#154. April 2024 Financials
We keep moving in the right direction, April 2024 Financials were better than March. If you remember I mentioned I would be happy if we can keep doubling our net income for 4-5 months. April is the third month in a row we have been able to do that. We start off the episode talking about the importance of being agile. If you aren't agile in this kind of a market, you are going to be hurting. What To Expect From Episode 154 Even though we keep moving in the right direction, there is still a decent way to go. Here are the numbers: Total miles ran– 113,066 (Lowest in a while, had a truck sitting for a while. Larry had to step a way from over the road for a while. He is a great driver, we’ll miss him) Deadhead miles– 7,551 (6.7%, slight increase) Total revenue- $241,614.25 (Decrease, for the number of miles, it’s an improvement) All-in rate-per-mile- $2.14 (Moving in the right direction) Haulin Assets realized another baby profit of $10,565.31. That is also 7 months in a row in the black. Here are some of the P&L items we discuss during this episode: Revenue was downRate per mile was up. Most expenses were pretty normal, but here are the exceptions:Bad debt Maintenance and repairs I did another CPM analysis and we went from $1.97 in October 2023 to $1.87 now