Mullen Group Profit Declines in 3Q

Canadian transportation firm Mullen Group Thursday posted a third-quarter profit of C$28.4 million or 36 cents per share, compared with C$30.9 million, or 39 cents, a year ago.

Revenue rose 17.1% to C$268.9 million. Trucking and logistics revenue rose to C$106.5 million, from C$90.6 million a year ago.

Operating income rose 19% to C$55 million, rising in both the trucking/logistics and oilfield services segments. The trucking/logistics segment rise was mainly attributable to acquisitions.

Mullen Group is ranked No. 59 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.