The nation’s fourth-largest asset-based intermodal marketing company, STG Logistics, filed for Chapter 11 bankruptcy protection in a New Jersey federal court on Monday. The pre-negotiated plan wipes out 91% of the company’s nearly $1 billion debt load and gives it $150M in new capital to support core business operations and to pay employees and vendors. The debt-for-equity deal with sponsors and lenders is not a wind down. The company expects to emerge from bankruptcy in approximately five months. “The ...