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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.

Virginia 267
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Mall Chain Owner Considering Selling Off Its Malls

PYMNTS

The Cleveland-based firm says that it is “reviewing strategic alternatives for its retail portfolio.” According to Chain Store Age , this could mean shifting or significantly reducing its investment in the mall and retail center industry to instead focus on apartments and office buildings.

Arlington 100
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Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?

PYMNTS

The net impact of Amazon’s decision translates to Bear Down Logistics’ facilities shutting down in Ohio, Virginia and Illinois in April — with 280 positions lost. Yet, in a competitive market, pay may matter. Postmates said its overall Delivery-as-a-Service has leapt by more than 300 percent year over year across retailers.

Michigan 196
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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

That growth will be driven by a generally healthy consumer spend and tight labor market. Growth will be fueled by the expansion of central kitchens for food prep, and social media marketing that showcases menus, philosophies and chefs. New chains could quickly emerge regionally or nationally.”.

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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., In addition, jobs will be created in coffee shops, restaurants, retail stores and with various service providers to support Amazon workers, of course. “I Alexa Apology.

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Fizzle Of The Week: The NYC Amazon HQ That Will Never Be

PYMNTS

Amazon confirmed that it will instead move forward with plans for Northern Virginia and Nashville, and continue to hire and grow across its “17 corporate offices and tech hubs in the U.S. In the meantime, amid growing competition in the subscription market, it is retooling its offerings and business model. and Canada.”.

New York 115
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2021 GonzoBanker Awards

Gonzobanker

From nowhere, sizable regional players are being created. For the past four-plus years, Chesler has guided Glacier through continued growth and successful acquisitions across the West, all while staying true to Glacier’s local market culture. Performance and multiples continue to be solid, outperforming most regional banks.

Fintech 147