Massive Trucking Company Files for Chapter 11 Bankruptcy

The article titled “Massive Trucking Company Files for Chapter 11 Bankruptcy” is referring to STG Logistics, a large U.S. trucking and logistics firm that entered Chapter 11 in January 2026 to restructure more than $1 billion of debt while continuing operations.​

Who the article is about

• The company is STG Logistics Inc., a major intermodal, trucking, and logistics provider based in Dublin, Ohio.​

• STG and dozens of affiliated entities filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of New Jersey on January 12, 2026.​

Why STG filed Chapter 11

• STG is attempting to restructure roughly $1.1–1.2$ billion dollars of funded debt amid what executives describe as one of the worst “freight recessions” in decades.​

• The company has struggled with soft freight demand, excess trucking capacity, lower spot and contract rates, and higher costs (including insurance and inflation), which have pressured revenue and margins since around 2022.​

What Chapter 11 means for operations

• STG’s filing is “prearranged,” supported by key lenders, and is designed to cut about 90% of its debt and inject around 150 million dollars in new capital through debtor‑in‑possession financing.​

• Court filings and company statements say STG expects to keep operating, paying employees, and serving customers while the court-supervised restructuring proceeds.​

Scale of the company

• STG is around 41 years old and operates a large intermodal and trucking network, including tens of thousands of containers and chassis, several million square feet of warehouse space, and roughly a couple thousand drivers and employees, according to court documents.​

• Its petition lists more than 1 billion dollars in both assets and liabilities, placing it among the more significant recent trucking‑sector bankruptcies.​

Broader industry context

• The case is part of a broader wave of trucking and logistics failures linked to the post‑pandemic “Great Freight Recession,” during which excess capacity, falling rates, and shipper in‑house fleets have squeezed many carriers.​

• Industry analysts suggest that if freight demand improves later in 2026, it could help remaining carriers, including a restructured STG, stabilize after bankruptcy.​