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Former employees detail turmoil before R&R Family of Companies collapsed
Yahoo Finance· 2026-01-22 21:53
Core Insights - The R&R Family of Companies, based in Pittsburgh, collapsed due to prolonged internal instability, financial strain, and deteriorating operations across its subsidiaries [1] Group 1: Company Operations - R&R Family of Companies operated various logistics units, including R&R Express, GT Logistics, RFX LLC, and Taylor Express, and abruptly ceased operations, leaving drivers stranded and employees unpaid [2] - At its peak, the company employed over 500 workers across multiple states, including Pennsylvania, Texas, Colorado, North Carolina, and Tennessee [4][6] Group 2: Internal Issues - Former employees indicated that the shutdown was anticipated due to ongoing issues such as payment delays, leadership turnover, unvetted acquisitions, and overridden internal controls [3] - A former employee noted that the financial problems intensified following the acquisitions of Load to Ride and Taylor Express in 2023, with the Load to Ride acquisition being particularly detrimental [6][7] Group 3: Financial Strain - The acquisition of Load to Ride resulted in the company inheriting aging equipment that required extensive maintenance, which drained cash reserves and led to delays in carrier payments [7][8] - The financial strain was exacerbated by the need to sell off poor-quality equipment, which resulted in significant maintenance costs, ultimately impacting the company's ability to pay carriers [8]