Quarterly data from BMO, a major lender to the trucking industry, does not suggest significant financial pain among its clients.
BMO, a major lender to the trucking sector, reported that write-offs and allowances declined in the second quarter, with weakness not evident in the data.
BMO’s detailed release of its transportation group statistics provide a good look at how the trucking industry is doing.
BMO’s quarterly figures on the health of its transportation portfolio are considered a strong indicator of underlying financials.
The former Bank of Montreal is a lender to all levels of trucking, big and small.
In today’s edition, we highlight a big announcement by Daimler, significant money raised by an insurtech startup and another encouraging sign for the future.
Write-offs for the quarter are better than even the strong freight market of 2018.
In today’s edition of The Daily Dash, lender BMO’s earnings shed light on the state of the trucking market. Plus, Flock Freight flies high and the top challenge for the next U.S. Department of Transportation leader.
All measures of bad loans are healthier in BMO’s report
In today’s edition of The Daily Dash, the third-quarter financial report from BMO suggests positive financial momentum for carriers, and a Tennessee freight brokerage continues record growth despite the COVID-19 pandemic.
After significant deterioration in the second quarter, most numbers for the key trucking sector lenders are stable to improved
Canadian bank’s transportation portfolio already had been sagging.
