Business
Mullen Group Ltd. Acquisitions Continue to Drive Growth in the First Quarter of 2026
OKOTOKS, Alberta, April 23, 2026 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. (" Mullen Group...
About this update from Mullen Group Ltd.
Mullen Group Ltd. Acquisitions Continue to Drive Growth in the First Quarter of 2026 OKOTOKS, Alberta, April 23, 2026 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation"), one of Canada's largest logistics providers today reported its financial and operating results for the period ended March 31, 2026, with comparisons to the same period last year. Full details of our results may be found within our First Quarter Interim Report, which is available on the Corporation's issuer profile on SEDAR+ at www.sedarplus.ca or on our website at www.mullen-group.com. "The year is off to a good start for our organization with acquisitions continuing to drive revenue growth in the quarter. More importantly, we have added quality companies to our network of independently managed Business Units, a foundation of our acquisition strategy. In addition, the general market conditions showed signs of improving, with demand holding steady and a tightening in supply in several sectors of the trucking and logistics industry. This was evident in the month of March, one of the best months we have seen in a while. And something I am most proud to report, is that our professional drivers, with the support of a dedicated team of associates throughout our vast network, did a great job navigating several weeks of challenging winter road conditions. Keeping everyone safe is never easy which is why it takes the support of the entire team," said Mr. Murray Mullen, Chair and Senior Executive Officer. "We all know one month is not a trend, but in March there was growing evidence that the long-awaited freight recession was near the needed inflection point. Demand was solid and supply was tightening. Under this scenario, if it continues, pricing will improve. In saying this we know there are risks on the demand side given the recent increase in fuel prices, which could delay the economic recovery, meaning we must monitor the events very closely. The "Nation Building" narrative is also a positive and from our viewpoint it is only a matter of time as to when these needed projects commence. These projects are all capital intensive and will require a significant logistics component. We will be well positioned to capitalize on the opportunities when they arrive. Until they do, acquisitions will continue to drive growth at Mullen Group," added Mr.&#x...