STG Logistics Cuts $1B in Debt, Plans May Exit from Bankruptcy
Intermodal marketing company settles with minority lenders, gains $150M fresh capital and majority ownership shift to Fortress and Invesco.
#Intermodal
41 posts tagged with this topic.
Ocean Rate Surge Hits Domestic Trucking: What Iran Conflict Means for Your Lanes
Trans-Pacific container rates jumped 22% in a month as Middle East disruptions cascade through Asian transshipment hubs, and the ripple is already reaching…
Import Volumes Sit 36% Below 2021 Peak as Domestic Rates Climb
Ocean container requests are running near multi-year lows for April, leaving the current freight market flip driven by domestic factors: not the import surge…
Union Pacific Posts Record Q1 Revenue Despite 1% Volume Drop
Operating income up 4% to $2.45 billion as the Class I railroad improves velocity and cuts terminal dwell to 19.7 hours, but premium traffic falls 9%.
Norfolk Southern Profit Falls 27% in Q1 as Insurance Bump Ends
The Class I railroad posted a sharp earnings drop after insurance payments from the East Palestine derailment dried up: a reminder that one-time windfalls…