Laredo Trucking Company Files for Chapter 11
Cross-Border Logistics Company Cites Debts, Challenging Freight Market
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Texas International Enterprises Inc., a cross-border trucking and logistics company based inÌýLaredo, has filed for Chapter 11 bankruptcy protection amid mounting debts and a challenging freight market.
The company filed its petitionÌýDec. 6Ìýin theÌýU.S. Bankruptcy Court for the Southern District of Texas, Laredo Division, listing between $10 million and $50 million in both assets and liabilities. The case, assigned to JudgeÌýJeffrey P. Norman, is docketed as 25-50133.
According to the initial filing,ÌýTexas International EnterprisesÌýsaid it does not expect funds will be available for unsecured creditors after administrative expenses are paid. The company identified more than 200 creditors in its filing.
The carrier operates about 280 power units and employs roughly 600 drivers, according to federal transportation records. Its headquarters are atÌý13522 Evolution Loop, in theÌýKillam Industrial ParkÌýarea ofÌýLaredo.
Drivers could face layoffs depending on how the restructuring unfolds, however, no layoffs have been confirmed in court filings.
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In court filings, the company has sought permission to use cash collateral to continue paying employees and vendors while it restructures operations. Creditors includingÌýCommercial Credit Group Inc.ÌýandÌýRTS Financial Services Inc.Ìýhave filed objections to those motions, signaling potential disputes over financing and collateral.
The first meeting of creditors, known as a 341 meeting, is scheduled forÌýJan. 7, 2026, inÌýLaredo.
Texas International EnterprisesÌýis one of several trucking companies that have turned to Chapter 11 this year as freight volumes and rates have softened, squeezing margins across the industry.
