Haulin Assets

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

Trucking Insurance is tricky! It is also typically in the top 5 expenses for a trucking company. For Haulin Assets it is the 4th biggest expense. There are a lot of factors that go into getting the best policy and the best pricing. In this episode we go over what you need to know as an Owner Operator or a Fleet Owner to make sure you are keeping that insurance expense as low as possible.  What to Expect in Episode 174 We just completed our insurance renewal so insurance is fresh on my mind and now is a great time to talk about it. Here are some of the topics we discuss. The Biggest Contributors To The Cost Of Your Policy 1. Your loss run report 2. Your CAB (Central Analysis Bureau) Report 3. Drivers Who Are The Key Players 1. Insurance Carriers 2. Underwriter 3. Insurance Agencies/Agent We spend the bulk of the episode in this section and go into some pretty extensive detail about who each one is, what their role is and we give some best practices for how you should interact with them. What You Will Need To Provide For A Quote Get everything to your agents 45 days before your policy expires. Here is what they will typically need. 1. 4 Quarters of IFTA Returns 2. Loss Runs for the last 3 years 3. Updated Equipment List 4. Updated Driver List 5. Your Current COI (Certificate of Insurance) The timing of when you sign on the bottom line and bind your policy is critical. Make sure you listed to the episode to know when you should do this and what you will need to do it.  Getting the best price on your insurance is something that does not happen overnight. It takes you being intentional about several things. You have to work on the things we talk about throughout the episode all year long to make sure to get the best price possible and are able to control your costs. Remember, trucking is a low margin business and profits are earned by the penny. A dollar you save in expense is a dollar that hits your profit line.

February 2025 was a pretty eventful and interesting month. We had a truck get in a little skirmish with a BMW. No one was hurt and the vehicles weren't too bad off either, but it was one of those incidents that really make you scratch your head. We'll share some video on social media, I'd love to hear your opinions. I'll just ask the questions, when merging onto the freeway, how many vehicles can squeeze in front of a truck? What To Expect From Episode 175 February was a pleasant surprise. I really hope it's an indication of things to come, because I am really getting tired of low profits. Let's take a look at the numbers: * Total miles ran– 103,728 * Deadhead miles– 6,730 (6.5%) * Total revenue- $227,885.97 * All-in rate-per-mile- $2.20 Haulin Assets had a profit of $30,707.01. The best month of profits we have had in a very long time and really knocking on the door of being cashflow positive. The P&L is pretty bland, but here are a few things Craig and I talk about P&L * Revenue * Fuel * Maintenance and repairs

Get the full show notes at haulinassetsllc.com [http://haulinassetsllc.com/] Check out MotorcarrierHQ.com  [http://motorcarrierhq.com/] Find our courses at haulinassetsacademy.com [http://haulinassetsacademy.com/]   Before we get into talking about truck driver pay, I talk about a recent incident where one of our trucks had its hood damaged by a driver who decided to make a left hand turn where he shouldn't have. His trailer didn't even come close to making the corner and caused some pretty good damage to the front of our parked truck. There is always something exciting going on in a trucking company. What To Expect From Episode 174 Truck driver pay is a complicated subject. There are a lot of different factors, probably the biggest being if you operate locally or over-the-road. Most local drivers are paid hourly and most over-the-road drivers are paid by the mile. Hourly paid is pretty straightforward, over-the-road, not so much. We spend most of our time talking about that. Here are some of the areas we touch on: * Deadhead miles * Bonuses (There is a lot that goes into this one.) * Why I feel torn about incentive type pay We finish off by discussing how to figure out how much to pay and what are some of the things you should think about in that regard are.

Rinse and repeat is a good thing when times are good, not so much when you're in a freight market like we are in right now. January seems almost like a carbon copy of December. Most of the numbers are very similar. Before Craig and I dive into the numbers I talk about a couple of recent instances that happened to a couple of our trucks over the last week. Hopefully you find them entertaining. What To Expect From Episode 173 Let's take a look at the numbers: * Total miles ran– 119,570 * Deadhead miles– 8,559 (7.16%) * Total revenue- $247,795.86 * All-in rate-per-mile- $2.07 Haulin Assets had a profit of $15,862.03. P&L * Damages * Fuel * Worker's Compensation * Maintenance and Repairs * Parking * Fuel Taxes