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NEWARK, N.J., May 5 /PRNewswire/ — The Journal of Commerce Conferences announced today that the Transportation Security Administration’s Director for Maritime and Surface Credentialing, Maurine Shields Fanguy, will discuss the Transportation Worker Identification Credential program on the “Will TWIC Work” panel at the 2008 East Coast Maritime Conference in Savannah, Georgia, in June. The conference, of interest to shippers, carriers, 3PLs and other key supply chain providers, takes place June 3 to 5 at the Hyatt Regency in Savannah.
Formerly the China Trade and Logistics Conference, this event is produced by The Journal of Commerce Conferences and hosted by Georgia Ports Authority. This year’s theme, “Shifting Trade Lanes,” reflects the changing paradigms of ocean transportation and how they impact sourcing and other aspects of trade.
“As someone who spearheaded and now maintains the Transportation Workers’ Identification Credential program, Maurine Shields Fanguy will provide valuable insight on this massive undertaking,” said Liam Power, Vice President of The Journal of Commerce’s Magazine Group. “We are pleased to have her participate in our event.”
In her position as the Director for Maritime and Surface Credentialing at the TSA, Fanguy is responsible for the TWIC, which requires the enrollment of about 1.5 million maritime and transportation workers at 147 locations across the U.S. and territories. She also directs the Hazardous Materials Endorsement program and all aspects of program development, operations, stakeholder outreach and policy coordination for the TSA.
Prior to her current role, Fanguy spearheaded the launch of the TWIC program. She previously worked for Accenture, providing IT and management consulting services for government and commercial clients. Her past experience includes management of large federal proposals and broad experience in strategy, process, technology and full systems development lifecycle consulting.
Other topics being presented at “Shifting Trade Lanes” conference include:
— Two canals: which way to the East Coast?
— Case study: Integrated logistics from China
— Alternative sourcing from Asia
— Intermodal challenges
— Inland ports and logistics parks
— Export dilemmas

The most current agenda is available at . The conference also features a golf outing and welcome reception on June 3, an evening reception at Old Fort Jackson on June 4 and a cruise giveaway at the end of the last panel.
To register for the conference, contact JoC Conferences at (760) 294-5563 or by email at . For sponsorship information, contact Julie Wallner at (209) 369-0133 or by email at . For additional show information, visit .
About Commonwealth business Media
Commonwealth business Media Inc. (), a subsidiary of United business Media plc (), is the leading information provider to the global trade and transportation market with comprehensive proprietary data, news and analytical content. Its vanguard brands include The Journal of Commerce, PIERS Global Intelligence Solutions, BACK Aviation Solutions, Official Airline Guide, Aviation Industry Group, Air Cargo World, Traffic World, and a number of directory databases covering the international trade, railroad and trucking markets. The company also produces more than 30 conferences serving the international trade, aviation and maritime markets.
Commonwealth business Media is headquartered in East Windsor, NJ, and employs more than 800 people in major cities throughout the United States and in Canada, Mexico, the United Kingdom, the Netherlands, China, Hong Kong, Singapore and Japan. For more information on Commonwealth business Media Inc., and the products it offers, explore cbizmedia.com or call 800-221-5488 or 1- 609-371-7700 outside the U.S. and Canada.
Commonwealth business Media Inc.

TROY, Mich., July 24 /PRNewswire/ — The West Coast’s Interstate 5 and the East Coast’s Interstate 95, two of the nation’s busiest interstates, will receive more than $5 million each in federal support for innovative strategies to reduce the frustration of truckers looking for parking on congested routes. ParkingCarma, a Flint-based company, developed the Smart Parking system that will be implemented on California’s congested Interstate 5, which connects the country’s second largest border crossing to the bay ports of Los Angeles and Long Beach. ParkingCarma’s information network makes driving safer, improves fuel efficiency and air quality by identifying and reserving nearby available truck parking.
I-5 is one of two interstates selected under the Corridors of the Future Program, part of the U.S. Department of Transportation’s national congestion initiative. California Department of Transportation (Caltrans) was awarded the I-5 contract for its innovative uses of intelligent transportation systems (ITS) technology to provide truckers with real-time information on available parking. As part of the program, Caltrans, in partnership with ParkingCarma, NAVTEQ, and University of California, Berkeley/TSRC, will monitor parking availability and transmit the updates to truckers. As a result of the contract, ParkingCarma plans to add Michigan employees to support the three-year California contract.
“We are excited to use our unique parking information network to be part of this public-private partnership designed to improve road safety and goods movement efficiency, while reducing emissions of Class 8 trucks,” said Rick Warner, CEO, ParkingCarma. “Through our Smart Parking information network, truckers will be able to access data about available parking spaces - via cell phone, the Internet, or an onboard computer.”
Together with NAVTEQ’s customized truck parking mapping and routing services, ParkingCarma can identify the nearest available truck parking spot and allow reservation, improve driving time, and alleviate illegal parking and sleep-deprived driving.
The I-5 carries between 15,000 and 40,000 trucks a day, and has grown nearly 17 percent over the last ten years. According to research, 153 million pounds of CO2 emissions per city could be eliminated per year if just 2 percent of city drivers used ParkingCarma’s information network to find a parking spot. “We are looking to show that there will be similar energy efficiency gains for truckers,” said Warner.
ParkingCarma received $250,000 in seed funding from both Automation Alley and Ann Arbor SPARK, who have supported ParkingCarma’s transition to Michigan and its continued growth. Additionally, ParkingCarma received a tax credit from the State of Michigan worth nearly $1 million over seven years and $500,000 in seed funding from the Genesee Regional Chamber of Commerce using funds from the Mott Foundation.
“The reputation of Southeast Michigan as a technology leader was certainly an important factor when we made the decision to house our national service center in Flint,” Warner stated. “Automation Alley and SPARK have both been invaluable resources as we’ve grown, and with their continued support we look forward to serving the nation and world from our headquarters in Michigan.”
About Ann Arbor SPARK
Representing all communities in Washtenaw County, Michigan, Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, the Herbert and Grace Dow Foundation, Washtenaw County, the City of Ann Arbor, the Michigan Economic Development Corporation and the Ann Arbor/Ypsilanti SmartZone LDFA. For more information, please call (734) 761-9317 or visit .
About Automation Alley
Automation Alley is a Michigan’s technology business association that drives the growth and image of Southeast Michigan’s economy through a collaborative culture that focuses on workforce and business development initiatives. Since its founding in 1999, Automation Alley has expanded to include more than 900 businesses, educational institutions and government entities, covering an eight county area and the City of Detroit. Automation Alley promotes regional prosperity through business attraction services, exporting assistance, workforce development and technology acceleration.
About ParkingCarma
ParkingCarma(TM) Smart Parking is a hi-tech solution for parking in the nation’s most crowded cities that brings together consumers looking for parking spots with parking structure owners and managers who have available parking spaces. Rather than circling blocks looking for an open spot, it provides information and access to consumers about available parking spaces via cell phones, the Internet, and onboard automotive computers. Not only does ParkingCarma increase parking convenience and availability, it helps communities and the environment by reducing traffic congestion, emissions, and the need to build new parking structures. ParkingCarma’s philosophy is sustainable growth through friendly technology. Visit at .
ParkingCarma

CLEVELAND, April 22 /PRNewswire/ — Diversified industrial manufacturer Eaton Corporation recently honored 42 of its best suppliers at its third annual Supplier Awards Program on April 1 at the downtown Cleveland Marriott.
Among the top award winners was Penske Logistics, which received the Premier Supplier Excellence Award for the second consecutive year from Eaton for logistics management services in North America and Europe. Penske was honored for a host of achievements including its innovation in cross-continent supply chain engineering, on-time delivery, responsiveness, and overall cost savings.
Richard D. Holder, Vice President - Eaton business System, said, “Of the thousands of Eaton suppliers around the world these are the best in terms of quality, productivity, innovation and technology.”
The Eaton supplier award winners fall within one of three supplier categories: Direct, Indirect or Logistics. Direct Materials suppliers are those which provide goods used directly in the making of products (i.e., bearings, gaskets, seals, castings); Indirect Materials and Services suppliers provide goods used to make products or support the business (i.e., cutting fluid, maintenance repair, office supplies) and Logistics suppliers handle the transportation of goods inbound from the supplier and outbound to customers, as well as indirect package transportation.
“We are pleased to once again be recognized by Eaton,” stated Vincent Hartnett, President - Penske Logistics. “We take great pride in helping our customers drive supply chain excellence. We share this award with our associates around the globe, who work hard every day to deliver value for our customers.”
Penske Logistics serves as Eaton’s Lead Logistics Provider in Europe for all business segments; serves as Lead Logistics Provider for Eaton’s Auto, Truck and Electrical businesses in the U.S. and Mexico, and also operates a warehouse for Eaton’s Electrical business in North Carolina.
About Penske Logistics
Penske Logistics is a wholly owned subsidiary of Penske Truck Leasing. With operations in North America, South America, Europe and Asia, Penske Logistics provides supply chain management and logistics services to major industrial and consumer companies throughout the world. Penske Logistics delivers value through design, planning and execution in transportation, warehousing, international freight forwarding and carrier management. Visit to learn more.
About Eaton Corporation
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 79,000 employees and sells products to customers in more than 150 countries. For more information, visit .
Penske Logistics

HOLLAND, Mich., June 11 /PRNewswire/ — LeanLogistics, a division of CHEP and the leading provider of Web-native Transportation Management Systems (TMS), has been recognized by Corp! Magazine as one of “Michigan’s Economic Bright Spots.” The first annual award recognizes the top companies in the state that have had significant growth or expansion, are involved in emerging markets, or have made conscious efforts to remain in Michigan. LeanLogistics was selected because of the company’s rapid growth and solid revenues. The company employs 75 people and is continuing to hire at the rate of about 50 new people each year.
“We are honored to be one of only 36 companies in Michigan to be named an ‘Economic Bright Spot’ by Corp! magazine,” said Dan Dershem, CEO and president of LeanLogistics. “Our solid growth record and consistent success can be directly attributed to our dedicated team of employees with a passion for customer satisfaction.”
LeanLogistics provides On-Demand TMS(R) (transportation management system) that plans, manages, and executes transportation operations and strategies for companies like Ace Hardware, Barilla Pasta, Kellogg’s, Pinnacle Foods, Rich Products, and Unilever.
In 2007, LeanLogistics received awards as a Top Technology Provider from Food Logistics, Supply & Demand Chain Executive, and Inbound Logistics magazines; clients Ace Hardware and Jel-Sert were spotlighted in the InformationWeek 500 and Consumer Goods Technology SMB Awards for innovative use of LeanLogistics On-Demand TMS(R); and Rick Tucker, VP of Product Development won the prestigious Supply & Demand Chain Executive’s Provider Pro to Know Award.
Dan Dershem and Chris Timmer, VP of Customer Solutions at LeanLogistics, will accept the award on June 11, 2008, at the Michigan Bright Spots Award Breakfast in Troy, MI with over 200 other attendees. A panel discussion on the Michigan economy and the future ahead with several of the winners will be featured.
Corp! Magazine focuses on the business community in Michigan and specializes in telling the story behind the business - news that informs about trends, relates compelling stories, and entertains with profiles of leaders.
About LeanLogistics
LeanLogistics provides clients with Transportation Solutions and Expertise to manage their Supply Chain, connect to all their trading partners, and continuously maximize their return-on-investment.
LeanLogistics Managed Transportation Services (LLMTS) is an innovative and customized combination of software with best practices and business process outsourcing that ensures clients realize maximum value.
On-Demand TMS(R) is an On Demand Transportation Network that provides complete daily planning, execution, settlement, and procurement functions that improve business processes, increase operating efficiency, and reduce transportation cost. It also provides unique functions that can only be delivered through a network: supplier inbound management, appointment scheduling, benchmarking and network-wide reporting, a private transportation marketplace to obtain capacity and lower costs, and total Supply Chain visibility.
Implementation speed is unprecedented and clients realize extremely rapid value, with typical payback in less than one year — Return on Cash(TM). Clients include Barilla America, Meijer, Ace Hardware, Otis Spunkmeyer, Pinnacle Foods, Rich Products, and Unilever.
Headquartered in Holland, MI, LeanLogistics was founded by veterans of transportation and Third-Party Logistics (3PL). LeanLogistics is a division of CHEP. For additional information, visit or call 616.738.6400.
About CHEP
CHEP is the global leader in pallet and container pooling services serving many of the world’s largest companies. The company has more than 7,700 employees and operates in 45 countries. Combining superior technology and an asset base of more than 300 million pallets and containers, CHEP offers its customers exceptional value, a platform that enables reduction in customer product damage, and an environmentally sustainable logistical solution. Supply chains served include consumer goods, produce, beverage, and the automotive industry. With global partners that include Procter & Gamble, SYSCO, Kellogg’s, Kraft, Nestle, Ford and GM, CHEP is known for Handling the World’s Most Important Products. Everyday. For more information about CHEP, please visit: .
LeanLogistics(R), LeanAdvisor(R), On-Demand TMS(R), and WebSettle(R) are registered trademarks of LeanLogistics, Inc. and Return on Cash(TM) is a trademark of LeanLogistics, Inc. Trademarks and registered trademarks are the property of their holder.
For more information contact:
Becky Boyd
MediaFirst PR - Atlanta
becky [at] mediafirst [dot] net
(770) 642-2080

LeanLogistics

TONTITOWN, Ark., April 29 /PRNewswire-FirstCall/ — P.A.M. Transportation Services, Inc. today reported net loss of $2,828,326 or diluted and basic loss per share of $0.29 for the quarter ended March 31, 2008. These results compare to net income of $1,264,931 or diluted and basic earnings per share of $0.12 for the quarter ended March 31, 2007. Operating revenues were $105,820,696 for the first quarter of 2008, a 7.1% increase compared to $98,808,456 for the first quarter of 2007.
Robert W. Weaver, President of the Company, commented, “The results for the current quarter are humbling, and are reflective of the continued economic weakness in truckload freight demand and upward volatility of fuel.
The unprecedented rise in fuel costs, net of fuel surcharge, has negatively impacted our operating income by approximately $4.4 million, or seven cents per mile for the quarter ended March 31, 2008 compared to March 31, 2007. Excluding the increase in net fuel costs, total operating expenses decreased by two cents per mile during this same period, which adds additional emphasis to fuel being the primary driver of decreased profits from the cost side. Among other measures to control fuel costs, the Company has reduced the governed speed of its fleet from 67 to 65 miles per hour.
The lack of truckload freight demand and resulting pricing competition continues to exert downward pressure on rates, impeding our ability to negotiate rate increases and often resulting in rates that are unacceptable in light of current costs. As a result of these downward rate pressures we have opted to walk away from some business and reduce fleet capacity to compensate when replacement freight was not added. This has also impacted our automotive business which has historically comprised a large portion of our total revenue. As a result, the percentage of our revenue generated by automotive business has decreased from 46% of total revenue in the fourth quarter of 2007 to 42% at the end of March 2008. Our rate per total mile has decreased three cents per mile, before fuel surcharge, when the first quarter 2008 is compared to the first quarter 2007. This decrease negatively impacted operating income by approximately $1.9 million. Depending on the balance of freight with acceptable rates versus our available capacity, fleet size reductions may continue.
The Company continuously seeks ways to reduce operating costs through price negotiation, gains in efficiency and cost control. Through efforts to eliminate non-essential personnel we have been able to further improve our driver to non-driver ratio from an average of 5.9:1 for the first quarter of 2007 to 6.2:1 for the first quarter of 2008.
Looking forward, we don’t see much improvement in truckload freight demand in the near future. However, we do hear that capacity reductions are occurring in the industry, both by fleet reduction and through bankruptcies. This reduction is reported to be approximately 42,000 trucks or 2.1% of the nation’s over-the-road heavy truck capacity that was idled in the first quarter of 2008. As we continue to aggressively seek and capitalize on ways to control costs we hope to see industry capacity reductions resolve the current imbalance between truckload freight and available capacity in the industry and create opportunities for us to negotiate rate increases that more fairly compensate us for our services.”
P.A.M. Transportation Services, Inc. is a leading truckload dry van carrier transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company also provides transportation services in Mexico through its gateways in Laredo and El Paso, Texas under agreements with Mexican carriers.
Certain information included in this document contains or may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to expected future financial and operating results or events, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, excess capacity in the trucking industry; surplus inventories; recessionary economic cycles and downturns in customers’ business cycles; increases or rapid fluctuations in fuel prices, interest rates, fuel taxes, tolls, license and registration fees; the resale value of the Company’s used equipment and the price of new equipment; increases in compensation for and difficulty in attracting and retaining qualified drivers and owner-operators; increases in insurance premiums and deductible amounts relating to accident, cargo, workers’ compensation, health, and other claims; unanticipated increases in the number or amount of claims for which the Company is self insured; inability of the Company to continue to secure acceptable financing arrangements; seasonal factors such as harsh weather conditions that increase operating costs; competition from trucking, rail, and intermodal competitors including reductions in rates resulting from competitive bidding; the ability to identify acceptable acquisition candidates, consummate acquisitions, and integrate acquired operations; a significant reduction in or termination of the Company’s trucking service by a key customer; and other factors, including risk factors, included from time to time in filings made by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.
P.A.M. Transportation Services, Inc. and Subsidiaries
Key Financial and Operating Statistics
(unaudited)
Quarter ended March 31,
2008 2007

Revenue, before fuel surcharge $86,445,200 $87,543,603
Fuel surcharge 19,375,496 11,264,853
Operating revenue 105,820,696 98,808,456

Operating expenses:
Salaries, wages and benefits 34,497,654 33,704,998
Fuel expense 37,422,944 24,591,642
Operating supplies 8,019,353 7,482,006
Rent and purchased transportation 9,520,022 10,034,037
Depreciation and amortization 8,987,058 9,348,883
Operating taxes and license 4,359,027 4,350,689
Insurance and claims 4,551,876 4,535,814
Communications and utilities 811,696 768,163
Other 1,383,591 1,640,347
Loss on disposition of equipment 233,799 17,822
Total operating expenses 109,787,020 96,474,401

Operating (loss) income (3,966,324) 2,334,055

Other income (expense):
Interest expense (568,612) (486,736)
Other (205,804) 240,715

Total other income (expense) (774,416) (246,021)

(Loss) income before income taxes (4,740,740) 2,088,034
Income tax (benefit) expense (1,912,414) 823,103

Net (loss) income $(2,828,326) $1,264,931

Diluted (loss) earnings per share $(0.29) $0.12

Average shares outstanding - Diluted 9,795,302 10,307,581

Quarter ended March 31,
Truckload Operations 2008 2007

Total miles 62,074,954 60,621,197
Operating ratio* 105.41% 97.40%
Empty miles factor 7.25% 6.42%
Revenue per total mile, before fuel
surcharge $1.26 $1.29
Total loads 96,943 83,250
Revenue per truck per work day $596 $592
Revenue per truck per week $2,980 $2,960
Average company trucks 1,999 2,018
Average owner operator trucks 54 52

Logistics Operations
Total revenue $8,089,097 $9,169,332
Operating ratio 96.65% 96.79%

As of March 31,
2008 2007

Long-term debt to book capitalization 20.86% 17.48%
Shareholders’ equity $173,835,238 $186,574,230

* Operating ratio has been calculated based upon total operating
expenses, net of fuel surcharge, as a percentage of revenue, before
fuel surcharge. We used revenue, before fuel surcharge, and operating
expenses, net of fuel surcharge, because we believe that eliminating
this sometimes volatile source of revenue affords a more consistent
basis for comparing our results of operations from period to period.

P.A.M. Transportation Services, Inc.

CALGARY, June 5 /PRNewswire-FirstCall/ — (TSX - MTL.UN) - The Mullen Group Income Fund (”Mullen” or the “Fund”) announced today the entering into of an agreement with Essential Energy Services Trust (”Essential”) to acquire all of the assets and business of Essential’s Transport Division, which includes its fluid hauling and oilfield transport business units for a purchase price of $135.0 million. The fluid hauling business units operate as “Cascade Services” in northern Alberta and northeastern British Columbia and as “Jacar Energy Services” in southern Alberta. The oilfield transport business units operate as “Circle “D” Transport & Rentals” in southern Alberta, as “Prime Oilfield Hauling” in the Grande Prairie, Alberta region, as “Polege Oilfield Hauling” in northern Alberta and northeastern British Columbia and as “Leachman Oilfield Trucking” in central/southern Alberta and Saskatchewan.
“Acquiring businesses leveraged to fluid hauling has been a strategic focus of Mullen for several years. In particular, we believe there are tremendous opportunities associated with the hauling and management of fluid in connection with resource plays in areas such as British Columbia and Saskatchewan. The acquisition of Essential’s fluid hauling business units greatly expands our fluid hauling capabilities in these important regions and will be a strategic fit with several of our existing business units. The addition of Essential’s oilfield transportation business units expands our rig hauling capability into southern Alberta, a region in which we do not currently have a presence. The addition of these assets will also provide us with an opportunity to leverage our existing infrastructure and work on operational efficiencies among our various rig hauling and general oilfield hauling businesses,” stated Mr. Stephen H. Lockwood, President and Co-CEO.
Cascade Services operates out of Fort Nelson, Fort St. John and Dawson Creek, British Columbia and Grande Prairie, Spirit River, Slave Lake, Swan Hills and Wabasca, Alberta with a fleet of over 106 units including vacuum pressure trucks, hydrovacs, steamer trucks, hot oilers, tank trucks, combination units and sour sealed tankers. Jacar operates out of Taber, Cayley, Pincher Creek, Medicine Hat and Brooks, Alberta and Richmound, Saskatchewan with a fleet of approximately 91 units including pressure trucks, hot oilers, vacuum trucks, tank trailers, sealed tank trucks, fresh water trucks, frac trailer acid units, steam trucks and vac and steam combo units. Circle “D” Transport & Rentals operates out of Brooks, Medicine Hat, Taber and Strathmore, Alberta and Swift Current, Saskatchewan with a fleet of over 80 power units, 185 trailers and a rental fleet of blowback, separator and 400 barrel tanks. Prime Oilfield Hauling operates from its head office in Grande Prairie, Alberta with a fleet of approximately 20 power units, 33 trailers and an inventory of rental equipment such as flare tanks, floc tanks, catwalks, pipe racks and rig mats. Polege Oilfield Hauling operates from its facility located in Edmonton, Alberta with a fleet of approximately 22 tractors, 50 trailers and specializes in oilfield pipe hauling and storage. Leachman Oilfield Trucking operates from its facility in Provost, Alberta and specializes in the business of tubular hauling and storage utilizing a fleet of approximately 21 tractors and 51 trailers.
Mullen is also very pleased to announce that Ken Wagner, the Chief Operating Officer of Essential, has agreed to accept a position with Mullen as President of the Cascade Services and Jacar Energy Services business units. Mr. Wagner’s experience and knowledge, especially in relation to the hauling of fluid, will be very valuable in realizing upon operational efficiencies and in the further expansion of Mullen’s capabilities in fluid hauling.
“We are pleased to add these six business lines to our growing organization. Each of them has an exceptional reputation for providing outstanding service to their customers. We look forward to working with the existing management teams on enhancing their service offerings to their customers and realizing on the potential synergies that will result from this acquisition. These businesses have quality assets with quality management teams and personnel and, as such, we anticipate a very smooth integration,” said Stephen H. Lockwood.
It is anticipated that these business units will generate revenue of approximately $115.0 million during 2008 and produce operating margins consistent with other comparable business units in the Mullen Group. The transaction is expected to close by early July, 2008, subject to negotiation, execution and delivery of the final purchase and sale agreement, completion of due diligence, regulatory approvals and other conditions customary for a transaction of this nature. Mullen will fund the cash purchase price from its existing cash reserves and its existing bank facility.
This press release may contain forward-looking statements that are subject to risk factors associated with the oil and gas business and the overall economy. The Fund believes that the expectations reflected in this press release are reasonable, but results may be affected by a variety of variables. The Fund relies on litigation protection for “forward-looking” statements.
Mullen is an open-ended income fund that owns a network of independently operated businesses. Today the Mullen Group is recognized as the largest provider of specialized transportation and related services to the oil and natural gas industry in western Canada and as one of the leading suppliers of trucking and logistics services in Canada - two sectors of the economy in which the Fund has strong business relationships and industry leadership. Administration of the Fund is delegated to Mullen Group Inc. which, in addition to managing the Fund, provides management and financial expertise, technology and systems support to its independent businesses.
Mullen is a publicly traded income trust listed on the Toronto Stock Exchange under the symbol “MTL.UN”. Additional information is available on our website at .
Mullen Group Income Fund