Power to Drive Program from TST Truckload Express

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Silver_Silence, May 4, 2007.

  1. Silver_Silence

    Silver_Silence Bobtail Member

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    Apr 29, 2007
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    Hail all fellow Truckers,
    This is my first post here.

    I would like to ask if anyone can give comment on Power to Drive Program from TST Truckload Express, a Canadian company. The program claim to help you become o/o in 60 days. Apparently, it give you the job training, the truck sale and finance all in one package. I read it somewhere the company would pay you $5K downpayment of the truck. The program receive Program of the Year Award. Sounds pretty good - but could be because of good PR and sale presentation. It could be a good opportunty for company driver to make transition, or it could just be a nice sale package to rip off the unawaring. Anyone know the inside scoop?
     
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  3. Burky

    Burky Road Train Member

    I'm going to give you the benefit of the doubt for right now, but this posting comes very close to the definition of an advertisement. Based on how much posting you do, and what you have to say, I may revisit my decision and decide in the future that this was an ad, in which case it will be deleted.
     
  4. Joethemechanic

    Joethemechanic Medium Load Member

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    Mar 22, 2006
    Phila Pa
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    Sounds like a scam if there ever was one to me. Buying trucks on credit from the company you are going to lease to is a bad idea. Might I add so is using their base plate, IFTA account, and asking for advances for fuel and tolls.

    I hate to say it but if you do any of the above things, your carrier looks at you like a poor broke down trucker that can't handle money.

    As soon as you tip your hand like that, it is all over. you are going to run for whatever they offer.

    If you can't afford to buy a truck on your own, and have enough put away Base Plates, fuel, and maintenance, and about another $10,000 put away for a rainy day. You just have to keep working and saving until you get there.
     
  5. Burky

    Burky Road Train Member

    Having been contacted by Silver_Silence, I am now assured that this is not an ad and is a valid question. I apologize for any misunderstanding.
     
  6. coastie

    coastie Road Train Member

    2 things.

    1. If it sounds to good to be true, run away, for most of the time it no good.

    2. Most of these you either have to lease on to them or a selected few companies. These Companies may not be the best companies out there.

    There was a Company similar to this in Columbia,SC that I looked into. If you get a truck from them, you had to lease on to a Company that is in support of them. And the Companies they had listed were not so great in my view. With them it would have been hard to make enough to make the payments on the Truck, much lesss make a living.
     
  7. buck and a half

    buck and a half Mr. Miles & Miles with Many Smiles

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    Aug 11, 2006
    madison,me
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    I have had some canadian drivers tell me that their company had that kind of deal,although I never put much stock into it,being how i know the us companies screw you on lease purchase deals. On the other hand I have heard there are at least 2 canadian companies that you can actually be successful doing that,I only know what I have been told of it,but,didn't really care as I am from us.
     
  8. vargagirl

    vargagirl Bobtail Member

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    Sep 27, 2008
    Guelph, Ontario
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    Hey I just heard about TST, too. They've partnered with a truck company you can buy or lease from, an industry-specific accounting firm, and an insurance firm. According to what they told me, if you make it through their training, which pays 500 per week for 4 weeks, you get $3ooo towards the truck's down payment if you use the truck dealership they have partnered with. Also, you get the first 6 months of accounting, which includes coaching on paperwork completion, deductions, possible areas of financial improvement, if you use thier accounting firm.

    Has anyone gone through this program? It sounds like smart business on their part to give each other business during a rough time in the industry. Or are they selling dreams of being an owner /operator in an industry that is increasingly hostile?
     
  9. angry_trucker

    angry_trucker Light Load Member

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    Aug 30, 2009
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    I have just did some research into that "power to drive" deal"as well...it sounds really good...except i feel that there could be an conflict of interest, where you are required to buy your tractor from a specific freightliner dealer.
    Myself personally, i'm biased against freightliners...also their advertisement talks about getting you into a "late model"....which is fine if youre looking for big truck payments....personally i was thinking about getting a used truck in the $ 15000 range, there are lot of good used tractors in that category and if you play your cards right it means more money in your pocket...
    I'm not sure what to make of this one, i'm still doing my research....
     
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