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MEMPHIS, Tenn.--(BUSINESS WIRE)--The Board of Directors of FedEx Corp. (NYSE: FDX) today approved an increase in the annual dividend rate on FedEx Corp. common stock of 5%, or $0.28 per share, to $5.80 per share for fiscal 2026 in line with the company’s continued focus on delivering stockholder value. The Board today also declared a quarterly cash dividend of $1.45 per share on FedEx Corp. common stock. The dividend is payable July 8, 2025 to stockholders of record at the close of business on...

TORONTO--(BUSINESS WIRE)--Postmedia Network Inc. (“Postmedia”) today announced the expansion of Postmedia Parcel Service, which will further connect Canadians across Newfoundland and Saskatchewan. This strategic growth builds on Postmedia’s existing parcel services in Nova Scotia, Prince Edward Island, New Brunswick and British Columbia, strengthening the company’s commitment to delivering reliable service to communities that are often underserved by traditional carriers. Postmedia Parcel Servi...

AUSTIN, Texas--(BUSINESS WIRE)--Skyways, a designer and manufacturer of long-range autonomous unmanned cargo aircraft systems, announced today it has received an award for a total amount of $37 million from the U.S. Air Force's (USAF) AFWERX to transition its existing V3 aircraft from prototype to full-rate production. With the funding, Skyways will continue building its autonomy stack, finalize the V3 production design and ramp up for mass manufacturing, targeting the deployment of thousands o...

MIRAMAR, Fla.--(BUSINESS WIRE)--AllClear Aerospace & Defense, a leading global distributor of critical aftermarket components for military aircraft, announced today the closing of a consensual restructuring among its financial stakeholders that will significantly deleverage the company’s balance sheet and provide an infusion of new funds by the Senior Lenders to support the company’s next phase of growth and profitability. As part of the transaction, majority ownership of the company will t...

SAN JOSE, Costa Rica--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (“LPA” or the “Company”) announced the execution of a new five-year U.S. dollar- denominated lease for 121,600 square feet of logistic space with a regional third-party logistics provider (3PL) at LPA Coyol 4 Logistic Park in San Jose, Costa Rica. This new agreement reflects approximately a 20% increase in the net effective rental rate, including common area maintenance fees, compared to the previous...

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $200 million aggregate principal amount of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 (the "Series 2 Notes") due June 6, 2055 (the "Offering"). Pembina intends to use the net proceeds of the Offering to fund the previously announced redemption of its outstanding Cumulative Redeemable Rate Res...

SAN FRANCISCO--(BUSINESS WIRE)--Kargo, a leader in industrial artificial intelligence (AI) technology, announced an $18.4 million investment led by Matter Venture Partners, with participation from previous investors Sozo Ventures and Founders Fund, as well as existing customers and new strategic investors Lineage and Armada Supply Chain Solutions, LLC. Kargo also announced the successful rollout of its computer vision solution at 240 Armada dock doors to automate inventory management across the...

MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R) Chairman & CEO Robert Sanchez to address Wells Fargo Industrials & Materials Conference. Who: Ryder System, Inc. Chairman & CEO Robert Sanchez What: Wells Fargo Industrials & Materials Conference When: Wednesday, June 11, 2025 Time: 8:45 a.m. CDT Webcast: To access the live webcast, visit http://investors.ryder.com. About Ryder System, Inc. Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transport...

MIAMI--(BUSINESS WIRE)--World Kinect Corporation (NYSE: WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.20 per share, an increase of approximately 18% over its previous dividend of $0.17 per share. The dividend is payable on July 16, 2025, to shareholders of record on June 17, 2025. “Over the past five years we have returned nearly $500 million to shareholders through dividends and share repurchases,” said Ira M. Birns, President and Chief Financial...

STERLING, Va.--(BUSINESS WIRE)--JK Moving Services was ranked as a top philanthropist in the DC metro region for its investments that help reduce hunger and protect the environment....