From Yahoo Finance: 2025-05-28 10:42:00

Trucking credit conditions have stalled in the second quarter after showing signs of improvement in the first quarter, according to Canada-based bank BMO’s earnings report. Gross loans in the transportation sector dropped to $14.06 billion, the lowest since 2023, while impaired loans rose to $503 million, the highest in BMO’s history.

BMO, a major lender to the trucking industry, reported a decrease in gross loans and acceptances in the transportation sector to $14.06 billion in the second quarter, down from $14.9 billion in the prior quarter. Impaired loans surged to $503 million, the highest ever recorded by BMO since acquiring GE Capital’s transportation lending operations in 2015.

Despite some small improvements, BMO’s transportation sector saw a decline in net loans and acceptances to just under $14 billion in the second quarter, compared to $14.82 billion in the previous quarter. Allowances for credit losses decreased to $57 million, from $61 million in the prior quarter and $68 million before that, but were higher than $24 million a year ago.



Read more at Yahoo Finance: BMO’s Q2 earnings show no improvement in credit conditions for trucking