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STG Logistics Emerges from Chapter 11 with $150M in Fresh Capital

STG Logistics has exited Chapter 11 protection following a financial restructuring that slashed its funded debt by approximately 90%. The Dublin, Ohio-based intermodal carrier reduced total debt by more than $1 billion while securing $150 million in new capital from investors including Fortress, Fidelity and Invesco, who now control a majority stake. The company maintained uninterrupted service throughout the process.

The emergence comes as intermodal demand accelerates. Class I railroads reported 8% year-over-year growth in total intermodal traffic during the second quarter, with domestic rail container volumes climbing double digits. Tight truckload capacity from regulatory enforcement and elevated diesel costs are driving modal shifts toward rail. Intermodal pricing now sits 31% below full truckload rates, well above the 15% threshold typically needed to prompt shippers to switch modes.