Laredo carrier Texas International Enterprises files for Chapter 11

Laredo-based cross-border trucking company Texas International Enterprises Inc. filed for Chapter 11 bankruptcy protection on Saturday, reporting between $10 million and $50 million in both assets and liabilities. The carrier estimates it has more than 200 creditors, and classifies itself as a corporation engaged in interstate freight operations, according to the petition. The company said that “after any administrative expenses are paid, no funds will be available for distribution to unsecured creditors. ...