PennyGem on MSN
Ohio trucking empire collapses under $1.2B debt—2,150 jobs wiped out as freight recession turns fatal
The freight recession that began in 2022 has now claimed one of America’s oldest logistics operators. STG Logistics, a ...
Fast Lane Only on MSN
US freight slump crushes Ohio carrier under $1.2B and 2,150 lost jobs
The prolonged downturn in freight demand has moved from abstract charts to painful reality in Ohio, where a major trucking ...
STG Logistics, the nation’s fourth-largest asset-based intermodal marketing company, filed for Chapter 11 bankruptcy protection in a New Jersey federal court today (Monday, Jan. 12). The ...
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