The CEO of one of Canada’s largest trucking companies, Mullen Group, says the country’s freight market will bounce back after COVID-19 is under control.
One of Canada’s largest trucking and logistics firms, Mullen Group, is being flooded with potential acquisitions as companies seek to sell, according to its CEO.
Canadian trucking and logistics company Mullen Group reports continued headwinds from the pandemic in Q3 as government wage subsidies help offset drop in revenue.
Mullen Group shores up its cross-border less-than-truckload business as it acquires the outstanding shares of British Columbia carrier Pacific Coast Express Limited.
Canadian trucking and logistics firm Mullen Group reports a large drop in profits in its second-quarter financial results. But the company is positioning itself for recovery as business activity comes back.
Murray Mullen, the CEO of Mullen Group, says the Canadian transportation and logistics company has “weathered the worst of this crisis” as it gears up for a rebound.
Canadian transportation and logistics company says it laid off or furloughed 1,000 employees as it posts first-quarter results.
One of Canada’s largest transportation and logistics companies says it will temporarily lay off some employees, suspend dividend and slash executive pay as it braces for economic fallout to hit freight.
Acquisitions and strong less-than-truckload performance help bring record revenue to Mullen Group’s trucking and logistics business and offset declines from its struggling oil services.
Murray Mullen suggests freight market weakness could take carriers out of business, but says his company is ready to jump on acquisition opportunities to grow its less-than-truckload business.
Purchase of Argus and Inter-Urban grows the Canadian company’s less-than-truckload business and brings C$25 million in annual revenue.
