Mullen Group nearly tripled its earnings but saw revenue decline in the first quarter as growth was hindered by Canada’s slow recovery from the COVID-19 pandemic.

Mullen Group has entered into a letter of intent agreement to acquire APPS Transport Group.

Mullen Group reported a gain in profit for the fourth quarter although revenue continues to fall because of the COVID-19 pandemic.

Mullen Group is pursuing a business plan for next year that covers several key goals and budgets based on the coronavirus remaining an issue, the company detailed Dec. 9.

Mullen Group posted a gain in profit during the third quarter, helped by COVID-19-related economic subsidies, an improving economy and strong e-commerce business.

Mullen Group has acquired the remaining shares of Pacific Coast Express Ltd., the company announced Sept. 1.

Mullen Group Ltd. posted weaker first-quarter profits on steady revenue, but the Canadian motor carrier warned that business began to erode significantly in April.

The Supreme Court of Washington has determined the Washington Department of Transportation cannot be held at fault for an interstate bridge collapse that occurred in 2013.

Canadian carrier Mullen Group Ltd. posted a 6.4% decline in net income in the third quarter, to C$20.5 million or 20 cents per share, according to a company news release Oct. 24.

Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.