America’s Trucking Recession Claims Another Victim—$1.2B Debt Buries Ohio Trucking Giant And 2,150 Jobs

STG Logistics filed for Chapter 11 bankruptcy on January 12, 2026, citing $1.2 billion in debt as the U.S. freight recession persists.
Court papers for the STG Logistics Chapter 11 bankruptcy describe falling demand, lower rates, and higher expenses across intermodal and warehousing operations. The 41-year-old Dublin, Ohio company ran 15,000 intermodal containers, 3,300 chassis, and 4.5 million square feet of space with over 2,150 drivers.
STG sought $294 million in debtor-in-possession financing after entering with $34 million in unrestricted cash; creditors include Union Pacific, CSX, and Kansas City Southern de México.
Industry data show increased bankruptcies in 2025, rail intermodal softness, and a shift to private fleets handling 70.4% of outbound shipments.