My Apology to CRST: I Got It Wrong

CRST International is shuffling its structure (Photo: Jim Allen/FreightWaves)

I screwed up.

Yesterday, the FreightWaves team was informed by a source we considered credible that CRST was shutting down a significant portion of its operations—what we understood to be its entire over-the-road (OTR) division. Unfortunately, the article was written in a way that made it easy to misinterpret as the entire company closing. That’s exactly what happened to me.

I had spent Wednesday in an all-day off-site meeting with no cell service. A FreightWaves team member—not involved in the original story—alerted me to the article and misinterpreted its meaning. Standing in the TSA line, I skimmed the piece quickly and tweeted a screenshot of the headline about CRST, with a caption that strongly implied the entire company was shutting down.

I soon received a statement from CRST that set the record straight:

The company had simply shifted about 200 trucks out of its irregular-route OTR operation into other profitable and successful divisions. For a fleet with 4,300 power units, this is a minor adjustment—essentially a routine operational decision. CRST also clarified that it is moving unprofitable assets into more successful units, which is standard practice for a carrier of its size and scale.

CRST remains strong and healthy.

In a story of this potential impact, we should have made it crystal clear from the very first sentence that this fleet shift represented only a tiny fraction of CRST’s overall operation.

I especially regret my role in amplifying the confusion. In my rush—at the airport, distracted, and operating on a misreading of our own story—I posted a misleading tweet to a large audience. That was sloppy, beneath the standard I hold myself to, and unfair to CRST.

CRST is a high-quality carrier that consistently delivers exceptional service. When I was at U.S. Xpress, we competed against them regularly and always respected their professionalism, profitability, and ethical reputation.

I sincerely apologize to CRST’s employees, leadership, and customers for my failure to ensure the facts were communicated with absolute clarity and accuracy.

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Craig Fuller, CEO at FreightWaves

Craig Fuller is CEO and Founder of FreightWaves, the only freight-focused organization that delivers a complete and comprehensive view of the freight and logistics market. FreightWaves’ news, content, market data, insights, analytics, innovative engagement and risk management tools are unprecedented and unmatched in the industry. Prior to founding FreightWaves, Fuller was the founder and CEO of TransCard, a fleet payment processor that was sold to US Bank. He also is a trucking industry veteran, having founded and managed the Xpress Direct division of US Xpress Enterprises, the largest provider of on-demand trucking services in North America.