OKTOKS, AB – Mullen Group has established a $40 million capital budget for 2018, setting aside $30 million of that to replace trucks, trailers, and specialized equipment in the trucking and logistics segment.
OKOTOKS, AB – Revenues are still lower than peak levels, but Mullen Group chairman and Chief Executive Officer Murray K Mullen is reporting a “sense of optimism” in the oil and gas sector — and he expects the good news to continue in the second half of 2017.
Meyers Transport is gone. After 90 years in -business, and decades on Today’s Trucking’s Top 100 list of Canada’s largest for-hire carriers, the -eastern Ontario fleet shut its doors in mid-January. High capacity and aggressive rate cutting in the Less-than-Truckload (LTL) sector were blamed along with a general downturn in the region’s industrial activity. “It is sad to think there won’t be any trucks and trailers going up and down the road with ‘Meyers’ on it anymore,” observed chairwoman Natalie Meyers, part of the fourth generation in the family business. The family’s Mortrans truckload and dedicated -specialty service continues, as does Mosaic Logistics, but 190 people lost their jobs.
OKOTOKS, AB – Mullen Group CEO Murray Mullen is “happy to close the books” on 2016, and predicting a return to growth after two years of steady declines.
OKOTOKS, AB – The all-cash transaction deal, worth $172 million, was first announced in late November 2014.
OKOTOKS, AB- Alberta-based trucking company Mullen Group Ltd. said it’ll pay $172 million cash to buy Winnipeg-based transport company Gardewine Group Limited Partnership.
TORONTO — With two suitors knocking on the door, unitholders of Livingston International Income Fund have about a week to decide their future.
TORONTO — A special meeting for unitholders of Livingston International Income Fund to consider the company’s acquisition has been postponed, and the options have diminished.
OKOTOKS, Alta. — Revenue for a trio of Canadian carriers dropped in 2009 from 2008, but executives at Mullen, TransForce and Contrans are keeping a positive outlook for 2010.
TORONTO – The top three carriers on Today’s Trucking’s Top 100 For-Hire Canadian fleets – TransForce, Mullen Group, and Vitran – have finished reporting their second-quarter 2013 results, and it’s decreases for everyone.
TORONTO – Expectations on the seller side have dialed down a bit and the balance sheets on the part of buyer’s side are in pretty good shape, says Walter Spracklin.
CALGARY — Mullen Group Income Fund reported decreased revenue in the first quarter of 2008, but added to the capital expenditure budget to allow for internal growth.
OKOTOKS, Alta. — The Mullen Group has appointed long-term employee P. Stephen Clark to the position of Chief Financial Officer effective Aug. 1.
CALGARY, Alta. — Mullen Group Income Fund is entering 2008 with a renewed emphasis on growth.
CALGARY — The Mullen Group Income Fund has entered into an agreement to acquire the transport division of Essential Energy Services Trust.