Mullen Group gets lift from freight market, acquisitions in Q2 Revenue surges over 20% Mullen Group carrier Gardewine was a strong performer during the quarter. (Photo: Gardewine Group)
Canadian trucking and logistics company Mullen Group (TSX:MTL) reported a double-digit jump in revenue in the second quarter Wednesday as it reaped the benefits of a strong freight market and acquisitions.
The Alberta-based firm reported net income of CA$21.7 million ($17.3 million), or 23 cents per share, on CA$312.5 million in revenue in its second-quarter financial results. It beat analysts’ estimates of 16 cents per share on CA$310 million in revenue, according to Yahoo Finance.
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