Beware CRST lease purchase.

Discussion in 'Report A BAD Trucking Company Here' started by LightEnd, Sep 29, 2023.

  1. LightEnd

    LightEnd Bobtail Member

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    I was just rudely told that CRST could not help me and to have “good luck” for asking simple business related questions to a recruiter for CRST. They sent me a financial estimate which portrays 2.02 average loaded mile rate with an additional .61 cpm fuel surcharge. But the math doesn’t work out.

    which portrayed a gross income for a 3500 mile week at 7,000 $.

    I pointed this out to him and asked him if this was an accurate representation of the current rates they are offering of 70% of the haul.

    this obviously can’t be the case.

    when I questioned this via text message I was basically told that “just by reading my texts it doesn’t seem like CRST can make me happy, good luck”

    What all this means to me is that anyone that asks any sensible questions is blown off.


    Am I bad at math?

    I cannot find a way to post a screenshot of the financial statement they sent me but I will duplicate it here.

    Revenue
    Loaded miles per week 3500
    Average RPLM 2.02. 4,935.00
    FSC/mile. 0.61. 2,065.00
    Revenue subtotal. 7,000.00

    This financial statement is very misleading.

    3500 miles and 7,000 gross comes out to 2.00 a mile.

    it should read
    Average RPLM 1.39. = 4,865.00
    Fuel surcharge 0,61. = 2,135.00
    Revenue subtotal. = 7,000

    the financial statements numbers don’t even add up and they expect people to partner in business with them? Not only that but when you ask questions about it they “cannot help you”

    this stinks of a fleece agreement
     
    Last edited: Sep 29, 2023
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  3. Opus

    Opus Road Train Member

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    Math.....it's a new concept to some people.
     
  4. Lonesome

    Lonesome Mr. Sarcasm

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    Best to go out and buy your own truck. Most of these L/P plans are skewed towards the carrier.
     
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  5. LightEnd

    LightEnd Bobtail Member

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    Edit: remove picture
     
    Last edited: Sep 29, 2023
    Reason for edit: Not sure about legality of posting this image
  6. Pepper24

    Pepper24 Road Train Member

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    1st red flag should be the loaded 3500 miles.You would be running about 5000 miles a week when you add empty miles between loads. I did about 15 years ago have my own truck and step deck leased to them as far as having your own equipment they weren’t bad there loads were real scarce once you got outside mid west ( Chicago area) and south (mostly Gregoria Alabama) you could run broker loads. I would never do a lease purchase to many bad stories with them when I was there
     
    Last edited: Sep 29, 2023
    Blackeagle23, Dennixx and Opus Thank this.
  7. LightEnd

    LightEnd Bobtail Member

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    Is there any such thing as a mutually beneficial lease with a carrier or is it simply a way for them to profit without any of the traditional expenses and liability of operating a truck?
     
  8. Opus

    Opus Road Train Member

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    I did pretty well at Schneider, but that was when fuel was $2 a gallon.
    Right now I'd say it's not a good time to lease.
     
  9. LightEnd

    LightEnd Bobtail Member

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    Basically their MO seems to be “here I’m going to send you some numbers that don’t add up and says it applies to “team drivers” and if you ask any questions or point out the discrepancy, instead of clarifying I’ll just send you on your way. That just seems like they are looking for people who are naive.
     
    Blackeagle23 Thanks this.
  10. LightEnd

    LightEnd Bobtail Member

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    They don’t have a FSC?
     
  11. Dennixx

    Dennixx Road Train Member

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    My first redflag is CRST
     
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