STG Logistics

STG Logistics plans to expand intermodal network in Canada

Chicago area-based STG Logistics, which bills itself as providing “port-to-door” services for containerized goods, plans to expand its Canadian intermodal network beyond its current offerings in Toronto and Montreal.

STG plans to enter the markets of Vancouver, British Columbia; Calgary and Edmonton, Alberta; Winnipeg, Manitoba; Moncton, New Brunswick; and Halifax, Nova Scotia.

“We are excited to continue our intermodal growth by offering our best in class service to customers with Canadian...

https://www.freightwaves.com/news/stg-logistics-plans-to-expand-intermodal-network-in-canada

Teamsters celebrate NLRB decision on STG Logistics, see path to greater unionization

A dispute between the Teamsters and a company that provides multiple logistics services — which have faced off previously before the National Labor Relations Board — is being looked at by labor attorneys as a key battleground in the fight over independent contractor status and unionization.

On July 20, William Cowen, a regional director at the National Labor Relations Board (NLRB), ruled that STG Logistics workers at two California facilities are employees, not independent contractors, as the...

https://www.freightwaves.com/news/teamsters-celebrate-nlrb-decision-on-stg-logistics-see-path-to-greater-unionization

Las votaciones para la sindicalización en las instalaciones intermodales de STG en California se retrasan tras la apelación

Los resultados de una votación de sindicalización en una operación intermodal STG que había sido propiedad de XPO Logistics no han sido anunciados mientras la empresa trata de anular una decisión anterior que declaró que una parte de sus trabajadores eran empleados, no contratistas independientes. 

Las papeletas de votación se enviaron a finales de junio a los aproximadamente 260 trabajadores que fueron objeto de la declaración de empleados y del conductor de la sindicalización. Algunos de los...

https://www.freightwaves.com/news/las-votaciones-para-la-sindicalizacion-en-las-instalaciones-intermodales-de-stg-en-california-se-retrasan-tras-la-apelacion

Unionization votes at STG intermodal facility in California impounded after appeal

Results of a unionization vote at a STG intermodal operation that had been owned by XPO Logistics have not been announced while the company seeks to overturn an earlier decision that declared a portion of its workers were employees, not independent contractors.

Ballots went out in late June to the approximately 260 workers who were the focus of the employee declaration and the unionization driver. Some of the workers had been seeking both employee status and then unionization under the Teamsters...

https://www.freightwaves.com/news/unionization-votes-at-stg-intermodal-facility-in-california-impounded-after-appeal

NLRB says XPO/STG port drivers in California were employees, orders unionization vote

Drivers for the California-based intermodal operations of STG Logistics — which had been owned by XPO Logistics until a few months ago — will be casting a unionization vote over the next month under an order by the National Labor Relations Board.

The NLRB regional decision could have significant impact, because the agency’s regional director, William Cowen, ruled that a group of ostensibly independent owner-operators driving for XPO were actually employees of the company. The drivers owned their...

https://www.freightwaves.com/news/nlrb-xpo-stg-port-drivers-teamsters

Tras el acuerdo con XPO, el CEO de STG ve una “tormenta perfecta” de oportunidades

Thousands of intermodal containers of various colors are stacked at a port while storm clouds are in the background.

STG Logistics hizo una gran apuesta en el mercado de la carga de transbordo el mes pasado, adquiriendo la unidad intermodal de XPO Logistics en una transacción de $710 millones de dólares en efectivo. Sin embargo, los titulares del día se enmarcaron sobre todo en la perspectiva de XPO, ya que esa empresa ejecuta una estrategia de ruptura centrada en aumentar el valor para los accionistas.

Pero no hay que pasar por alto lo que la operación aporta a STG. 

STG, con sede en Chicago, es un proveedor...

https://www.freightwaves.com/news/tras-el-acuerdo-con-xpo-el-ceo-de-stg-ve-una-tormenta-perfecta-de-oportunidades

After XPO deal, STG CEO sees ‘perfect storm’ of opportunity

STG removes third-party capacity headwinds in latest deal.

STG Logistics made a big bet on the market for transloading freight last month, acquiring XPO Logistics’ intermodal unit in a $710 million cash transaction. However, the headlines from the day were framed mostly from XPO’s perspective as that company executes a breakup strategy focused on increasing shareholder value.

But what the deal provides STG should not be overlooked.

Vertical integration eliminates capacity concerns

Chicago-based STG is a containerized logistics provider offering services...

https://www.freightwaves.com/news/stg-ceo-sees-perfect-storm-of-opportunities-in-xpo-deal

Avanza la disolución de XPO, la unidad intermodal se vende a STG Logistics

A white tractor-trailer of XPO Logistics turning around a corner.

XPO Logistics anunció el viernes la venta de su unidad intermodal a STG Logistics por 710 millones de dólares en efectivo. La venta forma parte del plan de la compañía para dividir los activos que quedan tras la escisión de su segmento de logística de contratos el año pasado.

STG es un proveedor de logística de contenedores con pocos activos, con sede en Chicago. La empresa ha ido acumulando activos con el respaldo de la firma de capital privado del mercado medio Wind Point Partners. Ambas habían

https://www.freightwaves.com/news/avanza-la-disolucion-de-xpo-la-unidad-intermodal-se-vende-a-stg-logistics

XPO breakup advances, intermodal unit sold to STG Logistics

XPO one step closer to a pure-play LTL

XPO Logistics announced Friday the divestiture of its intermodal unit to STG Logistics for $710 million in cash. The sale is part of the company’s plan to break up the assets remaining after the spinoff of its European contract logistics segment last year.

STG is an asset-light containerized logistics provider based in Chicago. The company has been rolling up assets with the backing of middle-market private equity firm Wind Point Partners. The two had acquired 10 logistics outfits over the last...

https://www.freightwaves.com/news/xpo-breakup-advances-intermodal-unit-sold-to-stg-logistics

Latest deal lands STG Logistics a Port Everglades footprint

STG, Wind Point ink another deal

Asset-light air and ocean logistics provider STG Logistics announced Thursday it has acquired International Warehouse Services (IWS).

Florida-based IWS provides warehousing, trucking and distribution services out of its 250,000-square-foot facility in Port Everglades. The company’s full-time staff of 50 also offers brokerage and customs clearance.

Terms of the transaction were not disclosed.

“The IWS acquisition further expands our capabilities and presence in the strategically located and rapidly...

https://www.freightwaves.com/news/latest-deal-lands-stg-logistics-a-port-everglades-footprint

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