Haulin Assets

In this episode of Haulin Assets, we’re giving a freight market update—and while the beginning might sound a little doom-and-gloom, don’t worry. There’s light at the end of the tunnel, and we share why things are finally starting to turn around. We walk through the current market forces, how we got here, and why I believe the 4th quarter of 2025 could be the best we’ve seen in quite a while. You can listen to the full episode here or on your favorite podcast app. What We Talk About In This Episode We start off with a quick story about a rental truck and a call I had with a judge in Oregon who, until now, had never let anyone off the hook for an OR citation. After I explained how Oregon’s system works—and how it differs from other states—she had a change of heart. It was a good reminder of how misunderstood the trucking world can be from the outside. Then we dig into the big topic: how the freight market has evolved over the past five years, with a focus on: A quick refresher on supply and demand, complete with a graph analogy: Y-axis = freight rates X-axis = number of trucks and volume of freight Where the lines cross is market equilibrium—where supply meets demand What happened during and after COVID: Massive consumer spending on goods instead of travel Skyrocketing freight volume and rates A wave of new entrants into the trucking industry How it all began to change around March 2022: Too many trucks on the road Freight rates dropping consistently for nearly two years Signs of stabilization in 2024–25: Truck count slowly decreasing Demand holding steady Recent holidays (DOT Blitz, Memorial Day, July 4th) showed stronger rate spikes than we’ve seen in years The Bottom Line For the first time in a long while, we’re back near equilibrium. There’s very little excess capacity in the market right now, and when capacity dips—even a little—rates jump. That’s a good sign. I think we’re heading into a much stronger Q4 than we’ve had in recent years. If you’ve been hanging on, it might finally start paying off.

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 Motor Carrier HQ: http://bit.ly/motor-carrier Facebook: https://www.facebook.com/haulinassets Podcast/ iTunes: http://bit.ly/ha-itunes Google Podcasts: http://bit.ly/ha-google-podcasts Stitcher: http://bit.ly/ha-stitcher

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: Look for new revenue sources Review all your expenses to trim the fat 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.

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

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

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