A Miami-based trucking company and freight brokerage, which also owns a CDL training school, filed for Chapter 11 bankruptcy protection recently.
Soler & Soler Hauling Inc. filed its petition in the U.S. Bankruptcy Court for the Southern District of Florida on March 10.
According to its website, Soler & Soler Hauling was founded in 2011 by two brothers, Edisley Soler Negrin, 37, of Miami, who serves as its president, and Elisbel Soler Negrin, 38, who is the vice president of the company. The company’s broker authority was granted in March 2019, according to the Federal Motor Carrier Safety Administration SAFER website
The company, which has 22 tractors and 42 drivers, hauls mainly refrigerated freight throughout the U.S. and Canada. Its website states it also hauls general freight, building materials and paper products.
In court filings, Soler & Soler Hauling cited “financial hardship in the past 12 months, with the most recent months being particularly difficult,” as one of the main reasons it was forced to file for bankruptcy protection. The owners listed that “negative cash flow in the past eight months, high fuel prices and a higher than usual cost to keep their fleet active” were also contributing factors.