Business Management Mullen posts record Q4, turns focus to cost controls and productivity improvements February 9, 2023 Acquisitions, fuel surcharges, and rate increases pushed Mullen Group’s Q4 revenue and net income to record highs. “It took a total team effort, some very favorable market conditions, and a…
Business Management Trucking environment to soften in 2023: Mullen January 16, 2023 Mullen Group doubts its business units will match strong 2022 results in the face of slowing global trade and consumer spending, but the fleet’s 2023 business plans still reflect a…
Business Management Mullen sheds non-core assets December 16, 2022 Mullen Group has sold its Canadian Hydrovac business and a Surrey, B.C., terminal as it focuses on its LTL, warehousing and intermodal business growth. “Earlier this year we identified a…
Business Management Can the owner-operator business model survive? December 1, 2022 I know better than to predict the death of the owner-operator. The business model has been declared dead many times before, but that resilient bunch keeps proving the naysayers wrong.
Business Management Owner-operators at greatest risk as trucking demand slows, costs surge November 18, 2022 A slowing economy and deteriorating freight conditions are already “baked in the cake,” according to Mullen Group senior executive officer Murray Mullen. But it’s small operators who’ll face the greatest…
Business Management Mullen reports record Q3 earnings, maintains positive outlook October 20, 2022 Record third quarter earnings at Mullen Group were not telling of a cratering economy, and chairman and senior executive officer Murray Mullen anticipates a strong close to the year before…
Business Management Mullen Group posts record Q2 results, sees no sign of ‘freight recession’ July 21, 2022 Mullen Group enjoyed a record second quarter, with revenue soaring 67% to $521.5 million, and profit nearly doubling to $42.7 million year over year. The strongest gains came in the…
Equipment 8 ways to improve fuel economy – even with flatdecks July 12, 2022 For the last couple years, it was pretty easy to make good money driving a truck. Freight was abundant, drivers and equipment were in short supply, and rates were at…
Business Management Mullen Group overcomes challenges to post record Q1 revenue April 21, 2022 Mullen Group overcame a variety of challenges in the first quarter to post record revenue as well as improved year-over-year profits. Border blockades, high absenteeism associated with Covid, and significant…
Business Management Acquisitions drove Mullen Group to record revenue February 11, 2022 Mullen Group achieved record revenue in the fourth quarter of 2021, thanks largely to the contributions of six companies acquired in the year. Total revenue climbed 48% to a record…
Business Management Mullen Group’s 2022 business plan reflects optimism December 8, 2021 Mullen Group is projecting record revenue in 2022, and planning to reward its employees and shareholders, alike. In its 2022 business plan, the company said it anticipates further supply chain-related…
Business Management Acquisitions drive Mullen Group to record quarterly revenue October 28, 2021 Mullen Group achieved its best ever quarterly revenue in the third quarter, bolstered by recent acquisitions. “Very pleased to report that we have achieved record revenues for the quarter, in…
Business Management ‘Rate increases are nearly a given,’ says bullish Mullen Group CEO July 23, 2021 “You can’t put more freight on our dock,” Murray Mullen, CEO of Mullen Group told analysts this week on a call to discuss second quarter earnings. He was calling in…
Business Management Mullen Group buys Bandstra Transportation Systems April 19, 2021 Mullen Group has announced it has acquired the Bandstra Group of Companies, including Bandstra Transportation Systems and Babine Truck & Equipment. The deal closed April 16, and adds 180 power…
Business Management Paying CEWS forward December 14, 2020 The Canadian Emergency Wage Subsidy program saved trucking jobs. But it can achieve so much more.
