May 2023 Financials | Episode 131

In business, you have to expect the unexpected and sometimes you get pleasantly surprised. After months of disappointment, a good surprise was a breath of fresh air and put a smile on my face. By no means are we out of the woods yet, but I am starting to get more and more confident we have hit bottom and may even be on our way back up.

What To Expect From Episode 131

For the first time in a while, I am excited to show the numbers to everyone. So, without further delay:

• Total miles ran– 102,460
• Deadhead miles– 8,361 (8.1%, higher than it has been)
• Total revenue– $227,809.76
• All-in rate-per-mile– $2.23  (I don’t think June is going to be as good, but it should be better than April was)

Haulin Assets realized a profit of $46,444.56. The best profit number we have seen since early 2022. Again, I think there was a lot of aligning of the stars that made May look better than it really was, but I’ll take it. Hopefully, this is the beginning of the upward climb, it’s going to be a slog, but as long as we are moving in the right direction, I’m okay with it taking a bit to get to where we want things to be. The more we are able to keep the average mileage per truck over 10k miles, the better off we are.

Here are some of the things we discuss in more detail as we break down the P&L Statement:

• A negative number in damages, how does that happen?
• Fuel was 27.2% of revenue, the best we have seen since the beginning of 2022 and in the normal range. Fuel prices seem to be stabilizing a bit.
• Hiring cost of $1,000
• If you remember last month, WC was high because of a Down payment for a new policy, we ended up not having a payment this month, for some reason and we also received a refund from our old policy.
• Everything else was pretty vanilla

Profit & Loss Sheet

Listen to the Full Episode