BMO trucking indicators in Q4 weaker but only by small amount

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Indicators of the trucking market’s financial health in the fourth-quarter earnings of Canada’s BMO,...

https://www.freightwaves.com/news/bmo-trucking-indicators-in-q4-weaker-but-only-by-small-amount

Truck market weakness yet to show up in BMO quarterly transportation data

Third-quarter data from the transportation group at BMO, the former Bank of Montreal, showed little deterioration in the financial performance of its thousands of clients.

BMO’s transportation group is believed to have about 90% of its roughly CA$13.5 billion ($10.37 billion) book of business in the trucking sector. Despite its Canadian base, it is a large lender in the U.S. Its third quarter ended July 31.

The bank’s quarterly report breaks out the performance of its various sectors, providing a...

https://www.freightwaves.com/news/truck-market-weakness-yet-to-show-up-in-bmo-quarterly-transportation-data

No weakness in trucking evident in BMO quarterly data 

The quarterly earnings of bank BMO break out its transportation sector and those figures are considered an important barometer on the health of the trucking industry.

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

Write-offs in BMO’s growing trucking book of business plunge

Just CA$2 million. That’s the size of the write-offs that BMO (TSX: BMO.TO) took in its transportation sector in the first quarter of 2022, which ended Jan. 31. 

The number is so low that it almost defies description. BMO is a major lender to the trucking industry; the size of its book for the quarter was CA$13.26 billion (US$10.4 billion) and the number of clients it serves is believed to be measured in the tens of thousands. Its detailed earnings report each quarter is a strong indicator of...

https://www.freightwaves.com/news/write-offs-in-bmos-growing-trucking-book-of-business-plunge

Lender’s transportation sector write-offs flat, size of impaired loans down

Underlying financials for the thousands of trucking-related borrowers serviced by Canadian bank BMO remain strong, based on the numbers reported in the bank’s latest quarterly earnings.

BMO (TSO: BMO.TO) is a major lender to the trucking sector, with the size of its clientele believed to be well above five figures. As a result, the breakdown it provides each quarter on the performance of its transportation group, which is overwhelmingly geared toward trucking, is seen as a strong indicator of...

https://www.freightwaves.com/news/lenders-transportation-sector-write-offs-flat-size-of-impaired-loans-down

BMO numbers suggest trucking enjoying exceptional financial health

The numbers coming out of the transportation segment at Canada’s BMO bank show an industry whose financial position is as strong as it has been in years. 

BMO (NYSE: BMO), the former Bank of Montreal, purchased the transportation operations of GE Capital’s transportation finance business in 2015. And while there are plenty of large, publicly traded trucking companies whose quarterly reports provide a look at the financial performance of individual firms, most of them fairly large, BMO’s...

https://www.freightwaves.com/news/bmo-numbers-suggest-trucking-enjoying-exceptional-financial-health

The Daily Dash: Daimler’s product news, BMO’s earnings

The Daily Dash is a quick look at what is happening in the freight ecosystem. 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.

Building medium-duty engines

Cummins Inc. announced it will build a medium-duty engine plant within a Daimler Trucks Mannheim complex in Germany to localize medium-duty engines that comply with the Euro VII emissions. It is the first major product announcement...

https://www.freightwaves.com/news/the-daily-dash:-daimlers-product-news-bmos-earnings

BMO’s transportation sector numbers tell story of stronger trucking market

The quarterly earnings of BMO (TSX: BMO.TO) showed that the financial condition of the trucking market is continuing to get healthy.

BMO, the former Bank of Montreal, is a leading lender to the transportation sector. The company has said the bulk of the financial activity in that sector is in trucking. The data it breaks out in its quarterly earnings is considered a good barometer of the financial strength of the sector.

In that regard, the first quarter of 2021, which for BMO runs through Jan....

https://s29755.pcdn.co/news/bmos-transportation-sector-numbers-tell-story-of-stronger-trucking-market

The Daily Dash: State of the market; top challenge facing DOT’s next leader

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, earnings from lender BMO shed light on the state of the U.S. trucking market. Plus, Flock Freight lands $113.5 million in funding, and the next leader of the U.S. Department of Transportation could face turf wars among various agencies.

A healthy market rolls on

Canadian-based bank BMO reported its fourth-quarter earnings. With a heavy presence in transportation, the earnings offer a glimpse into the...

https://www.freightwaves.com/news/the-daily-dash-state-of-the-market-top-challenge-facing-dots-next-leader