Watch Now

Mullen Group acquires US 3PL QuadExpress for $40M

Canadian trucking and logistics giant enters American market in pursuit of growth

Mullen Group primarily operates in the domestic Canadian trucking market through subsidiaries including Payne. (Photo: Jim Allen/FreightWaves)

Mullen Group has acquired Chicago-area 3PL QuadExpress for $40 million in a deal that gives one of Canada’s largest trucking and logistics companies its first U.S.-based operation.  

Mullen (TSX:MTL) bought QuadExpress from Wisconsin-based commercial printing company Quad (NYSE:QUAD). The 3PL primarily operates as a freight brokerage and generated $135 million in revenue in 2020, Mullen said on Wednesday

Alberta-based Mullen Group, which operates trucking, logistics and oil services businesses from Ontario to British Columbia, has pointedly avoided U.S. acquisitions in contrast to competitors such as TFI International. But CEO Murray Mullen said, “There are limits to just how much we can grow in the Canadian market. 

“The U.S. market, on the other hand, is a new market for our company, offering tremendous opportunity,” Mullen said in a statement. “There is no doubt the U.S. market is key to the North American supply chain and we need to be there. With this acquisition, we gain immediate access to one of the largest markets in the world.”

As part of the deal, Mullen Group also acquired SilverExpress, QuadExpress’ proprietary transportation management system, which it “uses to align customer shipments” with carriers. 

Quad also will continue to use QuadExpress’ 3PL services for 24 months. 

Read more

Click for more FreightWaves articles by Nate Tabak

F3: Future of Freight Festival


The second annual F3: Future of Freight Festival will be held in Chattanooga, “The Scenic City,” this November. F3 combines innovation and entertainment — featuring live demos, industry experts discussing freight market trends for 2024, afternoon networking events, and Grammy Award-winning musicians performing in the evenings amidst the cool Appalachian fall weather.

One Comment

  1. Stephen+Webster

    Both the he Mullen group and T F I and some other larger trucking companies in Canada should have to pay back to the government and wage subsidy the same and people who make over $42,000 should have to pay back C R B money.

Comments are closed.

Nate Tabak

Nate Tabak is a Toronto-based journalist and producer who covers cybersecurity and cross-border trucking and logistics for FreightWaves. 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 [email protected].