Ohio-based trucking company files for Chapter 11 bankruptcy

Cleveland.com • January 19, 2026 • business

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STG Logistics, the fourth-largest asset-based intermodal marketing company in the U.S., filed for Chapter 11 bankruptcy on January 12 in New Jersey to restructure nearly $1 billion in debt.
The pre-negotiated bankruptcy plan aims to eliminate about 91% of STG's debt and inject $150 million in new capital to maintain operations, including employee wages and vendor payments.
Company officials emphasized that the filing is not a wind-down, expecting to emerge from bankruptcy within approximately five months while continuing regular business functions.
The restructuring also addresses recent litigation from minority lenders who challenged prior agreements favoring senior creditors and delaying interest payments.
STG operates nearly 100 facilities nationwide, managing around 15,000 containers and