RenX Enterprises Corp. (NASDAQ:RENX) ("RenX" or the "Company") today announced that its wholly owned subsidiary, Zimmer Equipment Inc. ("ZEI"), has been approved as a master carrier for a major U.S. steel manufacturer, authorized to transport steel and steel products between the manufacturer's facilities across the United States.

The master carrier approval establishes a commercial relationship for ZEI's hauling operations with one of the largest U.S. steel manufacturers. Under the approval, ZEI is eligible to provide freight transportation and logistics services pursuant to individual shipping orders issued by the manufacturer from time to time. The approval covers transportation of steel products between facilities nationally, providing ZEI with access to a broad and recurring opportunity to compete for industrial freight volume across its logistics operations. ZEI has already received several shipping orders from this manufacturer as a result of the master carrier approval.