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 ...

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 ...

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 ...

Aid from the federal government in the form of Paycheck Protection Program loans might be propping up trucking companies that are on the brink of failure. Industry experts said the loans have allowed ...

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 ...

The opportunity to borrow federal money that may convert to a grant is enticing for small trucking companies, but some would rather see it go to those that most need it. "At the present time, it's not ...

The trucking company that received a $700 million coronavirus relief loan spent $210,000 on lobbyists in the days before it reached an agreement with Treasury on that loan, according to lobbying ...

Democratic lawmakers have accused President Donald Trump’s administration of improperly awarding $700 million in pandemic relief loans to a trucking company — 95% of the funds disbursed under the ...

WASHINGTON -- A Kansas trucking company received a $700 million federal loan after what appear to be "missteps" by the Treasury Department and the Department of Defense, the Congressional Oversight ...