Business
Mullen Group Ltd. Responds to COVID-19
Mullen Group Ltd. Responds to COVID-19 Canada NewsWire OKOTOKS, AB, March 20, 20...
About this update from Mullen Group Ltd.
[{"type":"text","content":"\n\n\n\nMullen Group Ltd. Responds to COVID-19\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nOKOTOKS, AB, March 20, 2020\n\n\n\nOKOTOKS, AB, March 20, 2020 /CNW/ - (TSX:MTL)  Mullen Group Ltd. (\"Mullen Group\", \"We\", \"Our\" and/or the \"Corporation\") is actively monitoring the events related to the outbreak of COVID-19.  Our Coronavirus Action Plan was implemented on March 2, 2020 and was made available to all of our Business Units recognizing the potential for an incident at one of our facilities as well as preparing for a significant disruption in business.  Initially these steps were designed to ensure the safety and the well-being of our employees and contractors.  The steps announced today will ensure the continuity of Mullen Group is maintained during this period of disruption, that support can be provided to those people in our organization that will be impacted the hardest and ensure we can bring them back to their jobs as soon as demand returns.\n\"Challenging times require bold action.  Today I am announcing a series of initiatives in response to the unprecedented declines in economic activity related to spread of COVID-19.  We all have a responsibility to help those in our communities that are most vulnerable to this virus and of course the health care providers who will be asked to sacrifice immensely in the days that lie ahead,\" said Mr. Murray K. Mullen, Chairman and Chief Executive Officer.\n\"Mullen Group is extremely well-positioned to weather this extraordinary situation.  As of today we have over $90.0 million in cash on the balance sheet, ample liquidity available in the form of an undrawn line of credit, and a diversified business model.  And as bad as the news has been these last few weeks, our business remains robust especially our Less-Than-Truckload segment Business Units.  Furthermore, a large portion of our overall business will continue to be required to meet the daily needs of Canadians, a reality reflected by the Canadian Government's decision de...