AGX Freight Sues Over Frozen Credit Line, Unpaid Carrier Invoices in R&R Collapse

Key Details Jacksonville-based AGX Freight has filed lawsuits against R&R Family of Cos., CEO Richard Francis, and Huntington National Bank, claiming they were stripped of working capital and pushed toward insolvency. The litigation stems from the broader collapse of the Pittsburgh logistics group, which employed hundreds of workers and serviced thousands of carriers before operations unraveled in 2025. The Credit Dispute Both sides have filed competing claims. Huntington alleges AGX entities defaulted on an $85 million shared revolving credit facility and owe more than $12 million in outstanding operating loans as of April 9. The bank claims it stopped funding advances in late 2025 due to worsening financial conditions across the R&R group. AGX's Counter-Claim AGX argues it was an innocent co-borrower unfairly penalized for R&R's failures. The Jacksonville broker claims Huntington froze its borrowing advances due to defaults elsewhere in the R&R lending group, despite AGX maintaining separate accounting and operational controls. This forced AGX to cease operations while leaving approximately $3 million owed to independent motor carriers. Why It Matters These lawsuits reveal how interconnected lending structures can threaten even solvent affiliated companies. Carriers waiting on payments from AGX and other R&R entities face significant financial exposure during this legal process.