#145. December 2023 Financials

Happy New Year!! I am so happy to kick 2023 to the curb. I am optimistic that we will see some good things happen in 2024. Regardless of what happens with the economy, I think the changes we are making will help Haulin Assets continue to improve and become stronger as a company. One thing I know for sure is that this challenging year has taught us lessons that will make us stronger and more profitable than we would have been otherwise. I hope you follow our journey and that some of the lessons we learn will be valuable for you too. 

Craig and I start this episode off with a funny story about one of our drivers crossing a scale while pulling a reefer trailer full of bulk liquid totes. 

What To Expect From Episode 145

This was another month that did not produce the results I was hoping for. On a good note, we were slightly in the black. Here are the numbers for December. 

• Total miles ran– 123,557 (315 more miles than last month, you can’t say we aren’t constant)
• Deadhead miles– 7,455 (5.1%)
• Total revenue- $268,143.84 (Second best ever)
• All-in rate-per-mile- $2.16 (One of the better all-in rates of the year, but still not where we need it to be)

I am really happy with the total number of miles ran, total revenue and our all-in rate-per-mile is moving in the right direction. The net income did however disappoint me. This month Haulin Assets realized another small profit of $1,633.76. There were several contributing factors that kept us from better numbers. Here are some of the areas we dive a little deeper into:

• Bad debt
• Payroll
• Fuel compared to revenue
• Repairs, especially Truck 02, our only active truck that we bought used
• Tolls

I also spend some time talking about a new goal I have regarding working with brokers. I have already seen some good benefits. Listen to the episode to find out what I am learning and what I am trying to do different that is bearing fruit.