Trucking credit metrics at BMO slide as the business gets smaller

Credit metrics at the transportation unit of BMO, the former Bank of Montreal, were down virtually across the board in the fourth quarter, and the size of the business is shrinking as well. BMO’s (NYSE: BMO)  transportation unit is a major lender to the North American trucking industry. It has seen a rising tide of writeoffs, allowances and impairments alongside the freight recession. Given its size and the disclosure of its credit data in its quarterly earnings, which were released Thursday, the numbers ...