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R&R Family of Companies sells WLX/WLE units to CJK Group
Yahoo Finance· 2026-01-20 15:02
Core Insights - R&R Family of Companies has divested its logistics subsidiaries WLX|WLE amid liquidity concerns and employee layoffs [1][4] - CJK Group has acquired WLX|WLE, which will continue to operate under its existing brand and leadership [1][2][3] Group 1: Acquisition Details - CJK Group completed the acquisition of all assets of WLX|WLE, although financial terms were not disclosed [1] - WLX|WLE provides logistics and transportation services across the U.S., Canada, and Mexico, operating 66 trucks and employing 39 drivers [2] Group 2: R&R Family of Companies' Challenges - R&R Family of Companies has faced multiple challenges, including carrier complaints, executive turnover, and tightening credit conditions [4] - The company experienced significant pressure following the abrupt shutdown of its trucking subsidiary, Taylor Express, which left drivers stranded [5]