Maritime Reader

MARITIMEINTELLIGENCEDAILY12 MAY 2026 TUESDAY
GeneralFreightWaves·about 2 hours ago

BMO’s transportation group, huge lender to trucking, is being sold

FreightWaves

The transportation lending business of Canada’s BMO is being sold to a private equity company with the bank retaining a minority stake. Stonepeak, which already is heavily involved in logistics through, among other assets, its ownership of chassis provider Trac Intermodal , said Monday it was acquiring the unit, along