May 2022 Financials | Episode 105
April and May are almost mirrored 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)
- Deadhead miles – 3,489 (5.9%, same percentage, 19 more miles than last month)
- Total revenue – $141,998.48 (491.02 less than last month)
- All-in rate-per-mile – $2.41 (.03 drop)
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.
Profit & Loss Sheet
Be kind, it’s good business. Over the last several weeks, I have had an experience that has 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.