge on the company via its own technology.