MingZhu Logistics: Jumps on trucking deal with Huawei Logistics

MingZhu Logistics Holdings

03/03/2021 18:32

** Shares of trucking service provider  YGMZ.O  surge 43.5%
to $12.2 in afternoon trading 
    ** Announces agreement with privately held Guangdong Huawei
Modern Logistics Co Ltd (Huawei Logistics) to provide its
trucking fleets and logistics expertise for crucial, integrated
link to and from Huawei Logistics' China Railway Express
operation (CRexpress)  urn:newsml:reuters.com:*:nPn594c7Ma
    ** Huawei Logistics, located in Guangdong Province, provides
China-Europe railway freight services
    ** YGMZ operates two regional terminals in Guangdong
Province and Xinjiang Autonomous Region, respectively, with both
self-owned fleets of tractors and trailers and subcontractors'
fleets 
    ** Shares down 16.3% for the year
    

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))