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Canadian freight market poised for US-style recovery pop: Mullen Group CEO Murray Mullen cautiously bullish for the remainder of 2021, if Canada can turn the corner on COVID-19 Mullen Group s CEO sees better days ahead for Canadian freight. (Photo: Mullen Trucking) Canada’s freight market is set for a major bump once the COVID-19 pandemic is under control, the CEO of Mullen Group (TSX:MTL) said on Thursday after the trucking and logistics firm reported an over 8% drop in revenue in the first quarter. “There is ample evidence to suggest that once the impact of COVID is minimized, the economy will recover quickly and show very strong growth, the active ingredient for freight demand and improved margins,” Murray Mullen told financial analysts. “Now we only need to look to the U.S. for guidance: that the economy is on fire and freight demand has never been better.” ....
Market movers: Stocks seeing action on Monday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer A roundup of some of the North American equities making moves in both directions On the rise In the wake of the late Friday announcement of its acquisition of the B.C.-based Bandstra Group of Companies, shares of Mullen Group Ltd. (MTL-T) jumped in morning trading after a group of equity analysts raised their target prices. ....
/PRNewswire/ - (TSX: MTL) Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") is pleased to announce that it has acquired the Bandstra. ....