July 2021 Financials | Episode 84

Ahhhh, the ups and downs of trucking. We went from a record profit last month to a loss this month. The situation is not as dire as it might sound. There were some one-time expenses that created the loss. Craig and I will explain it all.

What To Expect From Episode 84

Craig and I start off this episode by talking about a YouTube video I recently watched of a commencement address Admiral McRaven, a Navy Seal, gave. It’s a 16 minute speech where he talks about 10 lessons for changing the world. While you may not have ambitions to change the world, these lessons will help you in your life and in your business. If you follow even a couple of them, you might just do more good than you think. We discuss a couple of Admiral McRaven’s lessons:

  1. Respect everyone
  2. Life is not fair, keep moving forward

I highly recommend you watch his address, which you can watch here:

Here are the numbers for the month.

  • Total miles ran – 33,293
  • Deadhead miles – 1,960 (5.9%)
  • Total revenue – $82,041 (Three trucks running, fourth one hit the road the last couple days of the month.)
  • All-in rate-per-mile – $2.46 (Great Rate Per Mile)

Haulin Assets realized a loss of $3,933.94.

In the episode, we cover the reasons we had a loss. The biggest two are: first, we added a new truck and there were costs getting it on the road and second, we replaced the turbo on truck #1.

Impact Tip

Don’t spend it all in one place. I think I am going to try to figure out how many different ways I can say the same thing, so saving money will probably be a recurring theme in the impact tip section of the podcast. If you had a great month, don’t waste the profits on something you’ll regret.

Profit & Loss Sheet

Routes Traveled

Listen to the Episode

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