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STG Logistics Inc., one of the largest firms in the nation’s logistics industry, filed for Chapter 11 bankruptcy protection Jan. 12. 

At the same time, STG also said it entered into a restructuring support agreement with its equity sponsors and lenders that control the majority of its debt. That deal aims to significantly reduce the company’s outstanding debt obligations as well as secure up to $150 million of new capital from lenders and strengthen its balance sheet. 

Founded in South Kearny as St. George Logistics, STG now has its headquarters in Columbus, Ohio. The company filed in the U.S. Bankruptcy Court for the District of New Jersey. 

Geoff Anderman took over as CEO of STG Logistics in April 2025. In a statement, he said the decision was made amid “one of the most severe freight recessions in history.” 

“We are confident that leveraging the chapter 11 process will best position the business for long-term growth and success,” Anderman added. 

STG offers integrated port-to-door services and supply chain solutions for cargo owners and logistics providers. Its many acquisitions in recent years included the intermodal division of XPO Logistics in March 2022 for approximately $710 million. 

‘We are not going out of business’

On a dedicated “Path Forward” page on its website, STG assured customers that, “Chapter 11 does not mean we are going out of business or liquidating; it is a court-supervised process in the U.S. where companies can improve their financial situation while operations continue.” 

It also vowed to continue operating business as usual, “with no anticipated disruption to go-forward payments for our valued partners.” 

STG noted it filed several “first day” motions that, if approved by the court, will enable the company to continue to pay employee wages and benefits, maintain all customer programs, fulfill go-forward payments to key vendors and execute other functions. 

Kirkland & Ellis LLP and Cole Schotz PC serve as legal counsel. AlixPartners LLP serves as financial and restructuring advisor and PJT Partners LP serves as investment banker. C Street Advisory Group serves as strategic communications advisor to the STG. 

Dunn & Crutcher LLP represents the ad hoc group of existing lenders as legal counsel, and Evercore Group LLC as financial advisor. White & Case LLP serves as counsel to the special committee of the company’s board of managers. 

According to its website, STG maintains Garden State operations in Newark and North Bergen. The company services every major rail ramp and port in the country, according to STG.