Loans to trucking companies have been one of the troubled parts of bank portfolios the past two years, but the worst may just be over. Shipping volumes on trucks fell at a lower pace in the second ...

The failure of a bank in Sac City, Iowa's first such closure in a dozen years, was the result of soured loans made in the commercial trucking industry, regulators say. Iowa Superintendent of Banking ...

A huge swath of truckers and motor carriers received loans from the Paycheck Protection Program, the $650 billion forgivable loan program established to help small- and medium-sized businesses ...

Credit conditions in trucking as measured by the quarterly earnings report of major lender BMO took a significant downturn in the three months ending July 31, though with one slightly positive sign.

BAYSIDE, Wis., June 13, 2024 /PRNewswire/ -- Trucking companies often struggle to secure the necessary capital for purchasing trucks, expanding fleets, accessing working capital, and acquiring ...

State Banking Superintendent Jeff Plagge (official photo from Iowa Banking Division) State Banking Superintendent Jeff Plagge says the Sac City bank he declared insolvent on Friday had heavy losses on ...

BMO Harris Bank is feeling the sting of a slowdown in freight traffic and falling natural gas prices in the U.S. Its parent company, Toronto-based BMO Financial Group, said Tuesday that several of BMO ...