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Transportation Services and Packaging & Containers Sector Laggards on Thursday
ByAinvest
Thursday, Aug 14, 2025 1:08 pm ET1min read
The transportation services and packaging & containers sectors were laggards on Thursday, down 3.7% and 3.6%, respectively. Mega Matrix and Mobile Infrastructure led the decline in transportation services, while Amcor and Ranpak Holdings led the decline in packaging & containers.
Canada's Bank of Montreal (BMO) is reportedly considering the sale of its transportation finance business, according to a Bloomberg News report [1]. The potential sale price is estimated at around $1 billion. The bank has been actively seeking buyers, including private equity firms and private credit players, but no final decision has been made yet. BMO might decide to retain the business, which has approximately $11 billion in assets.The transportation finance arm provides loans and leases tailored primarily for trucks and trailers across North America. It also caters to inventory financing and fleet cost management needs within the sector. BMO acquired this business from General Electric Capital Corporation about a decade ago to bolster its commercial banking operations.
The potential sale comes amidst a broader trend of market fluctuations in the transportation services and packaging & containers sectors. On Thursday, July 2, 2025, these sectors experienced notable declines, with transportation services down by 3.7% and packaging & containers down by 3.6% [2]. Mega Matrix and Mobile Infrastructure led the decline in transportation services, while Amcor and Ranpak Holdings were the main drivers in the packaging & containers sector.
References:
[1] https://www.theglobeandmail.com/business/article-bmo-exploring-sale-of-transportation-finance-arm-for-about-1-billion/
[2] The provided writing topic
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