Category: Financial Episodes

I want to go back to an average month, Novembers are not very kind to me. We had some issues in November and experienced our second month with a loss. It was a bit of a perfect storm, a lot of things happened. Listen to the episode to hear all the details.

Another average month. Revenue was actually higher than normal, but net income was about average. There were some higher expenses than normal. We’ll go into some of the details.

In addition to talking about financials, we talk about adding a truck. I’m about 90% sure I am going to do it, so I have started to look for another truck, trailer, and driver. Craig and I talk a bit about that.

Another month gone by and it was a unique month, we get into why. We also answer a couple questions from listeners at the end of the episode.

Things seem to be getting better and better as the months go by, but I we are clearly not out of the woods yet. July was better than June and the freight market seems to continue to move in the right direction. Rates toward the end of the month were better than the beginning of the month.

We’re still experiencing the roller coaster ride of a tough economy and a volatile freight market. With that being said, we still made money in June, it just wasn’t much. Like my dad always says, “It’s better than a swift kick in the butt.” The biggest difference this month that really affected our financials were much higher than normal maintenance and repair expenses.

May was much better than April, in fact, we were able to turn a healthy profit. The freight market was better than April, but still unstable. It seems hit and miss. One day an area of the country has decent rates and a few days later the same area crashes and rates go bad. With that being said, rates on a whole are definitely improving.

April was a tough month, the first time Haulin Assets lost money in a month. Luckily, the freight market seems to have hit bottom in April and things are picking up. The other good news is that we are still up $9,562.14 for the year.

This is a bitter sweet episode. Bitter, because the US Economy and Trucking Industry are going through an incredibly difficult time. Sweet because March was the best month Haulin Assets has ever had. Before we get into the episode, Craig and I talk about the state of the economy and the challenges we are facing because of the Coronavirus pandemic we are all going through.

February could have been worse. I had to take more than half the month off because of my military service, didn’t start my first load until the 18th. With that being said, I still made a profit. Here is a quick overview.