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Canadian freight market poised for US-style recovery pop: Mullen Group CEO
Murray Mullen cautiously bullish for the remainder of 2021, if Canada can turn the corner on COVID-19
Mullen Group s CEO sees better days ahead for Canadian freight. (Photo: Mullen Trucking)
Canada’s freight market is set for a major bump once the COVID-19 pandemic is under control, the CEO of Mullen Group (TSX:MTL) said on Thursday after the trucking and logistics firm reported an over 8% drop in revenue in the first quarter.
“There is ample evidence to suggest that once the impact of COVID is minimized, the economy will recover quickly and show very strong growth, the active ingredient for freight demand and improved margins,” Murray Mullen told financial analysts. “Now we only need to look to the U.S. for guidance: that the economy is on fire and freight demand has never been better.” ....

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