diff --git a/CHANGELOG-old.md b/CHANGELOG-old.md
index fa932b103615..da72626d86cf 100644
--- a/CHANGELOG-old.md
+++ b/CHANGELOG-old.md
@@ -19,6 +19,69 @@
 
 # Historical Changelog
 
+## [39.0.0](https://github.com/apache/arrow-rs/tree/39.0.0) (2023-05-05)
+
+[Full Changelog](https://github.com/apache/arrow-rs/compare/38.0.0...39.0.0)
+
+**Breaking changes:**
+
+- Allow creating unbuffered streamreader [\#4165](https://github.com/apache/arrow-rs/pull/4165) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([ming08108](https://github.com/ming08108))
+- Cleanup ChunkReader \(\#4118\) [\#4156](https://github.com/apache/arrow-rs/pull/4156) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
+- Remove Type from NativeIndex [\#4146](https://github.com/apache/arrow-rs/pull/4146) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
+- Don't Duplicate Offset Index on RowGroupMetadata [\#4142](https://github.com/apache/arrow-rs/pull/4142) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
+- Return BooleanBuffer from BooleanBufferBuilder [\#4140](https://github.com/apache/arrow-rs/pull/4140) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- Cleanup CSV schema inference \(\#4129\) \(\#4130\) [\#4133](https://github.com/apache/arrow-rs/pull/4133) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- Remove deprecated parquet ArrowReader [\#4125](https://github.com/apache/arrow-rs/pull/4125) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
+- refactor: construct `StructArray` w/ `FieldRef` [\#4116](https://github.com/apache/arrow-rs/pull/4116) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([crepererum](https://github.com/crepererum))
+- Ignore Field Metadata in equals\_datatype for Dictionary, RunEndEncoded, Map and Union [\#4111](https://github.com/apache/arrow-rs/pull/4111) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
+- Add StructArray Constructors \(\#3879\) [\#4064](https://github.com/apache/arrow-rs/pull/4064) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+
+**Implemented enhancements:**
+
+- Release 39.0.0 of arrow/arrow-flight/parquet/parquet-derive \(next release after 38.0.0\) [\#4170](https://github.com/apache/arrow-rs/issues/4170) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)]
+- Fixed point decimal multiplication for DictionaryArray [\#4135](https://github.com/apache/arrow-rs/issues/4135) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Remove Seek Requirement from CSV ReaderBuilder [\#4130](https://github.com/apache/arrow-rs/issues/4130) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Inconsistent CSV Inference and Parsing DateTime Handling [\#4129](https://github.com/apache/arrow-rs/issues/4129) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Support accessing ipc Reader/Writer inner by reference [\#4121](https://github.com/apache/arrow-rs/issues/4121)
+- Add Type Declarations for All Primitive Tensors and Buffer Builders [\#4112](https://github.com/apache/arrow-rs/issues/4112) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Support `Interval + Timestamp` and `Interval + Date` in addition to `Timestamp + Interval` and `Interval + Date` [\#4094](https://github.com/apache/arrow-rs/issues/4094) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Enable setting FlightDescriptor on FlightDataEncoderBuilder [\#3855](https://github.com/apache/arrow-rs/issues/3855) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)]
+
+**Fixed bugs:**
+
+- Parquet Page Index Reader Assumes Consecutive Offsets [\#4149](https://github.com/apache/arrow-rs/issues/4149) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)]
+- Equality of nested data types [\#4110](https://github.com/apache/arrow-rs/issues/4110) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+
+**Documentation updates:**
+
+- Improve Documentation of Parquet ChunkReader [\#4118](https://github.com/apache/arrow-rs/issues/4118)
+
+**Closed issues:**
+
+- add specific error log for empty JSON array [\#4105](https://github.com/apache/arrow-rs/issues/4105) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+
+**Merged pull requests:**
+
+- Prep for 39.0.0 [\#4171](https://github.com/apache/arrow-rs/pull/4171) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([iajoiner](https://github.com/iajoiner))
+- Support Compression in parquet-fromcsv [\#4160](https://github.com/apache/arrow-rs/pull/4160) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([suxiaogang223](https://github.com/suxiaogang223))
+- feat: support bitwise shift left/right with scalars [\#4159](https://github.com/apache/arrow-rs/pull/4159) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
+- Cleanup reading page index \(\#4149\) \(\#4090\) [\#4151](https://github.com/apache/arrow-rs/pull/4151) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
+- feat: support `bitwise` shift left/right [\#4148](https://github.com/apache/arrow-rs/pull/4148) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Weijun-H](https://github.com/Weijun-H))
+- Don't hardcode port in FlightSQL tests [\#4145](https://github.com/apache/arrow-rs/pull/4145) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([tustvold](https://github.com/tustvold))
+- Better flight SQL example codes [\#4144](https://github.com/apache/arrow-rs/pull/4144) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([sundy-li](https://github.com/sundy-li))
+- chore: clean the code by using `as_primitive` [\#4143](https://github.com/apache/arrow-rs/pull/4143) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Weijun-H](https://github.com/Weijun-H))
+- docs: fix the wrong ln command in CONTRIBUTING.md [\#4139](https://github.com/apache/arrow-rs/pull/4139) ([SteveLauC](https://github.com/SteveLauC))
+- Infer Float64 for JSON Numerics Beyond Bounds of i64 [\#4138](https://github.com/apache/arrow-rs/pull/4138) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([SteveLauC](https://github.com/SteveLauC))
+- Support fixed point multiplication for DictionaryArray of Decimals [\#4136](https://github.com/apache/arrow-rs/pull/4136) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([viirya](https://github.com/viirya))
+- Make arrow\_json::ReaderBuilder method names consistent [\#4128](https://github.com/apache/arrow-rs/pull/4128) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- feat: add get\_{ref, mut} to arrow\_ipc Reader and Writer [\#4122](https://github.com/apache/arrow-rs/pull/4122) ([sticnarf](https://github.com/sticnarf))
+- feat: support `Interval` + `Timestamp` and `Interval` + `Date` [\#4117](https://github.com/apache/arrow-rs/pull/4117) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Weijun-H](https://github.com/Weijun-H))
+- Support NullArray in JSON Reader [\#4114](https://github.com/apache/arrow-rs/pull/4114) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([jiangzhx](https://github.com/jiangzhx))
+- Add Type Declarations for All Primitive Tensors and Buffer Builders [\#4113](https://github.com/apache/arrow-rs/pull/4113) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
+- Update regex-syntax requirement from 0.6.27 to 0.7.1 [\#4107](https://github.com/apache/arrow-rs/pull/4107) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([dependabot[bot]](https://github.com/apps/dependabot))
+- feat: set FlightDescriptor on FlightDataEncoderBuilder [\#4101](https://github.com/apache/arrow-rs/pull/4101) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([Weijun-H](https://github.com/Weijun-H))
+- optimize cast for same decimal type and same scale [\#4088](https://github.com/apache/arrow-rs/pull/4088) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([liukun4515](https://github.com/liukun4515))
+
 ## [38.0.0](https://github.com/apache/arrow-rs/tree/38.0.0) (2023-04-21)
 
 [Full Changelog](https://github.com/apache/arrow-rs/compare/37.0.0...38.0.0)
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 023a65941947..9b6e88f30c15 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -19,68 +19,47 @@
 
 # Changelog
 
-## [39.0.0](https://github.com/apache/arrow-rs/tree/39.0.0) (2023-05-05)
+## [40.0.0](https://github.com/apache/arrow-rs/tree/40.0.0) (2023-05-19)
 
-[Full Changelog](https://github.com/apache/arrow-rs/compare/38.0.0...39.0.0)
+[Full Changelog](https://github.com/apache/arrow-rs/compare/39.0.0...40.0.0)
 
 **Breaking changes:**
 
-- Allow creating unbuffered streamreader [\#4165](https://github.com/apache/arrow-rs/pull/4165) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([ming08108](https://github.com/ming08108))
-- Cleanup ChunkReader \(\#4118\) [\#4156](https://github.com/apache/arrow-rs/pull/4156) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
-- Remove Type from NativeIndex [\#4146](https://github.com/apache/arrow-rs/pull/4146) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
-- Don't Duplicate Offset Index on RowGroupMetadata [\#4142](https://github.com/apache/arrow-rs/pull/4142) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
-- Return BooleanBuffer from BooleanBufferBuilder [\#4140](https://github.com/apache/arrow-rs/pull/4140) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
-- Cleanup CSV schema inference \(\#4129\) \(\#4130\) [\#4133](https://github.com/apache/arrow-rs/pull/4133) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
-- Remove deprecated parquet ArrowReader [\#4125](https://github.com/apache/arrow-rs/pull/4125) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
-- refactor: construct `StructArray` w/ `FieldRef` [\#4116](https://github.com/apache/arrow-rs/pull/4116) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([crepererum](https://github.com/crepererum))
-- Ignore Field Metadata in equals\_datatype for Dictionary, RunEndEncoded, Map and Union [\#4111](https://github.com/apache/arrow-rs/pull/4111) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
-- Add StructArray Constructors \(\#3879\) [\#4064](https://github.com/apache/arrow-rs/pull/4064) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- Prefetch page index \(\#4090\) [\#4216](https://github.com/apache/arrow-rs/pull/4216) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
+- Add RecordBatchWriter trait and implement it for CSV, JSON, IPC and P… [\#4206](https://github.com/apache/arrow-rs/pull/4206) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([alexandreyc](https://github.com/alexandreyc))
+- Remove powf\_scalar kernel [\#4187](https://github.com/apache/arrow-rs/pull/4187) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- Allow format specification in cast [\#4169](https://github.com/apache/arrow-rs/pull/4169) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([parthchandra](https://github.com/parthchandra))
 
 **Implemented enhancements:**
 
-- Release 39.0.0 of arrow/arrow-flight/parquet/parquet-derive \(next release after 38.0.0\) [\#4170](https://github.com/apache/arrow-rs/issues/4170) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)]
-- Fixed point decimal multiplication for DictionaryArray [\#4135](https://github.com/apache/arrow-rs/issues/4135) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
-- Remove Seek Requirement from CSV ReaderBuilder [\#4130](https://github.com/apache/arrow-rs/issues/4130) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
-- Inconsistent CSV Inference and Parsing DateTime Handling [\#4129](https://github.com/apache/arrow-rs/issues/4129) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
-- Support accessing ipc Reader/Writer inner by reference [\#4121](https://github.com/apache/arrow-rs/issues/4121)
-- Add Type Declarations for All Primitive Tensors and Buffer Builders [\#4112](https://github.com/apache/arrow-rs/issues/4112) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
-- Support `Interval + Timestamp` and `Interval + Date` in addition to `Timestamp + Interval` and `Interval + Date` [\#4094](https://github.com/apache/arrow-rs/issues/4094) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
-- Enable setting FlightDescriptor on FlightDataEncoderBuilder [\#3855](https://github.com/apache/arrow-rs/issues/3855) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)]
+- ObjectStore with\_url Should Handle Path [\#4199](https://github.com/apache/arrow-rs/issues/4199)
+- Support `Interval` +/- `Interval` [\#4178](https://github.com/apache/arrow-rs/issues/4178) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- \[parquet\] add compression info to `print_column_chunk_metadata()` [\#4172](https://github.com/apache/arrow-rs/issues/4172) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)]
+- Allow cast to take in a format specification [\#4168](https://github.com/apache/arrow-rs/issues/4168) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Support extended pow arithmetic [\#4166](https://github.com/apache/arrow-rs/issues/4166) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Preload page index for async ParquetObjectReader [\#4090](https://github.com/apache/arrow-rs/issues/4090) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)]
 
 **Fixed bugs:**
 
-- Parquet Page Index Reader Assumes Consecutive Offsets [\#4149](https://github.com/apache/arrow-rs/issues/4149) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)]
-- Equality of nested data types [\#4110](https://github.com/apache/arrow-rs/issues/4110) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
-
-**Documentation updates:**
-
-- Improve Documentation of Parquet ChunkReader [\#4118](https://github.com/apache/arrow-rs/issues/4118)
-
-**Closed issues:**
-
-- add specific error log for empty JSON array [\#4105](https://github.com/apache/arrow-rs/issues/4105) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
+- Subtracting `Timestamp` from `Timestamp`  should produce a `Duration` \(not `Timestamp`\)  [\#3964](https://github.com/apache/arrow-rs/issues/3964) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)]
 
 **Merged pull requests:**
 
-- Prep for 39.0.0 [\#4171](https://github.com/apache/arrow-rs/pull/4171) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([iajoiner](https://github.com/iajoiner))
-- Support Compression in parquet-fromcsv [\#4160](https://github.com/apache/arrow-rs/pull/4160) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([suxiaogang223](https://github.com/suxiaogang223))
-- feat: support bitwise shift left/right with scalars [\#4159](https://github.com/apache/arrow-rs/pull/4159) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
-- Cleanup reading page index \(\#4149\) \(\#4090\) [\#4151](https://github.com/apache/arrow-rs/pull/4151) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([tustvold](https://github.com/tustvold))
-- feat: support `bitwise` shift left/right [\#4148](https://github.com/apache/arrow-rs/pull/4148) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Weijun-H](https://github.com/Weijun-H))
-- Don't hardcode port in FlightSQL tests [\#4145](https://github.com/apache/arrow-rs/pull/4145) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([tustvold](https://github.com/tustvold))
-- Better flight SQL example codes [\#4144](https://github.com/apache/arrow-rs/pull/4144) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([sundy-li](https://github.com/sundy-li))
-- chore: clean the code by using `as_primitive` [\#4143](https://github.com/apache/arrow-rs/pull/4143) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Weijun-H](https://github.com/Weijun-H))
-- docs: fix the wrong ln command in CONTRIBUTING.md [\#4139](https://github.com/apache/arrow-rs/pull/4139) ([SteveLauC](https://github.com/SteveLauC))
-- Infer Float64 for JSON Numerics Beyond Bounds of i64 [\#4138](https://github.com/apache/arrow-rs/pull/4138) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([SteveLauC](https://github.com/SteveLauC))
-- Support fixed point multiplication for DictionaryArray of Decimals [\#4136](https://github.com/apache/arrow-rs/pull/4136) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([viirya](https://github.com/viirya))
-- Make arrow\_json::ReaderBuilder method names consistent [\#4128](https://github.com/apache/arrow-rs/pull/4128) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
-- feat: add get\_{ref, mut} to arrow\_ipc Reader and Writer [\#4122](https://github.com/apache/arrow-rs/pull/4122) ([sticnarf](https://github.com/sticnarf))
-- feat: support `Interval` + `Timestamp` and `Interval` + `Date` [\#4117](https://github.com/apache/arrow-rs/pull/4117) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Weijun-H](https://github.com/Weijun-H))
-- Support NullArray in JSON Reader [\#4114](https://github.com/apache/arrow-rs/pull/4114) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([jiangzhx](https://github.com/jiangzhx))
-- Add Type Declarations for All Primitive Tensors and Buffer Builders [\#4113](https://github.com/apache/arrow-rs/pull/4113) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
-- Update regex-syntax requirement from 0.6.27 to 0.7.1 [\#4107](https://github.com/apache/arrow-rs/pull/4107) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([dependabot[bot]](https://github.com/apps/dependabot))
-- feat: set FlightDescriptor on FlightDataEncoderBuilder [\#4101](https://github.com/apache/arrow-rs/pull/4101) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([Weijun-H](https://github.com/Weijun-H))
-- optimize cast for same decimal type and same scale [\#4088](https://github.com/apache/arrow-rs/pull/4088) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([liukun4515](https://github.com/liukun4515))
+- Arrow Arithmetic: Subtract timestamps [\#4244](https://github.com/apache/arrow-rs/pull/4244) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([mr-brobot](https://github.com/mr-brobot))
+- Update proc-macro2 requirement from =1.0.57 to =1.0.58 [\#4236](https://github.com/apache/arrow-rs/pull/4236) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([dependabot[bot]](https://github.com/apps/dependabot))
+- Fix Nightly Clippy Lints [\#4233](https://github.com/apache/arrow-rs/pull/4233) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- Minor: use all primitive types in test\_layouts [\#4229](https://github.com/apache/arrow-rs/pull/4229) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
+- Add close method to RecordBatchWriter trait [\#4228](https://github.com/apache/arrow-rs/pull/4228) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([alexandreyc](https://github.com/alexandreyc))
+- Update proc-macro2 requirement from =1.0.56 to =1.0.57 [\#4219](https://github.com/apache/arrow-rs/pull/4219) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] [[arrow-flight](https://github.com/apache/arrow-rs/labels/arrow-flight)] ([dependabot[bot]](https://github.com/apps/dependabot))
+- Feat docs [\#4215](https://github.com/apache/arrow-rs/pull/4215) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([Folyd](https://github.com/Folyd))
+- feat: Support bitwise and boolean aggregate functions [\#4210](https://github.com/apache/arrow-rs/pull/4210) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
+- Document how to sort a RecordBatch [\#4204](https://github.com/apache/arrow-rs/pull/4204) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- Fix incorrect cast Timestamp with Timezone [\#4201](https://github.com/apache/arrow-rs/pull/4201) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([aprimadi](https://github.com/aprimadi))
+- Add implementation of `RecordBatchReader` for CSV reader [\#4195](https://github.com/apache/arrow-rs/pull/4195) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([alexandreyc](https://github.com/alexandreyc))
+- Add Sliced ListArray test \(\#3748\) [\#4186](https://github.com/apache/arrow-rs/pull/4186) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([tustvold](https://github.com/tustvold))
+- refactor: simplify can\_cast\_types code. [\#4185](https://github.com/apache/arrow-rs/pull/4185) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([jackwener](https://github.com/jackwener))
+- Minor: support new types in struct\_builder.rs [\#4177](https://github.com/apache/arrow-rs/pull/4177) [[arrow](https://github.com/apache/arrow-rs/labels/arrow)] ([izveigor](https://github.com/izveigor))
+- feat: add compression info to print\_column\_chunk\_metadata\(\) [\#4176](https://github.com/apache/arrow-rs/pull/4176) [[parquet](https://github.com/apache/arrow-rs/labels/parquet)] ([SteveLauC](https://github.com/SteveLauC))
 
 
 
diff --git a/Cargo.toml b/Cargo.toml
index 1b3a76db9ae5..bf311bd05edc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -61,7 +61,7 @@ exclude = [
 ]
 
 [workspace.package]
-version = "39.0.0"
+version = "40.0.0"
 homepage = "https://github.com/apache/arrow-rs"
 repository = "https://github.com/apache/arrow-rs"
 authors = ["Apache Arrow <dev@arrow.apache.org>"]
@@ -76,18 +76,18 @@ edition = "2021"
 rust-version = "1.62"
 
 [workspace.dependencies]
-arrow = { version = "39.0.0", path = "./arrow", default-features = false }
-arrow-arith = { version = "39.0.0", path = "./arrow-arith" }
-arrow-array = { version = "39.0.0", path = "./arrow-array" }
-arrow-buffer = { version = "39.0.0", path = "./arrow-buffer" }
-arrow-cast = { version = "39.0.0", path = "./arrow-cast" }
-arrow-csv = { version = "39.0.0", path = "./arrow-csv" }
-arrow-data = { version = "39.0.0", path = "./arrow-data" }
-arrow-ipc = { version = "39.0.0", path = "./arrow-ipc" }
-arrow-json = { version = "39.0.0", path = "./arrow-json" }
-arrow-ord = { version = "39.0.0", path = "./arrow-ord" }
-arrow-row = { version = "39.0.0", path = "./arrow-row" }
-arrow-schema = { version = "39.0.0", path = "./arrow-schema" }
-arrow-select = { version = "39.0.0", path = "./arrow-select" }
-arrow-string = { version = "39.0.0", path = "./arrow-string" }
-parquet = { version = "39.0.0", path = "./parquet", default-features = false }
+arrow = { version = "40.0.0", path = "./arrow", default-features = false }
+arrow-arith = { version = "40.0.0", path = "./arrow-arith" }
+arrow-array = { version = "40.0.0", path = "./arrow-array" }
+arrow-buffer = { version = "40.0.0", path = "./arrow-buffer" }
+arrow-cast = { version = "40.0.0", path = "./arrow-cast" }
+arrow-csv = { version = "40.0.0", path = "./arrow-csv" }
+arrow-data = { version = "40.0.0", path = "./arrow-data" }
+arrow-ipc = { version = "40.0.0", path = "./arrow-ipc" }
+arrow-json = { version = "40.0.0", path = "./arrow-json" }
+arrow-ord = { version = "40.0.0", path = "./arrow-ord" }
+arrow-row = { version = "40.0.0", path = "./arrow-row" }
+arrow-schema = { version = "40.0.0", path = "./arrow-schema" }
+arrow-select = { version = "40.0.0", path = "./arrow-select" }
+arrow-string = { version = "40.0.0", path = "./arrow-string" }
+parquet = { version = "40.0.0", path = "./parquet", default-features = false }
diff --git a/dev/release/update_change_log.sh b/dev/release/update_change_log.sh
index 0b8ad7052838..299fa45d3584 100755
--- a/dev/release/update_change_log.sh
+++ b/dev/release/update_change_log.sh
@@ -29,8 +29,8 @@
 
 set -e
 
-SINCE_TAG="38.0.0"
-FUTURE_RELEASE="39.0.0"
+SINCE_TAG="39.0.0"
+FUTURE_RELEASE="40.0.0"
 
 SOURCE_DIR="$(cd "$(dirname "${BASH_SOURCE[0]}")" && pwd)"
 SOURCE_TOP_DIR="$(cd "${SOURCE_DIR}/../../" && pwd)"