🎣 STG Files For Bankruptcy

Plus: cyberattacks to surge in 2026, Port of Long Beach growth path, capacity cuts hold the line

🎣 STG Files For Bankruptcy

Happy Hump Day. STG’s Chapter 11 filing puts a renewed focus on the financial stress inside core intermodal and drayage networks.

Plus:

  • Cyberattacks to Surge in 2026
  • Port of Long Beach Growth Path
  • Capacity Cuts Hold the Line

🤔
Question of the Day: Cyberattack incidents jumped __% in 2025. Find the answer below.

Today's Newsletter is Brought to You by Epay Manager.

🍳 What's Cookin' In Freight

Image Source: Cybercrime Magazine

Cyberattacks Surge Expected in 2026. Everstream Analytics reports cyberattacks on logistics networks are set to double in 2026 after rising nearly 1,000% since 2021. Incidents jumped 61% in 2025 as attackers shifted toward shared carriers, ports, and platforms. State-linked activity tied to Russia, China, and Iran increased across transport infrastructure. Aleksander Frelas, Founder of Velite, said attackers target vendors because “one breach can stall operations across multiple customers,” driving faster payouts and higher leverage.

Port of Long Beach Sets Growth Path. Port of Long Beach handled record cargo in 2025 despite tariff volatility and shifting trade lanes. New CEO Noel Hacegaba said the port is planning now to double capacity by 2050. “We have 24 years to figure this out,” he said. The port moved 9.8 million containers last year and projects 20 million by mid-century, supported by $3.2 billion in rail investments and a push toward zero-emission terminals.

📦 Capacity Cuts Hold the Line. The trucking market tightened into 2026 as capacity exits proved durable, not seasonal, according to FreightWaves’ State of Freight. Craig Fuller said inventory levels hit a record-low 35.1, setting up restocking pressure. “The bottom is coming up,” Fuller said, pointing to carrier exits tied to regulatory enforcement. SONAR data shows tender rejections holding above 10%, even in a soft demand environment.


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STG Logistic Files for Chapter 11 Bankruptcy

Image Source: STG Logistics/LinkedIn

STG Logistics filed for Chapter 11 on January 12, 2026.

Operations continue, but the filing exposes real network risk for importers, brokers, and 3PLs that rely on STG across ports, rail, and inland distribution.

What Happened

STG entered Chapter 11 with a prearranged restructuring plan that:

  • Eliminates 91% of nearly $1 billion in debt
  • Secures up to $150 million in debtor-in-possession financing
  • Keeps intermodal, drayage, transload, and warehousing operations running

CEO Geoff Anderman said in a press release, the process is designed to strengthen STG during what the company called “one of the most severe freight recessions in history.”

STG Logistics Announces Strategic Transaction to Strengthen Financial Foundation and Market Position - STG Logistics
LTL trucking supports efficient freight movement by consolidating less than truckload shipments into reliable regional and national carrier networks.

STG expects to exit bankruptcy in roughly five months.

The Backstory

STG’s balance-sheet pressure traces back to its 2022 acquisition of XPO’s North American intermodal business.

The deal significantly expanded STG’s footprint just as freight demand began to fall.

The company previously spoke about scaling, integration, and network density as strategic advantages in a FreightCaviar podcast in 2023.

Unfortunately, when the market turned, that same scale amplified financial strain as rates compressed and volumes weakened.

Why This Matters Operationally

STG operates:

  • 48 intermodal locations
  • 28 port facilities
  • Over 5 million square feet of warehouse space

If STG touches your freight, exposure exists at the drayage, transload, or intermodal handoff.

Union Pacific, owed more than $13.4 million, is STG’s largest creditor.

The Takeaway

STG says operations are stable...and today, they are.

But Chapter 11 turns vendor risk into a present-tense issue.

For brokers, 3PLs, and shippers, this filing reinforces a hard reality: freight networks built during the boom are now being stress-tested in real time.


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 🌎 Around The Freight Web

Image Source: DAT/LinkedIn

🥑 Super Bowl Guac. Reefer capacity is tightening as Super Bowl demand spikes. Spot rates are surging on McAllen, Nogales, and Laredo lanes.

🤝 Sope x Chain. Sope Creek Capital partnered with Chain, backing practical freight technology focused on operator workflows, execution speed, and durable growth.

💰 Deficit Narrows. The U.S. budget deficit fell to $1.67 trillion in fiscal 2025, reflecting higher tax receipts and slower spending growth.

⛽ Fuel Hauler Relief. PHMSA finalized a rule restoring a decade-old marking exception and digitizing cargo tank inspections.

👮‍♂️ Testing Rates Set. USDOT set 2026 random drug and alcohol testing rates for truckers, keeping controlled-substance testing at 50% and alcohol testing at 10%.

🚓 GPS Drug Bust. Miami police recovered more than 230 pounds of marijuana after tracking a stolen trailer’s GPS signal to a warehouse.


🎣 THE FREIGHT CAVIAR CORNER

  • FreightCaviar Podcast: We sat down with David Spencer, VP of Market Intelligence at Arrive Logistics, to discuss navigating a volatile freight market, his outlook for Q1, and how AI is shaping freight strategy. Catch the episode on YouTube, Spotify, or Apple Podcasts.
  • Now Hiring: Western Reserve Logistics Group is looking for a remote Logistics Account Manager.

FREIGHT HUMOR

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