Logistics Stock Finds Premarket Success Following Strategic Partnership Announcement
A China-based logistics company is turning heads already during Wednesday's premarket hours after it was announced that the company has reached a strategic partnership with Soradynamics Inc., introducing an innovative in-vehicle drone logistics system to reshape the last mile delivery in the United States, according to a release from this morning.
Traders rushed to snatch up shares of New Century Logistics (BVI) Limited (Nasdaq:NCEW), with the micro cap currently bid up at $3.50/share (+56.95% implied open for sellers) at the time of writing. This move will be a massive continuation of the success this tock has had since March.
New Century Logistics is a well-established freight forwarding service provider founded and based in Hong Kong. We provide air and ocean export and import freight forwarding services ranging from the sale of cargo space, cargo pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance to cargo handling at ports. Since our inception, we have offered routes to over 140 countries to our customers. We have a robust network that works closely with well-established agents to manage both incoming and outgoing traffic for all other nations as well. These representatives are handpicked to maintain a uniformly high standard of service for our clients all across the world.
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