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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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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
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Mortgage applicants find cozy home at some credit unions

Abrigo

by geographic region , identifying the top 10 credit unions by mortgage loan volume for the Northeast, South, Midwest and South. • Navy Federal Credit Union, serving military customers and headquartered in Vienna, Virginia, had the highest volume of mortgages in the Southern U.S. Image via Mapcustomizer.com.

Regional 186
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Amazon Eyes Two-City Split For HQ2

PYMNTS

It was reported over the weekend that the eCommerce giant was in late-stage discussions with a handful of communities, including Crystal City in northern Virginia, Dallas and New York City. I think it becomes just a regional office or a back office or a major office, but not a co-headquarters.”.

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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. The last mile … perhaps a seller’s market for now?

Michigan 196
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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. Their broad experience will be an asset to TNS as we cement our market leading position and build on our success.

Virginia 100
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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.”.