Yet another CRST MALONE question :)

Discussion in 'Ask An Owner Operator' started by Jas7887, Jul 6, 2012.

  1. rickybobby

    rickybobby Road Train Member

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    I just need to use a l/p company to further my life and my family's life.

    You can be a company driver and provide for your family...
     
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  3. Jas7887

    Jas7887 Bobtail Member

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    Well...you're not wrong.
     
  4. jeep383s

    jeep383s Light Load Member

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    I am a DFO at Malone and every l/p person I talk to seems to like it as long as your good with the business end of it Malone will not cause you to fail. You hold your own cards and play your own game. What happens is up to you. If you want more info pm me your number and I will call
     
    Bradygv68 Thanks this.
  5. snowwy

    snowwy Road Train Member

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    sammons requires 2 years continous 48 states.

    what does malone require?
     
  6. G/MAN

    G/MAN Road Train Member

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    I will tell you right now that if you want to make money doing a lease purchase you will not be able to be home 70% of the time. You will do good to get home one day a week. Having leased trucks to CRST Malone, I know that you can make money with them if you own the truck. I have had mixed reviews from the lease purchase drivers with whom I have spoken. With the money you will be paying them for the lease, maintenance and other expenses, you cwill need to keep the road hot. That is true with any lease purchase. You can be home or you can make money. CRST Malone has a lot of freight out of Chicago and Birmingham. You should be able to do well with them. At one time they did a lot with US Pipe in Chattanooga, but since they closed the plant and merged it with Meullers I don't know what they are doing out of Chattanooga. It will take several months to learn your way around their system and to make some solid contacts. If you stay between Chicago, Cleveland (OH), Atlanta and Birmingham, you should be able to stay busy with decent rates. If you want to be home then try to find a local company such as Siskin's and forget about doing a lease purchase. If you want to be successful you will need to sacrifice your time. You can earn a good living as a company driver. I don't understand why you feel that you must do a lease purchase at this point in your life. Thirty isn't old. You are just getting started in life. If you want to be successful, you need to learn patience. When you get in a hurry you make mistakes. You have a lot of life ahead of you. Take time to enjoy it. Some lease purchase drivers make less than a company driver. I met one who said that he only brings home around $300/week after he pays for the truck lease, trailer rental and all the other costs of leasing the truck. I am curious as to whether you have spoken to any who are currently doing a lease purchase or some who have actually completed their lease. With so much talk about the CRST Malone lease, I called one of their recruiters and he told me that most clear about $900/week after everything has been paid. If that is the case, you can make as much driving a company truck. If you decide that you want to do the lease and work it right, you could earn drivers wages until the truck is paid for and then start to see much better income. I did well leasing to CRST Malone some years ago, but I went with them with my own truck. My monthly payments were about what you will pay weekly. I have no complaints about the company. I made a good living with them. But, I did stay on the road. I was usually gone 2 weeks at a time.
     
  7. Jas7887

    Jas7887 Bobtail Member

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    Well I want to own my own equipment out right one day. With bad credit and no money, I'll need a l/p to get me that leverage, because after the lease is over and IF I survive, I'll own my own truck. I figured to put that time in now, while the kids are still young.

    Also, Comtrak runs on the promise of 95% home daily and another friend is an owner/op, he's home 4-5 nights a week at least. Sometimes he stays out a few days or a week, but maybe once a month. I guess that's why I have in my head, that with the right lanes, you can stay near the house.

    I've only read Malone threads so far, haven't talked to any success stories yet.
     
  8. Jas7887

    Jas7887 Bobtail Member

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    I mean, if you have a bunch of short runs that pay, near the house...I don't see why I'd run any further out, if the loads were available close to home...?
     
  9. G/MAN

    G/MAN Road Train Member

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    Short runs usually take a lot of time. Unless you have a very good rate you won't be able to do well running short. If all you have to do is throw some straps and go then it is one thing, but when you need to tarp those short runs and with the time involved with loading and unloading you can burn up your day with little revenue. By the time you pay everything for the leased truck you will spend about $800/week. At trailer rental of about $185/week and you need to make a lot of money just to break even on the payments and we have not even discussed fuel costs. I have a friend who is leased to a carrier out of Nashville. He is home most nights but he also owns his truck and trailer. I don't believe the company does lease purchase. Have you actually put a pencil to this to see what you will need to do in order to just break even? I don't know what CRST Malone has in the way of short run freight. You need to contact one of their recruiters and ask them for names of agents that you can contact so you can see if they offer what you want.
     
  10. Jas7887

    Jas7887 Bobtail Member

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    That sounds like a good idea. I guess that should definitely be one of my next moves...thanks.
     
  11. bluerider

    bluerider Light Load Member

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    Re: "Comtrak promises me"

    In business, the only promises that matter are the ones written into the contract. Most often those 'promises' are what the other party is going to do to you if you don't live up to your end of the contract. With no money, no credit, and no experience, you're not going to have much bargaining leverage in negotiating a contract. The most you can hope for is a 'sweat equity' deal. That's the definition of l/p arrangements. And 'sweat equity' means just that. No hometime, no vacations, and very little to show for it until you've paid off the truck. If you're not prepared to make that sacrifice, be a company driver. If you are willing, good luck!
     
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