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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. TFI, which includes truckload, less-than-truckload and logistics operations, reportedly generated revenue of approximately $4.1 and Canada. billion in 2019.

Virginia 267
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Alphabet-Owned Drone Co Fuels Expansion With Hiring

PYMNTS

The company wants to hire people to help it grow into new regions, help with the regulation of air delivery and find new business partners. . The company also posted listings for a chief pilot, engineers and operations managers. .

Virginia 125
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Local Governments Move In On Retail Vacancies

PYMNTS

Many municipalities are looking to help by proposing new uses for vacant retail sites, including a citywide initiative in Fairfax, Virginia called Activate Fairfax , where the Department of Economic Initiative is soliciting requests for interest in an abandoned Container Store location.

Retail 135
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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. Zirkel was the Chief Operating Officer of TabbedOut before joining TNS, a mobile payment app with CRM features for bars and restaurants.

Virginia 100
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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. There are another 120 workers slated to be let go in Michigan. “We Yet, in a competitive market, pay may matter.

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SoftBank Shares Slide Along With Ride-hailing Stocks

PYMNTS

Now that Uber and Lyft have both underperformed, analysts worry the appetite for large-growth, loss-operating companies may be thinning. Some companies think SoftBank’s tech fund will help with growth in the region. SoftBank shares climbed to a record high after it bought back 600 billion yen ($5.5 billion) shares.

Virginia 100
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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

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. New chains could quickly emerge regionally or nationally.”.