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Faraday Future Announces Strategic Upgrade into Robotaxi and EAI Cabin Technology Operator and Physical AI Investment Holding Company; To Combine Its Robotics Business at Approx. $200 Million Valuation with AIxC (soon FFR) for a Standalone Listing
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a California-based global EAI ecosystem company, today announced two major strategic business upgrades and value-restructuring initiatives, together with the latest execution progress and key breakthroughs: 1. To become a Physical AI investment, incubation, and holding company and bring its robotics business into AIxC, which is expected to be renamed FFR; 2. Upgrade i...
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OCTO Telematics Launches New Telematics Solutions for Commercial Lines Insurance and Partners with TruckerCloud to Expand Data and Insights
BOSTON & ATLANTA--(BUSINESS WIRE)--OCTO, a global leader in telematics data analytics, and TruckerCloud, the leading commercial auto insurance telematics data platform, today announced a strategic partnership to accelerate telematics adoption across the US Commercial Auto market. Concurrently, OCTO is launching a line of high-granularity, in-vehicle installed telematics solutions purpose-built for Commercial Insurers. OCTO’s hardware delivers accurate DriveAbility® risk scoring, already approve...
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Surf Air Mobility Appoints Jason Secore as Chief Financial Officer
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or the “Company”), a leading air mobility platform, today announced the appointment of Jason Secore as Chief Financial Officer, effective September 30, 2026. Mr. Secore brings 18 years of finance leadership experience across aviation, aerospace, and technology companies. He has served as Chief Financial Officer of Matternet, a full-stack autonomous aviation technology company integrating aircraft, software, a...
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Fastenal Company Announces Conference Call to Review 2026 Third Quarter Earnings
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) ('Fastenal,' 'we,' 'our,' or 'us') announced the date and time for its conference call to review 2026 third quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Wednesday, October 14, 2026, at 9:00 a.m. central time.To access the call, please visit the following Web address:https://investor.fastenal.com/events.cfmOur conference call presentation (which includes information, s...
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Borealis Trains Reach Half-Million Customer Milestone
ST. PAUL, Minn. & CHICAGO--(BUSINESS WIRE)--Amtrak and the partner states of Wisconsin, Minnesota and Illinois are reporting strong customer demand for the Borealis trains between St. Paul and Chicago: more than 500,000 guests have ridden the daily train since service began May of 2024. Ridership for all Amtrak trains on St. Paul-Chicago corridor since May 21, 2024, is more than 2.2 million, including the Borealis, multiple state-sponsored Amtrak Hiawatha Service trains daily between Milwaukee...
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Avolon Agrees Sale of 33-Aircraft Portfolio to Lesha Bank
DUBLIN & DOHA, Qatar--(BUSINESS WIRE)--Avolon, a leading global aviation finance company, and Lesha Bank LLC (Public), today announced an agreement for the sale and purchase of a portfolio of 33 aircraft. The transaction comprises a diversified portfolio of commercial aircraft on lease to 25 airlines globally. The transaction represents a significant milestone in the development of the relationship between Avolon and Lesha Bank. It also demonstrates the depth of institutional capital seeking ex...
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Comstock Issues Statement Regarding Favorable Summary Judgment in Town of Herndon Litigation
RESTON, Va.--(BUSINESS WIRE)--Comstock Issues Statement Regarding Favorable Summary Judgment in Town of Herndon Litigation...
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Corporación América Airports Announces Issuance of Administrative Decision Approving the Rebalancing of the Concession Agreement in Argentina
LUXEMBOURG--(BUSINESS WIRE)--Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”), one of the world’s leading private airport operators, announced today that, in order to address the increased capital investments requirements derived from the material recent passenger traffic growth, the Government of Argentina has issued an Administrative Decision in accordance with the prerogatives granted by Law 27,742 and Decree 713/2024 approving various changes to the terms of the con...
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ATSG Announces Agreement to Sell Omni Air International
WILMINGTON, Ohio--(BUSINESS WIRE)--Air Transport Services Group, Inc. (“ATSG” or “the Company”), a leading provider of aircraft leasing, air transportation, and aviation support solutions, today announced that it has entered into an agreement to sell Omni Air International (“Omni”), a provider of passenger ACMI and charter services, to OAI Holdings, LLC (“OAI”), a private company whose management team brings deep expertise in aviation. Financial terms of the transaction were not disclosed. Foun...
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eutecma Acquires Tempaid, Creating a Cold Chain Packaging Business That Spans Pallet to Parcel Across Europe, North America and Asia
MANNHEIM, Germany--(BUSINESS WIRE)--eutecma (or “the Company”), a German-based developer of sustainable, modular, and reusable temperature controlled packaging solutions for pharmaceutical cold chain shipments, today announced that it has acquired Tempaid, a North American temperature-controlled packaging company serving pharmaceutical, life sciences and healthcare organizations with validated thermal packaging solutions. Terms of the transaction were not disclosed. Since its founding in 2008,...