R&R Family of Cos. faces uncertainty amid executive departure and pay issues

UPDATE: FreightWaves has learned that the R&R family of companies is involved in acquisition discussions. According to a source familiar with the talks, “the R&R family of companies is being pursued by a buyer with scale and capability.”

Updated Jan. 13 at 2:30 p.m. ET

based in Pittsburgh R&R family of companies is facing increasing scrutiny after several industry sources raised concerns about lenders’ payment and support issues, while the company did not respond to repeated requests for comment on Monday.

The uncertainty comes after the departure of a senior executive at an R&R subsidiary and reports from carriers and restructuring professionals that some business units may be facing operational disruption.

R&R employs more than 500 truck drivers, brokers, mechanics and office staff in Pennsylvania, Tennessee, Texas and North Carolina.

While no bankruptcy filing has been confirmed, several recent industry discussions have described tighter credit conditions and signs of operational disruption among affiliated entities owned by the R&R Family of Companies, including R&R Express, RFX LLC, Taylor Express, Giant Energy Solutions, Paradigm Transportation and GT Worldwide Logistics, which provide brokerage and transportation services.

On Sunday, RFX CEO Nate Lourie shared a social media post claiming his role at the R&R-owned business had been terminated.

In recent months, the company has faced increased concern from carriers, owner operators and credit providers amid reports of slow or missed payments.

Officials with R&R Family of Companies did not respond to multiple requests for comment made by FreightWaves on Monday, including calls to the company’s headquarters in Pittsburgh and emails sent to company representatives.

his family of companies includes: