#140. September 2023 Financials

Haulin Assets

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12M ago 28:16

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I have some good news and some bad news.... October is going to break some records, in a good way. Before we can get to October, we have to get through September, which broke a record in a bad way.

What To Expect From Episode 140

September is our 4th month in a row with a loss, but I am pretty confident that streak is going to end with October. The freight market continues to struggle and so does our bottom line. Here are the numbers for September.

Total miles ran– 103,808 (We essentially had one truck sitting in September)
Deadhead miles– 7,021 (6.8%)
Total revenue- $198,099.60
All-in rate-per-mile- $1.91 (really bad, again)

Haulin Assets realized a loss of $49,554.61. We did finally sell Truck 01 and $23,001 of that hit the P&L as other income, so the true loss was slightly more palatable at $26,558.11.

There is a lot to digest in this P&L. Here are some of the things we discuss in more detail.

Damages
An extra payroll
Hiring costs
Work comp audit
Maintenance and repairs

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