(MENAFN- GetNews) . 4A-Rated Professional Trucking Service Provider Serving Large and Growing Client Base in China.
. Employing a Combination of Self-Owned Fleet Tractors and Trailers as well as Subcontractors' Fleets.
. Customers Include Sizeable Logistics Companies, Freight Forwarders and Warehouse Operators in China.
. Plan to Acquire HOLDCO 36 in Transformational Business Combination.
. Recently Awarded a Major 1-Year Vehicle transport Contract from Sinotrans Logistics for Vehicle Transport.
. Partnered with Carbonomi Group to Build High-Performance Satellite-Based Intelligent Logistics Network.
MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) is a 4A-rated professional trucking service provider established in 2002 and headquartered in Shenzhen, China. YGMZ offers tailored solutions to clients to deliver their goods through a network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and also subcontractors' fleets.
YGMZ operates two regional terminals in Guangdong Province and Xinjiang Autonomous Region, respectively. YGMZ customers primarily include sizeable logistics companies, freight forwarders, and warehouse operators in The People's Republic of China.
YGMZ Plan to Acquire HOLDCO 36 in Transformational Business Combination
On September 12th YGMZ announced the acquisition of HOLDCO 36 in a transformational business combination.
For assets and projects being injected to YGMZ, parties are with explicit understanding that the projects contributed by HOLDCO 36 and their conditions may change but new projects are always being secured and developed to either be added or be replacing non-active ones. Initial business assets and operations for YGMZ being acquired are expected to include:
Green Fuel Smart Trading Platform: A comprehensive global distribution platform for biofuels, natural gas, hydrogen-based fuels, methanol, and related equipment. This platform aims to establish itself as the OPEC of green biofuels, facilitating the trade and distribution of sustainable fuel sources worldwide.
EPC+O: Engineering, Procurement, Construction, and Operations for biomass energy, and new energy systems such as wind, solar, storage, hydrogen, and ammonia EPC engineering productions systems. Using the existing ECaaS to provide distributed biomass "carbon-electricity-biomass energy" co-generation solutions. The business provides wind, solar, storage, green hydrogen, and green ammonia and green fuel EPC consulting services to clients in Americas, Asia, Africa and Europe.
Power Leasing and Energy: Developed an intelligent financial service platform for sales and lease financing for green and lightweight vessels, maritime equipment and lightweight materials for vessels.
Digital Energy Services Segment for the Steel Industry: Innovating a smart virtual power plant for closed-loop virtual scenarios targeting steel mills worldwide, supporting local distributed energy operations and usage. Managing national zero-carbon industrial parks for the steel industry and voluntary carbon reduction, which provides carbon credit, supply chain carbon verification, green certificate trading and verification.
Major Contract Awarded to YGMZ Subsidiary from Sinotrans Logistics for Vehicle Transport
On July 10th YGMZ announced Sinotrans Logistics Northwest Co., Ltd. ( awarded a major 1-year vehicle transport contract to YGMZ subsidiary Shanghai Feipeng Supply Chain Management Co., Ltd.
Under the contract, YGMZ will provide automobile transportation service to Sinotrans Logistics through June 2025. YGMZ will be transporting new energy commercial vehicles for Sinotrans Logistics from its customer Zhejiang Geely Holding Group Co., Ltd.'s nationwide factory to agreed-upon destinations across China. Sinotrans Logistics contracted YGMZ to initially provide 100 trucks on the route during the contract period.
Feipeng Logistics, a subsidiary of YGMZ, provides integrated solutions to the logistics supply chain that reduce costs and increase efficiency. Feipeng Logistics is based in China's Xinjiang Autonomous Region, a strategically important location for manufacturing and commerce.
Sinotrans Logistics Co., Ltd. is the flagship of the contract logistics sector of Sinotrans Co., Ltd., a unified operating platform for the development of modern logistics business by China Merchants Group Co., Ltd., and is also one of the largest contract logistics companies in China. Sinotrans Logistics operates five business platforms: international supply chain, automobile transport, smart warehousing, multimodal transport and supply chain finance, focusing on the“5+1” industry fields of pan-consumer goods, technology electronics, medical health, automobile and industrial manufacturing, new retail and special logistics. It has carried out in-depth and extensive cooperation with many Fortune 500 customers and government agencies such as Procter & Gamble, Mobil, GE, Philips, Mars, Nestlé, Metro, Kimberly-Clark, BLACKWOODS, Kmart, etc., and has won widespread praise from customers.
YGMZ Partners with Carbonomi Group to Build High-Performance Satellite-Based Intelligent Logistics Network
On May 17th YGMZ announced it will partner with Carbonomi Trust, a leading investor in energy transition-related technologies and companies including satellite-based communication and IoT infrastructure. The strategic partners will leverage their respective expertise and resources to build a high-performance satellite-based intelligent logistics network primarily targeting business and enterprise users, with fixed site and mobile coverage.
In partnering together, YGMZ and Carbonomi noted the critical need for reliable coverage across the supply chain to integrate AI and monitor IoT devices. Companies that fail to establish real-time connections and collaboration with their employees and customers are at a competitive disadvantage during this period of historical change and opportunity for the future development and reshaping of the global supply chain.
Under the partnership YGMZ and Carbonomi plan initially to address:
1. Satellite-Based Logistics Communication and Settlement Capability: Adopting the ubiquitous communication link of virtual satellites, as well as the settlement network of commodity trading and supply chain and related digital banks, build an intelligent logistics system integrating air and land, and bring the logistics industry into the era of air-ground integration and ubiquitous intelligent Internet of Things.
2. Physical Internet-Based Logistics Technology Capability: The objective is to establish a Physical Internet framework, commencing with the macro concept and descending to the micro level. This entails leveraging“digitization + intelligence” through logistics technology to empower a systematic, scientific model tailored around the distinctive characteristics of logistics enterprises, including multi-projects, multi-scenarios, long chains, and cross-layers. By segmenting closed-loop scenarios, YGMZ aims to address the prevalent challenges within the industry and cultivate a robust Physical Internet ecosystem within the logistics sector.
3. Green Logistics-related Financialization Product Development: The digitization of logistics will lead to the creation of digital assets, representing a novel production factor. These assets can be incorporated into a digital assets table and traded within the digital assets market. This transformation underscores the evolving nature of logistics, where intangible assets hold tangible value and contribute significantly to the economy.
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