#90. October 2021 Financials

We have MERCH!!! T-Shirts to be exact. I think they look pretty cool and say catchy things. Chet and I have bets placed on which tagline is going to sell better. I hope you pick mine. Buy a shirt to place your vote and spread the Haulin Assets message. You can purchase a shirt by going to the motorcarrierhq.com online store. They are $25 each, shipping is included in the price.

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.

What To Expect From Episode 90

Some very good looking numbers.

• Total miles ran – 43,903
• Deadhead miles – 2,591 (5.9%)
• Total revenue - $121,014
• All-in rate-per-mile - $2.76

Haulin Assets realized a profit of $36,749.68

Impact Tip

Create a savings plan. Ours is to have $15,000 in operating cash in our checking account per truck that we are running. Then to maintain a cash reserve in savings equal to 10% of our outstanding debt. We currently have about $750k in debt, because we just got our 5^th truck and trailer so $75k in our savings reserve. KISS (Keep It Simple, Stupid) The other plan I came up with early on was just too complicated and hard to scale. I think this one is better.