If there are financing difficulties with independent owner-operators as well as small to midsize fleets, there was no evidence in the quarterly earnings report of Canadian bank BMO.
BMO (TO: BMO) is a major lender to the trucking industry. The precise size of its customer base is not public, but it is believed to be well into five figures and possibly more.
The data it releases for its transportation group each quarter is seen as a strong indicator of the health of the trucking industry. The...
https://www.freightwaves.com/news/no-weakness-in-trucking-evident-in-bmo-quarterly-data