December Financials | Episode 35

If you have not listened to episode 33, Bad News, Good News, listen to that first. There is a backstory to this episode, and understanding it will give you better context to this episode as we go over the December financials.

What to Expect From Episode 35

December was a tough month. I had to do an engine rebuild, so I was out of commission and did not pick up my first load until the 17th. I ran until the 23rd and then was back at it on the 26th. I was hoping to take a little more time off around the holidays, but fate wanted me taking my time off earlier in the month.

Obviously, December was not going to be a great month, but it could have been a lot worse. Because the repairs were all covered under warranty I didn’t have any repair costs. The bad news is revenue and my pay as a driver was way down. The good news is that I actually turned a profit for the month, just a small one.

Some of the highlights are below. Listen to the episode where Craig and I talk about these numbers and the profit and loss statement and balance sheet in more detail. You can look at the financials yourself by clicking on the links at the bottom of the page.

  • Total miles ran – 4,657
  • Deadhead miles – 226
  • Total revenue – $9,600
  • All-in rate-per-mile – $2.06
  • Full days on the road – 8
  • Partial days on the road – 4

In the end Haulin Assets realized a profit of $1,839.68.

Routes Traveled

Financial Sheets

Listen to the Full Episode

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just wondering, why isn’t there any truck payments on the PnL statement?

[…] Odd as it may sound, one of the reasons preparation is so critical from the start of your owner operator career is that no one can prepare for everything. Uncontrollable factors like natural disasters can alter supply chains overnight. Freight can be lost, damaged, or stolen. Drivers can even find themselves spending a week performing an engine rebuild in the middle of December. […]

[…] footing the bill for expensive repairs yourself without a warranty to help soften the blow. In this Haulin Assets episode, you can see how a warranty protected Chris from having to pay for a very expensive engine rebuild […]