R&R Family of Companies faces uncertainty amid executive departure, payment concerns

Pittsburgh-based R&R Family of Companies is facing increasing scrutiny aft aggregate manufacture sources raised concerns astir outgo issues and lender support, portion the institution failed to respond to repeated requests for remark connected Monday.

The uncertainty follows the termination of a apical enforcement astatine an R&R subsidiary and reports from carriers and restructuring professionals that immoderate concern units whitethorn beryllium facing operational disruption.

R&R employs much than 500 motortruck drivers, brokers, mechanics and bureau unit crossed Pennsylvania, Tennessee, Texas and North Carolina.

While nary bankruptcy filing has been confirmed, aggregate caller manufacture discussions person described tightened recognition presumption and signs of operational disruption crossed affiliated entities owned by R&R Family of Companies, including R&R Express, RFX LLC, Taylor Express, Giant Energy Solutions, Paradigm Transportation and GT Worldwide Logistics, which supply brokerage and proscription services.

On Sunday, RFX CEO Nate Lourie shared a societal media station stating that his relation astatine the R&R-owned concern had been terminated.

Over the past respective months, the institution has faced accrued interest from carriers, owner-operators and recognition providers amid reports of dilatory oregon missing payments.

Officials for R&R Family of Companies did not respond to aggregate requests for remark placed by FreightWaves connected Monday, including calls to the company’s Pittsburgh office and emails sent to institution representatives.

Its household of companies includes:

• Pittsburgh-based Giant Energy Solutions.

• Pittsburgh-based GT Worldwide.

• Pittsburgh-based Paradigm brokerage.

• Pittsburgh-based R&R Power Only.

• Pittsburgh-based R&R Express.

• Pittsburgh-based R&R Global.

• Houston-based RFX refrigerated freight logistics and brokerage provider.

• Hope Mills, North Carolina-based Taylor Express.

This is simply a processing communicative that FreightWaves volition proceed to cover.

The station R&R Family of Companies faces uncertainty amid enforcement departure, outgo concerns appeared archetypal connected FreightWaves.