Pacific Coast Express

Mullen Group acquires cross-border carrier Pacific Coast Express

Three parked trucks from Pacific Coast Express, a Canadian less-than-truckload carrier recently acquired by Mullen Group.

Canadian trucking and logistics firm Mullen Group (TSX:MTL) has acquired Pacific Coast Express Limited, a cross-border less-than-truckload (LTL) carrier based near Vancouver, British Columbia.

Alberta-based Mullen purchased the outstanding 60% of shares in Pacific Coast Express (PCX) in a transaction that closed on Monday. Mullen bought a minority stake in PCX in 2018.

The acquisition of PCX adds CA$25 million (US$19 million) in annual revenue to Mullen Group and strengthens the company’s...

https://s29755.pcdn.co/news/mullen-group-acquires-cross-border-carrier-pacific-coast-express

Forty containers fall off APL England

Face masks are among the medical supplies washing up on Australian shores following the overboard loss of about 40 containers from the APL England.

The Australian Maritime Safety Authority (AMSA) said the APL England experienced a loss of propulsion amid heavy seas shortly after 6 a.m. Sunday about 73 kilometers (45 miles) southeast of Sydney. The ship was en route from Ningbo, China, to Melbourne, Australia. 

The APL England was en route from China to Melbourne, Australia, when it lost...

https://s29755.pcdn.co/news/forty-containers-fall-off-apl-england

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