Soar Transportation Group

Discussion in 'Lease Purchase Trucking Forum' started by truckerjosh2011, Nov 25, 2018.

  1. truckerjosh2011

    truckerjosh2011 Bobtail Member

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    Mar 28, 2014
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    From what I understand, old company under new brand/owner. Seen postings on indeed for my area but no real history. FB somewhat updated, most neg reviews come from Kelles Transport.

    Anyone know anything about them and their LP? Gonna secret shopper them tomorrow so may have some more info.
     
  2. Omega1

    Omega1 Medium Load Member

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    Any update? Their adds sound enticing. Almost too good to be true. Go figure.
     
  3. Wallmonger

    Wallmonger Bobtail Member

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    Dec 12, 2018
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    Just spoke with a recruiter earlier so take this information with a grain of salt.

    They were formally Kelle's Transport Service, were bought out and re-branded, as well as new management.

    The company runs primarily west and midwest doing raw product loads west to east(fruits, veg, etc) and finished product going back west.(Fries, chips, etc.)
    You do not pay for reefer fuel, no trailer rental fee. There is no layover or detention pay.
    I do not believe it is a walk away lease it is through wasatch. Payments are 780 per week for the 1st year and 680 for the next 3 years.

    WEEKELY DEDUCTIONS

    Base Plate & Permits
    $44.23
    Physical Damage
    3.22% of Equipment Value
    Bobtail/NTL
    $8.31
    Occ/Acc
    $31.38
    Administration Fee
    $25.00
    ELD Fee
    $16.00
    PrePass
    $4.00
    Trip Pak
    $10.00
    Fuel & Mileage Tax
    $0.01 per mile
    Escrow
    $2,000.00 & $2,500.00
    $0.03 per mile until $2,000.00; $50 per week until $2,500.00
    Federal Heavy Use Tax: 2290
    $550.00
    - Required items can be purchased through SOAR or I/C can provide their own Copy of Insurance to meet minimum requirements; (IC can also purchase through us if needed – True North Insurance)
    • Physical Damage Insurance – minimum of $25,000.00
    • Bobtail / Non-trucking Liability Insurance – minimum of $1,000,000.00
    • Occupational Accident Coverage Insurance – no minimum, just need a copy to verify that it is valid/active
    • General Liability Coverage – minimum of $1,000,000.00
    • Cargo Insurance – minimum of $100,000.00
    Im sure i missed something, but I hope this helps, i have attached a PDF of the truck specs.
     

    Attached Files:

    Last edited: Dec 12, 2018
    Reason for edit: I got a public education...
  4. truckerjosh2011

    truckerjosh2011 Bobtail Member

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    Thanks for the info. Heard of that leasing company before o believe they are out of Utah but I know for the 2019 models they require 10k down so not sure how they are able to pull off no money down....

    If I remember correctly even the walk in LP driver who pays the 10k even had a buy out. Deductions seem more of the norm I guess we will just have to wait for a guinea pig to see actual numbers and how the settlements pan out. Thanks again!
     
  5. Omega1

    Omega1 Medium Load Member

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    Just saw on their website they pay HHG miles. No thanks on that one.
     
    SteerTire Thanks this.
  6. Wallmonger

    Wallmonger Bobtail Member

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    Dec 12, 2018
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    Hey truckerjosh, they told me that it was no money down to get started thats why the payments are 100 a week extra for the first year, however the recruiter said that the fuel tax is needed up front($550?) and you would have to pay for a new physical if needed. Also the company does not hair test.
    Omega I'm not sure what HHG miles are can you explain that to me?
    Here is the pay scale for ICs according to their website.

    LEASE PURCHASE ADVANTAGES:
    • Average weekly miles = 2,560
    • Average Deadhead = 7.5%
    • Pay is 70% of gross linehaul revenue
    • Average gross pay annually = $200,000 plus a year
    • 100% pass thru fuel surcharge
    • Company paid reefer fuel
    • Detention Pay
    • Weekly Settlements
    • Blue Chip customers
    • No-Touch Freight
    • Consistent miles
    • No trailer rental
    • Discounted service rates & prices
    • Company fuel network & discounts 100% pass thru (average 29¢ per gallon in 2017)
    • EFS card for fuel, def, reefer and scales (all charges will be applied directly to trip & deducted at time of payment
    • Single Source Dispatch (Independent Contractor dispatch)
     
  7. truckerjosh2011

    truckerjosh2011 Bobtail Member

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    Wasatch has a buy out of 49k on a new Cascadia and that’s with 10k down. Payments are the same so 100 extra for first year x 52 weeks $5200 as I guess their version of the down payment, one could only assume the buy out is designed to not be able to own the truck but lease into another one IF your making decent cheddar. 200k is really not a lot when you factor fixed expenses and fuel. Granted Cascadia trucks will get better mpg depending on how heavy your foot is but I run 3500-3900 on an average week with 20-30 min left on my 70 so while I can appreciate 70%, that number would have to be closer to 75-77% with all the fixed plus the 2290. I understand less miles = less wear and tear on the truck but unless that’s some good paying freight, I don’t see the value as with most LP’s. I would rather put the 10k down or 3k down for a used truck, and run for Landstar. Wasatch obviously has a relationship with Soar being in the same vicinity but the numbers aren’t there to put all my faith in freight they claim is there. If Kelles drivers were of the feeling new ownership/management was a step forward then why is Soar posting these jobs in almost every job board across the US? The only positive I see is that they are using Wasatch but I don’t like middle men, I’d rather deal with them directly. Just my opinion but hope to hear some Soar Driver LP feedback to maybe post some hard numbers.
     
    Last edited: Dec 13, 2018
  8. 19greyghost

    19greyghost Bobtail Member

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    Jan 22, 2019
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    I however am a drvr for soar.. I looked in to the LP myself but let me warn you... Soar does not have the customer base to make it happen believe me... And what they do have is pushed towards IC drvrs and well company drvrs suffer... Atm more and more broker loads are popping up... I used to be an O/O and i can tell you from experience its designed to peddle and in the end swap for another lease. You will never own and second of all if you want hard numbers ok well 780 then 1 year 680 in 4 yrs a baloon of 48,000 your well over 100,000 dollars for a truck thats now at 400,000 miles no warranty and becomes a nightmare... As for walk away NOPE once you sign your in it till the end again think long and hard i say spend 40,000 for a used truck rather than over 100,000 for the same truck... Not to mention again soar Aka kelles does not have enough customer base.. They have only been in business after buy out for about a year and half do the math
     
  9. 51.50

    51.50 Medium Load Member

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    Jan 20, 2016
    Salem Oregon
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    Even with all these new regulations, finding an honest company is almost impossible. With elog , it is time that drivers are paid for their 14 hours whether driving, loading, unloading, waiting or whaterver. When the 14 hour clock starts so should drivers pay.
     
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