Haulin Assets

I feel like my head won't stop spinning. There has been a lot going on and to be honest, I think that is going to be the new normal for us until we can bring on another admin employee. At our size, we are on the cusp of being big enough to justify someone to help us out in the office, but we just aren't quite there yet.  We'll probably be redlined until we get there.

What To Expect From Episode 112

Profitability has improved, but we are still struggling with cashflow. The loss we had last month and catchup from adding trucks 6, 7 and 8 in such a short period of time have really stressed our bank account.

• Total miles ran – 67,773 (About 10k less than our record last month, kind of low for 8 trucks)

Haulin Assets realized a profit of $29,840.34. Our best bottom line number since March. I am hoping this trend continues. I think we are probably going to have some up and down months over the next couple of months, but I am hoping we have our cashflow smoothed out by the beginning of the year because I think the first quarter of 2023 is going to be tough.

Impact Tip

Always monitor your cashflow. Cashflow is different than profitability. A profitable company can still have cashflow issues. Any time you add a new unit to your fleet, it is going to have an impact on your cashflow, and you need to take that into consideration. Have a backup plan incase things don’t go as you planned.

Typically, you can make more money working for yourself than you can working for someone else, but doing so comes with challenges most people don't want to deal with. It it was easy, more people would do it. Growing a business is never easy and we have dealt with some pretty big challenges over the last couple of months. I want to share some of the experiences we have had and hopefully some of the lessons we have learned to help you manage some of these challenges as smoothly as possible.

What To Expect From Episode 111

Here are the challenges we will discuss in detail:

• We had to let a driver go, he is a great guy, but was just costing us too much money

July was a crazy month and this episode is jam packed with lots to talk about. In true trucking fashion, there were lots of ups and downs. Driver challenges, unexpected expenses, mistakes, a new revenue source and we'll talk about it all.

What To Expect From Episode 110

We lost money in July. July must be a tough month, out of curiosity I wanted to see when the last time was that Haulin Assets lost money, it was July of last year. There are a lot of factors that contributed to the loss and we'll talk all about them during this episode. There is a lot to cover, so buckle up.

• Total miles ran – 77,238 (The most we have ever run)

Even with all the records, Haulin Assets realized a loss of $17,562.75, this is why we saved money early this year and last year when we were making really good money.

This was another really cool episode for Craig and I. We got to talk with some of our listeners and hear about their experiences.

What To Expect From Episode 109

We asked each guest a version of the 8 questions listed below.

1. Tell us about your story.

It's another listener questions episode! This is another fun one, where we let listeners ask questions that we answer for them. You probably have some of the same questions, so give the episode a listen. Everyone who had a question that was answered on the air got a free Haulin Assets T-Shirt. If you want one, you can order one here.

What To Expect From Episode 108

Barry

Eldwin

Darron

Kevin

Tony

June 2022 made for the third tough month in a row for financials. With that being said, I am a bit more optimistic about July than I was about May or June. We also have a pretty exciting development that we are going to talk about. Listen to the episode and Craig and I will talk all about it.

Visit haulinassetsllc.com and motorcarrierhq.com

What To Expect From Episode 107

There is a lot going on in June's numbers that are not really apparent just by looking at the raw data. This is a good episode to listen to so you get a full picture. For starters, we had two new trucks come online in June and that impacted the numbers in several ways.

• Total miles ran – 64,759 (More than the last several months, because we had two new trucks run part of the month, but we also had a couple of drivers take a bit more time off than normal, summer vacations)

Haulin Assets realized a profit of $7,207.19.

June 2022 made for the third tough month in a row for financials. With that being said, I am a bit more optimistic about July than I was about May or June. We also have a pretty exciting development that we are going to talk about. Listen to the episode and Craig and I will talk all about it.

What To Expect From Episode 107

There is a lot going on in June's numbers that are not really apparent just by looking at the raw data. This is a good episode to listen to so you get a full picture. For starters, we had two new trucks come online in June and that impacted the numbers in several ways.

• Total miles ran – 64,759 (More than the last several months, because we had two new trucks run part of the month, but we also had a couple of drivers take a bit more time off than normal, summer vacations)

Haulin Assets realized a profit of $7,207.19.

Impact tip: Be careful out there ... or something!

This was a really cool episode for Craig and I. We got to talk with some of our listeners and hear about their experiences.

What To Expect From Episode 106

We asked each guest a version of the 8 questions listed below.

1. Tell us about your story.

April and May are almost mirror copies of each other. We'll break down the numbers and talk about what went well for the month and what didn't. Trucking is a good business, but like every industry there are ups and downs and this month is a good example of that.

What To Expect From Episode 105

I don't think we have ever had two back to back months that look so similar. I don't think we could have replicated a month so perfectly if we had tried. The fact that things are so similar leaves me optimistic that we are near the bottom of the drop in freight rates. The main numbers are below. Listen to the episode and check out the P&L below for the details.

• Total miles ran – 58,859 (About 400 more than last month)

Haulin Assets realized a profit of $12,052.12. About $1,700 less than April.

We talk some more about fuel prices and the percentage of revenue that fuel is an expense. It has been interesting to track that way for the last several months.

Impact Tip

Be kind, it's good business. I have had an experience over the last several weeks that has really made me reflect on life. Listen to the episode to learn more. In honor of Grace G, who was an example of love and kindness towards all she met.

This is a fun episode, we let listeners ask questions that we answer for them. You probably have some of the same questions, so give the episode a listen. Everyone who had a question that was answered on the air got a free Haulin Assets T-Shirt. If you want one, you can order one here.

Here are the questions we answered.

"What is your opinion on using a dispatch service for a 1 truck owner operator?"

"During your 1st year as an owner operator, did you update your data or did you have someone do that for you? If you did it yourself, what was your schedule for this task?"

"It would be very helpful to breakdown the various owner/manager/administrative tasks and estimated weekly hours spent on each."

"With the price of fuel hovering around $5 in my area, what steps are you doing to try and reduce this expense as much as possible?"

What a difference a month can make. April of 2022 was nothing like March. Craig and I will dive into what happened and a little about what I expect to see in the next couple of months.

What To Expect From Episode 103

The peaks and valleys of trucking are not for the faint of heart. We went from our most profitable month ever in March to one of the least profitable, since we have been running multiple trucks, in April. We will talk about what happened. Fuel is on everyone's minds, as it should be, but I think that was the second most impactful thing on our P&L. Listen to the episode to learn more. Here are the numbers:

• Total miles ran – 58,404 (Record, but the records are going to end there)

Haulin Assets realized a profit of $13,750.09. A pretty big drop as well, over $50K.