Category: Financial Episodes

Craig and I start off this financials episode by talking about one of the things that has the biggest impact on just about any business’s financials, sales: we have been doing some work to get more loads directly from shippers.

We start off the episode by talking about a driver we let go at the beginning of the month. We learned some lessons that we’ll discuss that will hopefully help you avoid some of the same mistakes. Here are the highlights for the month.

Every month that goes by I tell myself we are closer to getting through this rough patch. I am really optimistic that we are either at the bottom of the valley or very close to it and by March of next year we will be climbing out to better times.

To start off the episode I tell a story about a problem I have never faced with one of our loads and answer a question I get asked all the time by people who are in the process of starting a trucking company. After that, Craig and I talk about the crazy month of October.

Another month has come and gone and it’s time for a financial episode. It’s a pretty interesting market right now and we start off the episode talking about that. We lost money in September, it wasn’t much, however, we also had a lot of one-off expenses that skewed our numbers a bit.

Profitability has improved, but we are still struggling with cash flow. The loss we had last month and catchup from adding trucks 6, 7, and 8 in such a short period of time have really stressed our bank account.

June was another tough month for us, but we’re optimistic about July. Plus we have some pretty exciting development happening, so be sure to check it out!

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 a difference a month can make. April of 2022 was nothing like March. Craig and I will dive into what happened and a little about what I expect to see in the next couple of months.

The good start to the year continues in February. We cover some really great topics in this episode including what is going on with fuel these days and looking at expenses as a percentage of income.