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 for truckload services. The segment reported $219.6 million in incremental revenue,…
But “market meltdown” in oil and gas sector leads to $100-million impairment
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…
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…
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…
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…
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,…
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…
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…
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…
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…
Expects Alberta economy, pricing to improve this year
CEO Murray Mullen maintains increasingly optimistic outlook
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…
Mullen Group beats Bay St. expectations, positions for recovery