Mullen Group Ltd (TSX:MTL)


Mullen Group Ltd, a publicly listed firm, provides transportation, warehousing and logistics solutions.

Founder Roland Mullen established the company as Mullen Trucking Ltd in 1964.

Incorporated in 1983, the logistics solutions provider also began computerizing its operations and introduced its oil division during the same period.

The company went public in 1993 with the listing of its shares on the Toronto Stock Exchange. The trading symbol is ‘MTL’.

The Canadian company owns a diversified network of autonomously operated businesses that offer various transportation and associated services such as less-than-truckload, truckload, warehousing, logistics, transload, oversized, and specialized haul and transportation.

It operates through three business segments:

• Logistics and warehousing
• Less-than-truckload (LTL)
• Specialized and industrial service

Under the LTL segment, the firm provides the last mile network and services for customers in western Canada, Ontario, and the United States.
The segment incorporates modern technology and equipment and operates a diverse network of service centers offering cross-dock facilities to over 5000 customers. It reportedly delivers more than three million shipments of consumer goods to 55,000 communities annually, the company claims.

Logistics & Warehousing

The segment provides logistics and warehousing solutions in Canada and the United States.

It operates terminals and transload facilities and provides multimode transportation services. The transportation and logistics solutions include intermodal and transload, full truckload and specialized trucking services.

Specialized & Industrial Service

Under the segment, the company serves businesses engaged in energy, mining, forestry, water management, fluid hauling and environmental reclamation, construction, etc.

The segment operates through a fleet of specialized equipment and facilities across Canada.

It also provides capital and financial expertise, technical support, legal guidance and strategic planning to independent businesses.

In March 2021, Mullen Group entered into an agreement to acquire APPS Transport Group Inc., a transportation and logistics company based in Mississauga.

Further, in May 2021, the Canadian logistics business closed the International Warehousing & Distribution Inc acquisition.

The company claims to have developed and implemented an action plan to ensure the safety and well-being of employees, suppliers and other stakeholders amid the COVID-19 pandemic.

Contact Information

company address 121A – 31 Southridge Drive Okotoks, Alberta T1S 2N3

company phone(403) 995-5200

company email[email protected]

company website

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