Haulin Assets

The most common question I get is, "When is a good time to start a trucking company". In this Episode Craig and I are going to answer that question and the answer might not be what you think.  But..... before we get into that, I tell a story about a stressful situation one of our drivers experienced that has a happy ending and gives you faith in humanity. What to Expect in Episode 181 Starting your own business is never an easy decision. It requires a huge leap of faith and a lot of guts. Most people just are not willing to jump into the unknown like that. I commend you for even thinking about it. The entrepreneurial spirit is one of the biggest, if not the biggest reason the United States is the greatest country in the world. The right time for you to start a trucking company is a very personal decision and I hope this episode will give you some insight to help you make that very big decision. I think there are different 4 scenarios or "triggers" that when you meet at least one of them you are increasing your likelihood of being able to run a successful operation. The first three are things that are well within your control. The last one is not in your control and I think it is also the one that involves the most risk and most prone to failure. It is also the one that entices most people to make the leap.   Get the full show notes: http://bit.ly/haulinassets [http://bit.ly/haulinassets]   Motor Carrier HQ: http://bit.ly/motor-carrier [http://bit.ly/motor-carrier]   Facebook: https://www.facebook.com/haulinassets [https://www.facebook.com/haulinassets] Podcast/ iTunes: http://bit.ly/ha-itunes [http://bit.ly/ha-itunes] Google Podcasts: http://bit.ly/ha-google-podcasts [http://bit.ly/ha-google-podcasts] Stitcher: http://bit.ly/ha-stitcher [http://bit.ly/ha-stitcher]

Before we dive into the nuts and bolts of May 2025, Craig and I talk about the crazy weekend we just had. Literally every truck had some kind of significant issue over the weekend. Everything from problems cause by getting loaded more than 24 hours late to breakdowns and blown tires. It is crazy how you can go from one weekend that is quiet with almost no activity to one like last weekend where all hell breaks loose. I also ask for your opinions on how much of an impact hot weather has on tire failure rates.  What To Expect From Episode 180 The ups and downs of trucking are not limited to crazy or mundane weekends, the profitability of trucking is also one heck of a roller coaster. After a better start to the year than we have experienced the last several years, May hit a brick wall. I don't think the difference we saw in May is due to the market, but more because of internal factors we experienced. Let's take a look at the numbers: * Total miles ran– 99,880 * Deadhead miles– 7,985 (8%) * Total revenue- $205,682.73 * All-in rate-per-mile- $2.06 Haulin Assets had a loss of $27,150.76. Wow, that was hard to type, that is almost a $75,000 difference between April and May, even though May even had a slightly higher rate per mile. There is A LOT going on in the P&L and we talk about it in more detail than normal. You'll want to listen to the episode to get the full story. Here are the P&L items we dive into: * Revenue * Low revenue was the largest contributing factor to the loss, we spend a lot of time talking about it * Fuel * Repairs and Maintenance * Taxes

What are the odds that two clutches go out within 24 hours of each other? Can't be high, but we had it happen. Does that mean I should take a trip to Vegas and start placing bets? Our experience with two different shops was night and day. One of them had our truck in and out quickly, the other one was ridiculous. Check out the episode to hear all the fun details.  What to Expect in Episode 179 In this episode I am going to cover 3 things I think every business owner, whether you are an owner operator or you manage a fleet, should do on a regular basis. They are: 1. Look for new revenue sources 2. Review all your expenses to trim the fat 3. Conduct a SWOT Analysis The first two are pretty self explanatory and we don't take up too much time covering them. I am sure there are several people out there who haven't heard about a SWOT Analysis or know much about them so that is where we spend the majority of our time. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Doing a SWOT Analysis and then using the information you learn from it is a great way to make a big impact on your business.  Craig and I walk through a very simple SWOT Analysis from the perspective of an Owner Operator and use some examples to help show how they are used. They truly are a great tool and I hope you take the info we share and use it to conduct one on your business. Not in business for yourself yet? No worries, it is also a great tool to use to help you decide if there is an opportunity for you to go into business and help you be better prepared when you make the leap. A good SWOT Analysis is a critical element of any business plan.

Check out MotorcarrierHQ.com  [http://motorcarrierhq.com/] Find our courses at haulinassetsacademy.com [http://haulinassetsacademy.com/] See the profit and loss statement at haulinassetsllc.com [http://haulinassetsllc.com/] Before Craig and I dive into the April 2025 financials, we talk about a fun little adventure I had. It had been a while, but I finally got to jump back into a truck for the first time in several months. This adventure included a Mother's Day departure, several Uber rides, a flight and "breaking" the truck out of a lot at 02:00 in the morning and then "breaking" into the parking lot at the shipper. What To Expect From Episode 178 April has continued the trend of year over year improvement. Let's take a look at the numbers: * Total miles ran– 112,158 * Deadhead miles– 7,746 (7.3%) * Total revenue- $229,695.19 * All-in rate-per-mile- $2.14 Haulin Assets had a profit of $47,211.69. The bottom line number is pretty good, but I think it is a little deceptive. There are some things in the P&L that we expound upon that give a more realistic picture of how things are going. You'll want to listen to the episode to get the full story. Here are the P&L items we talk about in more detail: * Revenue * Fuel * Insurance * Repairs and Maintenance

March 2025 was a good financial month, but before we get into that, Craig and I talk about one of our trailers being rejected. It was because of some minor damage that had happened a while ago and hadn't been an issue, so why the rejection all of the sudden? Who knows. I'm also back in the dispatching saddle again. It has been while since I have done that job full time and let's just say, I'm a little rusty. What To Expect From Episode 177 Last month I said February was a pleasant surprise, March was an even more pleasant surprise. Let's take a look at the numbers: * Total miles ran– 115,070 * Deadhead miles– 7,746 (6.7%) * Total revenue- $246,412.65 * All-in rate-per-mile- $2.14 Haulin Assets had a profit of $49,849.00. The best month in over a year and the second best month since March of 2022. I hope it's a sign of things to come. The P&L was pretty normal, but here are the things we talk about. * Revenue was strong * Manageable fuel, 27.1% * No insurance payment