The good times keep rolling along, October 2021 was another good month for the financials and the bottom line. By the end of the month we are starting to see some mild rate increases typical of the 4th quarter. Feels like it happened a little later than normal, but this year has been anything but normal.
We have talked about our hiring philosophy and what we look for in a driver. In this episode we take a very deep dive into hiring drivers and cover many of the mechanics of the hiring process. We will go over the steps we take, the paperwork we collect, how we screen drivers, what we do to onboard them, and how we try to make them a part of our team.
Before we dive into the financials, Craig and I compare onboarding a new driver to my marriage. It wasn’t all peaches and cream. We talk a bit about some of the things that will help make the process run a bit more smoothly.
Back in Episode 36 (you can listen to it by clicking here) we talked about the cost of sitting for a day to wait for a better paying load. If you are like me, I can’t remember what I ate yesterday, so it might not hurt to go back and listen to that episode again. In this episode we are going to analyze a similar question, but instead of looking at if from the front end of a load, we are going to consider the back end of a load.
Ahhhh, the ups and downs of trucking. I started the last financial episode show notes with the same phrase. The roller coaster continues, we went from a record profit in June to a loss in July to another record profit in August. last month to a loss this month. Hold on tight as Craig and I explain it all.
Your company’s cashflow can either make or break you. It is very important to understand the difference between cashflow and your net income or profit and loss. Some people treat them as the same thing, and that can get you into a lot of trouble. In this episode we’ll try to bring some clarity to the subject to help you avoid some of the more common missteps people take when it comes to managing cashflow.
Ahhhh, the ups and downs of trucking. We went from a record profit last month to a loss this month. The situation is not as dire as it might sound. There were some one-time expenses that created the loss. Craig and I will explain it all.
Drivers are such an important part of your business. Two of the common descriptions that truck drivers use to describe each other are professional drivers vs. steering wheel holders. What we cover in this episodes dives into the difference between the two.
It was another great month for Haulin Assets, I’m super excited to share our numbers with you this month. We need to keep this momentum going for as long as we can. There are some great financial nuggets in this episode so make sure you listen all the way to the end.