A Jacksonville, Florida-headquartered logistics company has shuttered operations until further notice due to “an ongoing dispute between a related company and a senior secured lender.”
AGX Freight announced last week that it would indefinitely suspend operations as of January 31, 2026, because a lender “has restricted the Company’s access to working capital, preventing the Company from utilizing available funds to support day-to-day operations.”
The company says that it “has actively pursued a solution to escape the impact of the dispute, including interim access to funds which would have allowed the Company to operate until the dispute reached a resolution, secure new financing, and restructure the Company’s ownership, which was well underway prior to today’s announcement.”…