Haulin Assets

Motor Carrier HQ
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Haulin Assets

Chris has years of experience helping others start their own trucking company. Now he’s going from behind the desk to behind the wheel to put his money where his mouth is. Follow the highs and lows of starting a trucking company through our podcast Haulin Assets.

  1. FEB 12

    #172. You've Been In an Accident, Now What?

    This is a super important episode. If you own a truck, are a truck driver or run a trucking company, chances are you are going to deal with an accident at some point in your career. When it happens, you want things to go as well as possible. During this episode, Craig and I are going to help you know how you can be prepared and we will help arm you with some tips to protect you against those who want to take advantage of the situation. What To Expect From Episode 172 We have all been driving down the interstate and seen a billboard that says something along the lines of, “Have you been hit by a semi, give us a call and we’ll make sure you get what you deserve.” Basically, that just means they know there is big insurance money behind trucking companies and they will try to sue the pants off them. Sometimes even if the accident wasn’t the trucking company's fault. We talk about some things you can do to help you get the best possible outcome. Prevention (Before the Accident) Follow the FMCSA rules Make sure you are hiring qualified, safe drivers Maintain up-to-date driver qualification files Keep your vehicles well maintained Don't break Hours of Service rules Install forward facing cameras on your trucks When An Accident Happens Turn on your hazards If physically able, place warning triangles, flairs, etc. (make sure you know how to do this correctly) Take lots of pictures, from multiple angles, including some from far enough away to capture the entire scene Once things have calmed down, call your insurance company ASAP, ideally before you leave the scene, for sure within 24 hours I can't emphasize this enough, I explain why this is so important in the episode Post Accident There are lots of things that need to happen. We aren't going to cover them in this episode, but make sure you do them. If you don't know what to do, contact your insurance company. They should be able to help.

    32 min

  2. JAN 29

    #171. December 2024 Financials

    Before we get into the December 2024 financials, I go on a bit of a rant about truck parking. It is such a HUGE Problem! It causes drivers frustration and costs everyone time and money. I talk about an incident that recently happened to us that cost us a lot of money because of the parking problem. And it is a completely ridiculous situation that happened just north of Charlotte, NC at a Shell truck stop called Charlotte Travel Plaza. Beware of this place. You have to check in to park, if you don't, the parking fine they charge you is beyond RIDICULOUS, it really is a scam and it's legal because of the North Carolina laws. Listen to the episode to hear how much we had to pay to get a boot removed, it's not going to help out our January Financials. Shame on North Carolina for allowing this kind of extortion to happen, it's worse that usury interest on check cashing loans. What To Expect From Episode 171 The numbers this month were good, not great. I am however starting to feel a little bit of optimism that this year is going to see some improvement in the market. I have my fingers and toes crossed that things do get better. Let's take a look at the numbers: Total miles ran– 121,021 Deadhead miles– 7,282 (6%) Total revenue- $253,288.09 All-in rate-per-mile- $2.09 Haulin Assets had a profit of $12,042.27. P&L Items Payroll Fuel Maintenance and Repairs

    24 min

  3. JAN 15

    #170. Building a Culture of Safety

    As I mentioned recently, Brad, our operations manager left us the end of last year and Nate and I have had to divvy out his responsibilities. One of them that I have taken on is safety and compliance, so those topics have been pretty heavy on my mind lately. I feel like as a company, we have a pretty good safety culture, but we aren't perfect, and I want to step it up a notch. Improving safety within Haulin Assets is one of my personal goals for 2025. In this episode we cover some of the things that have been on my mind. What To Expect From Episode 170 I know this is not the most sexy topic in the world, it doesn’t bring in revenue, it’s not a task that requires your immediate attention like a broken down truck, but it will have an impact on your bottom line and can have catastrophic consequences if ignored. Here are the things we cover in this episode: Why does safety matter How do you build a safety culture Where can I find resources to help Why Does Safety Matter There is a lot that goes into this and we cover a lot in the episode, but it all boils down to a few things. We have a moral obligation to the public to do what we can to keep roads safe and the financial health of our companies depends on it. In trucking, profit margins are thin and we can't afford unnecessary expenses. Damage to equipment and injuries are often preventable and are big expenses we can largely avoid. How Do You Build A Safety Culture It starts at the top. Here are some of the topics we cover: Make safety a priority and ensure your drivers know it Show your drivers safety is more important that on-time deliveries Have regular safety meetings/talks Resources Your insurance company YouTube Haulin Assets Academy (Coming Soon) The FMCSA Resources for Drivers Resources for Carriers

    34 min

  4. JAN 1

    #169. November 2024 Financials

    It's the end of 2024, in fact, this episode with the November 2024 Financials is getting recorded on the last day of the year, but will post on the first day of the new year. 2024 was a tough year, proceeded by another tough year, that honestly was preceded by the start of the drop in the freight market. With three tough years in a row, we deserve some relief. With dropping interest rates, an economy that appears to be decently healthy, and what is likely to be a more trucking friendly presidency coming into office, there is a lot to look forward to. What To Expect From Episode 169 Sorry there has been a bit of a break since the last episode, with me taking a trip in a truck and the Holidays, I just couldn't get an episode out. November was an interesting month in a few ways, mileage dropped, but revenue increased. That makes for some pretty good talking points. Let's take a look at the numbers: Total miles ran– 109,155 (One of the lowest mileage months of the year) Deadhead miles– 7,147 (7.1%) Total revenue- $236,053.07 (With the holiday, ran fewer miles, but more profitable miles) All-in rate-per-mile- $2.16 (Best in several months, third best of the year) Haulin Assets had a profit of $16,837.14. With as low as our mileage was, profit could have been a lot worse, our saving grace was definitely the better rate per mile. P&L Items Maintenance and Repairs IFTA Payments Fuel, 26.4% of revenue We sold a piece of equipment

    27 min

  5. 11/27/2024

    #168. October 2024 Financials

    Happy Thanksgiving! Some of you will be home for Thanksgiving, some of you won’t, I know what that is like. I want you all to know I am thankful for you. Both that you are listeners and fans of the podcast and that you keep America moving. I am thankful that there is food on my table and a roof over my family's head, both of which would not be possible without what you do everyday. THANK YOU. What To Expect From Episode 168 Revenue dropped a bit last month. I wish I know what caused it. I think there are several factors, one of them just being that the market is still bad and it is volatile. Total miles ran– 119,607 (Higher than last month) Deadhead miles– 8,542 (7.1%) Total revenue- $227,931.30 (Lower than expected, I think partly due to lower fuel prices, brokers are being more stingy on rate) All-in rate-per-mile- $1.96 (Our worst rate per mile all year) Haulin Assets had a profit of $5,062.43. With as low as our revenue was and as bad as the rate per mile was, I am kind of surprised we turned a profit. P&L Items Work Comp Maintenance and Repairs Fuel

    19 min

  6. 11/13/2024

    #167. Getting Ready for 2024 Taxes

    Get the full show notes at haulinassetsllc.com Check out MotorcarrierHQ.com  Find our courses at haulinassetsacademy.com   The end of the year is a crazy busy time with the Holidays and everything else going on so taxes typically are not at the forefront of your mind, but they need to be. There are certain things you can do to improve your tax situation before December 31st that you can't do after January 1st, so you need to have a plan. I usually try to have a general idea about what I want to do by the end of October or the beginning of November. During this episode we are going to give you somethings to think about so you can start to build the right plan for you. What To Expect From Episode 167 So you own a business, does that mean you need to file a business tax return? The answer is maybe... We are going to help you answer that question and so much more. Here are some of the things we will cover. Filing deadlines, April 15th, right? Not always. Here are some other deadlines we talk about. Partnerships and S-Corps (March 15) Single Member LLC, Sole Proprietor, Corporations (April 15) Extensions (September 15th and October 15th) Quarterly Tax Payments ( 15th of the month after a quarter ends) One of the most important things you need to decide, is what is more important to you… show a profit or reduce how much you have to pay in taxes. You really can’t do both. No one wants to pay any more taxes than they have to, but to lower your tax bill you have to lower your profit which then hurts when you try to get financing. Tax Strategies Reduce Taxes Maximize Profits Strategies for reducing income: Business StrategiesPurchasing equipment and different types of depreciationUse of accelerated depreciation Expense planningPrepaying expenses Negotiating payment plans or future payments Ensure you capture all your expenses, and account for all your deductionsHome Office Business use of personal vehicle Child Care Revenue RecognitionCash Basis vs Accrual When does it need to be Personal Tax PlanningRetirement accountsSEP Traditional IRA 529 College savings account Health Savings Plans Itemized DeductionsMortgage Interest Charitable Contributions None-reimbursed medical expenses If you have been slacking on your bookkeeping, get caught up now so you don’t have surprises early next year when you can’t do much about it Be ready to provide a summary of your business operationFactoring company statements Business bank account and transaction categorizationSome banks track your spending and categorize expenses. May require specific accounts or Use an accounting firm Multiple years of taxes needed, start with today and filed the current year. Don’t get overwhelmed. Strategically work your way backwards until it’s done. Small wins will get you there.

    47 min

  7. 10/30/2024

    #166. September 2024 Financials

    Get the full show notes at haulinassetsllc.com Check out MotorcarrierHQ.com  Find our courses at haulinassetsacademy.com   It's Halloween, which is a fun time of year. I love driving down the road and seeing how drivers deck out their trucks. It's fun to see their personalities come through. What To Expect From Episode 166 We are still slugging through this unprecedented freight market. I wish I knew when things would turn around, I keep thinking it has to be right around the corner, but I have thought that for a year now. I expect we'll see at least a little relief due to the holiday push, but I don't expect it to blow anyone's socks off. Here are the numbers for September. Total miles ran– 107,902 Deadhead miles– 5,141 (4.8%) Total revenue- $227,931.30 All-in rate-per-mile- $2.11 ($0.02 better than last month, $0.20 better than last year) Haulin Assets had a profit of $16,024.48. Which is more than I would have guessed, based on the revenue number. Still not close to where we want to be, but… all things considered, it could have been worse. Here are the P&L items that we'll talk about. Maintenance and Repairs Fuel

    21 min

  8. 10/16/2024

    #165. Staying Healthy on the Road (thoughts from someone who struggles)

    Get the full show notes at haulinassetsllc.com Check out MotorcarrierHQ.com  Find our courses at haulinassetsacademy.com   In this episode we are going to step out of the truck and away from the business and focus on you and your health. This can be a sensitive topic and it's something I have struggled with most of my adult life. I have found something that is working for me better than anything else I have done and want to share it. I'm no health expert, but want to share my story. It a change is something you are looking for, I hope this helps. Before we get into the meat and potatoes of the topic, Craig and I talk about some of the challenges the trucking industry is facing because of the crazy amount of fraud going on. What To Expect From Episode 165 Not everyone cares about their weight. With this and most things in life I take the attitude of to each their own. Do whatever makes you happy in life as long as it isn't impacting someone else. For me, weight is one of those things I love and hate. Because I am in the National Guard, I have to maintain a certain weight standard and it is something I constantly struggle with. I like food too much and I like to eat too much food. I tend to yo-yo. Most years during the summer I lose 20-30 pounds and then gain it back in the winter. This summer I tried something different that is working better than anything else I have ever tried. It is something you can do while on the road so I thought it would be good to share it with you. It's nothing new, you have probably heard of it. I've been counting macronutrients, commonly referred to as macro nutrients. Neither Craig or I are nutritionists so I am not going to go into the science of it, but I talk about my experience and share what I have been doing in more detail. Basically, I figure out what my macro breakdown needed to by, actually a professional figured that out for me. I use an app to track my macros on a daily basis to make sure I am eating a little less than what my body actually needs so that I lose about a pound a week. Like I said, we go into this in more detail during the episode. Here are some of the things I typically eat for each meal. BreakfastGreek yogurt (It's higher in protein than regular yogurt) Cottage cheese I often mix the cottage cheese and yogurt (I like it my wife doesn't) Oatmeal Mix (Oatmeal with water or milk, protein powder, I like vanilla, and fruit) Reese's peanut butter cup protein shake (8 ounces of milk, ice cubes, spinach, half a banana, two scoops of PB Fit, one scoop of chocolate protein power, mix it in a blender) LunchChicken breasts 8-11 ounces, grilled or baked with seasoning. You can cook it with a Road Pro 12 volt stove. Sandwiches using pitta bread and filled with cold cut lunch meats and cheese or healthy chicken salad. Cold cut lunch meat wrapped in cheese for a lower carb option DinnerRotisserie chicken from the grocery store, makes several meals Breakfast burritos or an omelet Fish Shrimp cocktail, if I want to treat myself Tons of healthy dinner recipes, we make a big meal and eat leftovers. I always took as many leftovers as I could when on the road. SnacksProtein drinks Protein bars Snickers, not the king size Beef jerky Boiled eggs Egg muffins Eating OutI still tend to get a burger and fries at least once a week. I just usually don't have the bun, some places call it protein style others call it a lettuce wrap and I only get a regular fry. I make healthier choices. When I go to Texas Roadhouse I only eat one roll instead of five For example, I recently went to Buffalo Wild Wings. I got the traditional 10 piece non-breaded wings, half with a dry rub half with a sauce and I only dipped a few of them in ranch. Tips for being successful Don't let yourself get hungry Focus on hitting your protein goalYou'll feel fuller and have less cravings Don't drink sugary drinksCoffee and diet sodas are good Water is the best Don't beat yourself up if you aren't perfect, you are

    51 min
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About

Chris has years of experience helping others start their own trucking company. Now he’s going from behind the desk to behind the wheel to put his money where his mouth is. Follow the highs and lows of starting a trucking company through our podcast Haulin Assets.

Information

  • Creator
    Motor Carrier HQ
  • Years Active
    2019 - 2025
  • Episodes
    175
  • Rating
    Clean
  • Copyright
    © Copyright 2019 All rights reserved.
  • Show Website
    Haulin Assets

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