Benzinga | Mar 3, 2021 09:12AM EST

MingZhu Logistics Announces Cooperation With Guangdong Huawei Modern Logistics To Use MingZhu's Trucking Fleets To 'provide a crucial, integrated link to and from Huawei Logistics' CHINARAILWAYExpress operation'

SHENZHEN, China, March 3, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ:YGMZ), a leading trucking service provider, announced a significant new strategic cooperation with Guangdong Huawei Modern Logistics Co., Ltd ("Huawei Logistics"). The cooperation agreement will leverage MingZhu's trucking fleets and logistics expertise to provide a crucial, integrated link to and from Huawei Logistics' CHINARAILWAYExpress operation ("CRexpress").

Huawei Logistics, located in Guangdong Province, is a private enterprise that provides China-Europe railway freight services. In 2020, CRexpress launched 12,400 lines, and transported 1,135,000 twenty-foot equivalent unit containers ("TEUs") nationwide, representing year-on-year growth of 50% and 56%, respectively. (Source: www.gov.cn)

Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, "Huawei Logistics built CRexpress into an expansive transportation platform connecting the Greater Bay Area with other countries in Asia and Europe. This new cooperation agreement is aligned with our expansion strategy, as we seek to maximize the return of our core assets, while leveraging our expertise and leadership position. We expect this cooperation with Huawei Logistics, will further solidify MingZhu's role in helping to enable the rapid growth the country is undergoing by facilitating the cost effective, reliable transport of goods across long distances."

About MingZhu Logistics Holdings Limited (NASDAQ:YGMZ)

Founded in 2002, NASDAQ listed, Shenzhen, China based, MingZhu is 4A-grade trucking services provider, offering both network density and broad geographic coverage to meet customers' diverse transportation needs. The Company operates two regional terminals in Guangdong Province and Xinjiang Autonomous Region, respectively, with both self-owned fleets of tractors and trailers and subcontractors' fleets. More information about MingZhu can be found at: www.szygmz.com/en/