COMPETITION WATCH: Mullen Transportation increases revenue in 2004

Avatar photo

ALDERSYDE, Alta. — Mullen Transportation has announced 2004 was another year of solid growth for the oilfield services provider.

For the 12 months ending Dec. 31, 2004, Mullen generated consolidated revenues of $470.9 million, up from $421.5 million the year before. Net income surged to $46.5 million up from the previous year’s $32.4 million. Mullen credits the 42 per cent increase to the acquisition of Cora Lynn Drilling as well as record drilling activity in Western Canada.

“I am very pleased with our achievements in 2004, particularly the successful integration of the Cora Lynn Drilling acquisition. It appears our timing was quite good especially given the record drilling activity in 2004. The combination of these factors allowed Mullen to post a record year both in terms of revenue and profitability,” said Murray Mullen, chairman and co-CEO.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*