STG Logistics files for Chapter 11

March 2026 | DEALFRONT | BANKRUPTCY & CORPORATE RESTRUCTURING

Financier Worldwide Magazine

March 2026 Issue

Amid what has been described as one of the most severe freight recessions in history, STG Logistics, one of the US’ largest providers of integrated port to door services and supply chain solutions for cargo owners and logistics providers, has filed for Chapter 11 protection.

The filing, made on 12 January 2026 in the US Bankruptcy Court for the District of New Jersey, covers STG Logistics and a substantial group of affiliates. The cases are assigned to Judge Mark Edward Hall under lead case number 26 10258. STG is pursuing a prearranged restructuring to deleverage its balance sheet while continuing to operate.

According to the company, Chapter 11 will facilitate implementation of a restructuring support agreement with equity sponsors and lenders holding a requisite majority of the company’s funded debt. The plan is intended to reduce debt significantly and provide up to $150m of new capital to support the business during the process.

STG has stated that it is business as usual. It has filed typical first day motions to continue paying wages and benefits, maintain customer programmes, honour go-forward payments to key vendors and perform ordinary course functions. The company also indicates it will access new money debtor in possession financing to fund operations.

In its announcement, STG emphasised that key financial partners remain committed throughout the process and that the reorganisation is designed to strengthen its market position while maintaining high service standards nationwide.

“The Chapter 11 filing marks an important milestone in our efforts to strengthen STG amid one of the most severe freight recessions in history,” said Geoff Anderman, chief executive of STG Logistics. “I am deeply grateful to our valued team, customers, vendors and other partners whose support enables us to continue delivering solutions for our customers at the highest levels, while staying true to our core values of safety, service, integrity and efficiency at the forefront of our operations.”

Serving as legal counsel to the company are Kirkland & Ellis LLP and Cole Schotz P.C., with AlixPartners LLP engaged as financial and restructuring adviser. PJT Partners LP is the investment banker, and C Street Advisory Group is handling strategic communications. An ad hoc group of existing lenders is represented by Gibson, Dunn & Crutcher LLP, with Evercore Group LLC serving as financial adviser. White & Case LLP serves as counsel to a special committee of STG Logistics’ board of managers.

Coverage from industry outlets indicates that the contemplated transactions would eliminate approximately 91 percent of STG’s funded debt and inject up to $150m of fresh capital, positioning the company to continue operating while the court process proceeds. The voluntary petitions list more than $1bn in assets and liabilities.

Court materials and claims agent postings confirm that first day hearings have occurred, a creditors’ meeting is scheduled, and additional omnibus hearings are on the calendar. Recent docket activity shows appearances by an official committee of unsecured creditors and objections to aspects of the postpetition financing, underscoring that negotiations with stakeholders continue.

An integrated multimodal transportation and logistics provider, STG offers asset-based intermodal, marine and rail drayage, full truckload and less than truckload services, coupled with warehousing and transloading. The business has grown through acquisitions in recent years, including XPO’s intermodal unit in 2022 and Best Dedicated Solutions in 2023, but has faced prolonged freight market weakness since 2022.

STG will continue operating in the ordinary course throughout the restructuring and remains committed to delivering for employees, partners, customers and vendors. Mr Anderman concluded: “We are confident that leveraging the Chapter 11 process will best position the business for long-term growth and success.”

Fraser Tennant