To start off the episode I tell a story about a problem I have never faced with one of our loads and answer a question I get asked all the time by people who are in the process of starting a trucking company. After that, Craig and I talk about the crazy month of October.
What To Expect From Episode 117
October was another tough month. We had two trucks sitting and a third truck that only ran about half as many miles as it should have. That put us nearly 25,000 miles short of where we would like to be and was the biggest impact on our P&L. Here are the numbers:
Haulin Assets realized a loss of $20,825.09. Two months in a row with a loss. Is the sky falling? I don’t think so. I think all in all we can get by as long as we don't average more than one truck off the road. Hiring drivers in a timely manner is crucial. Craig and I dive into the two main reasons I feel like we had such a big lost, a low number of miles and a freight market that is struggling.
We also talk about a few expenses on the P&L that were outside of normal.
#16. Getting an ELD (Electronic Logging Device)
#15. DOT Drug and Alcohol Compliance
#15. DOT Drug and Alcohol Compliance
#14. What is IRP or Apportioned Registration?
#13. How to Save Money on Fuel and More
#12. Financing Your Startup and Operating Costs
#11. How Much Does It Cost to Start a Trucking Company?
#10. Owner Operator vs. Employee Driver
#9. Insurance
#8. Buying a Trailer
#7. How to Find Loads
#6. Financing Your Truck and Trailer
#5. Buying a Truck
#4. Changing Your Mindset
#3. DOT Numbers and MC Authority
#2. Business Entities and Taxes
#1. Top 5 Questions For New Owners
ep.0 - Trailer
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