Overview Key strengths Key risks One of the largest providers of intermodal transportation services in the U.S. Lower truck pricing and consumer spending on goods could weaken intermodal demand for the next several quarters Long-term contracts with Class I railroads Operational problems at Class I railroads have contributed to decreased intermodal service quality and volumes Limited asset ownership provides flexibility during periods of lower demand Limited track record as a combined entity under current ownership Following the company's acquisition of XPO Intermodal (XPOI) business last year, Reception Purchaser LLC (the borrower and parent company of operating entity STG Logistics Inc.) derives the majority of its revenue and earnings from arranging intermodal transportation, which involves the movement of containerized freight via