STG Logistics, Inc. has officially filed for Chapter 11 bankruptcy along with certain of its affiliates and subsidiaries. The port-to-door logistics company plans to wipe out nearly 91% of its debt and bring in about $150 million in new capital. The Dublin, Ohio-based business hopes to continue regular operations during the proceedings.
STG Logistics, Inc. Steps into a Restructuring
On January 12, STG Logistics, Inc. announced that it has reached a Restructuring Support Agreement (RSA) with its sponsors and lenders that hold the required majority of its funded debt.
STG Logistics filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of New Jersey on January 12, 2026, according to court records. To put the RSA in action, some of its affiliates and subsidiaries entered into the ‘prearranged financial restructuring process’ under Chapter 11.
STG Logistics said its financial partners will continue supporting the company during the restructuring. The partners are confident STG can strengthen its market position while maintaining top-notch service for customers across the U.S.
STG Files for Chapter 11 Amid Freight Recession, Plans to Cut 91% of Debt
Geoff Anderman, CEO of STG Logistics, stated that the latest Chapter 11 filing is an ‘important milestone’ for the port-to-door service provider as it faces ‘one of the most severe freight recessions in history.’
Anderman said the filing is a step toward long-term growth, “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.”
The latest announcement by STG Logistics, Inc. also highlights that it intends to eliminate approximately 91% of its existing debt through the Chapter 11 restructuring.
About STG Logistics, Inc.
STG Logistics, Inc. is a leading provider of integrated logistics and multimodal transportation solutions, such as asset-based intermodal, transloading, warehousing, marine and rail drayage, deferred LTL, and more. Through its 40 years of service in domestic logistics, STG has served a range of rail ramps and ports across the country.
As of now, STG Logistics, Inc. has its network spread across 60 plus locations. Besides the national network, the company controls assets from origin through final delivery, including 15,000 53-foot Intermodal containers.
Latest Filings and Updates
Kirkland & Ellis LLP and Cole Schotz P.C. are the legal counsel of STG Logistics, Inc. in the latest Chapter 11 case. AlixPartners LLP is participating in the case by serving as financial and restructuring advisor. PJT Partners LP is the investment banker, whereas C Street Advisory Group is the strategic communications advisor.
Gibson, Dunn & Crutcher LLP is representing the ad hoc group of current lenders of STG Logistics, Inc. as the legal counsel. Evercore Group L.L.C. serves as STG’s financial advisor. White & Case LLP is the counsel to the Special Committee of the Company’s Board of Managers in the Chapter 11 process.
Other basic details of the Chapter 11 filing are:
- Filing Date: January 12, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of New Jersey
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 2:26-bk-10258
- Estimated Assets:
- Estimated Liabilities:
- Reason for Filing: Restructure business under court supervision
Mark Edward Hall was added as the judge for the latest reorganization bankruptcy case on January 12. On the first day, STG filed motions to paying employee wages and benefits, paying critical vendors, continuing customer programs, using existing bank accounts and cash systems, maintaining insurance and utilities, paying taxes and fees, and accessing DIP financing.
The announcement by STG Logistics, Inc. adds that the Ohio company plans to use roughly $150 million of new money debtor-in-possession (DIP) financing. The fund will be used to support the core business operations of the company during the Chapter 11 process.
Other crucial motions submitted by the Ohio-based company were related to a joint administration of 64 cases filed by its certain affiliates and subsidiaries. Another first-day motion was regarding the filing of a consolidated list of the debtors’ thirty largest unsecured creditors.
Attorney Michael D. Sirota, on behalf of STG Logistics, Inc., then submitted a motion to extend the time to file certain missing schedules and expedited consideration of first-day matters.
The court approved STG Logistics, Inc.’s request for expedited consideration of first-day matters based on Rule 9022. The hearing will take place on January 13, 2026, at 11:00 AM.
Several Pro Hac Vice applications were filed on the first day of the case of STG Logistics, Inc. The objection deadline for each of these applications is January 20, 2026.
Court records show that STG Logistics, Inc. has the exclusive right to file a Chapter 11 reorganization plan by May 12, 2026.
The outcome of the hearing of first-day motions filed by STG Logistics, Inc. and the reorganization plan are expected to shape the progress of the restructuring process.
