Mullen Group Reports Strong Q2 Performance, Increases Capital Spending for Major Projects
Mullen Group reported one of its strongest quarters ever during the second quarter of fiscal 2026. The company highlighted balanced freight markets, solid fuel surcharge recovery, and strong margin performance in less-than-truckload (LTL) operations. Management emphasized a focus on higher-quality freight and margin improvement over volume growth. The firm increased its capital spending by CAD 50 million to prepare for potential large-scale projects such as the Alaska LNG initiative and other infrastructure work described as 'nation-building.' Executives noted that this investment can be redirected if those opportunities do not materialize. LTL margins are currently above budgeted levels at over 17%, with further upside potentially dependent on a stronger Canadian economy. Chairman Murray Mullen characterized the economic environment as stable but not robust, noting that fuel costs redistribute rather than create new demand. The company is also preparing for upcoming emissions changes in Class 8 trucks and has tightened its order board accordingly.
Topics: capital spending freight markets logistics margin performance