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Laredo Trucking Company Files for Chapter 11
Cross-Border Logistics Company Cites Debts, Challenging Freight Market
Texas International Enterprises Inc., a cross-border trucking and logistics company based in Laredo, has filed for Chapter 11 bankruptcy protection amid mounting debts and a challenging freight market.
The company filed its petition Dec. 6 in the U.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 Judge Jeffrey P. Norman, is docketed as 25-50133.
According to the initial filing, Texas International Enterprises said 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 at 13522 Evolution Loop, in the Killam Industrial Park area of Laredo.
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 including Commercial Credit Group Inc. and RTS Financial Services Inc. have filed objections to those motions, signaling potential disputes over financing and collateral.
The first meeting of creditors, known as a 341 meeting, is scheduled for Jan. 7, 2026, in Laredo.
Texas International Enterprises is 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.
