Mullen’s Third-Quarter Income Gains

Canadian transportation firm Mullen Group Income Fund’s third-quarter profit rose to C$38 million or 45 cents a share, from C$32.1 million or 45 cents a year earlier.

Revenue fell 4.4% to C$261.3 million, Mullen said late Tuesday.

The company, which also has oilfield services, attributed the revenue downturn to lower natural gas drilling activity in Western Canada.

Trucking and logistics revenue was flat, at C$108 million, the company said.

Mullen is ranked No. 77 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.