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Mullen Group NEWS RELEASE Head Office : 121A 31 Southridge Drive Okotoks , Alberta , Canada T1S 2N3 Tel : 403-995-5200 Toll - free : 1-866-995-7711 Fax : 403-995-5296 Mullen Group Ltd. Reports 2021 Second Quarter Financial Results ( Okotoks , Alberta July 21 , 2021 ) ( TSX : MTL ) Mullen Group Ltd. ( " Mullen Group " , " We " , " Our " and / or the " Corporation " ) , one of Canada's largest logistics providers with a wide range of service offerings including less- than - truckload , truckload , warehousing , logistics , transload , oversized and specialized hauling transportation , today reported its financial and operating results for the period ended June 30 , 2021 , with comparisons to the same period last year . Full details of our results may be found within our Second Quarter Interim Report , which is available on SEDAR at www.sedar.com or on our website at www.mullen-group.com . " We just completed one of our most active quarters in the history of our company , finalizing the acquisition of five real quality businesses . These are strategic fits in our expanding network , strengthening our Canadian less - than - truckload service offering and logistics capacities , along with our first investment in the very large U.S. 3PL market . Collectively , these businesses will add incremental annualized revenue in excess of $ 400.0 million , putting us well ahead of our long - term plans to achieve $ 2.0 billion in revenue per year , along with ensuring we maintain our position as one of the largest and most respected logistics providers in North America . We welcome all of the new dedicated employees , dedicated contractors and partners to our growing organization , a company that values its people , focuses on a quality and safe work environment for all , and invests in leading edge technology solutions . " From a positioning perspective , these are great acquisitions especially given the current market context , where health restrictions are being lifted and economic expansion is poised to return . June was the first full month in quite some time that freight demand was strong across virtually all business lines . Consumer demand , which has been one of the steadiest segments of the economy , continued at a robust pace throughout the quarter , and finally we witnessed strength in the demand for " freight of all kinds " beginning in June , a sign of a more positive outlook for business investment and capital deployment . Acquisitions along with a recovering economy were the primary reasons for the improved financial performance year over year , a trend we believe will continue as the year progresses , " commented Mr. Murray K. Mullen , Chairman and Chief Executive Officer . Key financial highlights for the second quarter of 2021 with comparison to 2020 are as follows : HIGHLIGHTS ( unaudited ) ( $ millions ) 2021 $ Three month periods ended June 30 2020 Change $ % Revenue Less - Than - Truckload Logistics & Warehousing 126.7 101.9 24.3 120.6 82.8 45.7 Specialized & Industrial Services 66.4 73.5 ( 9.7 ) Corporate and intersegment eliminations ( 1.2 ) ( 0.7 ) Total Revenue 312.5 257.5 21.4 Operating income before depreciation and amortization ( 1 ) Less - Than - Truckload 23.5 20.5 14.6 Logistics & Warehousing 23.8 17.5 36.0 Specialized & Industrial Services 15.1 19.8 ( 23.7 ) Corporate Total Operating income before depreciation and amortization ( 1 ) ( 1 ) Refer to notes section of Summary ( 3.4 ) ( 2.8 ) 59.0 55.0 7.3