Credit Loss Provisions Soar 300%: Weak Truck Market Finally Shows Up In Major Fleet Lender's Data

Credit Loss Provisions Soar 300%: Weak Truck Market Finally Shows Up In Major Fleet Lender's Data

Credit Loss Provisions Soar 300%: Weak Truck Market Finally Shows Up In Major Fleet Lender's Data By John Kingston of FreightWaves, The weak trucking market finally has caught up to the quarterly report of Canada’s BMO, a major lender to fleets. In its quarterly earnings report, BMO breaks out the financial performance of its various lending sectors. Transportation is its own sector, and BMO officials have said about 90% of that book of busines…

Weak Truck Market Finally Shows Up In BMO Transportation Group’s Quarterly Report

Write-offs up to CA$10 million from $4 million a quarter earlier; provisions for credit losses soar 300%