STG Exits Chapter 11, $104M Wrongful Death Verdict, & USPS Flies Mail for UPS | The Morning Minute
In this episode, we kick things off by examining a strategic financial comeback landing at precisely the right moment for the intermodal sector. STG Logistics has emerged from Chapter 11 protection after slashing its funded debt by approximately ninety percent and securing one hundred fifty million dollars in fresh capital from Fortress, Fidelity and Invesco. The timing couldn't be better: intermodal is currently thirty-one percent cheaper than over-the-road truckload service, helping drive an eight percent year-over-year increase in total intermodal traffic on U.S. Class I railroads during…
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