AGX Freight Sues Bank, R&R CEO Over Frozen $85M Credit Line

What happened to AGX Freight's credit line?

AGX Freight lost access to an $85 million revolving credit facility in late 2025 when Huntington National Bank stopped funding advances, according to lawsuits filed in U.S. District Court for the Western District of Pennsylvania. The Jacksonville-based freight broker says the frozen line stripped the company of working capital and pushed it toward insolvency while leaving carrier invoices unpaid.

The litigation ties directly to the collapse of R&R Family of Cos., the Pittsburgh logistics group that employed hundreds of workers and contracted with thousands of carriers before operations unraveled earlier this year. AGX has accused R&R CEO Richard "Rich" Francis and Huntington National Bank of forcing the broker into default.

Huntington filed its own lawsuit against AGX on April 10, alleging AGX entities remained jointly liable under the shared credit facility with other R&R-affiliated borrowers. The bank says AGX defaulted after lenders cut off funding amid worsening financial conditions across the R&R group, which included R&R Express, RFX, and GT Logistics.

Why the credit freeze matters for carriers

When a broker's credit line gets pulled, carriers waiting on payment move to the back of the line. AGX's lawsuit centers on unpaid carrier invoices that piled up after Huntington stopped advancing funds. The bank alleged the defaults included missed debt payments and failure to timely pay carriers, according to the court filing.

The $85 million facility was shared across multiple R&R-affiliated entities, meaning AGX's access to working capital depended on the financial health of the broader group. When conditions deteriorated across R&R Family of Cos. in late 2025, Huntington pulled the plug on new advances, leaving AGX unable to settle outstanding carrier bills from its own operations.

For small fleets and owner-operators who hauled loads brokered by AGX, the frozen credit line translates to delayed or missing payments on freight already delivered. The lawsuit marks the latest escalation in fallout that has spread from R&R's Pittsburgh headquarters to brokers and carriers across the country.

The R&R collapse timeline

R&R Family of Cos. and its affiliated entities began unraveling earlier this year, though Huntington's lawsuit indicates financial stress was visible by late 2025. The bank cited worsening conditions across the R&R group as the reason it stopped funding the revolving credit facility.

AGX's legal action against R&R CEO Richard Francis and Huntington suggests the broker believes the credit freeze was premature or improperly executed. The lawsuit alleges the bank and R&R leadership pushed AGX into insolvency by cutting off access to working capital the company needed to pay carriers and meet debt obligations.

Huntington's counterclaim argues AGX remained jointly liable for the full $85 million facility regardless of which R&R entity drew the funds. The bank also alleged AGX entities transferred real estate tied to the credit agreement, though the source text cuts off before detailing those allegations.

What joint liability means for affiliated brokers

The dispute highlights a structural risk for brokers operating under shared credit facilities with affiliated companies. AGX's liability under the $85 million line extended to defaults by other R&R borrowers, not just its own draws. When R&R Express, RFX, or GT Logistics missed payments or violated covenants, Huntington could freeze the entire facility and pursue all co-borrowers.

That structure works when the parent group stays healthy. It becomes a trap when one affiliate's financial trouble spreads to the others. AGX now faces claims for the full outstanding balance even as it argues the bank's decision to stop funding pushed the company into the default Huntington is suing over.

For carriers evaluating broker creditworthiness, the AGX case is a reminder that a broker's financial stability can hinge on entities outside its direct control. A broker with its own clean financials can still lose access to working capital if an affiliated company in the same credit structure hits trouble.

The bill for carriers and employees

R&R Family of Cos. collectively employed hundreds of workers before the collapse. The lawsuits do not specify how many AGX employees lost jobs or how many carrier invoices remain unpaid, but the $85 million credit facility size suggests the broker was moving significant freight volume before Huntington froze the line.

Carriers with outstanding invoices from AGX now join the creditor pool in what could become a protracted bankruptcy or wind-down process. STG Logistics took four months to exit Chapter 11 after filing in January, and that was a relatively clean restructuring with committed financing. AGX's entanglement with R&R's broader collapse could stretch longer.

The litigation is ongoing in the Western District of Pennsylvania. Neither Huntington National Bank nor R&R CEO Richard Francis has publicly commented on AGX's allegations.