June 2021 Financials | Episode 82
It was another great month for Haulin Assets, I’m super excited to share our numbers with you this month. We need to keep this momentum going for as long as we can. There are some great financial nuggets in this episode so make sure you listen all the way to the end.
What To Expect From Episode 82
Craig and I start off by answering a super important question. What do you think has a greater impact on your net income, your take home money, a $1 increase in revenue or a $1 decrease in expenses? Or are they the same? Understanding this principle is important for any business.
Here are the numbers for the month.
- Total miles ran – 34,523 (New record)
- Deadhead miles – 2,534 (7.3%, also a record by total miles, not percentage. It is what it is. One driver has a pretty good deadhead every time he goes home)
- Total revenue – $94,021.13 (Blew the previous record out of the water. It is nice having 3 trucks running in this market.)
- All-in rate-per-mile – $2.72 (Great Rate Per Mile)
Haulin Assets realized a profit of $29,876.82, we blew the previous record out of the water.
Profit and Loss Sheet
Impact Tip
Keep your overhead low. I saw an interesting take on a “Distribution Center” while I was in Morocco a couple of weeks ago. It made me think about keeping your overhead expenses low. Listen to the episode for the full details.
Routes Traveled
Listen to the Episode
I don’t have FB so I wanted to ask a few questions here. First off, this podcast has taught me more than I could have ever imagined and I am truly thankful for it! I found it and I’ve been ripping through about 1-3 podcast per day. I have managed a warehouse (shipping and receiving for 17 years) so I’ve been around this side of the trucking industry. A mentor of mine owns his own authority and about a year and a half ago started talking to me about pursing Become an owner as well ( initially I was going… Read more »
Clay, Thanks for listening. I think in the long-term, having your own authority is the way to go. I answered a lot of your questions in episode 83 that just launched this week. If you haven’t had a chance to listen to that episode yet, give it a listen. I think your plan is pretty solid, just keep in mind that sometimes things take a little longer than you plan, but don’t let that discourage you. One potential hiccup might be that insurance companies don’t like to see you grow too fast, often times, they don’t like to see you… Read more »