Today's Trucking

TFI International tops Canada’s Top 100 fleet ranking

April 29, 2019 by John Smith

TORONTO, Ont. – The Today’s Trucking Top 100 is the definitive ranking of for-hire fleet sizes in Canada, and TFI International has topped the annual list once again. But there are changes this year – even within the Top 5.


The Top 100: Ranking Canada’s largest for-hire fleets

March 2, 2018 by John Smith

TORONTO, Ont. – The Today’s Trucking Top 100 has become the definitive ranking of for-hire fleet sizes in Canada, offering insights into those who are adding or retracting available capacity. And the 2018 edition has been released. Rankings are based on a sum of supplied truck, tractor, and trailer counts (shown at the bottom of each listing)


Mullen Group announces election of directors

May 5, 2017 by sehui

OKOTOKS, AB – Mullen Group has announced eight nominees have been elected to as directors of the company.


Slow oil market dampens Mullen Group’s Q3 report

October 20, 2016 by Dave Nesseth

OKOTOKS, AB – Mullen Group Ltd., one of Canada’s largest trucking companies, reports that its third quarter revenue dropped 15% to $258 million due to a $35.2 million decline in revenue from its oilfield services segment and a $9.8 million hit to its trucking and logistics segment.


Mullen Group hit by huge oilfield services decline

September 28, 2016 by Dave Nesseth

OKOTOKS, AB – Trucking and logistics firm Mullen Group is reporting a 3.4% drop compared to 2015 for its first quarter revenue of 2016, which came in at $173.9 million. But the company was arguably hit hardest by a $58.4-million decline in its oilfield services segment, calling it “extremely weak demand.”


Mullen Group cites ‘pretty deep recession’ in Q2 report

July 25, 2016 by Dave Nesseth

OKOTOKS, AB — Mullen Group, one of Canada’s most successful fleets, has released its second quarter financial results in the midst of what the company’s CEO views as a “pretty deep recession” in Western Canada.

The major oilfield services company posted Q2 consolidated revenue of $247 million, a decline of $37.8 million, or 13.3%, compared to the same period in 2015. The company was also hit by a $31.1 million decline in its oilfield services segment.


Mullen Group workers open homes to wildfire evacuees

May 6, 2016 by Dave Nesseth

FORT McMURRAY, AB – Powerful wildfire continues to devastate Fort McMurray Thursday as the community declares a state of emergency and looks for respite from Mother Nature.

“We are hopeful that Mother Nature helps!” said Murray Mullen, CEO of the Mullen Group, as the oilfield transportation services company prepares for the long day ahead.

Stale air mass, winds and low humidity are creating “perfect storm” conditions for the unpredictable wildfires now heading southward. The flames have torched some 1,600 homes and forced the evacuation of more than 88,000 people in the Fort McMurray area.
Mullen said he can now report that all of his group’s employees and families have been safely evacuated from the region. Now, they’re just trying to help in any way they can.


Mullen Cuts Spending Budget for Next Year

December 17, 2015 by sehui

OKOTOKS, AB – The board of the trucking and logistics and oilfield services provider Mullen Group Ltd. has slashed the company capital spending budget for next year, due in large part to the steep decline in oil and gas prices and activity.


Mullen Group’s Second Quarter Profit Plummets

July 23, 2015 by sehui

OKOTOKS, AB — Mullen Group Ltd. has reported a huge drop in its second quarter profit as business in Canada’s energy industry has also sunk. The trucking and related oilfield services transportation provider said net income totaled $0.9 million or $0.01 per share, a decrease 96.5 percent compared to the same time a year ago.


Mullen Group stock earns ‘hold’ rating by brokerages

January 20, 2015 by Allan Janssen

TORONTO, ON – Despite lowered target price, eight ratings firms still consider transport group to be a hold.


Scotiabank gives Mullen Group new share-price target

December 22, 2014 by Allan Janssen

TORONTO, ON – Investment analysts cut target price on shares from $27.00 to $23.25 in a note issued to investors.


Mullen Group to invest $40M in replacement capital

December 19, 2014 by Allan Janssen

OKOTOKS, AB – Company announces 2015 business plan with cautions about new challenges for the oil and natural gas industry.


Mullen to go corporate

August 1, 2014 by Martin Smith

OKOTOKS, Alta. — One more trucking income trust has jumped on the corporate bandwagon. The Mullen Group Income Fund has revealed its intention to become the latest transport outfit to convert into a corporation.


Mergers Good for Canadian Trucking Market

August 1, 2014 by Martin Smith

Last week, Manitoulin Transport bought the Canadian assets of Vitran Corporation and that’s just what the Canadian trucking market needs, according to a CIBC World Markets report.


Mullen Adds Saskatchewan’s Jay’s Moving

August 1, 2014 by Martin Smith

OKOTOKS, AB -Mullen Group announced yesterday the signing of an agreement to acquire Jay’s Moving & Storage Ltd., based out of Regina, SK.