December was a tough month. I had to do an engine rebuild, so I was out of commission and did not pick up my first load until the 17th. I ran until the 23rd and then was back at it on the 26th. I was hoping to take a little more time off around the holidays, but fate wanted me taking my time off earlier in the month.
During this episode Craig interviews one of my business partners who really understands the planning process and has given us good direction and focus. He shares some of his expertise with us.
The bad news is my truck head cracked and had to be replaced along with the cylinder sleeves but the good news is that it was all covered under the extended warranty I purchased. Listen to the podcast to find out what I learned from this experience.
One of the most common questions I get from people starting a new trucking company is how to find loads when so many brokers won’t work with you. Even though we have had other episodes that talk about finding loads, I still get a lot of questions specific to getting through that first 90 days when your options with brokers is limited. So… I decided to do a full episode dedicated to just that.
Here’s another episode where we cover the financials for Haulin Assets.
I have had a lot of people talk about the economy and the current state of the trucking industry. Last year’s rates were better than we had seen in a really long time. So what does this mean now?
Most people don’t understand how the International Fuel Tax Agreement (IFTA) and fuel taxes work. Those who do will save money on their fuel. I had an experience recently that illustrates this point. Listen to this episode for a full explanation.
October was the best month I have had in a while, even though revenue was down a little bit. Here is a quick overview, and Craig and I talk about all the details during the episode. Scroll to the bottom and you’ll see copies of the Profit and Loss Statement and the Balance Sheet.
There are good brokers and bad brokers; you need to know how to deal with they guys who don’t care about you or you business and just want to get everything out of you that they can. Listen to this episode to learn what to watch out for when dealing with brokers.
This is a pretty short episode, but I think the lessons Craig and I discuss are critical for a successful trucking company owner. I’m experiencing everything a trucker often has to deal with on the road. But the best way to deal with unexpected problems? Take control and be prepared.