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 Paying CEWS forward December 14, 2020 The Canadian Emergency Wage Subsidy program saved trucking jobs. But it can achieve so much more.
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 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,…
Transportation Mullen Group posts trucking, oilfield increases July 25, 2019 OKOTOKS, Alta. – Mullen Group’s trucking and logistics segment grew marginally in the three months leading to June 30, despite “headwinds” linked to a sluggish economy and soft demand…
Transportation Mullen Group’s trucking segment achieves record revenue February 7, 2019 But "market meltdown" in oil and gas sector leads to $100-million impairment
Business Management Mullen Group achieves record trucking profit October 25, 2018 OKOTOKS, Alta. – Mullen Group’s trucking and logistics segment achieved record revenue and profit in the third quarter. The segment now makes up about 70% of Mullen Group’s revenue, a…
Business Management Trucking business drives Mullen’s Q2 growth July 26, 2018 OKOTOKS, Alta. – Mullen Group’s increase in revenue was “all on the back of the trucking/logistics segment,” according to chairman and CEO Murray Mullen when discussing Q2 results with analysts…
Business Management Mullen reports record trucking/logistics revenue July 26, 2018 OKOTOKS, Alta. – Mullen Group reported record revenue for its trucking/logistics segment in the second quarter, up 19.8% year-over-year to $219.4 million. Its total revenue was $295.7 million, an increase…
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…
