OKOTOKS, Alberta, July 10, 2025 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. (“Mullen Group”, “We”, “Our” and/or the “Corporation”) announces that it has closed its previously announced private placement (the “Offering”) of approximately CAD$400.0 million aggregate principal amount senior secured notes due July 10, 2037 (the “Notes”). The Notes consist of an aggregate principal amount of US$50.0 million with a yield of 6.91% per annum and CAD$325.0 million with a yield of 6.04% per annum. The Notes are ...

OKOTOKS, Alberta, May 30, 2025 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") is pleased to announce the closing of the acquisition of Cole Group Inc., Cole International Inc., Abco International Freight Inc. and all related entities (collectively the "Cole Group") effective June 1, 2025. Founded in the 1920s, the Cole Group is an industry leading full spectrum logistics services company specializing in customs brokerage, freight forwarding and trade ...

Core Insights - Expeditors International of Washington (EXPD) reported first-quarter 2025 earnings of $1.47 per share, exceeding the Zacks Consensus Estimate of $1.30, with a year-over-year increase of 26% driven by strong air tonnage and ocean volumes [1] - Total revenues reached $2.66 billion, surpassing the Zacks Consensus Estimate of $2.42 billion, marking a 20.8% year-over-year growth [1] Financial Performance - Operating income increased by 24% year over year to $265.85 million, with total operating expenses rising by 20.5% to $2.40 billion [2] - Airfreight services revenues grew by 18.7% year over year to $901.76 million, while ocean freight and services revenues surged by 36.9% to $781.66 million [3] - Customs Brokerage and other services revenues increased by 12.1% year over year to $982.99 million [3] Operational Efficiency - The company maintained an operating efficiency measure in line with its 30% target, with pre-tax operating income growing by 24% from the previous year [2] - Airfreight tonnage and ocean container volume increased by 9% and 8% year over year, respectively [2] Shareholder Actions - During the first quarter of 2025, EXPD repurchased 1.5 million shares at an average price of $117.29 per share [3] Cash Position - At the end of the first quarter, EXPD had cash and cash equivalents of $1.32 billion, up from $1.15 billion at the end of the previous quarter [4]

Core Insights - Expeditors International (EXPD) reported a revenue of $2.67 billion for the quarter ended March 2025, reflecting a year-over-year increase of 20.8% and surpassing the Zacks Consensus Estimate by 9.95% [1] - The company's earnings per share (EPS) for the quarter was $1.47, up from $1.17 in the same quarter last year, exceeding the consensus EPS estimate by 13.08% [1] Revenue Breakdown - Airfreight services generated $901.76 million, exceeding the four-analyst average estimate of $823.90 million, with a year-over-year increase of 18.8% [4] - Customs brokerage and other services brought in $982.99 million, surpassing the four-analyst average estimate of $905.08 million, marking a year-over-year growth of 12.2% [4] - Ocean freight and ocean services achieved $781.67 million, exceeding the four-analyst average estimate of $677.63 million, with a significant year-over-year increase of 37% [4] Stock Performance - Over the past month, shares of Expeditors International have returned +5.8%, compared to the Zacks S&P 500 composite's +11.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]