Keyword
Mullen Group
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Mullen Group achieves record trucking profit
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 stark contrast to its traditional model where it represented about…
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Trucking business drives Mullen’s Q2 growth
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 today. The company’s trucking/logistics segment achieved its highest ever quarterly…
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Mullen reports record trucking/logistics revenue
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 of 8.1%, but its oilfield services revenue was down $14.1…
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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…
