Ohio-based STG Logistics has filed for Chapter 11 bankruptcy protection under a pre-negotiated restructuring plan that would ...
PennyGem on MSN
Ohio trucking empire collapses under $1.2B debt—2,150 jobs wiped out as freight recession turns fatal
The freight recession that began in 2022 has now claimed one of America’s oldest logistics operators. STG Logistics, a ...
STG Logistics filed Chapter 11 as it seeks to cut debt, raise up to $150M in new capital and navigate a historic freight ...
According to industry publication FreightWaves, STG Logistics — a Dublin, Ohio-based institution that also happens to be the ...
Intermodal marketing company STG Logistics announced Monday it has entered into a Chapter 11 restructuring plan. The post STG ...
Sourcing Journal on MSN
STG Logistics Enters Chapter 11, Says Operations Will Continue Uninterrupted
The intermodal operator will restructure nearly $1 billion in debt and bring on new ownership through a debt-for-equity swap.
Bankruptcy follows a judge’s decision not to release STG from case brought by minority lenders.
The $150 million financing package was opposed by minority lenders and a private-equity firm that submitted a competing loan ...
STG Logistics, the nation’s fourth-largest asset-based intermodal marketing company, filed for Chapter 11 bankruptcy protection in a New Jersey federal court today (Monday, Jan. 12). The ...
Cargo hauler STG Logistics filed for bankruptcy on Monday, following a contentious debt deal that sparked litigation by ...
The huge trucking and logistics company suffers from macroeconomic and industry headwinds that are driving the Great Freight ...
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