#169. November 2024 Financials

It's the end of 2024, in fact, this episode with the November 2024 Financials is getting recorded on the last day of the year, but will post on the first day of the new year. 2024 was a tough year, proceeded by another tough year, that honestly was preceded by the start of the drop in the freight market. With three tough years in a row, we deserve some relief. With dropping interest rates, an economy that appears to be decently healthy, and what is likely to be a more trucking friendly presidency coming into office, there is a lot to look forward to.

What To Expect From Episode 169

Sorry there has been a bit of a break since the last episode, with me taking a trip in a truck and the Holidays, I just couldn't get an episode out. November was an interesting month in a few ways, mileage dropped, but revenue increased. That makes for some pretty good talking points. Let's take a look at the numbers:

• Total miles ran– 109,155 (One of the lowest mileage months of the year)
• Deadhead miles– 7,147 (7.1%)
• Total revenue- $236,053.07 (With the holiday, ran fewer miles, but more profitable miles)
• All-in rate-per-mile- $2.16 (Best in several months, third best of the year)

Haulin Assets had a profit of $16,837.14. With as low as our mileage was, profit could have been a lot worse, our saving grace was definitely the better rate per mile.

P&L Items

• Maintenance and Repairs
• IFTA Payments
• Fuel, 26.4% of revenue
• We sold a piece of equipment