Company
Mullen Group Ltd.
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Mullen discusses “messy” results
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 remainder of the year. On a conference call with analysts…
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Mullen reports record trucking/logistics revenue
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 $292.1 million, up 2.5%, thanks to record revenue in trucking/logistics,…
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Mullen Group buys DWS Logistics
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 Greater Toronto Area and the Lower Mainland of B.C. Its…
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Mullen to buy new equipment, increase dividend
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 trucking and logistics segment. The capital budget doesn’t include funds…
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Mullen reports record trucking revenue
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 $283.9 million. The increase in trucking/logistics revenue was largely due…
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Optimism returning to oil and gas industry: Mullen
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 and CEO Murray Mullen. The company posted Q1 revenue of…
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Mullen Group CEO remains upbeat about 2017
Expects Alberta economy, pricing to improve this year
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Mullen Group revenue, profits decline in Q4
CEO Murray Mullen maintains increasingly optimistic outlook
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2017 to be “year of growth” for Mullen Group
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 and the oil and gas industry has changed for the…
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Murray Mullen becoming more optimistic about oil and gas industries
Mullen Group beats Bay St. expectations, positions for recovery
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Mullen Group positioning for oil and gas recovery
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 from Mullen Group CEO Murray Mullen to analysts during a…
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Mullen Group grows profits despite “pretty deep recession” in Alberta
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 Q2. The oilfield services segment saw revenue drop by $31.7…
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Safety record a bright spot for Mullen in 2015
OKOTOKS, Alta. — Last year was one to forget for trucking companies serving the oil patch and 2016 is looking equally tenuous, but if there was a bright spot for Mullen Group it was the performance of its trucking/logistics companies,…
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Oil and gas sector “a mess”: Mullen
Mullen Group profits declined nearly 86% in 2015, but it grew trucking/logistics revenue
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All of Canada will feel the pain from commodities crash: Mullen
CALGARY, Alta. — Mullen Group CEO Murray Mullen gave an interview to BNN this week, in which he warned the entire country will feel the pain from Alberta’s weakened economy and the commodities crash. “It is going to have contagion…
