AGX Freight alleges R&R and Huntington Bank drained its working capital, leaving $12M in unpaid carrier invoices and pushing it toward insolvency.
AGX Freight has filed lawsuits against R&R Family of Cos., CEO Richard Francis, and Huntington National Bank, accusing them of depleting its working capital and triggering insolvency. The disputes stem from an $85 million revolving credit facility shared among R&R-affiliated borrowers, which lenders froze in late 2025 amid financial deterioration across the group.
Huntington Bank alleged in a separate lawsuit that AGX entities defaulted on the credit line, citing missed debt payments, unpaid carrier invoices, and admissions of inability to meet obligations. As of April 9, over $12 million remained outstanding on the operating loans. AGX countered with claims that R&R and its affiliates mismanaged funds, exacerbating its financial distress.
The litigation highlights the broader collapse of R&R’s logistics operations, which employed hundreds and worked with thousands of carriers before unraveling earlier this year. The fallout has left multiple entities entangled in legal battles over unpaid debts and frozen credit lines.