AGX Freight Halts Operations Amid Lender Dispute, Citing Capital Access Block

AGX Freight Group suspended all operations effective January 31, 2026, after a senior secured lender restricted access to working capital, despite the company claiming no default and sufficient liquidity. President Mike Williams stated the issue is “not liquidity — it is accessibility,” asserting AGX had funds to pay employees, agents, and carriers. Weeks of efforts to secure interim financing or restructure ownership failed to resolve the impasse. Founded in 2016, the Jacksonville-based logistics firm offered truckload, LTL, and intermodal services and employed approximately 50 people prior to shutdown. Carriers are now seeking payment clarity, while industry fraud monitors warn of potential impersonation scams using AGX’s name. FreightWaves first reported the suspension on January 29, 2026.