BMO’s quarterly earnings suggest truck credit might be improving

Credit data for the transportation segment at Canada’s BMO bank showed the first signs in several years of an improving trucking market in the quarter that ended at the close of January. The client base at the transportation segment of BMO–the former Bank of Montreal–is overwhelmingly oriented toward trucking. BMO’s quarterly numbers for its transportation segment are considered strong indicators of trucking’s credit health. Given that BMO’s first fiscal quarter ended January 31, about half or a little ...