STG LOGISTICS FILES FOR CHAPTER 11, SECURES $150M DIP TO CONTINUE OPERATIONS
Intermodal and drayage provider STG Logistics filed for Chapter 11 in New Jersey on January 12, saying operations will continue with $150 million in debtor-in-possession financing and a plan to cut about 91% of its debt and exit in roughly five months.
CURRENT, FORMER EXECUTIVES BUY USA TRUCK FROM DSV
USA Truck will return to Arkansas-based private ownership after a sale by DSV, marking the carrier’s third ownership change since 2022; the truckload fleet will operate under new parent UTAC while maintaining current leadership and operations.
BRAD JACOBS’ QXO UPSIZES FINANCING TO $3 BILLION TO FUEL DEALS
QXO added $1.8 billion in new commitments led by Apollo and Temasek, bringing total available financing to $3 billion to support an acquisition-driven strategy in building products distribution tied to construction and housing demand.
KOCH COS. BUYS STORE OPENING SOLUTIONS, DOUBLING KOCH LOGISTICS’ WAREHOUSE FOOTPRINT
Koch acquired Murfreesboro, Tenn.-based Store Opening Solutions from Marmon Holdings for an undisclosed sum, adding retail FF&E inventory capabilities and more than doubling Koch Logistics’ warehousing beyond 3 million square feet.
TENNESSEE ORDERS 8,000 CDL HOLDERS TO VERIFY CITIZENSHIP OR FACE DOWNGRADE
Following a records audit, Tennessee is notifying about 8,000 CDL holders to provide proof of U.S. citizenship or lawful presence by April 6, 2026, or have their CDLs downgraded to noncommercial status until documentation is presented.
NEWSOM SEEKS $200 MILLION TO BACKFILL EV TAX CREDITS IN CALIFORNIA
Gov. Gavin Newsom proposed $200 million in state rebates to offset the loss of federal EV tax credits, with details to be negotiated in Sacramento; the move could affect commercial fleets’ electrification plans and procurement costs in the state.
TRUMP ANNOUNCES 25% TARIFF ON NATIONS ‘DOING BUSINESS’ WITH IRAN
President Trump said Jan. 12 the U.S. will levy a 25% tariff on imports from countries engaged in commerce with Iran, a sweeping move with unclear scope that could snarl trade lanes and increase landed costs for U.S. shippers and carriers handling those flows.
SUPREME COURT REJECTS HERTZ APPEAL, LEAVING $320M BONDHOLDER PAYOUT INTACT
The Court declined to hear Hertz’s case, effectively upholding a 2024 ruling that the company owes make-whole premiums and higher contractual interest after emerging solvent from bankruptcy—an outcome watched by transportation financiers and lessors.
CANADIAN TRIPS TO U.S. FELL 28% IN 2025 AMID TARIFFS AND BORDER TENSIONS
Statistics Canada reported a sharp drop to 22.9 million U.S. trips last year, reflecting strained cross-border sentiment and policy frictions—factors that could impact leisure travel freight, fuel sales, and cross-border trucking demand in some corridors.
USED CLASS 8 SALES SLIP IN NOVEMBER, ENDING FIVE-MONTH RUN OF Y/Y GAINS
ACT Research data show November used Class 8 sales fell 1.5% year over year to 20,400 units, with average retail prices down 5.2% to $53,654—signaling continued pressure on equipment values as carriers navigate a slow freight recovery into 2026.
U-HAUL DRIVER ARRESTED AFTER DRIVING INTO WESTWOOD PROTEST, LAPD SAYS
Los Angeles authorities arrested a 48-year-old man on suspicion of reckless driving after a U-Haul truck drove into a crowd at a Jan. 11 protest in Westwood; two people were evaluated but declined transport, according to LAFD and LAPD updates on Jan. 12.
HIGHWAY BILL TOPS 2026 CONGRESSIONAL AGENDA; FUNDS FMCSA AND TRUCK PARKING
Lawmakers are prioritizing a transportation “minibus” with roughly $927 million for FMCSA and, in the House version, $200 million for expanding truck parking nationwide, while the new NDAA includes provisions improving DoD freight moves and driver access at bases.
TRUMP ‘INCLINED’ TO KEEP EXXON OUT OF VENEZUELA AMID OIL POLICY PUSH
President Trump suggested he may keep Exxon from reentering Venezuela’s oil sector after executives expressed skepticism—an energy policy signal that could influence crude supply expectations and downstream diesel price outlooks for trucking.
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