Topic
drayage
Logistics STG Logistics Emerges From Chapter 11 With 90% Debt Reduction as Intermodal Demand Surges
STG Logistics announced Thursday it has exited Chapter 11 bankruptcy after completing a financial restructuring that reduced its total funded debt by approximately 90%. The intermodal provider now has new ownership, a leaner balance sheet, and $150 million in new capital from investors including Fortress, Fidelity, and Invesco. The restructuring comes as U.S. intermodal rail traffic rose 8% year-over-year in the second quarter, with domestic container volumes up by double-digit percentages, and intermodal rates now 31% cheaper than over-the-road truckload.
Logistics Survey: Drayage Operators Face Pressure from Congestion, Driver Shortages, and Margins
A survey by FreightWaves and CargoWise Landside of drayage professionals highlights the biggest operational challenges limiting growth, including demand volatility, terminal congestion, driver shortages, and shrinking margins. The report also explores where providers are investing in automation and digital transformation, and why manual processes are no longer sustainable.