#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.