There are numerous ways of looking at the quarterly data from Canada’s BMO on the credit health of the trucking sector. None of them are positive.
Canada’s BMO is a major lender to the trucking industry in North America. In the bank’s first-quarter 2024 earnings released Tuesday, BMO’s gross impaired loans and acceptances, where BMO has identified a loan it believes it may be unlikely to recover, soared to CA$230 million ($170 million) up from CA$170 million a quarter earlier and CA$82 million...