I have some good news and some bad news…. October is going to break some records, in a good way. Before we can get to October, we have to get through September, which broke a record in a bad way.
What To Expect From Episode 140
September is our 4th month in a row with a loss, but I am pretty confident that streak is going to end with October. The freight market continues to struggle and so does our bottom line. Here are the numbers for September.
- Total miles ran– 103,808 (We essentially had one truck sitting in September)
- Deadhead miles– 7,021 (6.8%)
- Total revenue– $198,099.60
- All-in rate-per-mile– $1.91 (really bad, again)
Haulin Assets realized a loss of $49,554.61. We did finally sell Truck 01 and $23,001 of that hit the P&L as other income, so the true loss was slightly more palatable at $26,558.11.
There is a lot to digest in this P&L. Here are some of the things we discuss in more detail.
- An extra payroll
- Hiring costs
- Work comp audit
- Maintenance and repairs
Profit & Loss Sheet
Listen to the Full Episode