• ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
  • ITVI.USA
    13,795.070
    81.410
    0.6%
  • OTRI.USA
    26.560
    -0.120
    -0.4%
  • OTVI.USA
    13,740.380
    64.000
    0.5%
  • TLT.USA
    2.720
    -0.060
    -2.2%
  • TSTOPVRPM.ATLPHL
    2.670
    0.130
    5.1%
  • TSTOPVRPM.CHIATL
    2.930
    0.280
    10.6%
  • TSTOPVRPM.DALLAX
    1.320
    -0.020
    -1.5%
  • TSTOPVRPM.LAXDAL
    3.040
    0.050
    1.7%
  • TSTOPVRPM.PHLCHI
    1.740
    0.050
    3%
  • TSTOPVRPM.LAXSEA
    3.210
    0.000
    0%
  • WAIT.USA
    108.000
    5.000
    4.9%
BusinessCanadaInternationalLess than TruckloadNewsTruckingTruckload Carriers

Mullen Group acquires cross-border carrier Pacific Coast Express

Canadian trucking and logistics giant buys up outstanding shares of British Columbia-based company

Canadian trucking and logistics firm Mullen Group (TSX:MTL) has acquired Pacific Coast Express Limited, a cross-border less-than-truckload (LTL) carrier based near Vancouver, British Columbia.

Alberta-based Mullen purchased the outstanding 60% of shares in Pacific Coast Express (PCX) in a transaction that closed on Monday. Mullen bought a minority stake in PCX in 2018.

The acquisition of PCX adds CA$25 million (US$19 million) in annual revenue to Mullen Group and strengthens the company’s Canadian LTL network. 

“This investment reinforces our strategic rationale of making long-term investments into businesses that support the consumer part of the economy, namely less-than-truckload, final mile delivery and logistics,” Mullen Group CEO Murray Mullen said in a statement. 

Mullen’s LTL business has proved relatively resilient during the COVID-19 pandemic. LTL revenue fell by 9.3% during the second quarter versus 19% companwide compared to the same period in 2019. 

PCX primarily provides Canada-U.S. LTL service. It also does full-truckload and services domestic Canadian freight.

“I know that PCX’s operating performance will be strengthened by joining Mullen Group’s less-than-truckload network,” Mullen said.

The carrier also has a partnership with U.S. carrier Estes Express. It has 120 personnel, a mix of employees and owner-operators. 

Mullen Group is one of Canada’s largest trucking and logistics companies, with subsidiaries across Western Canada and Ontario.

Mullen competitor TFI International announced on Friday that it will acquire Canadian LTL carrier APPS Transport.

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Nate Tabak, Border and North America Correspondent

Nate Tabak is a Toronto-based journalist who covers cross-border trucking, logistics and trade for FreightWaves. Before moving to Canada, he spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.

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