Trucking Credit Recovery: BMO’s quarterly earnings show dramatic drops in distress metrics, with credit loss provisions plunging to $15 million and gross impaired loans crashing to $440 million.
https://www.freightwaves.com/news/likely-bmo-swan-song-shows-trucking-credit-strengtheningUS-Canada Tariff Escalation: The US hits Canadian goods with 50% tariffs after negotiations stall, prompting Canada to prepare retaliatory tariffs starting September 8.
Descartes Systems Group announced it has acquired Tai, an AI-powered transportation management system provider, for one hundred million dollars in cash. This marks the thirty-fourth deal for the Canadian company since twenty seventeen, following recent acquisitions of Latin American last-mile logistics tech provider Drivin and Pittsburgh-based fleet safety solutions provider Idelic. CEO Ed Ryan stated that Tai complements their strengths in carrier onboarding, compliance, fraud prevention and real-time visibility, creating significant opportunities to help freight brokers streamline operations and improve margins.
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