Company Research Report
Company Overview
- Name: CRST The Transportation Solution, Inc.
- Mission: At CRST, safety is a core value; the company starts each day with a promise to customers, teammates, and themselves to solve problems and deliver on their commitments.
- Founded: In 1955 by Herald (“Smitty”) and Miriam Smith.
- Key People:
- Mike Gannon, CEO and President (Appointed August 2024)
- Bill Clement, Group President and Chief Strategy Officer (Appointed September 2024)
- Rick Larkin, President of CRST Capacity Solutions (Appointed July 2024)
- Headquarters: 201 1st Street SE, Suite 400, Cedar Rapids, Iowa.
- Number of Employees: No information is available.
- Revenue: $2 billion nationwide as of the latest report.
- Known for: CRST is one of the nation’s largest privately held transportation and logistics companies, known for delivering promises to customers and offering a wide variety of transportation and logistics solutions.
Products
- Dedicated Solutions: Engineered transportation for consistent routes, focused on high-level service and operational improvement.
- Key Features: Dedicated fleet performance, data-driven solutions to optimize networks.
- Capacity Solutions: Fully managed asset-backed transportation, ranging from long haul to short-haul and regional routes.
- Key Features: Nationwide capacity, time-sensitive, regional, and flatbed solutions, enhanced by third-party carrier networks.
- Final Mile Solutions: Focus on delivering products to their final destination to ensure customer satisfaction.
- Key Features: Final mile logistics, in-home installation & assembly, warehousing services.
- Specialized Solutions: Expertise in damage-free delivery of high-value products.
- Key Features: Protective handling and securement, air-ride vans equipped with lift gates, and comprehensive warehousing and inventory management.
Recent Developments
- Acquisitions:
- BCB Transport: Acquired in 2023.
- Awards and Honors:
- Awarded as a 2024 Carrier of the Year by C.H. Robinson (June 2024).
- Received the 2024 SmartWay Excellence Award from the EPA (September 2024).
- Honored among Caterpillar’s Elite Suppliers (November 2024).
- CRST received the 2024 IMTA Image Award (September 2024).
- New Initiatives and Appointments:
- Mike Gannon was appointed CEO and President on August 23, 2024.
- Bill Clement appointed as Group President and Chief Strategy Officer on September 19, 2024.
- Collaborations and Partnerships:
- Partnered with National C-Store Chain to update 2000 stores (January 17, 2024).
- Supported disaster relief for hurricanes Helene and Milton (October 11, 2024).
- Community and Employee Engagement:
- Celebrated "Drive to Inspire" event to honor top drivers and employees.
- Involved in Mission Veteran Expedition and Wreaths Across America for fallen U.S. military members.
- Promotes safety and employee recognition through the #IAMSAFETY initiative.
- Technological and Operational Developments:
- Opened CRST’s New Home Solutions Center of Excellence on April 18, 2023.
- Launched strategies and technological advancements for final mile and inventory management.
Conclusion
This report encapsulates CRST’s strong commitment to service excellence, safety, innovation in transportation solutions, and employee and community engagement. The company's strategic initiatives, recent acquisitions, awards, and leadership appointments reflect an ongoing trajectory of growth and recognition in the transportation industry.
