STG Logistics exits bankruptcy with $150M and Fortress-led backing
What's the deal? STG LogisticsDealroom has a profile for this one. Try Dealroom → has completed a financial restructuring, exiting Chapter 11 with $150 million in new capital from Fortress, Fidelity, and Invesco. The asset-based intermodal provider cut its funded debt by roughly 90% — over $1 billion — and now has those investors holding a majority equity stake.
Why the investors matter: The recapitalization hands control to a heavyweight group. Fortress Investment GroupDealroom has a profile for this one. Try Dealroom →, Fidelity, and Invesco led the injection, giving the Dublin, Ohio-based company both a leaner balance sheet and deep-pocketed backing to fund its next phase.
Why now? STG entered a pre-packaged Chapter 11 agreement in January 2026 and emerges into a strengthening market. An exodus of truckload capacity, driven by regulatory crackdowns on noncompliant drivers, has pushed spot rates higher.
That inflationary trucking environment, compounded by rising diesel prices tied to Middle East conflict, helped drive an 8% year-over-year increase in total intermodal traffic on US Class I railroads during Q2 2026. Domestic rail container volumes rose by double-digit percentages.
What's the endgame? STG operates roughly 100 owned and partner facilities, 15,000 53-foot containers, and 3,000 tractors, offering coast-to-coast, cross-border, and intra-Mexico service. It also runs full-truckload and less-than-truckload services through a network of more than 25,000 carriers.
CEO Geoff Anderman said the deal positions the company "to invest in our people, our service, our technology, and our capabilities." STG said there was no disruption to service or to customer and vendor relationships during the process.
The signal: Intermodal is currently 31% cheaper than over-the-road truckload — well above the roughly 15% savings threshold that typically triggers modal conversion. A recapitalized STG lands in that widening gap just as shippers have fresh incentive to shift freight onto the rails.
Read more: FreightWaves
Image credit: hugh llewelyn
