A Major Contract Awarded to MingZhu
MingZhu Logistics Holdings (Nasdaq: YGMZ) announced that its subsidiary Mingzhu Supply Chain has been awarded a major coal transport contract by Ruoqiang Tengyue Logistics. The contract, extending through March 20, 2030, involves providing approximately 300 trucks for coal transportation services.
Mingzhu Supply Chain, established in 2018, specializes in providing integrated logistics supply chain solutions focused on cost reduction and efficiency improvement. The contract partner, Ruoqiang Logistics, is known for connecting power plants and chemical factories with logistics solutions in the coal transportation industry.
MingZhu Logistics Holdings (Nasdaq: YGMZ) ha annunciato che la sua sussidiaria Mingzhu Supply Chain ha ricevuto un importante contratto per il trasporto di carbone da Ruoqiang Tengyue Logistics. Il contratto, valido fino al 20 marzo 2030, prevede la fornitura di circa 300 camion per i servizi di trasporto del carbone.
Mingzhu Supply Chain, fondata nel 2018, si specializza nella fornitura di soluzioni integrate di logistica e supply chain, con un focus sulla riduzione dei costi e sul miglioramento dell'efficienza. Il partner contrattuale, Ruoqiang Logistics, è noto per il suo ruolo nel connettere centrali elettriche e fabbriche chimiche con soluzioni logistiche nel settore del trasporto di carbone.
MingZhu Logistics Holdings (Nasdaq: YGMZ) anunció que su subsidiaria Mingzhu Supply Chain ha sido adjudicada un importante contrato de transporte de carbón por Ruoqiang Tengyue Logistics. El contrato, que se extiende hasta el 20 de marzo de 2030, implica proporcionar aproximadamente 300 camiones para los servicios de transporte de carbón.
Mingzhu Supply Chain, establecida en 2018, se especializa en ofrecer soluciones integradas de logística y cadena de suministro centradas en la reducción de costos y la mejora de la eficiencia. El socio del contrato, Ruoqiang Logistics, es conocido por conectar plantas de energía y fábricas químicas con soluciones logísticas en la industria del transporte de carbón.
밍주 물류 홀딩스 (Nasdaq: YGMZ)는 자회사인 밍주 공급망이 루오치앙 텐위 물류로부터 주요 석탄 운송 계약을 체결했다고 발표했습니다. 이 계약은 2030년 3월 20일까지 유효하며, 석탄 운송 서비스를 위해 약 300대의 트럭을 제공하는 내용을 포함합니다.
2018년에 설립된 밍주 공급망은 비용 절감과 효율성 향상에 중점을 둔 통합 물류 공급망 솔루션을 제공하는 전문 기업입니다. 계약 파트너인 루오치앙 물류는 석탄 운송 산업에서 발전소와 화학 공장을 물류 솔루션으로 연결하는 것으로 알려져 있습니다.
MingZhu Logistics Holdings (Nasdaq: YGMZ) a annoncé que sa filiale Mingzhu Supply Chain a remporté un important contrat de transport de charbon avec Ruoqiang Tengyue Logistics. Le contrat, qui s'étend jusqu'au 20 mars 2030, implique la fourniture d'environ 300 camions pour les services de transport de charbon.
Mingzhu Supply Chain, fondée en 2018, se spécialise dans la fourniture de solutions logistiques intégrées axées sur la réduction des coûts et l'amélioration de l'efficacité. Le partenaire contractuel, Ruoqiang Logistics, est connu pour relier les centrales électriques et les usines chimiques avec des solutions logistiques dans l'industrie du transport de charbon.
MingZhu Logistics Holdings (Nasdaq: YGMZ) gab bekannt, dass ihre Tochtergesellschaft Mingzhu Supply Chain einen bedeutenden Kohletransportvertrag von Ruoqiang Tengyue Logistics erhalten hat. Der Vertrag, der bis zum 20. März 2030 läuft, umfasst die Bereitstellung von etwa 300 Lastwagen für die Kohletransportdienste.
Mingzhu Supply Chain, gegründet im Jahr 2018, ist auf die Bereitstellung integrierter Logistik- und Lieferkettenlösungen spezialisiert, die auf Kostenreduzierung und Effizienzsteigerung abzielen. Der Vertragspartner, Ruoqiang Logistics, ist bekannt dafür, Kraftwerke und Chemiefabriken mit Logistiklösungen in der Kohletransportbranche zu verbinden.
- Secured long-term contract through 2030, ensuring stable revenue stream
- Large-scale deployment of approximately 300 trucks indicates significant contract value
- Partnership with established client in coal transportation industry strengthens market position
- Heavy capital investment likely required for 300-truck deployment
- Concentrated exposure to coal industry poses potential environmental and regulatory risks
Insights
This 5-year coal transportation contract represents a significant operational commitment for MingZhu Logistics, involving approximately 300 trucks dedicated to servicing Ruoqiang Logistics through March 2030.
The contract's extended duration provides substantial revenue visibility for MingZhu's subsidiary, creating a stable operational foundation in the competitive logistics sector. For context, dedicating 300 vehicles to a single client relationship demonstrates considerable scale, particularly for a company with MingZhu's market capitalization (
Ruoqiang's described financial stability as a "trusted partner" with "robust cash flow management" suggests reduced counterparty risk for MingZhu - a critical factor in long-term contract evaluation. This partnership connects MingZhu directly to the energy supply chain, providing services to power plants and chemical factories through Ruoqiang's existing relationships.
While financial terms remain undisclosed, preventing precise revenue projection, the contract's scale indicates material impact on MingZhu's operational capacity and utilization rates. The CEO's characterization of "financial benefits" and "remarkable momentum" suggests favorable terms, though specific margins remain unclear.
This agreement demonstrates MingZhu's ability to secure significant, multi-year commitments in industrial logistics - potentially strengthening their competitive positioning in a sector where stable, long-term contracts create operational leverage and improved fleet utilization.
SHENZHEN, China, March 21, 2025 (GLOBE NEWSWIRE) -- MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced Ruoqiang Tengyue Logistics Co., Ltd. (“Ruoqiang Logistics”) awarded a major coal transport contract to MingZhu’s subsidiary Shenzhen Yangang Mingzhu Supply Chain Management Co. (“Mingzhu Supply Chain”).
Under the contract, Mingzhu Supply Chain will provide coal transportation service to Ruoqiang Logistics through March 20, 2030. Ruoqiang Logistics contracted Mingzhu Supply Chain to provide approximately 300 trucks on the route during the contract period.
Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, “This victory highlights our ability to seamlessly support high-profile clients, delivering both financial benefits and reinforcing our market position. This success is driving remarkable momentum and growth for our company, while also serving as a significant milestone for our investors. It underscores our commitment to creating and maximizing value for all stakeholders.”
Mingzhu Supply Chain, a subsidiary of MingZhu, was founded in 2018. It provides integrated solutions to the logistics supply chain in order to reduce costs and increase efficiency.
Ruoqiang Logistics is a is a trusted partner in the coal transportation industry, specializing in connecting power plants and chemical factories with reliable and efficient logistics solutions. With a strong focus on operational excellence and customer satisfaction, Ruoqiang Logistics ensures seamless coordination and timely delivery of coal to support critical energy and industrial operations. One of its key strengths lies in its robust cash flow management, which allows it to maintain financial stability, invest in strategic partnerships, and deliver consistent value to both its clients and transportation partners.
About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit https://ir.szygmz.com/.
Forward-Looking Statements
The statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of the Company's products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission). For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company's relevant SEC filings for additional factors that may affect the Company's future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.
For further information, please contact.
MingZhu Logistics Holdings Limited:
Jingwei Zhang
Email: company@szygmz.com
Phone: +86 186-5937-1270
FAQ
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