Business Management Consumers driving economy, though buying habits have changed: Mullen October 22, 2020 OKOTOKS, Alta. – Mullen Group saw third quarter revenues drop 10.6% y-o-y to $290.9 million, but net income climbed by $5.7 million thanks to improved operating income before depreciation and…
Business Management Mullen Group purchases remainder of Pacific Coast Express September 2, 2020 OKOTOKS, Alta. – Mullen Group has completed its purchase of Pacific Coast Express (PCX), acquiring the remaining 60% of its shares. Mullen initiated the purchase by taking an equity position…
Business Management Mullen Group lays off 1,000 as ‘wants’ economy disappears April 23, 2020 OKOTOKS, Alta. – As the “wants” economy has evaporated due to the Covid-19 pandemic, Mullen Group has taken drastic measures, including laying off 1,000 employees. While reporting its Q1 earnings,…
Business Management Mullen discusses “messy” results April 26, 2018 OKOTOKS, Alta. – “Disappointing” and “messy” were a couple of the words Mullen Group CEO Murray Mullen used to describe the company’s first quarter, but he remains optimistic about the…
Business Management Mullen reports record trucking/logistics revenue April 26, 2018 OKOTOKS, Alta. – Mullen Group reported record first quarter revenue for its trucking/logistics segment, but continues to face headwinds in its oilfield services division. The company generated consolidated revenue of…
Business Management Mullen Group buys DWS Logistics February 13, 2018 OKOTOKS, Alta. – Mullen Group has announced the acquisition of DWS Logistics, expanding its third-party logistics and warehousing services. DWS is based in Mississauga, Ont., with distribution centers in the…
Business Management Mullen to buy new equipment, increase dividend December 13, 2017 OKOTOKS, Alta. – Mullen Group has approved a capital budget of $40 million for 2018, most of which will be used to replace trucks, trailers and specialized equipment within its…
Business Management Mullen reports record trucking revenue October 27, 2017 OKOTOKS, Alta. – Mullen Group grew third quarter net income by 48% to $26 million on record trucking/logistics segment revenue of $190.7 million. Mullen Group revenue was up 9.8% to…
Business Management Optimism returning to oil and gas industry: Mullen April 24, 2017 OKOTOKS, Alta. – Mullen Group reported improved revenue in the first quarter of 2017 in both its trucking/logistics and oilfield services segments, but the markets remain “fragile,” according to chairman…
Business Management Mullen Group CEO remains upbeat about 2017 February 10, 2017 Expects Alberta economy, pricing to improve this year
Business Management Mullen Group revenue, profits decline in Q4 February 9, 2017 CEO Murray Mullen maintains increasingly optimistic outlook
Business Management 2017 to be “year of growth” for Mullen Group December 16, 2016 OKOTOKS, Alta. – After two very challenging years, Mullen Group chairman and CEO Murray Mullen said 2017 will be a year of growth. “I believe the outlook for the economy…
Business Management Murray Mullen becoming more optimistic about oil and gas industries October 20, 2016 Mullen Group beats Bay St. expectations, positions for recovery
Business Management Mullen Group positioning for oil and gas recovery July 21, 2016 OKOTOKS, Alta. — The time has come to start preparing for a recovery in the oil and gas segment and to position Mullen Group for growth. That was a message…
Business Management Mullen Group grows profits despite “pretty deep recession” in Alberta July 21, 2016 OKOTOKS, Alta. — Mullen Group posted second quarter earnings that exceeded analyst expectations, even on shrinking trucking revenues. Total revenue came in at $247 million, down 13.3% from last year’s…
