Canadian transportation firm Mullen Group said its net income fell in the fourth quarter as weather and holidays hurt trucking and logistics operations. Profit fell to C$20.3 million, or 22 cents a share, a 6.9% decrease from last year's ...
Tags: Transportation
Mullen Group announced this week its board has approved its 2014 capital budget of $100 million, about $25 million of which will be allocated to its trucking/logistics segment. The funds will be used to buy new trucks, trailers and ...
Tags: Transportation, Auto Parts
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. "There remain too many players, which has resulted in poor ...
Tags: Canadian Trucking Market
Manitoulin Transport is buying Vitran Corporation, making Manitoulin the second-largest carrier in Canada. TransForce remains biggest. On Today's Trucking's 2013 Top 100 listings, Vitran was number three, Manitoulin number 12. Combined, ...
Tags: Manitoulin, buying Vitran Corporation, second-largest carrier in Canada
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. Each company reported revenue drops of various ...
Tags: Transforce, Mullen
Mullen Group’s second quarter net income rose 13% to $20.9 million this year, once adjusted for any unrealized foreign exchange gains and losses and the change in fair value of investments. Mullen’s Q2 revenue was $310.3 ...
Tags: Mullen Group, Capital Spending