#134. July 2023 Financials

Another tough month. June, July and August are some of the harder months of the year. The months with losses are really getting old. It can be discouraging. The economy and the freight market have always had peaks and valleys, good times and bad times. That is predictable, we know we are currently in a valley, but we also know it will get better and we will see good times again. Meramec Solutions is the sponsor for this episode. If you have any need to hire drivers, they are a great option that we have used several times at Haulin Assets. We have had great success using them. You can learn more by visiting their website, click here. It never hurts to give them a call to see if they are a good match for your needs. What To Expect From Episode 134 How do you get through the hard times? If you have listened to this podcast very long, you know I am in the Utah Army National Guard. I had drill over the weekend and as part of it, did a 6 mile ruck march carrying 35 lbs of gear in the mountains of Utah. That weight isn’t really that bad, I have done much worse over much longer distances with a lot more weight, but it reminded me of some of the harder rucks I have done. How do you get through those when your body is screaming at you and you just want to be done, you put one foot in front of the other, and that’s what we are doing now. It’s not fun, but it will end at some point and life will get better. Perseverance brings rewards. Total miles ran– 105,356 (More trucks on the road, but less miles. Several drivers to more time off than normal, it’s July) Deadhead miles– 7,949 (7.5%, on the high side, have to drive further to find loads) Total revenue- $196,152.07 All-in rate-per-mile- $1.86 (really bad) Haulin Assets realized a loss of $11,890.75.    Items we cover about the P&L: Maintenance and many more tires IFTA and use taxes Repairs Let’s pray this doesn’t last much longer. On a positive note, we did just finish up a load for a new shipper and it went well.