Mullen Group's first-quarter profit fell 20%, though revenue rose due to acquisitions.

Trucking and logistics company Mullen Group reported a 20% drop in first-quarter profit to $17.7 million, or 20 cents per share, from $22.2 million, or 25 cents per share, last year. However, revenue rose to $497.1 million from $462.6 million, aided by acquisitions. Chairman Murray K. Mullen emphasized that acquisitions remain crucial for growth in the current market.