So is CRE bad even if you don't sign as a O/O?

From their website:

You will now move into Phase II training. For 60 days you will be 2nd seat with an independent contractor. This will give you the opportunity to observe our lease program up close and gain additional driving experience. You will be paid 12 cents per mile for all truck miles, pickup and drop pay and detention. (The average pay will be $450 to $600 per week) You will be required to complete four learning modules during this phase of your training.

Your options are:

• Lease your own truck and become an independent contractor running your own business
• Lease your own truck with a six-month demo lease
• Remain as a second seat at 13 cents a mile and continued company benefits

More here:
http://www.crengland.com/truckingjobs/index.jsp?page=student_overview