Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering of $8.0 million for MingZhu Logistics Holdings Limited, a logistics and transportation service provider [1][3]. Group 1: Offering Details - The offering consists of 8,000,000 units, each unit comprising one ordinary share or a pre-funded warrant, and one common warrant, priced at $1.00 per unit [2]. - The pre-funded warrants have a purchase price equal to the ordinary shares minus the exercise price of $0.128 per share, while the warrants have an exercise price of $1.00 and will expire six months after issuance [2]. Group 2: Financial and Regulatory Information - The gross proceeds from the offering amount to approximately $8.0 million, with Univest Securities acting as the sole placement agent [3]. - The offering was conducted under a shelf registration statement previously filed and declared effective by the SEC on June 6, 2023 [4]. Group 3: Company Background - MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider, offering tailored logistics solutions through a combination of self-owned and subcontracted fleets [7]. - The company operates regional logistics terminals in Guangdong Province, enhancing its service delivery across the country [7]. Group 4: Univest Securities Overview - Univest Securities, LLC has been registered with FINRA since 1994 and provides a range of financial services, including investment banking and advisory [6]. - Since 2019, Univest has raised over $1.7 billion in capital for various issuers and completed approximately 100 transactions across multiple industries [6].

Company Overview - Ryder System, Inc. is a leading provider of logistics and transportation solutions, focusing on fleet management and supply chain sectors [6] - The company operates a diversified business model across three segments: Fleet Management Solutions, Supply Chain Solutions, and Dedicated Transportation Solutions [9] - Ryder generates revenue from leasing, rental, maintenance, and value-added logistics services, serving a broad customer base in North America and internationally [9] Financial Performance - As of November 14, 2025, Ryder's stock price was $170.49, with a market capitalization of $6.88 billion [4] - The company reported a revenue of $12.68 billion and a net income of $502 million for the trailing twelve months (TTM) [4] - Ryder's third-quarter earnings rose 2% year over year to $3.33 per share, marking the fourth consecutive quarter of earnings growth on a per-share basis [10] Recent Developments - HG Vora Capital Management, LLC sold 300,000 shares of Ryder, resulting in a $37.77 million decrease in the fund's position value, reducing its stake to 8.56% of reportable assets under management (AUM) [2][8] - Despite the sale, Ryder remains the fifth largest holding in HG Vora's portfolio, with a total of 335,000 shares valued at $63.19 million [2][8] - Ryder's stock has fallen by 9.6% since the end of September, underperforming the S&P 500 by 8.82 percentage points [7][8] Market Conditions - The freight market conditions have been challenging this year, yet Ryder has managed to grow its business [10] - Outsourcing logistics to companies like Ryder is increasingly attractive for smaller businesses that cannot manage their own fleets [11] - Ryder has maintained dividend payments for over 49 years, with a recent 12% increase in its payout to $0.81 per share, offering a yield of 2.1% at recent prices [11]

Core Viewpoint - MingZhu Logistics Holdings Limited is facing delisting from Nasdaq due to its stock price being below $1 for 30 consecutive business days, which violates Nasdaq Listing Rule 5550(a)(2) [1] Group 1: Delisting Notification - On October 20, 2025, Nasdaq notified MingZhu of the delisting determination due to non-compliance with the minimum bid price requirement [1] - The company is under a one-year monitoring period imposed by the Nasdaq Listing Qualifications Panel since May 20, 2025, which limits its ability to cure compliance issues [1] Group 2: Appeal Process - MingZhu has until October 27, 2025, to appeal the delisting determination to the hearing panel, which will temporarily suspend the delisting process during the appeal [2] Group 3: Compliance Options - The company is exploring various options to regain compliance, including the possibility of a reverse stock split [3] Group 4: Company Overview - MingZhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a professional trucking service provider with a focus on regional logistics solutions [4]

Core Viewpoint - The Zacks Transportation - Equipment and Leasing industry is facing a challenging macroeconomic environment characterized by persistent inflation, tariff-related tensions, and supply-chain disruptions, alongside geopolitical issues [1][5]. Industry Overview - The industry encompasses companies that provide equipment financing, leasing, and supply-chain management services, including aircraft, railcar, and intermodal container lessors. It also includes logistics and transportation solutions for a diverse customer base, primarily in automotive, electronics, transportation, grocery, lumber, food service, and home furnishing sectors [3]. Financial Performance and Shareholder Returns - Companies like Wabtec Corporation and Ryder System are noted for their shareholder-friendly initiatives, such as dividend payouts and share buybacks, indicating strong financial health. Ryder recently approved a 12% dividend increase, raising its quarterly cash dividend to 91 cents per share, while Wabtec announced a 25% increase, raising its quarterly cash dividend from 20 cents to 25 cents [2][4]. Economic Challenges - The industry is grappling with ongoing tariff tensions and inflation, which contribute to economic uncertainty and may hinder stock performance. Supply-chain disruptions and rising operating costs are also limiting growth potential [5][6]. Industry Ranking and Performance - The Zacks Transportation - Equipment and Leasing industry holds a Zacks Industry Rank of 75, placing it in the top 31% of over 250 Zacks industries. However, it has underperformed compared to the S&P 500 and the broader sector over the past year, declining 18.4% against the S&P 500's increase of 18.7% [7][9][10]. Current Valuation - The industry is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 13.99X, which is lower than the S&P 500's 23.52X and the sector's 13.84X. Historically, the industry has traded between 8.42X and 15.65X over the past five years [13]. Notable Companies to Watch - **Wabtec Corporation**: Focused on technology-based locomotives and services, Wabtec has shown strong earnings performance, with a 17.6% expected earnings growth rate for 2025 [17][19]. - **Ryder System**: A logistics and transportation company with a long history of dividend payments, Ryder has an expected earnings growth rate of 9.3% for 2025 [22][23]. - **The Greenbrier Companies**: Specializing in railroad freight car equipment, Greenbrier has a notable earnings surprise history and an expected earnings growth rate of 33.1% for 2025 [26][28].

Industry Overview - The Zacks Transportation - Equipment and Leasing industry is facing a challenging macroeconomic environment characterized by persistent inflation, tariff-related tensions, and supply-chain disruptions, along with geopolitical issues [1] - The industry has underperformed compared to the Zacks S&P 500 Composite and the broader Zacks Transportation sector, gaining only 1.8% over the past three months, while the S&P 500 increased by 10.1% and the broader sector rose by 3.3% [2] Company Highlights - Companies like The Greenbrier Companies, Ryder Corporation, and Air Lease Corporation are noted for their solid investor-friendly initiatives, including consistent dividend payouts and share buybacks, indicating strong financial health [3][7] - Dividend growth stocks are typically mature companies that provide downside protection against market volatility, supported by strong fundamentals such as sustainable business models, profitability, rising cash flows, good liquidity, and strong balance sheets [4] Stock Selection Criteria - A dividend payout ratio of less than 60% is considered sustainable, indicating a healthy balance between earnings and dividends [8] - A dividend yield greater than 1% is preferred, with selected stocks showing dividend growth over the past five years and carrying a Zacks Rank of 3 (Hold) or better [9] Company Specifics Greenbrier Companies (GBX) - Headquartered in Lake Oswego, OR, Greenbrier has a market capitalization of $1.50 billion and pays a quarterly dividend of $0.32, yielding 2.72% [10] - The company's payout ratio is 18%, with a five-year dividend growth rate of 3.47% [10] - In 2022, Greenbrier paid $35.8 million in dividends and repurchased no shares; in 2023, it paid $36.1 million in dividends and repurchased $56.9 million; in 2024, dividends were $38.4 million with $1.3 million in share repurchases [12] Ryder Corporation (R) - Based in Coral Gables, FL, Ryder has a market capitalization of $7.64 billion and pays a quarterly dividend of $0.91, yielding 1.94% [13] - The payout ratio is 26%, with a five-year dividend growth rate of 9.47% [13] - Ryder returned $123 million in dividends and $557 million in share repurchases in 2022; in 2023, it paid $128 million in dividends and repurchased $337 million; in 2024, it returned $456 million to shareholders [14] Air Lease Corporation (AL) - Headquartered in Los Angeles, CA, Air Lease has a market capitalization of $6.76 billion and pays a quarterly dividend of $0.22, yielding 1.45% [15][16] - The payout ratio is 17%, with a five-year dividend growth rate of 8.34% [16]