CR England... From a Lease Operator at CR England
 

first off, i want to assure you that i do work for CRE.. and have so for the past year.

I have made good money at CRE. for my first year. i got home roughly every month, minimum, with a few stops enroute. (in summary for my first year i got home every three weeks, average) i live in north carolina

i hate their management approach, and quite a few other things about them, but as far as miles and money and even that one-sided lease contract, at the end of the year it was well worth it

i have been comparing a lot of companies lately because of some management differences i have with CRE, and to be honest, their pay scale is probably one of the highest

Past Performance
Revenue Loaded Empty 4-Wk Year_to_Date
Trip_No Date Origin Dest Miles Rate Miles Rate Total Avg Avg Total
4516726 8/17 MCD GA ATL GA 27 .900 .900 24.30
4516726 8/17 O/o Labor T/c 75.00
4527361 8/15 LAR TX MCD GA 1107 .900 .900 996.30
4527361 8/15 Detention Pay 260.00
4530395 8/18 ATL GA PAR TX 700 .910 62 .900 692.80
4532722 8/19 PAR TX WVC UT 1395 .900 169 .900 ____1,407.60
Total Revenue 3229 231 $3,456.00 2976 3259 110,797
Per Mile 1.00 .93 .92
Miles 3,460 3197 3547 120,601

Variable Costs Trip_No Date Galns Miles Rate Total
Fuel - San Antonio 4527361 8/16 169.8 1.25 212.26
Fuel - Hope Hull 4527361 8/17 149.4 1.25 186.85
Fuel - Greenwood 4530395 8/19 154.0 1.25 192.50
Maint_cost_pr_mile
.00 .05
Gen.Lease Reserve Contribution 3460 .070 242.20
Fuel Tax Reserve Contribution 3460 .015 51.91
Variable mileage payment 3460 .030 ______103.80
Total Variable Costs $989.52 1098 822 27,940
Per Mile .29 .34 .23
Fuel Cost 591.61 0761 0324 11,029
Fuel Cost per Mile .17 .24 .09
Gallons 473.2 609 253 8,616
Paid miles per gallon 7.31 5.25 14.00

Fixed Cost Date Total
Truck Lease Payment 8/19 614.00
Truck Insurance - Lease 8/19 ______128.10
Total Fixed Costs $742.10 683 842 28,620
Per Mile .21 .21 .24
____________
Income $1,724.38 1195 1595 54,237

Elective Deductions Date Miles Rate Total
Student Loan 8/19 Pmt: .24 Reim: .24 _________.00
Total Elective Deductions $.00 2 10 330
Per Mile .00 .00 .00
____________
Net Check $1,724.38 1193 1585 53,907

i could write a book on the issues and problems i have with CRE, but this is clear, i did make money my first year, and was able to take care of myself and my family

i tried to post my paything, but it didnt come out to clear

anyway, thats my two cents on cre

you guys can flame away, i just wanted to present some balance here

No money is worth that kind of B.S.

Getting home once month must suck.... I can hardly put up with 5 daz out...

So why not repost your earnings, and do it in a fashion, that is not so confusing?

Was the $6xx lease payment for one week or for a month? From what I've read it would be more advantageous to a driver to BUY a truck and lease it on instead of leasing the truck. Does that make any sense?

Leasing is really no different from renting, except you absorb more costs and the company in a sneaky way, will drop your miles to the point where you can only make enough to make the payment on the truck...but nothing else will go in your wallet.

If your going to do that, then go with someone like LandStar, not CRE. That is also called Owner/Operator. Unless your plain dumb, you won't see someone buy a truck and then lease into CRE, not when you have much better companies out there to choose from.

Well I was speaking generally. I figured there would be better companies out there. I was speaking more towards buying instead of leasing the truck regardless of what company you lease too.

I'm not trying to be a smarta$$ I'm just asking to get educated for my own good. Why would a company that is trying to make money "in a sneaky way" cut a drivers throat?? I've seen this acusation in several places on this board and have no reason to doubt what your saying but it makes no sence that the company would try to make a driver go broke and it's made to sound like they do it on purpose to make life hard for O/Os.

Just wondering.

Miloh.

:roll:

The short and simple answer is that they do so because they can. The "driver shortage" is a myth. There is always a fresh supply of suckers who are willing to hold the steering wheel for these companies. In fact, it is in their best interest to have the lease purchase driver fail, as they can then turn that vehicle over and put yet another sucker into it, and continue to do so over and over and over again. The lease purchase is a HUGE revenue generator for these companies.

That still makes no since. It would seem less expensive to keep a driver than train a new one to replace one thats generating revenue. What your saying might be true but on the face of it there is no reason for the action you imply.

While it may be less expensive to keep a driver than to train a new one, these companies are unable to do so because the working conditions they provide generate high turnover. All these carriers that are offering lease purchases are sitting at turnover rates around 130%, sometimes more.

Plus, a driver who has been there for any period of time will likely want additional revenue when they realize that they cannot survive on what these companies are paying. Since the carrier is obviously not going to provide it, they simply turn the truck over to a new sucker who will rent a job from them.

Let me give you a scenario: Lease purchase company A gets a driver into a L/P truck that has a payoff period of 36 months. At the end of 36 months of payments of $600 per week, they would have the truck paid for, and the carrier would stop gaining revenue from the truck. BUT, if that driver fails at the L/P at 12 months, the carrier can then put another sucker in to the same truck, and start that 36 month cycle all over again. SO, the carrier could keep doing this until the truck is completely used up, or someone manages to get lucky and finish the lease.

Well I can see that point there, Making money out of a truck like that. Thats the same way a tote the note lot makes money on repo cars over and over.
At $600.00 for 36 months or 156 weeks thats like $90,000 for the truck if you do make it. if those figures are accurate.....Hell you can buy a used truck for a lot less than that. And that sure don't leave much room to make money for the driver.
Thanks for the lesson.

Miloh.

I think the large rate of failure also has to do with the fact that 99% of these lease ops have no business running a cash register at Burger King, let alone running their own small business. As much as I hate to say it, I know several L/O from CRE personally. They are doing quite well and two of them are on the Master Premier Jedi Knight level, or something like that.

But, they've been leasing more than the "36 months" that a lot of people alledge the company is pre-determined to fail you at. Leasing a truck is no different than owning one in that you have many of the very same expenses, ie fuel, maintenance, tires, etc. There are a lot of O/O who fail just as miserably as some L/O. But you're not as likely to hear them bitch and moan because the only person to blame is themselves. It's much easier to pass the blame onto CRE, Swift, JB Hunt, etc. Hell, even the much respected Schneider is now offering a lease. Go figure.

Is CRE a terrible company who's out to get you? I don't know because I've never worked for them.

The difference between buying and leasing are:
Truck payment of 700-1,000.00 per month:Lease payments are around 2,400.00 a month.
Buying gives you MORE control as to what to do with your equipment such as leasing on to a different company or getting your authority altogether,as a lease op you are stuck with the same carrier and THEY control how many miles you get each week. HUGE difference between the two.

Yesy there is a huge difference between an owner and a leasor. The payment is one. But most O/O aren't leasing on to a bunch of different companies. They typically lease on to a carrier, while some go with brokers to haul freight. If they lease onto a carrier, then your point about how they control your miles is still very much true. You still are at their mercy to dispatch you miles.

The payments can vary for O/O.

New truck- $100,000 - 20%(20,000) = $80,000

$80,000 financed at 7% over 36 months is $2,506.90

Now that's for a new truck and that was a good rate.

CRE's current lease payment for a NEW truck is $443 a week x 4=$1772

Again there are a lot of variables, buy new or used, credit score, money down, etc that will affect the O/O payment.

Seems your calculator is missing a few numbers.

$443 a week X 52 weeks a year = $23036 per year / 12 months = $1919.67 per month.

And when did CRE drop their lease payments from over $600 to $443?

I think the payments went down a few months ago.