Business Management Mullen Group CEO expects strong economic recovery post-Covid April 22, 2021 The writing is on the wall that once Canada gets the Covid-19 vaccine rolled out, that the economy will rebound strongly. That’s the view of Mullen Group CEO Murray Mullen,…
Business Management Mullen Group signs letter of intent to acquire APPS Transport March 8, 2021 Mullen Group has announced it has reached an agreement to acquire APPS Transport Group, including APPS Cartage and APPS Cargo Terminals. APPS had reached an agreement last year to sell…
Business Management Quiet on the M&A front, Mullen Group may eye U.S. market February 11, 2021 Mullen Group may take a closer look at expanding in the U.S., as a stagnant Canadian economy and pricey valuations have tempered the company’s appetite to make a major deal…
Business Management Mullen to use CEWS funding to create jobs, opportunities December 10, 2020 OKOTOKS, Alta. – Mullen Group announced its 2021 business plan, which reflects optimism that a consumer-driven economy will continue to drive trucking demand. “Within this context our business will remain…
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
