Newsroom | 10467 results
Sorted by: Latest
-
ZCG-Backed Eppinger Technologies Appoints Heath Tilley as Chief Executive Officer
NEW YORK & DENKENDORF, Germany--(BUSINESS WIRE)--Eppinger Technologies (“Eppinger” or the “Company”), a global leader in high-precision tooling systems for advanced manufacturing, today announced the appointment of Heath Tilley as Chief Executive Officer. Eppinger is a portfolio company of ZCG Private Equity, the private equity arm of Z Capital Group, LLC (“ZCG”), a leading, privately held global firm. Mr. Tilley brings extensive experience leading private equity-backed industrial businesses th...
-
Knight-Swift Transportation Holdings Inc. Announces Pricing of Upsized $1.3 Billion Offering of Convertible Senior Notes
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the “Company” or “Knight-Swift”), one of North America’s largest and most diversified freight transportation companies, announced today the pricing of $1.3 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as...
-
Expeditors Announces Semi-Annual Cash Dividend of $0.81
BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced that on May 4, 2026 its Board of Directors declared a semi-annual cash dividend of $0.81 per share, payable on June 15, 2026 to shareholders of record as of June 1, 2026. “Since 2024, we have returned nearly $2 billion to shareholders in dividends and share repurchases,” said David A. Hackett, Senior Vice President and Chief Financial Officer. "In addition, in February of this year our Boa...
-
VSE Corporation Announces First Quarter 2026 Results
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, VSECU, "VSE", or the "Company"), a leading provider of aviation aftermarket distribution and repair services, announced today results for the first quarter 2026. FIRST QUARTER 2026 RESULTS (As compared to the First Quarter 2025)(1) Total Revenues of $324.6 million increased 26.8% GAAP Net Income of $29.1 million increased 108.0% GAAP EPS (Diluted) of $1.04 increased 55.2% Adjusted EBITDA(2) of $55.4 million increased 37.4% Adjusted...
-
Sentinel Midstream Advances Texas GulfLink Deepwater Port
DALLAS--(BUSINESS WIRE)--Sentinel Midstream LLC (Sentinel) today announced the commencement of its Texas GulfLink deepwater port (Texas GulfLink or the Project), marking a significant milestone enabled by funding received pursuant to the U.S.—Japan Trade Agreement. The project advances in coordination with the U.S. Department of Commerce and the Government of Japan and reflects the shared commitment to strengthening global energy security and expanding U.S. export infrastructure. Sentinel will...
-
Port Houston Launches ‘Anchored in Action Community-Investment Plan’
HOUSTON--(BUSINESS WIRE)--Port Houston today announced the launch of Anchored in Action, a new Community-Investment Plan designed to guide investment and partnerships in port-adjacent neighborhoods through a comprehensive, community-led roadmap. The plan is designed to strengthen quality of life near the Houston Ship Channel by bringing resident priorities, data, and collaboration opportunities into a single, coordinated framework. Developed through an extensive listening and engagement process...
-
Dorian LPG Ltd. Board of Directors Appoints Christopher J. Wiernicki as Class I Director
STAMFORD, Conn.--(BUSINESS WIRE)--The board of directors of Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG") unanimously appointed Christopher J. Wiernicki to serve as a Class I director effective immediately and increased the size of the Board from eight to nine directors. Mr. Wiernicki, age 67, has 40 years of marine and offshore expertise and is recognized internationally for transforming the American Bureau of Shipping (“ABS”) into a world leader in safety, risk management digita...
-
Somewear Labs Launches Horizon to Unlock Long-Range, Attritable Drone Communications
SAN FRANCISCO--(BUSINESS WIRE)--Somewear Labs, which enables critical communications for the world’s most important organizations through its software-defined network, today announced the release of Horizon, a multi-network radio purpose-built for long-range and attritable unmanned mission profiles. With Horizon, Somewear extends its edge networking position into the unmanned ecosystem, solving one of the hardest operational problems in modern autonomy: keeping unmanned systems controllable and...
-
Expeditors Reports First Quarter 2026 EPS of $1.71
BELLEVUE, Wash.--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NYSE:EXPD) today announced first quarter 2026 financial results including the following comparisons to the same quarter of 2025: Diluted Net Earnings Attributable to Shareholders per share (EPS1) increased 16% to $1.71 Net Earnings Attributable to Shareholders increased 13% to $230 million Operating Income increased 11% to $295 million Revenues increased 4% to $2.8 billion Airfreight tonnage increased 5% and ocean c...
-
U.S. Bank Freight Payment Index: Shipper Spending Surges Amid Modest Freight Volumes
MINNEAPOLIS--(BUSINESS WIRE)--Shipper spending rose sharply in the first quarter of 2026 as tightening capacity and a surge in diesel fuel prices pushed freight costs significantly higher, even as shipment volumes remained largely flat, according to the latest U.S. Bank Freight Payment Index. National shipment volume edged down 0.3% from the fourth quarter of 2025, while shipper spending jumped 12.9% over the same period. This was the largest quarter-over-quarter increase since late 2020. Compa...