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CRST Malone Press Release

CRST International Inc.

Growth Press Release

May 12, 2010

CRST is Poised for Rapid Growth as Industry Truck Capacity Shrinks and Freight

Availability Improves

Despite what analysts predict to be a gradual improvement in the economy as the country

emerges from the recession, CRST International is experiencing a significant increase in

business in each of its operating subsidiaries. This week the company announced that its

1st quarter revenue was 17% ahead of projections and 18% over 2009 1st quarter results.

“We’re hitting equipment utilization numbers that haven’t been seen in years, which is a

combined result of an industry truck capacity shortage and improving freight volumes

from our major customers”, said Dave Rusch, President/CEO of CRST International.

“We are implementing accelerated growth plans in our operating subsidiaries, which

include adding 700 incremental tractors and 1500 trailers over the next 18 months”.

“This $100 million capital expansion plan will help us meet growing demand by our

customers”, said Rusch.

The three year recession has forced over 7,000 trucking companies into bankruptcy and

caused many others to downsize their truck fleets. As a result, truck capacity is down

considerably. CRST believes its debt free balance sheet and strong financial position will

allow it to capitalize on these improved freight conditions.

CRST International has seen record performance in three of its operating subsidiaries,

CRST Van Expedited, Inc, the companies dry van subsidiary - CRST Malone, Inc,, the

companies flatbed subsidiary and CRST Dedicated Services, Inc., the companies

dedicated truck subsidiary. “We’ve seen a considerable increase in business since the 4th

quarter of 2009, as a result of tightening capacity”, said Rusch. “We believe as theconomy continues to improve the 2nd half of the year, our customers will be looking at us to step up with additional truck capacity”.

The company will continue to build its infrastructure needed to meet its growth plans.

In addition to equipment additions, CRST is building a $15 million terminal in Riverside, CA and expanding its Cedar Rapids, IA training center. In addition, CRST is actively recruiting administrative and management personnel to support their expansion plans.

CRST is currently ranked the 6th largest truckload carrier in the United States.
 
 

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