2018-09 September One-Page P&L Flip Book

MODERN GROUP LLC
Summary of All Units

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend % of Revenue YTD
329.0 327.0 361.6 Diff From Theo Curr. Mo.
66.0 69.0 62.9 7746.5
Drivers 329.0 0.0 1162.3
8614.0 10751.0 9390.5 182298.0
Owner Operators 66.0 0.0

Load Count 8614.0 0.0

REVENUES $3,897,443. $4,348,872. $4,767,949. $3,713,731. $183,712. 85.7% $42,584,530.
Mainline Revenue
Fuel Surcharge $650,319. $733,422. $726,920. $613,271. $37,048. 14.3% $6,852,856.
$4,547,761. $5,082,294. $5,494,870. $4,327,001. $220,760. 100.0% $49,437,386.
Total Mainline Revenue
$62,157. $79,017. $63,119. ($641.) $62,157. 1.4% $634,934.
Wash Revenue ($641.)
Wash Expense ($64,539.) ($66,476.) ($73,600.) ($63,898.) (1.4%) ($692,705.)
Net Wash Revenue ($2,382.) $12,541. ($10,481.) ($1,741.) (0.1%) ($57,771.)

Accessorial Revenue $88,138. $155,933. $55,193. $88,138. 1.9% $620,798.

Broker Revenue $1,450,084. $1,293,834. $1,130,601. $346,725. $1,103,359. 31.9% $12,298,739.
Broker Expense ($1,252,364.) ($1,136,170.) ($978,225.) ($276,754.) ($975,610.) (27.5%) ($10,707,459.)
Broker Margin $152,376. $127,749.
$197,720. $157,664. $69,971. 4.3% $1,591,280.
Owner Operator Revenue 1.12% 0.00%
Owner Operator Expense 0.00% 0.00% 0.00% 0.00% 0.00%
Owner Operator Margin
$1,020,070. $1,211,293. $1,115,155. $726,990. $293,081. 22.4% $10,209,233.
Other Revenue ($775,068.) ($933,176.) ($893,651.) ($554,241.) ($220,827.) (17.0%) ($8,195,375.)
$245,002. $278,117. $221,504. $172,749. $2,013,858.
Total Revenue $72,253. 5.4%
Revenue, Net of OO, Broker, Wash Exp 0.00% 0.00% 1.66% 0.00% 0.00%
OPERATING EXPENSES 0.00% 0.00%
Equipment
$143,950. $143,670. $218,402. $143,950. 3.2% $1,304,185.
Fuel Expense
Tractor Expense $7,312,161. $7,966,041. $8,077,340. $5,400,717. $1,911,444. 160.8% $74,505,275.
Trailer Expense 114.8% $54,909,736.
Equipment Maintenance $5,220,190. $5,830,219. $6,131,863. $4,569,081. $651,109.
Collision Expense
Liability Insurance $943,221. $1,077,099. $1,156,336. $872,150. $71,071. 18.1% $10,558,122.
Trucking Technology $806,028. $807,687. $820,834. $728,083. $77,945. 15.4% $7,192,506.
Total Equipment Expense $278,718. $241,613. $333,066. $228,814. $49,904. $2,307,627.
$362,772. $406,826. $324,623. $219,737. $143,035. 5.3% $3,150,090.
Job Expense $157,912. $110,476. $19,040. 6.9% $1,002,988.
Total Job Expenses $73,641. $127,241. $122,742. $54,601. $45,586. 1.4% $1,059,538.
$114,389. $53,202. $35,617. $68,802. $11,116. 2.2% $330,709.
Labor Expense $19,463. $417,696. 0.6%
Terminal Management $30,579. $2,871,579. $2,903,693. $2,191,651. 50.0% $25,601,581.
Driver Pay, Rev. Generating $2,609,347.
Misc. Driver Pay
PTO, Holiday and Bonus Pay $106,681. $89,225. $89,242. $27,899. $78,782. 2.0% $888,472.
Mechanic Labor
Payroll Taxes $162,858. $170,530. $169,071. $184,087. ($21,229.) 3.1% $1,500,414.
Benefits Expense $1,012,247. $1,085,951. $989,331. $22,917. $11,004,006.
Worker's Comp Expense $1,225,066. 19.4%
Payroll Fees $131,289. $138,319. $103,736. $131,289. $1,122,596.
Recruiting and Retention $174,991. $184,836. $120,354. $3,500. $71,255. 2.5% $1,392,063.
Rent $5,516.
Office Expense $9,016. $12,798. $144,783. $107,025. $7,266. 3.4% $100,154.
Travel Expense $114,291. $120,144. $200,735. $1,394,811.
Misc Expenses $180,641. $198,114. $11,481. $101,831. ($20,094.) 0.2% $1,495,745.
$220,908. ($7,633.) $1,331,783.
Total Labor & Related $94,199. $160,771. $46,452. $6,960. 2.2%
$6,960. $6,960. $65,830. $10,873. $81,439.
DIRECT COSTS $57,556. $170,027. $14,361. 3.5% $736,137.
GROSS MARGIN $57,324. $78,540. $9,411. $26,105. $724,263.
GENERAL OVERHEAD $80,191. $36,793. $137,087. $13,292. $77,748. 1.8% $342,366.
Total Operating Expense $35,516. $93,651. $2,154. $728,532.
$91,039. $15,397. $3,760. 0.1% $105,923.
BAD DEBT EXPENSE (7130) $7,159. $1,828,988. $327,487. $22,060,231.
START UP COSTS (7200) $5,914. $2,412,257. $76,971. 1.1% $48,550,283.
GAIN OR LOSS ON SALE (7500) $2,156,475. $4,048,538. $823,965. $6,359,453.
Total Other $5,373,061. $79,457. $520,543. ($172,855.) 1.5% $3,288,234.
EBITDA $4,872,502. $457,158. $27,218. $51,838,517.
Interest,Tax, Depreciation $347,687. $346,130. $39,712. $304,474. 0.7%
$331,692. $4,075,756. $1,128,439. $87,166.
NET INCOME/(LOSS) $5,719,191. $80,579. 1.7%
$5,204,194. $23. -- $86,442. ($1,113.)
$86,442. $12,212. $493,325. -- 0.1% $86,054.
($1,486.) $2,442,967. -- 41.3% $2,985,165.
$86,442. ($1,463.) $9,337. $1,832,896.
($70,447.) $112,492. $5,435,902. $86,442. 93.3%
$176,212. $197,090. $695,961. ($563,772.) 4.8%
$363,174. 4.5%
$166,876.
$5,799,077. 71.2%
$18,526. ($730,648.) 1.2%
$10,103. --
$1,718. --
$30,347. 1.2%

$302,439. (1.0%)
$112,814. 2.4%

($246,659.) ($84,598.) $189,625. $483,988. (3.4%) $1,152,269.

MODERN TRANSPORTATION LLC
Northern Region

For the Nine Months Ending Sunday, September 30, 2018

Drivers September Prior Month 12 Mo. Avg. Theo. Spend % of Revenue YTD
99.0 100.0 100.7 Diff From Theo Curr. Mo.
Owner Operators 5.0 5.0 4.0 2128.0
99.0 0.0 69.0
Load Count 2510.0 2748.0 2336.8
5.0 0.0 45241.0
REVENUES
Mainline Revenue 2510.0 0.0
Fuel Surcharge
$1,072,522. $1,219,315. $1,299,897. $1,061,509. $11,013. 82.9% $11,594,496.
Total Mainline Revenue
$221,783. $246,560. $267,386. $225,513. ($3,730.) 17.1% $2,451,605.
Wash Expense $1,294,305. $1,465,875. $1,567,283. $1,287,022. $7,283. 100.0% $14,046,101.
Net Wash Revenue
($300.) ($1,143.) ($684.) ($480.) $180. (0.0%) ($5,136.)
Accessorial Revenue ($300.) ($1,143.) ($684.) ($480.) $180. (0.0%) ($5,136.)

Broker Revenue $380. $661. -- -- $1,357.
Broker Expense
Broker Margin $44,008. $51,746. $64,813. -- $44,008. 3.4% $563,155.
($25,764.) ($29,919.) ($52,493.) ($25,764.) (2.0%) ($434,886.)
Owner Operator Revenue $18,244. $21,826. $12,320. 0.00% $18,244. 1.4% $128,269.
Owner Operator Expense
Owner Operator Margin 0.00% 0.00% 1.58% 0.00% 0.00% 0.00%

Total Revenue $103,195. $127,401. $97,070. $96,584. $6,611. 8.0% $1,015,230.
Revenue, Net of OO, Broker, Wash Exp ($79,989.) ($90,177.) ($70,874.) ($66,153.) ($13,836.) (6.2%) ($743,081.)
OPERATING EXPENSES $23,206. $37,224. $26,196. $30,432. ($7,225.) 1.8% $272,149.
Equipment
0.00% 0.00% 2.25% 0.00% 0.00% 0.00% 0.00%
Fuel Expense
Tractor Expense $1,441,508. $1,645,401. $1,729,827. $1,383,606. $57,902. 111.4% $15,625,843.
Trailer Expense $1,335,455. $1,524,162. $1,605,775. $1,316,974. $18,482. 103.2% $14,442,739.
Equipment Maintenance
Collision Expense $275,744. $309,858. $349,584. $262,572. $13,172. 20.6% $3,156,169.
Liability Insurance $227,775. $235,033. $206,979. $210,551. $17,224. 17.1% $1,907,122.
Trucking Technology
Total Equipment Expense $50,059. $51,619. $40,131. $44,910. $5,149. 3.7% $380,820.
$102,210. $109,346. $88,298. $70,133. $32,077. 7.7% $855,388.
Job Expense $24,351. $16,023. 1.6% $220,297.
Total Job Expenses $21,207. $23,921. $31,075. $21,639. $5,184. 2.2% $268,090.
$29,646. $29,998. $8,007. 0.7%
Labor Expense $17,094. $8,957. $6,720. $1,974. 53.6% $86,191.
Terminal Management $8,694. $776,869. $749,375. $632,548. $82,787. $6,874,077.
Driver Pay, Rev. Generating $715,334.
Misc. Driver Pay
PTO, Holiday and Bonus Pay $23,586. $32,122. $27,287. $16,506. $7,080. 1.8% $249,896.
Payroll Taxes
Benefits Expense $38,778. $41,743. $38,802. $47,229. ($8,452.) 2.9% $346,335.
Worker's Comp Expense $274,251. $291,407. $335,487. $275,771. 20.5% $2,986,170.
Recruiting and Retention ($1,520.)
Rent $47,567. $41,822. $27,306. $32,420. 3.6% $288,242.
Office Expense $37,437. $41,639. $34,027. $31,035. $47,567. 2.8% $306,433.
Travel Expense $32,000. $33,127. $51,097. $57,915. 2.4% $429,637.
Misc Expenses $34,813. $37,761. $30,468. $28,441. $5,017. 2.6% $261,596.
$23,849. $123,273. $44,697. $11,613. 1.8% $439,700.
Total Labor & Related $32,997. $965. 0.6%
$8,130. $7,012. $8,585. 2.2% $88,203.
DIRECT COSTS $29,784. $29,158. $28,918. $1,853. ($23,102.) 0.2% $271,474.
GROSS MARGIN $2,692. 0.8%
GENERAL OVERHEAD $3,121. $3,886. $3,181. ($4,592.) 0.0% $27,169.
Total Operating Expense $10,292. $11,343. $11,790. $890. 40.5% $110,409.
EBITDA $522,855. ($3,483.) 95.8%
Interest,Tax, Depreciation $328. $696. $1,377. $1,171,909. 3.9% $9,773.
$540,349. $662,867. $615,735. ($3,212.) 0.5% $5,565,141.
NET INCOME/(LOSS) $1,279,270. $1,471,858. $1,392,397. $145,065. 89.3%
$6,817. $1,269. 3.4% $12,689,114.
$56,186. $52,304. $213,379. $1,753,626.
$7,284. $6,872. $10,345. $1,178,726. $7,601. -- $84,731.
$138,248.
$1,286,554. $1,478,730. $1,402,742. $2,971. ($562.) 3.4% $12,773,844.
$48,901. $45,432. $203,033. $17,494. $1,668,895.
-- $107,361.
$48,901. $45,432. ($88,880.) $1,668,895.
$203,033.
$467.
$107,829.
($89,347.)
($2,971.)

$135,277. ($86,376.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
BROCKWAY INCLUDING HAMD 05+18 52.0 Curr. Mo.
Load Count For the Nine Months Ending Sunday, September 30, 2018 948.0
0.0
REVENUES September Prior Month 12 Mo. Avg. Theo. Spend 14292.0
Mainline Revenue 52.0 52.0 45.3
Fuel Surcharge
1086.0 1155.0 735.2 1086.0 0.0
Total Mainline Revenue
$586,346. $626,395. $485,195. $581,659. $4,686. 78.1% $4,699,013.
Wash Expense
Net Wash Revenue $164,825. $174,113. $128,227. $167,966. ($3,141.) 21.9% $1,298,314.
$751,170. $800,508. $613,422. $749,625. $1,545. 100.0% $5,997,327.
Broker Revenue
Broker Margin ($265.) ($232.) ($287.) ($238.) ($27.) (0.0%) ($2,465.)
($265.) ($232.) ($287.) ($238.) ($27.) (0.0%) ($2,465.)
Owner Operator Revenue
Owner Operator Expense -- -- $1,082. -- -- -- $12,986.
Owner Operator Margin 0.00% $1,082. -- -- $12,986.
0.00% 0.00% 0.00% 0.00%
Total Revenue -- 8.33% 100.00%
Revenue, Net of OO, Broker, Wash Exp 0.00% -- -- -- --
OPERATING EXPENSES $183. -- -- $2,200.
Equipment 0.00% ($362.) 0.00% -- -- ($2,000.)
($178.) 0.00% 0.00%
Fuel Expense (8.11%) $200.
Tractor Expense
Trailer Expense 0.00%
Equipment Maintenance
Collision Expense $751,170. $800,508. $614,688. $749,625. $1,545. 100.0% $6,012,513.
Liability Insurance $750,905. $800,276. $614,039. $749,387. $1,518. 100.0% $6,008,047.
Trucking Technology
Total Equipment Expense $182,688. $200,147. $158,625. $178,823. $3,864. 24.3% $1,539,536.
$123,711. $122,578. $89,707. $109,504. $14,207. 16.5% $874,018.
Job Expense $13,675. $138,191.
Total Job Expenses $21,653. $22,277. $37,340. $19,828. $1,824. 2.9% $349,526.
$28,466. $52,147. $5,563. $40,417. ($11,951.) 3.8% $46,589.
Labor Expense $11,243. $10,884. ($10,366.) 0.1% $105,594.
Terminal Management $518. $9,966. $3,489. $12,289. 2.1% $36,071.
Driver Pay, Rev. Generating $15,677. $14,533. $3,388. 0.5%
Misc. Driver Pay $11,783. $319,640. $3,500. ($45.) 50.1% $3,089,525.
PTO, Holiday and Bonus Pay $3,455. $433,431. $375,246. $921.
Payroll Taxes $376,167.
Benefits Expense
Worker's Comp Expense $4,759. $6,535. $3,718. $3,563. $1,196. 0.6% $36,991.
Recruiting and Retention
Rent $12,903. $13,555. $10,692. $14,583. ($1,681.) 1.7% $104,195.
Office Expense $169,789.
Travel Expense $147,678. $157,097. $137,339. ($22,111.) 19.7% $1,294,095.
Misc Expenses $15,864.
$29,290. $20,256. $17,313. $18,768. $29,290. 3.9% $183,579.
Total Labor & Related $26,960.
$23,210. $26,959. $17,470. $16,236. $7,346. 3.1% $162,218.
DIRECT COSTS
GROSS MARGIN $17,803. $18,587. $23,340. $5,638. ($965.) 2.4% $199,363.
GENERAL OVERHEAD $4,946.
Total Operating Expense $18,638. $20,405. $12,828. ($8,322.) 2.5% $115,322.
EBITDA $525.
Interest,Tax, Depreciation $14,072. $80,073. $19,567. $1,225. ($2,164.) 1.9% $187,363.

NET INCOME/(LOSS) $491. $829. $1,959. $473. ($5,147.) 0.1% $19,970.
$275,007.
$2,116. $2,360. $1,786. ($2,829.) 0.3% $18,100.
$653,816.
$901. $1,744. $1,212. $95,571. $376. 0.1% $10,640.
$2,807.
$3,187. $3,041. $4,700. $1,962. 0.4% $32,198.
$656,623.
$53. $188. $352. $92,764. ($419.) 0.0% $2,166.
$270,343. $345,094. $248,559. $1,803. ($4,664.) 36.0% $2,329,211.

$651,269. $785,060. $571,917. ($2,547.) 86.7% $5,455,727.
$99,636. $15,217. $42,122. $4,065. 13.3% $552,320.
$2,244. $2,112. $5,484. ($563.) $39,855.
0.3%
$653,513. $787,172. $577,401. ($3,110.) 87.0% $5,495,582.
$97,392. $13,105. $36,638. $4,628. 13.0% $512,466.
--
($1,803.) --

$97,392. $13,105. $36,638. $90,960. $6,431. 13.0% $512,466.

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
GARDNERS 11 Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend

REVENUES

Broker Revenue $41,916. $48,902. $19,443. -- $41,916. -- $234,530.
Broker Expense ($25,764.) ($29,919.) ($12,549.) ($25,764.) -- ($150,851.)
Broker Margin $16,152. $18,983. 0.00% $16,152. --
$6,893. $83,679.
Total Revenue 0.00% 0.00% 0.00% 0.00%
Revenue, Net of OO, Broker, Wash Exp 2.95% 0.00%
OPERATING EXPENSES
Equipment $41,916. $48,902. $19,443. -- $41,916. -- $234,530.
$16,152. $18,983. $6,893. -- $16,152. -- $83,679.
Trailer Expense
Equipment Maintenance $1,819. $1,819. $1,819. $1,819. -- 11.3% $16,371.
Liability Insurance $486. $3,061. $1,044. $1,819. $486. 3.0% $5,535.
Total Equipment Expense -- $7.
$2,305. $4,880. $1. --
Job Expense $2,864. $486. 14.3% $21,913.
Total Job Expenses
$1,558. $2,174. $345. $342. $1,217. 9.6% $5,614.
Labor Expense
Terminal Management $3,389. $3,623. $3,547. $4,583. ($1,194.) 21.0% $31,905.
Driver Pay, Rev. Generating $351. ($13.) $351. $351.
Misc. Driver Pay $8. $145. -- $83. $8. 2.2% $8.
PTO, Holiday and Bonus Pay $136. $277. $361. $275. $136.
Payroll Taxes $302. $480. $302. 0.0% $3,909.
Benefits Expense $35. $23. $27. $517. ($48.) $4,022.
Worker's Comp Expense $197. $307. $128. $158. ($78.) 0.8%
Recruiting and Retention $2. $167. -- $293.
Rent $453. $453. $445. ($64.) 1.9% $1,235.
Office Expense $86. $122. $92. $42. ($72.)
Travel Expense $3. $5,825. $147. 0.2% $22.
Misc Expenses $313. $4,949. $0. ($42.) $3,885.
$7,986. 1.2%
Total Labor & Related $5,271. $12,003. $5,073. ($7,986.) ($554.) $880.
$6,980. -- $352.
DIRECT COSTS $9,134. $8,282. $228. $1,149.
GROSS MARGIN $7,018. $12,003. ($1,389.) $8,214. $15,003. 2.8% $3.
GENERAL OVERHEAD $6,980. ($8,214.) $46,864.
Total Operating Expense $9,134. $76. ($228.) 0.5%
EBITDA $7,018. $6,980. $8,358. ($8,214.) $921. $74,391.
($1,465.) 1.9% $9,288.
NET INCOME/(LOSS) $7,018. $15,231.
($1,465.) -- $74,391.
$15,231. 32.6% $9,288.

56.6%
16.7%

--
21.8%
16.7%

16.7% $9,288.

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
GENEVA 41 Curr. Mo.
402.0
For the Nine Months Ending Sunday, September 30, 2018
5654.0
September Prior Month 12 Mo. Avg. Theo. Spend

Drivers 15.0 15.0 18.1 15.0 0.0

Load Count 4.0 293.7 0.0 0.0

REVENUES $9,560. $207,053. -- -- $1,530,287.
Mainline Revenue
Fuel Surcharge $2,438. $73,800. -- -- $543,823.

Total Mainline Revenue -- $11,998. $280,853. -- -- -- $2,074,110.

Broker Revenue -- -- $43,001. -- -- -- $302,578.
Broker Expense 0.00% ($39,886.) -- -- ($284,036.)
Broker Margin 0.00% 0.00% -- --
-- $3,115. 0.00% $18,543.
Owner Operator Revenue 0.00% -- 0.00%
Owner Operator Expense 0.60% -- 0.00%
Owner Operator Margin 0.00% --
-- $69. -- -- $834.
Total Revenue ($38.) 0.00% -- ($460.)
Revenue, Net of OO, Broker, Wash Exp 0.00% -- $373.
OPERATING EXPENSES $31.
Equipment 0.00% 0.00%
3.73%
Fuel Expense
Tractor Expense -- $11,998. $323,923. -- -- -- $2,377,521.
Trailer Expense -- $11,998. $283,999. -- -- -- $2,093,026.
Equipment Maintenance
Collision Expense $8,547. $9,131. $83,271. $29,700. $8,547. -- $648,606.
Liability Insurance $28,657. $34,448. $40,457. $4,583. ($1,043.) -- $351,175.
Trucking Technology ($1,151.) -- $38,688.
Total Equipment Expense $3,432. $4,368. $4,056. $935. -- $92,049.
$5,657. $6,847. $11,214. $35,218. $5,657. -- $49,984.
Job Expense $15,242. $15,242. -- $36,469.
Total Job Expenses $179. $6,783. -- $9,900.
-- $1,067. $5,255. -- -- $1,226,871.
Labor Expense $1,305. $56,041. $1,118. $370.
Terminal Management $62,839. $152,154. $27,621.
Driver Pay, Rev. Generating
Misc. Driver Pay $11. $664. $606. $408. ($397.) -- $4,466.
PTO, Holiday and Bonus Pay
Payroll Taxes $2,300. $2,300. $2,529. $2,292. $8. -- $18,400.
Benefits Expense $8,874. $62,253. $12,602. -- $483,094.
Worker's Comp Expense $12,602. $15,494. $4,460. -- $28,624.
Recruiting and Retention $1,621. $1,947. $8,520. -- $43,382.
Rent $8,520. $1,754. $5,397. $9,678. ($1,864.) -- $66,782.
Office Expense $4,256. $9,269. $405. -- $36,341.
Travel Expense $2,596. $1,438. $4,613. $1,801. -- $41,558.
Misc Expenses $5,513. $1,170. ($4,980.) -- $9,570.
$1,801. $276. $1,850. -- $17,432.
Total Labor & Related $1,752. $888. $843. -- $1,966.
$4,698. $1,946. $160. ($492.) -- $8,547.
DIRECT COSTS $149. $83. ($466.) -- $1,238.
GROSS MARGIN $1,248. $272. -- $756,932.
GENERAL OVERHEAD $37,913. $695. $105. ($39.) -- $1,988,269.
Total Operating Expense $678. $354. $20,203. $355. -- $104,757.
EBITDA $94,618. $95,678. ($530.) -- $12,450.
$1,384. ($82,620.) $248,438. $55,829. $15,758. -- $2,000,719.
NET INCOME/(LOSS) $35,561. ($55,829.) $42,981. -- $92,307.
$121. $1,360. $1,140. ($42,981.)
$95,978. $249,578. $457. $956. -- $92,307.
$438. ($83,980.) $34,421. $56,286. $43,938.
($56,286.) ($43,938.)
($425.) $34,421.
$35,960. ($56,286.) ($43,938.)

$98,811.
($98,811.)

$1,413.
$100,224.
($100,224.)

($100,224.) ($83,980.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
MEADVILLE 14 9.0 Curr. Mo.
Load Count 210.0
For the Nine Months Ending Sunday, September 30, 2018 0.0
REVENUES 8872.0
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 9.0 9.0 10.2

Total Mainline Revenue 467.0 532.0 465.6 467.0 0.0

Wash Expense $110,295. $127,405. $134,666. $107,614. $2,681. 83.4% $1,182,971.
Net Wash Revenue
$21,973. $25,418. $23,634. $22,307. ($333.) 16.6% $221,511.
$132,269. $152,823. $158,300. $129,921. $2,348. 100.0% $1,404,482.

($4.) -- -- ($42.)

-- -- ($4.) -- -- -- ($42.)

Total Revenue $132,269. $152,823. $158,300. $129,921. $2,348. 100.0% $1,404,482.
Revenue, Net of OO, Broker, Wash Exp $132,269. $152,823. $158,296. $129,921. $2,348. 100.0% $1,404,440.
OPERATING EXPENSES
Equipment $33,284. $38,402. $39,502. $34,223. ($938.) 25.2% $350,953.
$17,792. $15,340. $17,979. $16,061. $1,731. 13.5% $161,559.
Fuel Expense $4,599.
Tractor Expense $7,099. $7,099. $4,668. $2,500. $7,026. 5.4% $44,842.
Trailer Expense $14,167. $3,848. $7,350. $7,141. ($1,293.) 10.7% $85,350.
Equipment Maintenance $12,826. $3,858. $1,927. $43,737.
Collision Expense $634. $2,425. $2,617. $2,176. $232. 0.5% $21,721.
Liability Insurance $2,408. $125. 1.8%
Trucking Technology $591. $602. $510. $11,482. 0.5% $5,619.
Total Equipment Expense $635. $80,531. $76,576. $64,538. 57.5% $713,781.
$76,020.
Job Expense
Total Job Expenses $947. $1,214. $1,110. $250. $697. 0.7% $10,226.

Labor Expense $1,829. $1,886. $1,968. $2,083. ($255.) 1.4% $15,450.
Terminal Management $35,675. $35,336. $32,420. $3,255. 27.0% $348,558.
Driver Pay, Rev. Generating $39,053. $1,047.
Misc. Driver Pay $1,047. $369. $2,846. $1,875. 0.8% $6,326.
PTO, Holiday and Bonus Pay $4,721. $5,665. $652. $3,318. 3.6% $39,158.
Payroll Taxes $3,488. $3,563. $5,308. $170. 2.6% $43,344.
Benefits Expense $3,031. $3,205. $4,320. $3,039. ($2,277.) 2.3% $23,397.
Worker's Comp Expense $2,048. $2,259. $1,335. 1.5% $19,640.
Recruiting and Retention $5,080. $1,340. ($991.) 0.5%
Rent $697. $672. ($638.) 1.4% $5,150.
Office Expense $1,828. $1,226. $2,642. $160. 0.1% $12,217.
Travel Expense $100. $488. 0.1%
Misc Expenses $116. $167. $2,198. ($44.) $1,599.
$136. $60. -- $959.
Total Labor & Related $54,349. $472. $52,010. $36. 41.3% $304.
$54,615. $116,797. ($60.)
DIRECT COSTS $136,093. $1,195. $2,606. 99.5% $516,103.
GROSS MARGIN $131,582. $16,730. $13,124. $14,785. 0.5%
GENERAL OVERHEAD $686. $340. $195. $600. ($12,437.) 0.3% $1,240,110.
Total Operating Expense $383. ($217.) $164,330.
EBITDA $136,433. $74. $117,397. $14,568. 99.8% $3,341.
Interest,Tax, Depreciation $131,965. $16,390. $12,524. ($12,220.) 0.2%
$303. $70. $335. ($335.) -- $1,243,451.
NET INCOME/(LOSS) $57,919. $160,989.
$135,605. $12,188. ($11,885.) 0.2%
$160,989.
$22,691.
$481.

$136,086.
$22,211.
--

$303. $16,390. $22,211.

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
OTTAWA 34 7.0 Curr. Mo.
Load Count 190.0
For the Nine Months Ending Sunday, September 30, 2018 0.0
REVENUES 7375.0
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 7.0 7.0 9.4

Total Mainline Revenue 437.0 450.0 395.5 437.0 0.0

Wash Expense $95,062. $113,034. $116,815. $93,364. $1,698. 79.4% $991,057.
Net Wash Revenue
$24,721. $31,677. $28,260. $25,419. ($698.) 20.6% $255,755.
Accessorial Revenue $119,783. $144,711. $145,075. $118,783. $1,000. 100.0% $1,246,811.

Broker Revenue ($35.) ($187.) ($242.) $206. (0.0%) ($1,251.)
Broker Margin ($35.) $206. (0.0%) ($1,251.)
-- ($187.) ($242.)
Owner Operator Revenue
Owner Operator Expense $380. $32. -- -- $380.
Owner Operator Margin
-- -- $69. -- -- -- $221.
Total Revenue 0.00% $69. -- -- $221.
Revenue, Net of OO, Broker, Wash Exp 0.00% 0.00%
OPERATING EXPENSES 8.33% 0.00% 0.00% 100.00%
Equipment
-- $1,166. $97. -- -- -- $1,166.
Fuel Expense 0.00% $953. -- -- -- --
Tractor Expense 0.00% -- --
Trailer Expense $2,119. $97. $1,166.
Equipment Maintenance 0.00% 0.00%
Collision Expense 200.00% 8.33% 100.00%
Liability Insurance
Trucking Technology $119,783. $146,256. $145,273. $118,783. $1,000. 100.0% $1,248,577.
Total Equipment Expense $119,748. $147,210. $145,086. $118,541. $1,207. 100.0% $1,247,326.

Job Expense $14,484. $19,023. $21,125. $16,026. ($1,541.) 12.1% $180,540.
Total Job Expenses $17,766. $18,176. $21,498. $17,378. $388. 14.8% $187,454.

Labor Expense $5,714. $5,714. $5,880. $5,829. ($115.) 4.8% $51,114.
Terminal Management $2,011. $14,381. $9,040. $4,378. ($2,367.) 1.7% $76,552.
Driver Pay, Rev. Generating $3,309. $2,106. $1,118. 2.8% $21,891.
Misc. Driver Pay $2,598. $1,128. $2,882. $1,262. $2,191. 2.2% $23,652.
PTO, Holiday and Bonus Pay $2,754. $1,107. $1,337. 0.6%
Payroll Taxes $687. $63,638. $585. 38.9% $9,888.
Benefits Expense $46,570. $688. $46,574. $102. $551,091.
Worker's Comp Expense $61,865. ($4.)
Recruiting and Retention
Rent $2,540. $3,072. $3,239. $842. $1,698. 2.1% $26,595.
Office Expense
Travel Expense $3,857. $5,110. $5,027. $4,940. ($1,083.) 3.2% $42,462.
Misc Expenses $26,146. $28,421. $29,748. $23,144. $3,002. 21.8% $251,641.
$643.
Total Labor & Related $643. ($5.) $1,022. $2,592. $438. 0.5% $9,698.
$3,030. $2,209. $2,372. $2,918. ($562.) 2.5% $21,268.
DIRECT COSTS $2,356. $2,290. $3,624. $5,498. 2.0% $30,841.
GROSS MARGIN $2,800. $2,390. $3,892. $2,466. ($2,699.) 2.3% $30,265.
GENERAL OVERHEAD $1,434. $1,204. $2,156. ($1,032.) 1.2% $18,000.
Total Operating Expense $1,362. $850. 1.1%
EBITDA $3,793. $925. $396. $3,994. $512. 3.2% $4,721.
Interest,Tax, Depreciation $3,770. $3,838. ($201.) 0.5% $34,593.
$573. $327. 3.3%
NET INCOME/(LOSS) $3,910. $233. $336. $400. $246. $2,779.
$4,582. $2,026. $3,510. -- $17,890.
$49,903. $86. 41.7%
$51,130. $63. $47,216. ($86.) $311.
$99,012. $54,500. $2,687. 82.7% $464,468.
$20,736. $116,067. $121,378. $94,631. 17.3% $1,042,154.
$31,143. $23,910. $4,381.
$794. $680. $23,708. ($3,174.) 0.7% $205,173.
$99,806. $653. $457. 83.3% $6,405.
$19,942. $116,747. $95,088. $337. 16.6%
$30,463. $122,031. $23,453. $4,718. $1,048,559.
$19,942. $23,055. ($3,511.) -- $198,768.
$30,463. -- $252. ($252.)
16.6% $198,768.
$23,055. $23,201. ($3,259.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
SADDLEBROOK 16 13.0 Curr. Mo.
Owner Operators 280.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 69.0
Load Count
September Prior Month 12 Mo. Avg. Theo. Spend 6090.0
REVENUES 13.0 12.0 13.3
Mainline Revenue
Fuel Surcharge 5.0 5.0 4.0 5.0 0.0

Total Mainline Revenue 352.0 431.0 312.1 352.0 0.0

Wash Expense $194,461. $240,721. $251,919. $193,024. $1,437. 95.0% $2,312,326.
Net Wash Revenue
$10,264. $12,914. $13,465. $9,822. $443. 5.0% $132,203.
Accessorial Revenue $204,725. $253,635. $265,384. $202,845. $1,879. 100.0% $2,444,529.

Broker Revenue ($911.) ($105.) -- -- ($911.)
Broker Margin
-- ($911.) ($105.) -- -- -- ($911.)
Owner Operator Revenue
Owner Operator Expense $629. -- -- $978.
Owner Operator Margin
$1,304. $1,125. $648. -- $1,304. 0.6% $5,320.
Total Revenue $1,304. $1,125. $648. $1,304. 0.6% $5,320.
Revenue, Net of OO, Broker, Wash Exp 0.00%
OPERATING EXPENSES 100.00% 100.00% 8.33% 100.00% 0.00% 100.00%
Equipment
$103,195. $126,235. $96,720. $96,584. $6,611. 50.4% $1,011,031.
Fuel Expense ($79,989.) ($91,130.) ($70,474.) ($66,153.) ($13,836.) (39.1%) ($740,621.)
Tractor Expense $23,206. $35,105. $26,246. $30,432. ($7,225.) 11.3% $270,410.
Trailer Expense
Equipment Maintenance 0.00% 0.00% 2.26% 0.00% 0.00% 0.00% 0.00%
Collision Expense
Liability Insurance $309,224. $380,994. $363,382. $299,430. $9,794. 151.0% $3,461,857.
Trucking Technology $229,235. $288,953. $292,803. $233,277. ($4,042.) 112.0% $2,720,325.
Total Equipment Expense
$25,561. $31,035. $31,836. $22,651. $2,910. 11.2% $309,376.
Job Expense $26,189. $24,474. $26,833. $26,003. $186. 11.4% $241,408.
Total Job Expenses
$7,028. $7,028. $6,793. $7,183. ($155.) 3.1% $61,840.
Labor Expense $34,638. $24,915. $16,483. $12,536. $22,102. 15.1% $180,656.
Terminal Management
Driver Pay, Rev. Generating $960. $8,407. $2,104. $1,369. ($409.) 0.4% $15,984.
Misc. Driver Pay $7,122. $1,893. $7,079. $4,276. $2,847. 3.1% $64,738.
PTO, Holiday and Bonus Pay $1,974. $97,752. $1,724. $1,124. 0.9% $15,533.
Payroll Taxes $103,472. $92,852. $850. $28,605. 45.1% $889,534.
Benefits Expense $74,867.
Worker's Comp Expense
Recruiting and Retention $8,508. $15,282. $14,022. $10,352. ($1,844.) 3.7% $129,866.
Rent
Office Expense $10,517. $11,011. $11,044. $13,748. ($3,231.) 4.6% $97,385.
Travel Expense $46,520. $35,070. $1,328.
Misc Expenses $36,398. $49,870. $7,716. 15.9% $467,490.
$5,365. $4,903.
Total Labor & Related $7,716. $4,105. $6,061. $4,131. ($2,320.) 3.4% $56,347.
$4,960. $7,161. $353.
DIRECT COSTS $2,583. $5,760. $2,701. $4,248. 1.1% $25,718.
GROSS MARGIN $37,992. $1,736. ($2,912.)
GENERAL OVERHEAD $4,484. $2,520. $7,406. $3,850. $602. 2.0% $69,373.
Total Operating Expense $3,447.
EBITDA $4,249. $5,547. $277. $1,312. 1.9% $47,293.
Interest,Tax, Depreciation $774. $583. $151.
$4,850. $2,381. $13,387. $756. 2.1% $147,529.
NET INCOME/(LOSS) $85.
$3,048. $124,835. $3,853. $75,792. $2,815. 1.3% $36,233.
$161,011. $596.
$4,001. $237,870. $3,199. 1.7% $34,485.
$51,083. $72,266. $7,167.
$1,034. $1,700. $688. $1,697. 0.5% $6,606.
$33,927.
$3,398. $239,570. $3,048. $162,708. ($37,969.) 1.5% $37,713.
$49,383. $70,569.
$681. $410. $386. $31. 0.3% $4,628.
$82,959. $107,214. $33,959. 36.2% $1,030,800.
$194,938. $70,183. ($38,000.)
$214,087. 85.0% $2,050,199.
$34,297. $78,716. ($386.) 11.1% $670,126.
$1,728. $1,780. $15,600.
($37,614.) 0.6%
$196,667. $215,867. 63.6% $2,065,800.
$32,569. $76,935. 10.5% $654,526.
--
--

$32,569. $49,383. $76,935. 10.5% $654,526.

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
Load Count VAN WERT 36 3.0 Curr. Mo.
98.0
REVENUES For the Nine Months Ending Sunday, September 30, 2018 0.0
Mainline Revenue 2958.0
September Prior Month 12 Mo. Avg. Theo. Spend
Total Mainline Revenue 3.0 5.0 4.5

Wash Expense 168.0 176.0 134.8 168.0 0.0
Net Wash Revenue
$86,359. $102,200. $104,248. $85,848. $511. 100.0% $878,842.
Broker Revenue $86,359. $102,200. $104,248. $85,848. $511. 100.0% $878,842.
Broker Expense
Broker Margin ($101.) -- -- ($467.)

-- -- ($101.) -- -- -- ($467.)

$788. $1,719. $570. -- $788. 0.9% $7,521.
($57.) -- --
$788. $1,719. $513. 0.00% $7,521.
100.00% $788. 0.9%
100.00% 7.50% 100.00%
100.00% 0.00%

Total Revenue $87,147. $103,919. $104,819. $85,848. $1,299. 100.9% $886,363.
Revenue, Net of OO, Broker, Wash Exp $87,147. $103,919. $104,660. $85,848. $1,299. 100.9% $885,896.
OPERATING EXPENSES
Equipment $11,180. $12,120. $15,226. $10,849. $330. 12.8% $127,159.
$13,660. $20,017. $10,506. $11,906. $1,755. 15.7% $91,509.
Fuel Expense $29,774.
Tractor Expense $3,314. $3,314. $3,240. $3,167. $147. 3.8% $65,719.
Trailer Expense $16,785. $4,147. $5,828. $5,661. $11,124. 19.3% $42,111.
Equipment Maintenance $3,937. $15,908.
Collision Expense $544. $1,700. $1,998. $725. ($180.) 0.6% $9,181.
Liability Insurance $1,840. $1,071. $1,637. $203. 2.1%
Trucking Technology $42,369. $917. $297. 0.7% $381,362.
Total Equipment Expense $637. $41,652. $340. 55.0%
$47,960. $34,285. $13,675.
Job Expense
Total Job Expenses $5,264. $3,180. $4,247. $750. $4,514. 6.0% $36,137.

Labor Expense $3,984. $4,258. $3,996. $5,000. ($1,016.) 4.6% $36,539.
Terminal Management $15,400. $15,159. $17,238. $15,348. $52.
Driver Pay, Rev. Generating 17.7% $140,941.
Misc. Driver Pay $343. $342. $311. $1,755. $343.
PTO, Holiday and Bonus Pay $1,161. $935. $1,405. $1,900. ($594.) 0.4% $3,660.
Payroll Taxes $1,766. $1,696. $1,899. $3,226. ($134.)
Benefits Expense $1,362. $1,722. $1,771. ($1,864.) 1.3% $10,780.
Worker's Comp Expense $917. ($1,771.)
Recruiting and Retention $1,855. $1,791. $1,748. $884. 2.0% $15,912.
Rent $16,209. $16,149. $1,014. $16,500. $970.
Office Expense $16,507. ($291.) 1.6% $8,685.
Travel Expense $291. $697. $245.
Misc Expenses ($1,090.) $1,339. $384. $133. $46. -- $24,376.
$1,243. ($1,223.)
Total Labor & Related $18. $508. $40. 2.1% $12,538.
$41,299. $44,597. $128. $46,803. ($22.)
DIRECT COSTS $46,791. ($5,504.) 18.6% $150,762.
GROSS MARGIN $94,523. $90,147. $81,838.
GENERAL OVERHEAD ($7,376.) $13,772. $92,690. $4,010. $12,685. 0.3% $2,699.
Total Operating Expense $11,970. $571. ($11,386.)
EBITDA $722. $680. (1.3%) $12,751.
Interest,Tax, Depreciation $95,245. $90,827. $731. $82,409. $151.
($8,098.) $13,092. $93,421. $3,439. $12,836. 0.0% $1,123.
NET INCOME/(LOSS) $11,239. $194. ($11,537.) 47.4% $420,765.
($8,098.) $13,092. 108.5%
-- $3,245. ($194.) (8.5%) $838,264.
$47,632.
$11,239. ($11,343.) 0.8% $7,079.
109.3%
(9.3%) $845,343.
$40,553.
--

(9.3%) $40,553.

MODERN TRANSPORTATION LLC
Southern Region

For the Nine Months Ending Sunday, September 30, 2018

Drivers September Prior Month 12 Mo. Avg. Theo. Spend % of Revenue YTD
95.0 89.0 105.0 Diff From Theo Curr. Mo.
Owner Operators 12.0 11.0 8.2 2156.5
95.0 0.0 141.0
Load Count 2433.0 3084.0 2677.5
12.0 0.0 50648.0
REVENUES
Mainline Revenue 2433.0 0.0
Fuel Surcharge
$1,054,848. $1,281,344. $1,423,029. $987,261. $67,587. 91.9% $13,029,842.
Total Mainline Revenue
$93,578. $124,368. $131,078. $86,335. $7,243. 8.1% $1,221,253.
Wash Revenue $1,148,426. $1,405,712. $1,554,108. $1,073,596. $74,830. 100.0% $14,251,095.
Wash Expense
Net Wash Revenue $3,935. $3,134. $2,730. ($161.) $3,935. 0.3% $33,630.
($161.)
Accessorial Revenue ($2,810.) ($3,786.) ($5,236.) ($2,649.) (0.2%) ($53,206.)
$1,125. ($652.) ($2,507.) $1,286. 0.1% ($19,576.)
Broker Revenue
Broker Expense $11,960. $18,399. $4,055. $11,960. 1.0% $57,335.
Broker Margin
$423,411. $320,424. $388,042. $326,885. $96,526. 36.9% $3,415,546.
Owner Operator Revenue ($268,862.) ($267,041.) ($319,862.) ($258,897.) ($9,964.) (23.4%) ($2,763,595.)
Owner Operator Expense $154,549. $86,562. 13.5%
Owner Operator Margin $53,383. $68,180. $67,987. $651,951.
0.00% 0.00% 0.00%
Other Revenue 0.00% 1.46% 0.00% 0.00%

Total Revenue $212,361. $249,664. $163,480. $148,178. $64,183. 18.5% $1,654,713.
Revenue, Net of OO, Broker, Wash Exp ($190,953.) ($158,924.) ($125,107.) ($114,737.) ($76,216.) (16.6%) ($1,290,425.)
OPERATING EXPENSES ($12,033.)
Equipment $21,408. $90,740. $38,373. $33,441. 1.9% $364,288.
0.00%
Fuel Expense 0.00% 0.00% 1.96% 0.00% 0.00% 0.00%
Tractor Expense
Trailer Expense $1,800,093. $1,997,333. ($333.) $1,548,658. -- -- $19,412,319.
Equipment Maintenance $1,337,469. $1,567,582. $1,174,863. $15,305,093.
Collision Expense $2,112,081. $251,435. 156.7%
Liability Insurance $1,661,876. $162,605. 116.5%
Trucking Technology
Total Equipment Expense $255,103. $310,985. $325,991. $234,741. $20,362. 19.1% $3,071,966.
$251,588. $220,260. $234,950. $196,270. $55,318. 18.8% $2,171,379.
Job Expense
Total Job Expenses $40,597. $38,445. $34,797. $33,734. $6,863. 3.0% $331,826.
$73,792. $123,081. $79,051. $49,861. $23,931. 5.5% $775,547.
Labor Expense $25,783. $16,114. ($6,141.) 0.7% $213,287.
Terminal Management $9,974. $91,468. $31,571. $18,193. $10,484. 2.1% $277,809.
Driver Pay, Rev. Generating $28,677. $31,822. 0.7%
Misc. Driver Pay $12,263. $8,854. $4,448. $4,256. 50.0% $76,722.
PTO, Holiday and Bonus Pay $8,704. $828,324. $740,998. $553,362. $115,073. $6,918,537.
Mechanic Labor $668,435.
Payroll Taxes
Benefits Expense $12,864. $7,249. $8,042. $3,389. $9,475. 1.0% $80,256.
Worker's Comp Expense
Recruiting and Retention $34,231. $38,288. $40,483. $40,589. ($6,358.) 2.6% $346,748.
Rent $259,617. $276,001. $343,938. $243,295. 19.4% $3,139,254.
Office Expense $16,322.
Travel Expense $31,221. $36,674. $16,437. $26,437. 2.3% $187,858.
Misc Expenses $24,754. $39,371. $31,134. $3,500. $31,221. 1.9% $250,284.
0.1%
Total Labor & Related $888. $3,434. $3,458. $26,676. ($1,684.) 2.0% $27,283.
$26,797. $30,041. $35,329. $53,753. 3.1% $322,757.
DIRECT COSTS $41,990. $47,861. $40,514. $24,894. ($2,612.) 1.6% $356,344.
GROSS MARGIN $21,589. $45,419. $30,606. $11,998. 1.1% $288,334.
GENERAL OVERHEAD $15,082. $11,605. $11,387. $121. 0.8% $118,293.
Total Operating Expense $10,205. $9,052. 0.3%
EBITDA $8,735. $9,740. $2,071. ($11,763.) 1.5% $84,080.
Interest,Tax, Depreciation $4,182. $5,148. $3,736. $1,967. 0.2% $34,847.
$20,479. $12,728. $6,329. ($3,305.) 36.9% $76,267.
NET INCOME/(LOSS) $1,476. $753. 87.8% $14,964.
$2,230. $826. $574,786. $447,320. $3,084. 9.0% $5,247,314.
$493,266. $553,577. $1,323,826. $1,004,071. 0.5% $12,246,106.
$1,174,565. $1,389,150. $338,050. ($1,182.) 65.7% $3,058,987.
$6,942. $170,792. 8.6% $61,641.
$162,904. $178,432. $1,330,768. $6,540. $2,111. $12,307,747.
$8,468. $6,164. $331,108. -- $2,997,346.
$1,010,611. $18,512.
$1,183,033. $1,395,314. ($2.) $164,252. 8.6% $2,997,346.
$154,436. $172,268. $1,939. $1,478.
$331,110. $45,945.
$154,436. $172,268. $170,494.

($7,888.)
$1,928.

$172,422.
($9,816.)
($1,939.)

$162,313. ($7,877.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
ANDERSON 46 26.0 Curr. Mo.
Load Count 515.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 6152.0
REVENUES
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 26.0 23.0 25.6

Total Mainline Revenue 374.0 312.0 335.8 374.0 0.0

Wash Expense $339,973. $274,313. $364,398. $330,730. $9,243. 96.4% $3,347,848.
Net Wash Revenue
$12,836. $15,676. $9,679. $12,154. $682. 3.6% $97,897.
Accessorial Revenue $352,809. $289,989. $374,077. $342,884. $9,925. 100.0% $3,445,746.

Broker Revenue ($115.) ($165.) ($93.) ($161.) $46. (0.0%) ($781.)
Broker Expense ($115.) ($165.) ($93.) ($161.) $46. (0.0%) ($781.)
Broker Margin
$1,540. $128. -- -- $1,540.
Owner Operator Revenue
Owner Operator Margin $181,316. $105,295. $166,225. $143,436. $37,881. 51.4% $1,400,082.
($125,394.) ($85,486.) ($137,381.) ($129,250.) $3,856. (35.5%) ($1,148,883.)
Total Revenue $19,809. 15.9%
Revenue, Net of OO, Broker, Wash Exp $55,923. $28,844. $14,186. $41,737. $251,198.
OPERATING EXPENSES 0.00% 0.00%
Equipment 0.00% 1.45% 0.00% 0.00% 0.00%

Fuel Expense $1,107. -- -- -- $1,107. 0.3% $1,107.
Tractor Expense $1,107. -- $1,107. 0.3% $1,107.
Trailer Expense 0.00% 0.00%
Equipment Maintenance 100.00% 0.00% 100.00% 0.00% 100.00%
Collision Expense
Liability Insurance $535,232. $396,825. $540,431. $486,320. $48,913. 151.7% $4,848,475.
Trucking Technology $409,724. $311,174. $402,957. $356,909. $52,815. 116.1% $3,698,811.
Total Equipment Expense
$71,018. $52,308. $66,395. $63,968. $7,050. 17.3% $633,579.
Job Expense $47,287. $52,502. $44,888. $44,760. $2,527. 11.5% $422,417.
Total Job Expenses
$7,233. $7,233. $6,494. $6,675. $558. 1.8% $59,408.
Labor Expense $18,521. $25,212. $17,862. $14,326. $4,195. 4.5% $170,106.
Terminal Management $56,864. ($4,988.) $109,032.
Driver Pay, Rev. Generating $7,667. $9,885. $4,988. $2,035. --
Misc. Driver Pay $1,456. $5,208. $6,925. $5,631. 1.9% $62,887.
PTO, Holiday and Bonus Pay $153,182. $3,636. $1,667. $1,020. $436. 0.4% $16,116.
Payroll Taxes $202,962. $154,116. $141,368. $11,814. 37.4% $1,473,544.
Benefits Expense
Worker's Comp Expense $1,190. $763. $1,147. $658. $531. 0.3% $10,929.
Recruiting and Retention
Rent $7,095. $5,323. $6,487. $10,000. ($2,905.) 1.7% $58,219.
Office Expense $51,331. $77,200. $10,613.
Travel Expense $87,813. $24,958. $81,921. 21.4% $765,306.
Misc Expenses $6,019. $5,135.
$5,135. $6,163. $6,450. $9,100. $781. 1.3% $64,308.
Total Labor & Related $7,781. $15,777.
$6,800. $15,155. $6,371. $7,636. ($1,554.) 1.7% $56,207.
DIRECT COSTS $31,170. $2,296. ($2,029.)
GROSS MARGIN $7,546. $2,793. $8,292. $1,667. 1.8% $79,171.
GENERAL OVERHEAD $1,502. $776.
Total Operating Expense $13,748. $11,736. $280. $2,560. 3.4% $111,179.
EBITDA $556. $167.
Interest,Tax, Depreciation $8,412. $3,043. $10,334. $145. $104. 2.1% $110,867.
$130,285. $297.
NET INCOME/(LOSS) $4,856. $149,775. $2,850. $272,312. $487. 1.2% $30,332.
$84,597. $106.
$1,771. $353,500. $1,635. $1,600. $14,371. 0.4% $14,717.
($42,326.) $273,912. $26,716.
$577. $639. $82,997. $26,099. 0.1% $5,504.
$1,360. $754. ($157.)
$654. $354,860. $699. $26,560. 0.2% $7,101.
($43,686.) $26,255.
$251. $183. ($754.) 0.1% $1,712.
$144,657. $137,597. 35.3% $1,304,623.
$27,010.
$299,028. $292,860. 73.0% $2,789,095.
$110,696. $110,098. 20.7% $909,715.
$12,529.
$1,443. $1,524. 0.3%
$300,471. $294,384. 56.1% $2,801,624.
$109,253. $108,574. 20.4% $897,186.

-- --

$109,253. ($43,686.) $108,574. $82,243. 20.4% $897,186.

Drivers MODERN TRANSPORTATION LLC % of Revenue YTD
NEWNAN 04 Diff From Theo Curr. Mo.
Load Count 463.0
For the Nine Months Ending Sunday, September 30, 2018 10.0 0.0 13530.0
REVENUES
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 10.0 11.0 22.3

Total Mainline Revenue 523.0 573.0 694.3 523.0 0.0

Wash Expense $146,335. $183,090. $251,686. $144,326. $2,009. 86.2% $2,236,546.
Net Wash Revenue
$23,401. $25,796. $50,517. $23,504. ($104.) 13.8% $446,535.
Accessorial Revenue $169,735. $208,885. $302,204. $167,830. $1,905. 100.0% $2,683,081.

Broker Revenue ($261.) ($354.) -- -- ($4,249.)
Broker Expense -- -- ($4,249.)
Broker Margin -- ($261.) ($354.) --

Owner Operator Revenue $2,530. $422. -- -- $5,060.
Owner Operator Expense
Owner Operator Margin -- -- $1,291. -- -- -- $14,909.
0.00% ($1,079.) -- -- ($12,946.)
Other Revenue 0.00% 0.00% -- --
$212. $1,962.
Total Revenue 0.00% 0.00%
Revenue, Net of OO, Broker, Wash Exp 1.37% 0.00%
OPERATING EXPENSES
Equipment -- -- $118. -- -- -- $1,413.
0.00% ($189.) -- -- ($2,263.)
Fuel Expense 0.00% ($71.) 0.00% -- --
Tractor Expense ($850.)
Trailer Expense (5.02%) 0.00% 0.00%
Equipment Maintenance (100.00%)
Collision Expense
Liability Insurance ($333.) -- --
Trucking Technology
Total Equipment Expense $169,735. $211,415. $303,701. $167,830. $1,905. 100.0% $2,704,462.
$169,735. $211,154. $302,079. $167,830. $1,905. 100.0% $2,685,004.
Job Expense
Total Job Expenses $37,962. $44,026. $68,688. $33,500. $4,462. 22.4% $610,073.
$35,100. $35,036. $46,470. $35,170. ($70.) 20.7% $400,846.
Labor Expense
Terminal Management $5,616. $5,616. $7,890. $5,833. ($217.) 3.3% $69,091.
Driver Pay, Rev. Generating $2,574. $11,716. $9,746. $3,285. ($711.) 1.5% $86,699.
Misc. Driver Pay $26,765. $8,501. $2,357. ($1,879.) 0.3% $38,919.
PTO, Holiday and Bonus Pay $478. $5,740. $2,661. $1,015. 2.2% $47,166.
Mechanic Labor $3,677. $3,682. $2,875. $1,231. $1,794. 1.8% $18,982.
Payroll Taxes $3,025. $5,138. $149,910. $84,038. $4,393. 52.1% $1,271,775.
Benefits Expense $88,431. $131,980.
Worker's Comp Expense
Recruiting and Retention $1,934. $1,484. $1,612. $540. $1,394. 1.1% $15,285.
Rent
Office Expense $4,820. $7,724. $9,005. $5,417. ($597.) 2.8% $78,375.
Travel Expense $38,863. $47,784. $40,537.
Misc Expenses $76,055. ($1,674.) 22.9% $671,927.
$969. $1,446. $5,719.
Total Labor & Related $3,170. $18,391. $2,977. $3,500. $969. 0.6% $30,122.
$4,682.
DIRECT COSTS $888. $3,434. $8,057. $12,235. ($2,549.) 1.9% $65,524.
GROSS MARGIN $3,960. $5,483. $4,296.
GENERAL OVERHEAD $7,103. $8,025. $3,458. $2,950. ($2,612.) 0.5% $27,283.
Total Operating Expense $2,391. $3,891. $1,417.
EBITDA $7,992. ($722.) 2.3% $68,604.
Interest,Tax, Depreciation $454. $96. $450.
$685. $890. $5,964. $283. ($5,132.) 4.2% $50,504.
NET INCOME/(LOSS) $520. $405. $178.
($9.) $1,891. $4,950. $81,663. ($1,905.) 1.4% $44,858.
$166,240.
$63,815. $99,459. $2,058. $1,590. ($2,496.) 0.3% $20,637.
$2,000.
$154,179. $232,923. $1,224. $168,240. ($732.) 0.4% $11,026.
$15,556. ($21,768.) ($410.)
$3,718. $728. $392. $70. 0.3% $5,822.
$1,744.
$157,898. $234,666. $2,346. ($292.) (0.0%) $22,688.
$11,837. ($23,512.)
$260. ($178.) -- $2,216.
$11,837. $125,075. ($17,848.) 37.6% $1,099,587.

$276,597. ($12,061.) 90.8% $2,386,648.
$25,482. $13,966. 9.2% $298,356.
$2,102. $1,718. 2.2% $20,258.

$278,699. ($10,342.) 93.0% $2,406,906.
$23,380. $12,248. 7.0% $278,098.
-- ($392.) --

($23,512.) $23,380. ($802.) $12,640. 7.0% $278,098.

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
NORFOLK 53 Curr. Mo.
8.0
For the Nine Months Ending Sunday, September 30, 2018
44.0
September Prior Month 12 Mo. Avg. Theo. Spend

Drivers 8.0 0.0 8.0 0.0

Load Count 44.0 0.0 44.0 0.0

REVENUES $24,709. $2,200. $183. $24,709. 79.4% $26,909.
Mainline Revenue $2,200.
Fuel Surcharge $6,424. -- $6,424. 20.6% $6,424.
$31,133. $183. -- $31,133. 100.0% $33,333.
Total Mainline Revenue

Total Revenue $31,133. $2,200. $183. -- $31,133. 100.0% $33,333.
Revenue, Net of OO, Broker, Wash Exp $31,133. $2,200. $183. -- $31,133. 100.0% $33,333.
OPERATING EXPENSES
Equipment $7,418. $1,872. -- $7,418. 23.8% $7,418.
$8,005. $1,689. -- $8,005. 25.7% $8,005.
Fuel Expense $3,432. $156. $3,432. 11.0% $5,304.
Tractor Expense $4,373. $3,561. $141. $4,373. 14.0% $6,063.
Trailer Expense --
Equipment Maintenance $536. -- $536. 1.7% $536.
Liability Insurance $214. $297. $214. 0.7% $214.
Trucking Technology $23,979. -- $23,979. 77.0% $27,540.
Total Equipment Expense
$612. $7. $1. $612. 2.0% $625.
Job Expense
Total Job Expenses $7,369. $1,712. $143. $7,369. 23.7% $9,082.
-- $18,240.
Labor Expense $18,240. $1,773. -- 58.6% $18,240.
Driver Pay, Rev. Generating -- $179.
Misc. Driver Pay $179. $1,239. -- $1,690. 0.6% $179.
PTO, Holiday and Bonus Pay $2,639.
Payroll Taxes $1,690. $148. $899. 5.4% $1,690.
Worker's Comp Expense $7,363. -- $4,611.
Recruiting and Retention $899. $1,400. 2.9% $899.
Rent $10,931. $103. $1,460.
Office Expense $4,611. ($8,731.) $505. $13,570. 14.8% $6,383.
Travel Expense $10,931.
Misc Expenses $1,400. ($8,731.) -- $228. 4.5% $1,400.
$899. -- $49,646.
Total Labor & Related $1,460. $1,197. -- $74,236. 4.7% $2,699.
($1,014.) -- ($43,103.)
DIRECT COSTS $13,570. $1,197. -- $74,236. 43.6% $19,635.
GROSS MARGIN ($1,014.) -- ($43,103.)
Total Operating Expense $228. 0.7% $228.
EBITDA $49,646. ($1,014.) -- ($43,103.) 159.5% $60,435.

NET INCOME/(LOSS) $74,236. 238.4% $88,601.
($43,103.) (138.4%) ($55,267.)

$74,236. 238.4% $88,601.
($43,103.) (138.4%) ($55,267.)

($43,103.) ($8,731.) (138.4%) ($55,267.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
SANFORD INCLUDING LNG 03+35 33.0 Curr. Mo.
Load Count For the Nine Months Ending Sunday, September 30, 2018 699.5
0.0
REVENUES September Prior Month 12 Mo. Avg. Theo. Spend 24349.0
Mainline Revenue 33.0 34.0 35.3
Fuel Surcharge
1172.0 1743.0 1299.3 1172.0 0.0
Total Mainline Revenue
$326,089. $470,641. $456,922. $312,542. $13,547. 87.1% $4,134,775.
Wash Expense
Net Wash Revenue $48,312. $77,431. $62,387. $48,082. $230. 12.9% $591,016.
$374,401. $548,072. $519,309. $360,623. $13,777. 100.0% $4,725,791.
Accessorial Revenue
($175.) ($150.) ($369.) ($175.) (0.0%) ($1,721.)
Broker Revenue ($175.) ($150.) ($369.)
Broker Expense -- ($175.) (0.0%) ($1,721.)
Broker Margin
$945. $976. $810. $945. 0.3% $9,242.
Owner Operator Expense
Owner Operator Margin $84,716. $120,459. $129,166. $93,105. ($8,389.) 22.6% $1,054,453.
($62,243.) ($91,734.) ($103,529.) ($62,535.) $292. (16.6%) ($838,504.)
Total Revenue $22,473. $28,725. $30,570. $215,948.
Revenue, Net of OO, Broker, Wash Exp $25,637. ($8,097.) 6.0%
OPERATING EXPENSES 0.00% 0.00% 0.00% 0.00%
Equipment 1.65% 0.00% 0.00%

Fuel Expense ($38.) -- -- ($455.)
Tractor Expense
Trailer Expense -- -- ($38.) -- -- -- ($455.)
Equipment Maintenance
Collision Expense $460,062. $669,507. $649,285. $453,728. $6,334. 122.9% $5,789,486.
Liability Insurance $397,645. $577,624. $545,348. $391,194. $6,451. 106.2% $4,948,805.
Trucking Technology
Total Equipment Expense $84,855. $122,567. $107,641. $82,004. $2,851. 21.3% $1,013,488.
$65,928. $63,565. $73,157. $60,926. $5,002. 16.6% $664,864.
Job Expense $8,418. $8,325. $77,322.
Total Job Expenses $8,418. $31,633. $26,742. $8,333. $85. 2.1% $247,764.
$17,181. $5,344. $3,365. $14,264. $2,917. 4.3% $28,397.
Labor Expense $9,871. $9,304. ($3,608.) 0.4% $79,360.
Terminal Management $1,692. $1,649. $2,131. $5,299. $1,640. 1.9% $20,462.
Driver Pay, Rev. Generating $7,623. $5,983. 0.5%
Misc. Driver Pay $1,801. $243,045. $230,665. $1,275. $526. 47.2% $2,131,657.
PTO, Holiday and Bonus Pay $187,497. $178,085. $9,413.
Payroll Taxes
Benefits Expense $2,408. $3,002. $3,436. $933. $1,475. 0.6% $34,517.
Worker's Comp Expense
Recruiting and Retention $12,357. $14,349. $13,857. $15,000. ($2,643.) 3.1% $120,577.
Rent $72,225.
Office Expense $74,733. $100,191. $103,471. $2,508. 18.8% $932,319.
Travel Expense $8,155.
Misc Expenses $4,009. $4,310. $3,308. $8,439. $4,009. 1.0% $35,900.
$16,130.
Total Labor & Related $10,105. $9,408. $10,589. $7,648. $1,950. 2.5% $79,477.
$4,272.
DIRECT COSTS $8,321. $9,619. $10,569. $2,125. ($118.) 2.1% $95,892.
GROSS MARGIN
GENERAL OVERHEAD $12,717. $14,394. $14,003. $697. ($3,413.) 3.2% $117,393.
Total Operating Expense $417.
EBITDA $5,480. $5,674. $9,337. $220. ($2,168.) 1.4% $74,909.
Interest,Tax, Depreciation $135,328.
$2,628. $2,017. $2,648. $314,346. ($1,644.) 0.7% $24,312.
NET INCOME/(LOSS) $76,848.
$2,072. $2,072. $2,250. $905. ($53.) 0.5% $18,789.
$315,251.
$940. $1,775. $1,290. $75,943. $243. 0.2% $11,976.
$793.
$711. $166. $795. $294. 0.2% $5,716.

$235. $274. $275. $15. 0.1% $2,251.
$134,308. $164,250. $172,392. ($1,020.) 33.8% $1,519,511.

$324,214. $410,297. $406,493. $9,868. 81.5% $3,685,685.
$73,431. $167,326. $138,855. ($3,417.) 16.0% $1,263,120.
$1,811.
$1,700. $1,653. $906. 0.4% $16,217.
$326,025. $411,997. $408,146. $10,774. 70.9% $3,701,902.
$71,620. $165,626. $137,203. ($4,323.) 15.6% $1,246,904.

($2.) ($793.) --

$71,620. $165,626. $137,205. $75,150. ($3,530.) 15.6% $1,246,904.

Drivers MODERN TRANSPORTATION LLC % of Revenue YTD
SAVANNAH 19 Diff From Theo Curr. Mo.
Owner Operators 471.0
For the Nine Months Ending Sunday, September 30, 2018 18.0 0.0 141.0
Load Count 6573.0
September Prior Month 12 Mo. Avg. Theo. Spend
REVENUES 18.0 21.0 21.8
Mainline Revenue
Fuel Surcharge 12.0 11.0 8.2 12.0 0.0

Total Mainline Revenue 320.0 456.0 348.3 320.0 0.0

Wash Revenue $217,742. $351,100. $349,840. $199,663. $18,079. 98.8% $3,283,765.
Wash Expense
Net Wash Revenue $2,606. $5,465. $8,495. $2,595. $10. 1.2% $79,379.
$220,348. $356,565. $358,335. $202,258. $18,090. 100.0% $3,363,144.
Accessorial Revenue
$3,935. $3,134. $2,730. $3,935. 1.8% $33,630.
Broker Revenue ($2,520.) (1.1%) ($46,454.)
Broker Expense ($2,520.) ($3,210.) ($4,421.) -- $1,415. 0.6% ($12,824.)
Broker Margin $1,415. ($76.) ($1,691.)
$11,015. 5.0% $41,493.
Owner Operator Revenue $11,015. $13,353. $2,695.
Owner Operator Expense
Owner Operator Margin $157,379. $94,670. $91,359. $90,344. $67,035. 71.4% $946,103.
($81,225.) ($89,822.) ($77,872.) ($67,113.) ($14,113.) (36.9%) ($763,262.)
Total Revenue $76,153. $13,487. $23,231. $52,922. 34.6% $182,842.
Revenue, Net of OO, Broker, Wash Exp $4,848.
OPERATING EXPENSES 0.00% 1.23% 0.00% 0.00% 0.00% 0.00%
Equipment 0.00%

Fuel Expense $211,254. $249,664. $163,362. $148,178. $63,076. 95.9% $1,652,193.
Tractor Expense ($190,953.) ($158,924.) ($124,880.) ($114,737.) ($76,216.) (86.7%) ($1,287,707.)
Trailer Expense ($13,140.)
Equipment Maintenance $20,301. $90,740. $38,482. $33,441. 9.2% $364,486.
Collision Expense 0.00%
Liability Insurance 0.00% 0.00% 1.96% 0.00% 0.00% 0.00%
Trucking Technology
Total Equipment Expense $603,930. $717,385. $618,481. $440,780. $163,150. 274.1% $6,036,563.
$329,231. $465,430. $411,308. $258,930. $70,301. 149.4% $3,939,140.
Job Expense
Total Job Expenses $53,850. $92,085. $83,267. $55,270. ($1,420.) 16.4% $807,408.
$95,269. $69,157. $70,436. $55,414. $39,854. 28.9% $675,247.
Labor Expense $15,898. $15,306. $11,933. $12,892. $120,701.
Terminal Management $31,143. $52,831. $24,560. $17,987. $3,006. 4.8% $264,916.
Driver Pay, Rev. Generating $13,156. 9.5%
Misc. Driver Pay $7,804. $2,496. $4,033. $3,470. 2.4% $36,939.
PTO, Holiday and Bonus Pay $9,175. $13,061. $9,602. $3,918. $4,334. 2.8% $87,861.
Payroll Taxes $2,208. $2,181. $5,257. 0.7% $20,948.
Benefits Expense $215,346. $1,840. $206,011. $923. $1,286. 65.4% $2,014,020.
Worker's Comp Expense $246,776. $149,872. $65,474.
Recruiting and Retention
Rent $6,720. $1,992. $1,846. $1,257. $5,463. 2.0% $18,899.
Office Expense
Travel Expense $9,959. $10,893. $11,133. $10,173. ($214.) 3.0% $89,577.
Misc Expenses $53,333. ($2,494.)
$50,838. $74,983. $82,348. 15.4% $760,621.
Total Labor & Related $6,544. $2,868.
$2,868. $5,960. $3,701. $4,455. ($2,045.) 0.9% $39,287.
DIRECT COSTS $9,612.
GROSS MARGIN $4,499. $5,408. $6,117. $5,314. $826. 1.4% $48,897.
GENERAL OVERHEAD $2,480. ($1,189.)
Total Operating Expense $5,281. $7,158. $8,476. $6,179. 1.6% $77,400.
EBITDA ($906.)
$8,423. $10,287. $8,811. $645. $53. 2.6% $77,268.
NET INCOME/(LOSS) $1,100.
$4,408. $4,685. $5,985. ($1,901.) 1.3% $56,802.
$210. $40.
$2,534. $2,373. $3,901. $100,044. 0.8% $36,629.
$4,453.
$4,277. $4,271. $4,632. $251,173. $1,306. 1.3% $38,149.
$7,757.
$685. $1,172. $976. $2,035. $796. 0.2% $8,844.

$5,553. $4,989. $1,984. $253,208. $71,734. 1.7% $21,126.
$5,722. ($1,433.)
$1,516. $553. $759. 0.5% $8,557.
$100,840. $132,730. $138,822. ($539.) 30.6% $1,263,158.
$71,194.
$322,907. $381,498. $346,679. 98.1% $3,296,077.
$6,324. $83,931. $64,629. ($893.) 1.0% $643,063.
$1,496. $1,360. $1,663. 0.2% $12,637.
($893.)
$324,403. $382,858. $348,342. 53.7% $3,308,714.
$4,829. $82,571. $62,965. 0.8% $630,426.

$4,829. $82,571. $62,965. $5,722. 0.8% $630,426.

MODERN TRANSPORTATION LLC
Western Region

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend % of Revenue YTD
106.0 109.0 118.0 Diff From Theo Curr. Mo.
1.0 1.0 0.8 2468.0
Drivers 106.0 0.0 10.0
2582.0 2690.0 2587.5
Owner Operators 1.0 0.0 50442.0

Load Count 2582.0 0.0

REVENUES $1,339,292. $1,411,819. $1,512,588. $1,335,693. $3,599. 83.6% $13,388,291.
Mainline Revenue
Fuel Surcharge $263,358. $275,250. $245,936. $237,148. $26,210. 16.4% $2,372,133.
$1,602,651. $1,687,068. $1,758,524. $1,572,841. $29,809. 100.0% $15,760,424.
Total Mainline Revenue
$600. $1,600. $233. $600. 0.0% $3,400.
Wash Revenue
Wash Expense ($2,301.) ($1,185.) ($1,708.) ($2,301.) (0.1%) ($14,008.)
Net Wash Revenue ($1,701.) $415. ($1,474.) -- ($1,701.) (0.1%) ($10,608.)

Accessorial Revenue $14,718. $22,563. $2,552. $14,718. 0.9% $44,327.

Broker Revenue $874. $575. $4,801. -- $874. 0.1% $12,315.
Broker Expense ($37,817.) ($21,830.) ($7,364.) ($37,817.) (2.4%) ($82,257.)
Broker Margin ($36,943.) ($21,255.) ($2,563.) 0.00% ($36,943.) (2.3%) ($69,941.)

Owner Operator Revenue (4200.00%) (3700.00%) (4.45%) (4200.00%) (0.00%) (600.00%)
Owner Operator Expense
Owner Operator Margin $25,724. ($449.) $8,372. $26,019. ($294.) 1.6% $41,389.
($19,724.) ($449.) ($6,301.) ($19,851.) $127. (1.2%) ($31,085.)
Total Revenue $2,071. 0.4% $10,304.
Revenue, Net of OO, Broker, Wash Exp $6,001. 0.00% $6,168. ($167.)
OPERATING EXPENSES 2.06% 0.00% 0.00%
Equipment 0.00% 0.00% 0.00%

Fuel Expense $1,644,567. $1,711,806. $1,774,482. $1,598,860. $45,707. 102.6% $15,861,854.
Tractor Expense $1,584,724. $1,688,342. $1,759,109. $1,579,009. $5,715. 98.9% $15,734,505.
Trailer Expense
Equipment Maintenance $325,577. $327,545. $352,225. $296,075. $29,501. 20.5% $3,167,906.
Collision Expense $195,906. $211,066. $217,800. $193,343. $2,563. 12.4% $1,929,039.
Liability Insurance
Trucking Technology $56,583. $31,194. $53,622. $59,560. ($2,977.) 3.6% $471,792.
Total Equipment Expense $147,201. $106,921. $106,817. $65,037. $82,165. 9.3% $1,065,303.
$17,257. ($8,560.) 0.5%
Job Expense $8,697. $20,123. $22,183. $20,229. $10,276. 1.9% $174,784.
Total Job Expenses $30,504. $27,386. $28,756. 0.4% $249,250.
$14,029. $5,397. $771. 48.6%
Labor Expense $6,168. $738,265. $9,536. $656,898. $113,738. $86,040.
Terminal Management $770,636. $790,938. $7,144,114.
Driver Pay, Rev. Generating
Misc. Driver Pay $17,072. $10,888. $15,068. $3,846. $13,226. 1.1% $121,235.
PTO, Holiday and Bonus Pay
Mechanic Labor $42,024. $40,784. $35,451. $42,868. ($844.) 2.7% $335,774.
Payroll Taxes $376,313. $380,133. $409,110. $373,063. 23.7% $3,633,652.
Benefits Expense $3,251.
Worker's Comp Expense $36,958. $41,448. $53,750. $31,307. 2.3% $457,752.
Recruiting and Retention $35,233. $42,837. $36,044. $36,958. 2.2% $320,737.
Rent $38,709. 0.0%
Office Expense $629. $560. $85. $66,483. $3,926. 2.6% $1,645.
Travel Expense $41,223. $39,868. $47,768. $36,095. 3.9% $427,305.
Misc Expenses $62,448. $66,553. $60,527. $14,313. $629. 1.6% $513,873.
$24,861. $24,987. $39,697. $10,284. 1.0% $369,633.
Total Labor & Related $15,257. $21,288. $17,148. $2,514. 0.6% $169,321.
$10,548. $10,028. $1,477. 0.3%
DIRECT COSTS $9,719. $6,467. ($4,035.) 3.9% $94,385.
GROSS MARGIN $4,353. $4,352. $4,702. 0.0% $37,329.
GENERAL OVERHEAD $62,349. $27,692. $27,771. $851. ($11,234.) 44.9% $222,185.
Total Operating Expense $621,915. 94.6% $12,003.
EBITDA $521. $965. $1,714. $1,282,660. $944. 5.2% $6,595,594.
Interest,Tax, Depreciation $711,887. $702,015. $743,795. 0.6% $13,860,943.
$1,499,595. $1,451,167. $1,549,801. $296,350. ($564.) 91.8% $1,873,562.
NET INCOME/(LOSS) $8,619. 4.6% $137,285.
$85,129. $237,175. $209,309. $2,876. $13,998,228.
$9,844. $9,412. $13,831. $1,291,279. -- $1,736,277.
$287,731. $55,882.
$1,509,439. $1,460,579. $1,563,631. $3,416. 4.6% $1,736,277.
$75,285. $227,763. $195,478. ($330.)
-- $89,972.
$75,285. $227,763. $216,935.
$195,478. ($211,220.)

$1,225.
$218,160.
($212,445.)
($3,416.)

$284,315. ($209,029.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
PROVO 23 19.0 Curr. Mo.
Owner Operators 416.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 10.0
Load Count
September Prior Month 12 Mo. Avg. Theo. Spend 3491.0
REVENUES 19.0 19.0 20.1
Mainline Revenue
Fuel Surcharge 1.0 1.0 0.8 1.0 0.0

Total Mainline Revenue 257.0 170.0 182.2 257.0 0.0

Wash Expense $295,689. $219,672. $276,428. $303,615. ($7,927.) 93.6% $2,540,090.
Net Wash Revenue
$20,139. $15,263. $16,164. $21,581. ($1,442.) 6.4% $157,069.
Accessorial Revenue $315,828. $234,936. $292,592. $325,197. ($9,369.) 100.0% $2,697,159.

Broker Revenue -- -- ($80.) -- -- --
Broker Expense $8,203. $6,099. ($80.) -- -- -- $16,667.
Broker Margin
$705. $8,203. 2.6%
Owner Operator Revenue
Owner Operator Expense $692. $141. $2,035. -- $692. 0.2% $9,511.
Owner Operator Margin ($1,369.) -- -- ($4,527.)
$692. $141. 0.00% $4,985.
Total Revenue 100.00% $666. $692. 0.2%
Revenue, Net of OO, Broker, Wash Exp 100.00% 100.00%
OPERATING EXPENSES 2.73% 100.00% 0.00%
Equipment
$25,724. -- $8,331. $26,019. ($294.) 8.1% $40,892.
Fuel Expense ($18,893.) ($6,247.) ($19,851.) $958. (6.0%) ($29,606.)
Tractor Expense 0.00% $2,084. $663. 2.2% $11,286.
Trailer Expense $6,831. $6,168.
Equipment Maintenance 2.08% 0.00% 0.00% 0.00%
Collision Expense 0.00% 0.00%
Liability Insurance
Trucking Technology $350,447. $241,176. $303,664. $351,215. ($768.) 111.0% $2,764,230.
Total Equipment Expense $331,554. $241,176. $295,967. $331,364. $189. 105.0% $2,730,097.

Job Expense $105,086. $84,019. $92,169. $96,437. $8,649. 31.7% $859,317.
Total Job Expenses $34,986. $37,320. $37,641. $39,155. ($4,170.) 10.6% $337,369.
$21,898. ($2,755.) $18,504. $22,500. $162,200.
Labor Expense $28,303. $16,777. $20,056. $14,667. ($602.) 6.6% $201,717.
Terminal Management $4,294. $13,635. 8.5%
Driver Pay, Rev. Generating $7,526. $4,351. $4,390. $3,991. 1.3% $14,498.
Misc. Driver Pay $1,037. $993. $5,481. $4,506. $303. 2.3% $49,469.
PTO, Holiday and Bonus Pay $1,154. $3,019. 0.3% $10,748.
Payroll Taxes $203,129. $140,706. $179,394. $840. 61.3% $1,635,318.
Benefits Expense $182,097. $197.
Worker's Comp Expense $21,032.
Recruiting and Retention
Rent $5,325. $469. $3,216. $829. $4,496. 1.6% $36,455.
Office Expense
Travel Expense $9,441. $9,611. $8,990. $10,000. ($559.) 2.8% $87,317.
Misc Expenses $70,283. $5,604.
$75,887. $46,077. $63,493. $4,569. 22.9% $587,190.
Total Labor & Related $5,259. ($812.)
$4,569. $6,280. $5,718. $7,518. 1.4% $54,143.
DIRECT COSTS $14,251. $499.
GROSS MARGIN $4,447. $10,153. $5,076. $6,906. ($4,491.) 1.3% $49,219.
GENERAL OVERHEAD $2,403. ($3,489.)
Total Operating Expense $8,016. $5,757. $7,378. $4,750. 2.4% $69,839.
EBITDA $4,913.
Interest,Tax, Depreciation $9,760. $10,344. $8,174. $287. ($388.) 2.9% $75,396.
$1,667.
NET INCOME/(LOSS) $3,417. $3,164. $3,174. $158. 1.0% $30,402.
$115. $304.
$7,316. $5,662. $4,473. $123,438. ($23.) 2.2% $47,751.
$6,285.
$4,362. $5,021. $4,543. $306,364. $31,813. 1.3% $44,591.
$25,000. ($31,624.)
$445. $501. $1,168. $2,400. ($1,343.) 0.1% $6,803.
$30,469.
$1,971. $4,855. $5,966. $308,764. ($30,280.) 0.6% $44,672.
$22,600. ($885.)
$92. $259. $482. $885. 0.0% $3,770.
$129,723. $107,684. $118,635. ($29,395.) 39.1% $1,101,094.
102.0%
$338,177. $248,859. $301,245. (1.9%) $2,772,867.
($6,624.) ($7,683.) ($5,278.) ($42,770.)
0.3% $9,104.
$1,057. $980. $1,507. 96.8%
$339,234. $249,839. $302,752. (2.2%) $2,781,971.
($7,680.) ($8,663.) ($6,785.) ($51,874.)
--
--

($7,680.) ($8,663.) ($6,785.) $21,715. (2.2%) ($51,874.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
Load Count ROCKY MOUNTAIN & DENVER 32+40 14.0 Curr. Mo.
For the Nine Months Ending Sunday, September 30, 2018 373.5
REVENUES 0.0 10809.0
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 14.0 15.0 18.6

Total Mainline Revenue 678.0 728.0 563.3 678.0 0.0

Wash Expense $245,252. $252,836. $204,860. $242,091. $3,161. 75.2% $1,978,117.
Net Wash Revenue
$80,830. $54,130. $36,427. $50,692. $30,138. 24.8% $428,234.
Accessorial Revenue $326,081. $306,966. $241,287. $292,783. $33,299. 100.0% $2,406,350.

Broker Revenue ($464.) -- -- ($2,482.)
Broker Expense
Broker Margin -- -- ($464.) -- -- -- ($2,482.)

$1,337. $111. -- -- $1,337.

-- -- $2. -- -- -- $27.
0.00% ($108.) -- -- ($1,301.)
0.00% ($106.) 0.00% -- -- ($1,274.)

(389.53%) 0.00% 0.00% (4700.00%)

Total Revenue $326,081. $308,303. $241,400. $292,783. $33,299. 100.0% $2,407,714.
Revenue, Net of OO, Broker, Wash Exp $326,081. $308,303. $240,828. $292,783. $33,299. 100.0% $2,403,931.
OPERATING EXPENSES
Equipment $42,240. $40,471. $33,788. $32,198. $10,042. 13.0% $325,686.
$30,170. $25,561. $29,096. $27,721. $2,448. 9.3% $262,843.
Fuel Expense $1,397. 2.6%
Tractor Expense $8,583. $8,485. $7,691. $7,186. $70,859.
Trailer Expense $38,270. $21,435. $16,230. $9,705. $28,565. 11.7% $195,468.
Equipment Maintenance $2,585. ($2,585.) --
Collision Expense $6,343. $2,475. $1,532. $2,919. $14,725.
Liability Insurance $1,122. $5,408. $4,455. $3,424. 1.9% $42,002.
Trucking Technology $126,728. $4,083. $1,593. $765. $357. 0.3% $15,768.
Total Equipment Expense $107,917. $94,387. $83,079. 38.9% $927,352.
$43,648.
Job Expense
Total Job Expenses $3,149. $2,808. $2,103. $708. $2,441. 1.0% $18,909.

Labor Expense $5,378. $5,749. $5,160. $5,417. ($39.) 1.6% $49,303.
Terminal Management $75,069. $89,919. $81,985. ($6,916.) $640,215.
Driver Pay, Rev. Generating $64,991. 23.0%
Misc. Driver Pay $7,549. $6,382. $5,140. $7,549. $51,543.
PTO, Holiday and Bonus Pay $4,756. $5,329. $5,724. $7,191. ($384.) 2.3% $44,637.
Payroll Taxes $6,582. $6,932. $7,604. ($609.) $64,313.
Benefits Expense $5,135. $5,483. $4,809. $7,296. ($2,469.) 1.5% $42,798.
Worker's Comp Expense $3,403. $3,688. $1,715. ($3,894.) $150,165.
Recruiting and Retention $3,590. $4,576. $6,957. $1,875. 2.0% $39,199.
Rent $42.
Office Expense $389. $558. $4,510. $245. ($42.) 1.6% $4,205.
Travel Expense $40,023. $16,669. $3,750. $144. $116,436.
Misc Expenses $15,093. $36,273. 1.0%
$21. $334. $98. ($76.) $2,163.
Total Labor & Related $151,895. $145,619. $4,633. $120,482. $31,412. 1.1% $1,204,978.
$77,501.
DIRECT COSTS $281,771. $256,344. -- $204,270. ($44,203.) -- $2,151,238.
GROSS MARGIN $44,310. $51,959. $88,513. ($589.) $252,693.
GENERAL OVERHEAD $2,013. $1,960. $487. $2,602. $76,913. 0.1% $18,306.
Total Operating Expense ($43,614.)
EBITDA $283,784. $258,304. $15,602. $206,872. ($566.) 12.3% $2,169,544.
Interest,Tax, Depreciation $42,297. $49,999. $85,911. $234,387.
$410. $566. ($43,047.) 0.0%
NET INCOME/(LOSS) $128,376. 46.6%

$224,866. 86.4%
$15,962. 13.6%
$2,279.
0.6%
$227,144. 87.0%
$13,683. 13.0%
--
--

$42,297. $49,999. $13,683. $85,344. 13.0% $234,387.

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
WACO 42 13.0 Curr. Mo.
Load Count 188.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 5610.0
REVENUES
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 13.0 15.0 11.6

Total Mainline Revenue 484.0 546.0 330.3 484.0 0.0

$167,156. $195,017. $138,053. $163,627. $3,529. 74.1% $1,420,274.

$58,505. $68,256. $42,352. $58,960. ($456.) 25.9% $471,442.
$225,661. $263,273. $180,405. $222,587. $3,074. 100.0% $1,891,715.

Owner Operator Revenue -- -- $41. -- -- -- $496.
Owner Operator Margin 0.00% $41. -- -- $496.
0.00% 0.00%
Total Revenue 8.33% 0.00% 0.00% 100.00%
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES $225,661. $263,273. $180,446. $222,587. $3,074. 100.0% $1,892,212.
Equipment $225,661. $263,273. $180,446. $222,587. $3,074. 100.0% $1,892,212.

Fuel Expense $28,846. $30,384. $22,273. $30,799. ($1,953.) 12.8% $236,881.
Tractor Expense $21,476. $28,568. $16,396. $23,076. ($1,600.) 9.5% $170,329.
Trailer Expense 1.4%
Equipment Maintenance $3,120. $2,808. $1,794. $2,869. $251. 4.4% $19,656.
Collision Expense $10,025. $16,899. $6,206. $4,661. $5,364. 1.6% $77,218.
Liability Insurance $1,402. $2,223. $1,331. 2.2% $20,373.
Trucking Technology $3,554. $6,553. $3,087. $3,388. $1,515. 0.2% $32,960.
Total Equipment Expense $4,903. $4,982.
$662. $340. $11. 32.0% $6,307.
Job Expense $351. $706. $51,820. $67,355. $4,920. $563,724.
Total Job Expenses $72,274. $90,899.

Labor Expense $1,010. $644. $600. $196. $815. 0.4% $5,229.
Terminal Management
Driver Pay, Rev. Generating $7,936. $6,156. $1,738. $5,386. $2,551. 3.5% $27,292.
Misc. Driver Pay $44,670. $37,964. $31,224. $41,737. $2,933. 19.8% $326,536.
PTO, Holiday and Bonus Pay $7,839.
Payroll Taxes $7,839. $7,473. $7,105. $2,723. ($1,626.) 3.5% $69,452.
Benefits Expense $1,097. $5,143. $2,765. $4,862. $1,677. 0.5% $25,543.
Worker's Comp Expense $6,538. $6,272. $4,206. $4,148. $1,917. 2.9% $46,036.
Recruiting and Retention $6,065. $4,886. $3,938. $4,158. ($1,374.) 2.7% $38,925.
Office Expense $2,784. $2,561. $4,215. $1,001. ($1,580.) 1.2% $42,224.
Travel Expense ($579.) $5,649. $2,822. (0.3%) $31,060.
Misc Expenses $1,132. $1,525. $160. $972. 0.5%
$3,151. $320. $150. $837. 0.4% $4,357.
Total Labor & Related $987. $573. ($55.) $6,149.
$35. $55. $14,090. --
DIRECT COSTS $78,470. $80,814. $44. $64,379. $19,825. 34.8% $366.
GROSS MARGIN $172,358. $58,951. $131,930. ($16,751.) $617,941.
GENERAL OVERHEAD $151,754. $111,372. $2,039. 67.2% $1,186,894.
Total Operating Expense $73,906. $90,915. $90,657. $21,863. 32.8%
EBITDA $2,039. $1,983. $69,074. ($18,789.) $705,318.
Interest,Tax, Depreciation $1,747. $131,930. ($420.) 0.9% $22,707.
$153,793. $174,341. $90,657. 68.2%
NET INCOME/(LOSS) $71,868. $88,932. $113,119. $420. ($18,370.) 31.8% $1,209,600.
$67,327. $682,611.
$71,868. $88,932. -- $90,238. --
$682,611.
$67,327. 31.8%

Drivers MODERN TRANSPORTATION LLC % of Revenue YTD
WAXI and SHUTTLE 07+52 Diff From Theo Curr. Mo.
Load Count 510.0
For the Nine Months Ending Sunday, September 30, 2018 17.0 0.0 10335.0
REVENUES
Mainline Revenue September Prior Month 12 Mo. Avg. Theo. Spend
Fuel Surcharge 17.0 18.0 23.7

Total Mainline Revenue 332.0 393.0 514.7 332.0 0.0

Accessorial Revenue $239,982. $237,712. $322,786. $253,703. ($13,721.) 97.2% $2,783,996.

Broker Revenue $6,937. $6,335. $22,049. $8,310. ($1,373.) 2.8% $175,829.
Broker Margin $246,919. $244,047. $344,835. $262,012. ($15,094.) 100.0% $2,959,825.

Owner Operator Expense $5,534. $13,903. $1,402. $5,534. 2.2% $22,361.
Owner Operator Margin
$182. $434. $214. -- $182. 0.1% $2,527.
Total Revenue $182. $434. $214. $182. 0.1% $2,527.
Revenue, Net of OO, Broker, Wash Exp 8.33% 0.00% 100.00% 0.00%
OPERATING EXPENSES 100.00% 100.00% 100.00%
Equipment ($54.) -- ($831.) (0.3%)
($831.) ($449.) ($54.) ($831.) (0.3%) ($1,479.)
Fuel Expense ($831.) ($449.) ($1,479.)
Tractor Expense
Trailer Expense $252,635. $258,383. $346,451. $262,012. ($9,378.) 102.3% $2,984,713.
Equipment Maintenance $251,804. $257,934. $346,397. $262,012. ($10,209.) 102.0% $2,983,234.
Collision Expense
Liability Insurance $31,620. $30,958. $52,479. $35,919. ($4,299.) 12.6% $433,019.
Trucking Technology $38,338. $35,387. $43,823. $33,018. $5,320. 15.2% $382,073.
Total Equipment Expense $10,239. $11,387. $11,930.
$9,615. $13,232. $16,641. $12,193. ($2,315.) 3.8% $99,195.
Job Expense $33,938. ($1,393.) $21,745. 13.5% $163,791.
Total Job Expenses $5,891. $1,389. ($1,389.)
$2,211. $2,060. $3,983. $1,494. -- $35,769.
Labor Expense $1,515. $6,033. $2,308. $1,390. $717. 0.9% $30,247.
Terminal Management $117,236. $96,516. $136,512. $97,332. $125. 0.6% $21,758.
Driver Pay, Rev. Generating $19,904. 46.6% $1,165,852.
Misc. Driver Pay
PTO, Holiday and Bonus Pay $853. $658. $1,294. $613. $241. 0.3% $9,112.
Payroll Taxes
Benefits Expense $4,780. $5,110. $5,250. $6,652. ($1,871.) 1.9% $44,539.
Worker's Comp Expense $66,226. $72,447. ($5,474.)
Recruiting and Retention $66,973. $10,199. $95,107. 26.6% $789,630.
Rent $6,199. $4,480.
Office Expense $4,480. $4,681. $8,699. $7,528. $3,241. 1.8% $71,528.
Travel Expense $6,590. $13,064. ($1,008.)
Misc Expenses $9,439. $11,707. $7,553. $6,945. ($2,171.) 3.7% $62,395.
$3,730. $3,471. ($2,783.)
Total Labor & Related $6,521. $10,472. $1,164. ($2,617.) 2.6% $87,740.
$574.
DIRECT COSTS $10,893. $1,340. $11,273. $325. $176. 4.3% $95,321.
GROSS MARGIN $133. $134.
GENERAL OVERHEAD $4,162. $375. $5,226. $276. ($267.) 1.7% $42,744.
Total Operating Expense $186. $118,204. ($46.)
EBITDA $854. $1,281. $216,149. ($8,206.) 0.3% $13,226.
Interest,Tax, Depreciation $110,718. $45,864. $11,939.
$1,340. $1,207. $1,015. ($22,147.) 0.5% $11,287.
NET INCOME/(LOSS) $207,891. $217,164. ($481.)
$459. $50,043. $735. $44,849. $11,458. 0.2% $6,177.
$515. $431. ($21,667.)
($134.) $310. ($431.) (0.1%) $1,986.
$208,406.
$230. $49,528. $162. ($21,236.) 0.1% $1,206.
$109,998. $147,276. 43.7% $1,227,779.

$228,087. $285,083. 90.6% $2,402,743.
$23,717. $61,314. 9.4% $580,491.
$534. $2,408. 0.2% $24,705.

$228,622. $287,491. 90.5% $2,427,448.
$23,182. $58,906. 9.2% $555,785.
-- --

$23,182. $49,528. $58,906. $44,418. 9.2% $555,785.

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
WEATHERFORD 15 Curr. Mo.
816.5
For the Nine Months Ending Sunday, September 30, 2018 16780.0

September Prior Month 12 Mo. Avg. Theo. Spend $3,952,448.
$982,492.
Drivers 36.0 35.0 36.4 36.0 0.0
$4,934,940.
Load Count 665.0 853.0 835.2 665.0 0.0

REVENUES $328,823. $420,643. $483,814. $310,036. $18,787. 79.8%
Mainline Revenue
Fuel Surcharge $83,457. $110,939. $110,912. $81,941. $1,516. 20.2%
$412,280. $531,582. $594,726. $391,977. $20,303. 100.0%
Total Mainline Revenue
$600. $1,600. $233. $600. 0.1% $3,400.
Wash Revenue
Wash Expense ($2,301.) ($1,185.) ($1,138.) ($2,301.) (0.6%) ($11,274.)
Net Wash Revenue ($1,701.) $415. ($904.) -- ($1,701.) (0.4%) ($7,874.)

Accessorial Revenue $981. $1,224. $333. $981. 0.2% $3,962.

Broker Revenue ($37,817.) ($21,830.) $2,549. -- -- -- $250.
Broker Expense ($37,817.) ($21,830.) ($4,946.) ($37,817.) (9.2%)
Broker Margin ($2,397.) 0.00% ($37,817.) (9.2%) ($65,143.)
0.00% 0.00% ($64,893.)
(7.83%) 0.00% 0.00%
(25900.00%)

Total Revenue $413,861. $534,406. $597,841. $391,977. $21,884. 100.4% $4,942,552.
Revenue, Net of OO, Broker, Wash Exp $373,743. $511,391. $591,758. $391,977. ($18,234.) 90.7% $4,866,135.
OPERATING EXPENSES
Equipment $100,249. $117,864. $129,442. $82,855. $17,395. 26.8% $1,123,114.
$56,289. $68,682. $76,117. $56,540. ($251.) 15.1% $644,092.
Fuel Expense $11,807. $10,857. $12,425. $12,375. ($568.) $106,467.
Tractor Expense $31,434. $36,567. $41,330. $18,828. 3.2% $374,279.
Trailer Expense ($1,688.) $12,489. $8,674. $12,606. 8.4% $85,701.
Equipment Maintenance $8,165. $8,970. $10,002. $5,685. ($7,373.) (0.5%) $81,252.
Collision Expense $1,560. $1,632. $3,066. $6,360. 2.2% $25,190.
Liability Insurance $1,723. $1,805. 0.4%
Trucking Technology $207,817. $257,062. $281,056. $184,365. ($162.) 55.6% $2,440,094.
Total Equipment Expense $23,452.

Job Expense $6,265. $5,715. $7,235. $1,433. $4,831. 1.7% $46,600.
Total Job Expenses
$12,888. $12,558. $13,129. $13,814. ($925.) 3.4% $114,523.
Labor Expense $87,944. $8,203. 25.7% $1,100,690.
Terminal Management $96,147. $116,282. $131,873. $9,732.
Driver Pay, Rev. Generating $9,871. ($1,231.) 2.6% $173,175.
Misc. Driver Pay $9,732. $8,851. $22,532. 2.3% $108,567.
PTO, Holiday and Bonus Pay $9,676. $629. 0.2%
Mechanic Labor $8,640. $15,674. $12,460. $23,166. $1,581. 3.0% $1,645.
Payroll Taxes $5,612. 7.7% $137,709.
Benefits Expense $629. $560. $85. $8,978. 2.6% $239,595.
Worker's Comp Expense $5,080. $615. 1.1%
Recruiting and Retention $11,257. $12,006. $16,286. $3,167. ($1,102.) 0.7% $89,412.
Rent 0.5% $33,563.
Office Expense $28,778. $32,083. $29,905. $364. ($412.) 5.2% $27,859.
Travel Expense $600. $1,488. 0.0% $14,383.
Misc Expenses $9,593. $10,498. $10,305. $263. $18,902. 55.1% $52,596.
$162,922. 112.4%
Total Labor & Related $3,978. $4,230. $3,467. $348,721. ($85.) (11.2%) $4,090.
$43,256. $43,007. 0.8% $2,097,807.
DIRECT COSTS $2,755. $2,866. $3,120. $2,602. 102.2%
GROSS MARGIN $351,323. $71,289. (11.9%) $4,584,501.
GENERAL OVERHEAD $1,851. $1,328. $1,850. $40,654. ($89,524.) $281,633.
Total Operating Expense $921. -- $53,484.
EBITDA $19,502. $2,831. $5,291. $550.
Interest,Tax, Depreciation $71,839. (11.9%) $4,637,986.
$178. $337. $569. ($90,074.) $228,149.
NET INCOME/(LOSS) $205,929. $220,105. $250,872.
($921.) $228,149.
$420,010. $482,882. $539,164.
($46,267.) $28,510. $52,594. ($89,152.)
$2,994. $5,215.
$3,152.
$423,162. $485,876. $544,379.
($49,419.) $25,516. $47,378.
--

($49,419.) $25,516. $47,378. $39,733.

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
Load Count ARDMORE 49 7.0 Curr. Mo.
164.0
REVENUES For the Nine Months Ending Sunday, September 30, 2018 0.0
Mainline Revenue 3417.0
Fuel Surcharge September Prior Month 12 Mo. Avg. Theo. Spend
7.0 7.0 7.7
Total Mainline Revenue
166.0 162.0 166.0 0.0
Wash Expense
Net Wash Revenue $62,390. $85,938. $86,648. $62,621. ($231.) 82.2% $713,367.

Broker Expense $13,492. $20,327. $18,032. $15,664. ($2,173.) 17.8% $157,068.
Broker Margin $75,882. $106,265. $104,680. $78,286. ($2,404.) 100.0% $870,434.

($26.) -- -- ($251.)

-- -- ($26.) -- -- -- ($251.)

($941.) -- -- ($11,286.)

-- -- ($941.) -- -- -- ($11,286.)

Total Revenue $75,882. $106,265. $104,680. $78,286. ($2,404.) 100.0% $870,434.
Revenue, Net of OO, Broker, Wash Exp $75,882. $106,265. $103,714. $78,286. ($2,404.) 100.0% $858,897.
OPERATING EXPENSES
Equipment $17,536. $23,849. $22,074. $17,869. ($333.) 23.1% $189,888.
$14,648. $15,547. $14,727. $13,834. $815. 19.3% $132,333.
Fuel Expense
Tractor Expense $1,560. $1,560. $1,820. $2,700. ($1,140.) 2.1% $13,416.
Trailer Expense $5,232. $2,011. $6,353. $4,983. $249. 6.9% $52,830.
Equipment Maintenance $2,537. $1,383. 3.3%
Collision Expense $1,357. $1,615. $295. $1,561. $1,154. 1.8% $3,718.
Liability Insurance $583. $1,747. ($205.) 0.8% $13,321.
Trucking Technology $582. $340. 57.3%
Total Equipment Expense $43,452. $45,165. $753. $42,670. $242. $6,267.
$47,768. $782. $411,774.
Job Expense
Total Job Expenses $469. $594. $619. $67. $402. 0.6% $4,931.

Labor Expense $1,600. $1,600. $1,183. $1,600. -- 2.1% $12,800.
Terminal Management $17,567. $23,665. $22,422. $18,667. ($1,100.)
Driver Pay, Rev. Generating 23.2% $189,391.
Misc. Driver Pay $2,789. $2,262. $3,971. $2,115. $2,789.
PTO, Holiday and Bonus Pay $6,853. $1,858. $3,380. $1,934. $4,739. 3.7% $37,910.
Payroll Taxes $2,308. $2,312. $2,469. $4,250.
Benefits Expense $1,817. $2,050. $2,727. $1,812. $374. 9.0% $30,376.
Worker's Comp Expense $1,502. $1,346. $1,685. ($2,433.)
Recruiting and Retention $643. 3.0% $21,668.
Rent $98. $596. $471. $1,161. ($310.)
Office Expense $1,262. $1,321. $1,157. ($544.) 2.4% $21,838.
Travel Expense $97.
Misc Expenses $77. $65. $143. $167. $101. 2.0% $14,686.
$29. ($20.)
Total Labor & Related $35,874. $37,075. $47. $45. ($167.) 0.1% $4,522.
$32,490. ($45.)
DIRECT COSTS $79,795. $82,834. $39,685. $3,384. 1.7% $10,647.
GROSS MARGIN ($3,913.) $23,431. $75,226. $4,568.
GENERAL OVERHEAD $88,072. $3,059. ($6,972.) 0.1% $1,404.
Total Operating Expense $1,049. $980. $15,642. $1,049.
EBITDA $80,844. $83,814. $75,226. $5,618. -- $345.
Interest,Tax, Depreciation ($4,962.) $22,451. $674. $3,059. ($8,021.)
$88,746. $192. ($192.) -- $408.
NET INCOME/(LOSS) ($4,962.) $22,451. $14,968. 47.3% $345,995.
$2,867. ($7,829.) 105.2%
-- (5.2%) $762,700.
$96,198.
$14,968. 1.4% $8,979.
106.5%
(6.5%) $771,679.
$87,218.
--

(6.5%) $87,218.

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
TUSCALOOSA 26 5.0 Curr. Mo.
Owner Operators 123.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 302.0
Load Count 5229.0
September Prior Month 12 Mo. Avg. Theo. Spend
REVENUES 5.0 4.0 5.3 $556,972.
Mainline Revenue $107,013.
Fuel Surcharge 18.0 19.0 17.6 18.0 0.0 $663,985.

Total Mainline Revenue 306.0 341.0 274.1 306.0 0.0 $124,288.
($101,641.)
Wash Revenue $56,376. $82,016. $61,132. $49,605. $6,771. 82.0%
Wash Expense $22,647.
Net Wash Revenue $12,395. $12,809. $11,410. $11,221. $1,174. 18.0%
$68,771. $94,825. $72,542. $60,826. $7,945. 100.0% $13,083.
Accessorial Revenue
$15,905. $19,985. $11,754. $15,905. 23.1%
Owner Operator Revenue
Owner Operator Expense ($15,678.) ($9,688.) ($9,954.) ($15,678.) (22.8%)
Owner Operator Margin $227. $10,297. $1,800. -- $227. 0.3%

Total Revenue $892. $1,567. -- --
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES $287,579. $299,903. $277,719. $238,937. $48,642. 418.2% $2,648,412.
Equipment ($196,482.) ($236,871.) ($206,932.) ($187,882.) ($8,600.) (285.7%) ($1,986,328.)
$40,042. 132.5%
Fuel Expense $91,097. $63,031. $70,787. $51,055. $662,084.
Tractor Expense 0.00% 0.00%
Trailer Expense 0.00% 0.00% 2.12% 0.00% 0.00%
Equipment Maintenance
Collision Expense $372,255. $415,604. $363,582. $299,763. $72,492. 541.3% $3,449,768.
Liability Insurance $160,096. $169,044. $146,696. $111,881. $48,215. 232.8% $1,361,799.
Trucking Technology
Total Equipment Expense $15,194. $21,478. $15,410. $11,391. $3,803. 9.5% $167,163.
$29,282. $25,975. $23,525. $24,807. $4,475. 18.3% $259,128.
Job Expense $35,166. $31,781. $28,022. $30,695. $4,471. 22.0% $268,320.
Total Job Expenses $10,414. $11,920. ($3,219.)
$8,701. $8,458. ($809.) 5.4% $88,731.
Labor Expense $5,121. $809. $6,750. -- $12,660.
Terminal Management $7,664. $10,646. $6,853. $914. $61,903.
Driver Pay, Rev. Generating $1,906. $1,250. $402. 4.8% $20,168.
Misc. Driver Pay $1,652. $1,808. $91,251. $81,787. $15,873. 1.0% $878,072.
PTO, Holiday and Bonus Pay $97,659. $100,146. 61.0%
Payroll Taxes
Benefits Expense $1,415. $1,244. $2,323. $625. $790. 0.9% $18,290.
Worker's Comp Expense
Recruiting and Retention $10,755. $11,591. $12,408. $12,917. ($2,161.) 6.7% $105,942.
Rent $14,447. $13,475. $14,033. $14,620. ($174.) 9.0% $126,226.
Office Expense $1,239. 0.8%
Travel Expense $1,239. $466. $3,039. $2,899. $313. 2.0% $16,815.
Misc Expenses $3,211. $1,538. $1,436. $1,358. $1,003. 1.5% $17,010.
$2,360. $1,998. $2,641. $4,180. $1,173. 3.3% $22,298.
Total Labor & Related $5,353. $6,790. $5,110. $2,209. ($890.) 0.8% $44,117.
$1,319. $1,433. $1,765. $1,985. ($887.) 0.7% $14,045.
DIRECT COSTS $1,098. $5,291. $1,750. ($173.) 1.0% $45,220.
GROSS MARGIN $1,577. $492. $1,384. ($257.) 0.1% $12,890.
GENERAL OVERHEAD $1,312. $1,006. $450. $1,359. 1.3%
Total Operating Expense $193. $667. $674. 0.6% $9,215.
EBITDA $2,026. $628. $997. $333. $1,218. 27.8% $8,624.
Interest,Tax, Depreciation $1,007. $651. $43,367. $17,882. 89.7% $7,218.
$44,586. ($25.) $49,760. $125,779. $30,333. 4.4% $429,621.
NET INCOME/(LOSS) $143,661. $39,698. $143,334. ($13,898.) ($1,855.) 0.2% $1,325,982.
$16,435. $141,088. $3,362. $2,600. $16,027. 38.8% $35,817.
$1,499. $128,379. $32,188. 4.2% $7,698.
$745. $27,956. $144,832. ($16,498.) $165. 0.1% $1,333,680.
$144,406. $680. $1,864. $157. $28,119.
$32,023. 4.1%
$15,690. $141,768. -- ($16,655.) $322.
$322. $27,276.
$1,864. $27,798.
$15,368. $27,276.

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
SAXONBURG 25 Curr. Mo.
432.0
For the Nine Months Ending Sunday, September 30, 2018 507.3
20989.0
September Prior Month 12 Mo. Avg. Theo. Spend

Drivers 8.0 8.0 12.3 8.0 0.0

Owner Operators 24.0 26.0 26.3 24.0 0.0

Load Count 596.0 866.0 942.8 596.0 0.0

REVENUES $74,846. $88,788. $180,754. $83,220. ($8,374.) 88.0% $1,214,479.
Mainline Revenue
Fuel Surcharge $10,203. $13,726. $12,099. $9,680. $522. 12.0% $115,033.
$85,049. $102,514. $192,853. $92,900. ($7,851.) 100.0% $1,329,511.
Total Mainline Revenue
$151. -- -- --
Wash Revenue -- -- ($11,996.)
Wash Expense ($1,113.) ($1,329.) -- -- -- ($11,996.)
Net Wash Revenue
-- ($1,113.) ($1,178.) $7,636. 9.0% $161,170.
Accessorial Revenue
$7,636. $50,058. $17,673.
Broker Revenue
Broker Expense $32,469. $26,300. $112,897. $19,841. $12,629. 38.2% $640,146.
Broker Margin ($29,458.) ($24,340.) ($103,120.) ($17,857.) ($11,601.) (34.6%) ($591,615.)

Owner Operator Revenue $3,011. $1,960. $9,778. $1,984. $1,027. 3.5% $48,530.
Owner Operator Expense
Owner Operator Margin 0.00% 0.00% 0.72% 0.00% 0.00% 0.00% 0.00%

Other Revenue $302,588. $345,599. $436,177. $159,334. $143,254. 355.8% $3,628,751.
($217,607.) ($333,556.) ($375,234.) ($120,282.) ($97,326.) (255.9%) ($3,156,799.)
Total Revenue $45,928.
Revenue, Net of OO, Broker, Wash Exp $84,980. $12,042. $60,943. $39,053. 99.9% $471,952.
OPERATING EXPENSES 0.00%
Equipment 0.00% 0.00% 1.16% 0.00% 0.00% 0.00%

Fuel Expense ($12,767.) -- --
Tractor Expense
Trailer Expense $427,743. $524,470. $746,984. $272,075. $155,667. 502.9% $5,759,578.
Equipment Maintenance $180,677. $165,461. $267,301. $133,937. $46,740. 212.4% $1,999,168.
Collision Expense
Liability Insurance $25,219. $42,003. $49,752. $20,199. $5,020. 14.0% $400,298.
Trucking Technology $24,311. $27,995. $37,624. $30,483. ($6,172.) 13.5% $293,319.
Total Equipment Expense $22,766. $22,766. $19,593. $24,887. ($2,121.) 12.6% $214,766.
$16,431. $11,255. ($5,263.)
Job Expense $3,839. $9,102. 2.1% $99,157.
Total Job Expenses $1,061. $484. $3,840. $1,102. ($41.) 0.6% $21,465.
$9,841. $16,781. $13,854. $4,107. $5,735. 5.4% $108,686.
Labor Expense ($154.) 0.3% $10,379.
Terminal Management $459. $1,021. $1,106. $613. ($2,996.) 48.4% $1,148,070.
Driver Pay, Rev. Generating $87,496. $127,481. $137,024. $90,491.
Misc. Driver Pay
PTO, Holiday and Bonus Pay $4,749. $5,045. $6,755. $2,783. $1,966. 2.6% $56,839.
Mechanic Labor
Payroll Taxes $20,624. $22,823. $24,933. $22,568. ($1,944.) 11.4% $218,952.
Benefits Expense $23,044.
Worker's Comp Expense $25,702. $41,589. $44,165. $2,658. 14.2% $314,484.
Recruiting and Retention $3,176.
Rent $7,636. $8,725. $10,196. $7,636. 4.2% $82,697.
Office Expense $1,984.
Travel Expense $5,199. $1,374. $6,337. $5,795. $2,023. 2.9% $48,480.
Misc Expenses $3,536.
$7,499. $8,803. $7,939. $1,939. $7,499. 4.2% $71,226.
Total Labor & Related $7,488.
$4,348. $5,066. $11,657. $3,048. $2,364. 2.4% $78,461.
DIRECT COSTS
GROSS MARGIN $5,795. $6,512. $5,515. $167. ($0.) 3.2% $43,387.
GENERAL OVERHEAD $383.
Total Operating Expense $3,202. $4,486. $5,051. $73,128. ($334.) 1.8% $37,146.
EBITDA $166,402.
Interest,Tax, Depreciation $1,477. $195. $3,242. ($32,466.) ($462.) 0.8% $26,910.
$1,142.
$6,508. $6,352. $6,971. $167,544. ($981.) 3.6% $60,402.
($33,608.)
$2,034. $2,653. $2,665. $216. ($1,014.) 1.1% $23,556.

$759. $2,481. $1,434. $593. 0.4% $15,260.

$1,219. $506. $1,947. $837. 0.7% $12,116.
$92,001. $111,565. $132,051. $18,873. 50.9% $1,033,078.
$184,246. 102.0%
$244,090. $275,829. $17,843. (0.8%) $2,237,986.
($3,569.) ($78,629.) ($8,528.) $28,897. ($238,819.)
$778. 0.2%
$1,190. $1,315. ($364.) 43.3% $8,542.
$185,024. $245,280. $277,144. $17,480. (1.0%) $2,246,529.
($4,347.) ($79,819.) ($9,842.) $29,260. ($247,361.)
--
$141. ($216.) $1,694.

% of Revenue

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo Curr. Mo. YTD
($249,055.)
NET INCOME/(LOSS) ($4,347.) ($79,819.) ($9,983.) ($33,824.) $29,477. (1.0%)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
CINCINNATI 21 3.0 Curr. Mo.
Owner Operators 87.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 61.0
Load Count 1134.0
September Prior Month 12 Mo. Avg. Theo. Spend
REVENUES 3.0 3.0 4.8 $626,080.
Mainline Revenue $119,994.
Fuel Surcharge 3.0 4.0 3.3 3.0 0.0 $746,074.

Total Mainline Revenue 44.0 75.0 62.8 44.0 0.0

Wash Revenue $50,446. $52,011. $70,381. $53,138. ($2,692.) 81.3%
Wash Expense
Net Wash Revenue $11,596. $12,719. $12,738. $10,957. $639. 18.7%
$62,041. $64,730. $83,119. $64,095. ($2,053.) 100.0%
Accessorial Revenue
$11,614. $14,701. $11,150. $11,614. 18.7% $105,855.
Broker Revenue ($11,940.) (19.2%) ($112,897.)
Broker Expense ($11,940.) ($14,186.) ($12,619.) -- ($326.) (0.5%)
Broker Margin ($326.) $515. ($1,470.) ($7,042.)
$16,203. 26.1%
Owner Operator Revenue $16,203. $21,280. $13,868. $146,112.
Owner Operator Expense
Owner Operator Margin $11,679. $7,029. $1,574. -- $11,679. 18.8% $30,570.
($11,681.) ($8,200.) ($1,919.) ($11,681.) (18.8%) ($34,706.)
Total Revenue ($1,171.) 0.00% (0.0%) ($4,135.)
Revenue, Net of OO, Broker, Wash Exp ($2.) ($344.) ($2.)
OPERATING EXPENSES 0.00% 0.00% 0.00%
Equipment 0.00% (1.82%) 0.00%

Fuel Expense $32,467. $101,687. $67,007. $23,171. $9,295. 52.3% $582,370.
Tractor Expense ($33,289.) ($66,206.) ($61,540.) ($17,999.) ($15,290.) (53.7%) ($533,392.)
Trailer Expense $35,481. ($5,994.) (1.3%)
Equipment Maintenance ($822.) $5,468. $5,172. $48,978.
Collision Expense 0.00% 0.00% 0.00%
Liability Insurance 0.00% 0.68% 0.00% 0.00%
Trucking Technology
Total Equipment Expense $134,004. $209,427. $176,719. $87,266. $46,738. 216.0% $1,610,981.
$77,095. $120,835. $100,641. $69,267. $7,828.
Job Expense 124.3% $929,986.
Total Job Expenses
$12,687. $12,099. $15,728. $14,126. ($1,439.) 16.5% $140,945.
Labor Expense $18,950. $19,550. $17,809. $16,008. $2,941. 24.6% $156,859.
Terminal Management $11,677. $15,830. $13,275. $11,500. $177. 15.1% $114,858.
Driver Pay, Rev. Generating $10,859. $6,685. 14.1%
Misc. Driver Pay $9,300. $7,879. $4,174. ($449.) $73,803.
PTO, Holiday and Bonus Pay $509. $959. $2,516. $958. $1,090. 0.7% $26,147.
Payroll Taxes $2,171. $2,320. $111. 2.8% $19,607.
Benefits Expense $2,799. $1,081. $9,116. 0.4%
Worker's Comp Expense $336. $292. $390. $225. 74.2% $3,432.
Recruiting and Retention $57,188. $59,917. $535,651.
Rent $60,829. $48,072.
Office Expense
Travel Expense $5,608. $5,763. $5,040. $417. $5,192. 7.3% $50,912.
Misc Expenses
$4,780. $4,418. $4,837. $5,000. ($220.) 6.2% $43,442.
Total Labor & Related $16,534. $15,365. $20,107. $17,301. ($766.) 21.4% $183,246.
$3,397.
DIRECT COSTS $3,397. $4,389. $5,206. $1,864. ($1,343.) 4.4% $44,622.
GROSS MARGIN $521. $2,030. $1,760. $1,606. 0.7% $17,197.
GENERAL OVERHEAD $1,827. $3,096. $2,760. $293. 2.5% $28,271.
Total Operating Expense $1,900. $1,721. $3,743. $1,903. ($1,412.) 1.7% $28,660.
EBITDA $1,348. $1,001. ($1,903.)
Interest,Tax, Depreciation $711. $582. -- $6,742.
$599. $1,553. $50. ($402.) 0.8% $13,297.
NET INCOME/(LOSS) $16. $92. ($50.)
$25. $186. $41. $333. ($67.) -- $278.
$49. $92. $50. 0.0% $472.
$183. $30,663. $186. $31,960. ($284.) 0.1% $1,260.
$29,337. $317. $80,449. $133. 0.2% $2,994.
$92,132. $97,255. $41,521. ($11,182.) 38.1% $370,481.
($15,037.) $23,580. $106,478. ($2,624.) 119.5% $957,044.
($5,837.) $80,449. (11.2%) ($27,057.)
$92,132. $97,255. $417. ($11,182.) $11,684. $2,540.
($15,037.) $23,580. $106,895. ($3,856.) -- $959,584.
($6,254.) $185. 68.8% ($29,598.)
($15,037.) $23,580. -- (11.2%)
$1. ($11,367.) $11,684. ($29,598.)
($3,856.) --
($6,255.)
($185.) (11.2%)

($3,670.)

Drivers MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
HOUSTON (LA PORTE) 48 13.0 Curr. Mo.
Owner Operators 315.0
For the Nine Months Ending Sunday, September 30, 2018 0.0 53.0
Load Count
September Prior Month 12 Mo. Avg. Theo. Spend 2782.0
REVENUES 13.0 14.0 15.7
Mainline Revenue
Fuel Surcharge 3.0 3.0 2.9 3.0 0.0

Total Mainline Revenue 143.0 415.0 154.6 143.0 0.0

Wash Revenue $160,372. $212,654. $212,915. $143,306. $17,067. 81.6% $1,995,154.
Wash Expense
Net Wash Revenue $36,222. $47,797. $44,050. $32,416. $3,806. 18.4% $437,078.
$196,594. $260,451. $256,965. $175,721. $20,873. 100.0% $2,432,232.
Accessorial Revenue
$29,675. $38,997. $33,197. $29,675. 15.1% $320,485.
Owner Operator Revenue
Owner Operator Expense ($31,259.) ($35,195.) ($34,512.) ($31,259.) (15.9%) ($329,447.)
Owner Operator Margin ($1,584.) $3,802. ($1,315.) -- ($1,584.) (0.8%) ($8,962.)

Total Revenue $15,201. $19,336. $10,134. $15,201. 7.7% $118,789.
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES $49,722. $81,009. $61,715. $34,766. $14,956. 25.3% $589,581.
Equipment ($37,025.) ($46,993.) ($45,178.) ($27,338.) ($9,687.) (18.8%) ($424,437.)
$12,697. $34,016. $16,537. $5,268. $165,145.
Fuel Expense $7,429. 6.5%
Tractor Expense 0.00% 0.00% 2.23% 0.00% 0.00%
Trailer Expense 0.00% 0.00%
Equipment Maintenance
Collision Expense $291,192. $399,794. $362,011. $210,488. $80,704. 148.1% $3,461,088.
Liability Insurance $222,908. $317,606. $282,321. $183,150. $39,758. 113.4% $2,707,204.
Trucking Technology
Total Equipment Expense $34,188. $50,812. $47,523. $33,045. $1,143. 15.3% $452,847.
$58,216. $67,807. $48,804. $56,621. $1,595. 26.1% $463,939.
Job Expense $34,282. $22,391. $23,138. $23,528. $10,754. 15.4% $225,660.
Total Job Expenses $15,525. $32,125. $17,693. $6,014. $157,819.
$12,649. $11,394. $9,511. $10,311. 7.0% $136,623.
Labor Expense $1,412. $2,338. $1,187. 5.7%
Terminal Management $3,827. $5,306. $5,940. $2,640. $2,376. 1.7% $51,835.
Driver Pay, Rev. Generating $3,186. $5,272. $3,428. $33,381. 1.4% $35,781.
Misc. Driver Pay $161,873. $185,125. $157,921. $810. 72.6% $1,524,503.
PTO, Holiday and Bonus Pay $128,493.
Payroll Taxes
Benefits Expense $2,108. $4,452. $2,027. $333. $1,774. 0.9% $23,347.
Worker's Comp Expense
Recruiting and Retention $11,666. $10,883. $11,945. $12,917. ($1,250.) 5.2% $103,221.
Rent $42,237. $2,297.
Office Expense $44,534. $66,931. $63,814. $3,271. 20.0% $597,634.
Travel Expense $5,632.
Misc Expenses $3,271. $4,796. $4,420. $5,657. ($4,723.) 1.5% $44,610.
$9,848. ($733.)
Total Labor & Related $909. $4,934. $3,978. $4,753. 0.4% $35,053.
$3,603. ($2,109.)
DIRECT COSTS $4,923. $7,451. $8,209. $1,875. ($1,946.) 2.2% $77,666.
GROSS MARGIN
GENERAL OVERHEAD $7,739. $9,851. $5,928. $420. ($815.) 3.5% $51,866.
Total Operating Expense $1,000. ($103.)
EBITDA $2,807. $4,422. $4,524. 1.3% $41,864.
Interest,Tax, Depreciation $500. $460.
$2,788. $5,366. $12,895. $88,442. $2,632. 1.3% $123,589.
NET INCOME/(LOSS) $217,268. ($408.)
$1,772. $1,765. $1,715. ($34,118.) ($3,428.) 0.8% $15,883.
$31,727.
$880. $499. $948. $1,500. $8,031. 0.4% $9,267.
$218,768. ($906.)
$3,632. $26. $1,404. ($35,618.) $30,821. 1.6% $15,706.
$8,937.
$92. $38. $394. $453. 0.0% $3,528.
$85,014. $116,961. $120,175. $834. 38.1% $1,119,887.
$248,995. ($36,071.) 111.7%
($26,087.) $306,538. $280,123. $8,103. (9.0%) $2,667,737.
$11,068. $2,198. $39,467.
$594. $502. $1,071. 0.2% $7,276.
$249,589. 85.7%
($26,681.) $307,039. $281,194. (9.2%) $2,675,013.
$10,566. $1,127. $32,190.
$1,287. -- 0.4% $1,287.

($27,968.) $10,566. $1,127. (9.6%) $30,904.

MODERN TRANSPORTATION LLC
LOGISTICS 37

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend % of Revenue YTD
Diff From Theo Curr. Mo.
Load Count 532.0 354.5 4254.0
0.0 0.0
REVENUES $170,295.
Mainline Revenue $88,740. $925. $6,796. $88,740. 98.7% $28,748.
Fuel Surcharge
$1,184. $194. $2,297. $1,184. 1.3% $199,043.
Total Mainline Revenue $89,924. $1,119. $9,093.
-- $89,924. 100.0%
Wash Revenue
Wash Expense $428. $600. $3,904. $428. 0.5% $47,276.
Net Wash Revenue
($251.) ($180.) ($88.) ($251.) (0.3%) ($1,080.)
Accessorial Revenue $177. $420. $3,816.
-- $177. 0.2% $46,196.
Broker Revenue
Broker Expense $22,420. $23,025. $4,684. $22,420. 24.9% $78,626.
Broker Margin
$937,642. $887,760. $558,265. -- $937,642. 1042.7% $7,636,820.
Owner Operator Revenue ($878,782.) ($784,839.) ($493,468.) ($878,782.) (977.3%)
Owner Operator Expense $102,921. 0.00% ($6,800,400.)
Owner Operator Margin $58,860. $64,797. $58,860. 65.5% $836,420.
0.00%
Total Revenue 0.00% 0.97% 0.00% 0.00% 0.00%
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES $6,434. $6,032. $3,529. -- $6,434. 7.2% $48,787.
Equipment ($2,486.) -- --
$6,434. $6,032. $1,044. 0.00% ($29,829.)
Equipment Maintenance 100.00% $6,434. 7.2% $18,958.
Liability Insurance 100.00% 2.46%
Trucking Technology 100.00% 0.00% 0.00%
Total Equipment Expense
$1,056,848. $918,536. $579,475. -- $1,056,848. 1175.3% $8,010,551.
Job Expense $177,815. $133,517. $83,434. -- $177,815. 197.7% $1,179,242.
Total Job Expenses
$578. $714. $794. $578. 0.3% $10,105.
Labor Expense $2,059. $2,502. $504.
Driver Pay, Rev. Generating $2,059. 1.2% $8,110.
PTO, Holiday and Bonus Pay $2,637. $3,216. $22.
Benefits Expense $1,320. -- -- $262.
Worker's Comp Expense
Recruiting and Retention -- $2,637. 1.5% $18,477.
Rent
Office Expense $2,990. $1,608. $958. $2,990. 1.7% $14,006.
Travel Expense
Misc Expenses $850. $1,050. $583. $850. 0.5% $7,850.
$6,282. $6,307. $3,580. $6,282. 3.5% $50,091.
Total Labor & Related 0.3%
$507. $483. $387. $507. 0.0% $5,146.
DIRECT COSTS $33. $34. $17. $33. $233.
GROSS MARGIN $7. -- -- $81.
GENERAL OVERHEAD $1,533. $1,533. 0.9%
Total Operating Expense $470. $554. $918. $1,533. 0.3% $12,553.
$430. $470. 2.8% $5,632.
BAD DEBT EXPENSE (7130) $5,040. $3,072. $1,667.
Total Other $5,040. -- $23,302.
EBITDA $14,715. $13,033. $7. -- 8.3% $90.
$7,597. 11.4%
NET INCOME/(LOSS) $20,342. $17,858. -- $14,715. 14.9% $104,978.
$157,473. $115,659. $9,875. 2.1%
$73,559. -- $20,342. 4.0% $137,462.
$22,138. $22,876. $14,850. -- $157,473. $1,041,780.
$42,480. $40,734. $24,725. 0.0%
$22,138. 0.0% $200,336.
$462. $23. $60. -- $42,480. 12.8% $337,798.
$462. $23. $60.
$134,873. $92,761. $58,649. $462. 12.8% $1,186.
-- $462. $1,186.
$134,873. $92,761. $58,649. -- $134,873. $840,258.

-- $134,873. $840,258.

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
Non-Operating Curr. Mo.
$9,235.
For the Nine Months Ending Sunday, September 30, 2018 $9,235.

September Prior Month 12 Mo. Avg. Theo. Spend

REVENUES $1,258. -- --
Mainline Revenue
-- -- $1,258. -- -- --
Total Mainline Revenue

Broker Revenue -- -- $193. -- -- -- --
Broker Margin 0.00% $193. -- --
0.00% 0.00% 0.00%
Other Revenue 8.33% 0.00% 0.00%

Total Revenue $35,000. -- --
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES -- -- $36,451. -- -- -- $9,235.
Equipment -- -- $36,451. -- -- -- $9,235.

Fuel Expense ($490.) $2,319. $52. ($490.) -- $828.
Tractor Expense $28,917. -- -- $12,000.
Trailer Expense $27,587. $27,587. $78,837. -- $248,284.
Equipment Maintenance $66. $27,587. -- $5,081.
Collision Expense $19,545. $452. $66. -- $197,725.
Liability Insurance $19,545. $14,848. -- $14,235.
Trucking Technology $1,423. $19,545. -- $11,735.
Total Equipment Expense $1,381. $50,874. $1,733. -- -- $489,888.
$48,089. $1,318.
Job Expense $126,157. $1,381. -- $231,903.
Total Job Expenses -- $48,089.
$27,289. $20,695. $18,575. -- $15,489.
Labor Expense $27,289. -- $344,661.
Driver Pay, Rev. Generating $61,211. $44,568. ($5,975.) -- $8,116.
PTO, Holiday and Bonus Pay $765. -- -- $136,130.
Payroll Taxes $740. $26,248. $61,211. -- $130,944.
Benefits Expense $13,867. -- $81,439.
Worker's Comp Expense $14,089. $16,497. $914. $740. -- $150,983.
Payroll Fees $14,089. -- $169,974.
Recruiting and Retention $16,494. $6,960. $13,450. $16,494. -- $191,856.
Rent $13,441. -- $233,599.
Office Expense $6,960. $18,917. $9,641. $6,960. -- $43,237.
Travel Expense $18,540. $12,894. -- $1,506,428.
Misc Expenses $12,894. $33,632. $15,397. $18,853. -- $2,228,219.
$20,014. -- ($2,218,984.)
Total Labor & Related $18,853. $4,154. $16,590. ($19,418.) -- $2,015,099.
$171,339. -- $4,243,317.
DIRECT COSTS $20,014. $18,966. $333. -- $85,980.
GROSS MARGIN $242,909. -- $132,169. -- $85,980.
GENERAL OVERHEAD ($19,418.) ($242,909.) $22,639. -- $207,547. -- ($4,320,062.)
Total Operating Expense -- ($207,547.) -- $907,627.
$333. $228,062. $27,071.
BAD DEBT EXPENSE (7130) $132,169. $470,971. $214,549. -- ($5,227,689.)
Total Other $4,330. -- $422,095.
EBITDA $207,547. -- $149,272.
Interest,Tax, Depreciation ($207,547.) ($470,971.) $85,980.
$294,004. -- $85,980.
NET INCOME/(LOSS) $214,549. $84,564. ($257,553.) -- ($508,075.)
$422,095.
$226,978. $83,016.
$85,980. $520,982.
$85,980. -- ($591,091.)
($508,075.) $18,466.
$83,016. $18,466.
($502,996.)
$76,574.

($591,091.) ($555,536.) ($579,571.)

MODERN TRANSPORTATION LLC % of Revenue YTD
SM Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES $9. -- $9. -- $9.
Equipment $9. -- -- -- $9. -- $9.

Trucking Technology $44. $331. $50. $44. -- $552.
Total Equipment Expense
$734. $759. $1,071. $734. -- $11,925.
Job Expense -- -- $164.
Total Job Expenses $2,262. $1,957. $22. -- $12,107.
$41. $49. $2,262. -- $229.
Labor Expense $764. $41. -- $93.
PTO, Holiday and Bonus Pay $692. $692. -- -- $6,433.
Payroll Taxes $1,927. $2,005. $29. -- $20,438.
Benefits Expense $3,860. $8,247. $692. -- $55,442.
Worker's Comp Expense $8. $1,927. -- $11,234.
Recruiting and Retention $9,516. $13,708. $3,860. -- $118,064.
Rent $727. -- $118,625.
Office Expense $9,569. $14,039. -- -- ($118,625.)
Travel Expense ($9,569.) ($14,039.) $2,321. -- $9,516. -- $279,865.
Misc Expenses $32,789. -- $9,569. -- $398,490.
$42,358. $36,758. $5,746. -- ($9,569.) -- ($398,490.)
Total Labor & Related ($42,358.) $50,797.
($50,797.) $946. $32,789. -- ($398,490.)
DIRECT COSTS $11,634. -- $42,358.
GROSS MARGIN -- ($42,358.)
GENERAL OVERHEAD $11,684.
Total Operating Expense ($11,684.) -- ($42,358.)
EBITDA
$32,188.
NET INCOME/(LOSS) $43,873.
($43,873.)

($42,358.) ($50,797.) ($43,873.)

MODERN TRANSPORTATION LLC % of Revenue YTD
SA Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES -- -- -- -- -- -- --
Equipment
Total Equipment Expense $3,060. $238. $2,356. $3,060. -- $31,424.

Job Expense $15,727. $2,759. $1,132. $15,727. -- $25,767.
Total Job Expenses $1,560. $1,440. $1,560. -- $14,745.
$72. $1,338. $72. -- $327.
Labor Expense $729. $54. $729. -- $1,836.
PTO, Holiday and Bonus Pay $1,845. $30. $1,845. -- $17,154.
Benefits Expense $2,119. $1,845. $2,119. -- $8,387.
Worker's Comp Expense $5,799. $293. $481. $5,799. -- $25,740.
Recruiting and Retention -- -- $6,022.
Rent $2,929. $1,940. -- $99,979.
Office Expense -- $27,851. -- $131,403.
Travel Expense $27,851. $9,320. $594. -- ($131,403.)
Misc Expenses -- $30,911. -- $289,579.
$30,911. $9,558. $1,668. -- ($30,911.) -- $420,982.
Total Labor & Related ($30,911.) ($9,558.) -- ($420,982.)
$34,074. $536. $33,385.
DIRECT COSTS $33,385. $43,632. $7,718. -- $64,296. -- ($420,982.)
GROSS MARGIN $64,296. ($43,632.) $10,074. -- ($64,296.)
GENERAL OVERHEAD ($64,296.) ($10,074.)
Total Operating Expense $29,759. -- ($64,296.)
EBITDA $39,832.
($39,832.)
NET INCOME/(LOSS)
($64,296.) ($43,632.) ($39,832.)

MODERN TRANSPORTATION LLC % of Revenue YTD
OP Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES -- -- -- -- -- -- --
Equipment
Total Equipment Expense $113. $460. $93. $113. -- $1,223.

Job Expense $3,199. $1,083. $106. -- -- $1,275.
Total Job Expenses $3,199. -- $18,167.
$2,010. $1,983. $2,104. -- $2.
Labor Expense $54. $61. -- -- $20,014.
Driver Pay, Rev. Generating $0. $2,010. -- $309.
PTO, Holiday and Bonus Pay $9,809. $7,207. -- $106,164.
Payroll Taxes $2,122. $2,165. $2,263. $54. -- $14,750.
Benefits Expense $1,118. $9,809. -- $14,340.
Worker's Comp Expense $530. $7,487. $34. $2,122. -- $42,949.
Recruiting and Retention $5,424. -- $16.
Rent $10,987. $530. -- $217,986.
Office Expense $23,148. $21,104. $5,424. -- $219,209.
Travel Expense $1,572. -- ($219,209.)
Misc Expenses $23,261. $21,564. -- -- $115,248.
($23,261.) ($21,564.) $1,330. -- $23,148. -- $334,457.
Total Labor & Related -- $23,261. -- ($334,457.)
$11,625. $17,267. $3,617. -- ($23,261.)
DIRECT COSTS $34,886. $38,831. -- ($334,457.)
GROSS MARGIN ($34,886.) ($38,831.) $3. $11,625.
GENERAL OVERHEAD $22,016. -- $34,886.
Total Operating Expense -- ($34,886.)
EBITDA $22,108.
($22,108.) -- ($34,886.)
NET INCOME/(LOSS)
$14,107.
$36,215.
($36,215.)

($34,886.) ($38,831.) ($36,215.)

MODERN TRANSPORTATION LLC % of Revenue YTD
NO Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES $2. -- --
Equipment -- -- $2. -- -- -- --

Equipment Maintenance $11,874. $12,269. $12,019. $11,874. -- $108,445.
Total Equipment Expense
$427. $441. $281. $427. -- $3,798.
Job Expense $740. $765. $740. -- $6,758.
Total Job Expenses $167. $159. $719. $167. -- $1,531.
-- $22.
Labor Expense $505. $762. $91. -- -- $6,091.
PTO, Holiday and Bonus Pay $1,502. $238. $505. -- $2,705.
Payroll Taxes $2. $1,502. -- $3.
Benefits Expense $3,341. $2,365. -- $20,908.
Recruiting and Retention $740. -- -- $129,353.
Office Expense $15,214. $14,634. -- $3,341. -- ($129,353.)
Travel Expense ($15,214.) ($14,634.) $406. -- $15,214. -- $2,752.
Misc Expenses -- ($15,214.) -- $132,106.
$173. $179. $0. -- ($132,106.)
Total Labor & Related $15,387. $14,813. $2,239. $173. -- $635,308.
($15,387.) ($14,813.) $14,259. -- $15,387.
DIRECT COSTS $52,119. $52,119. ($14,259.) -- ($15,387.) -- ($767,414.)
GROSS MARGIN
GENERAL OVERHEAD $293. $52,119.
Total Operating Expense $14,552.
EBITDA ($14,552.) -- ($67,506.)
Interest,Tax, Depreciation $48,599.

NET INCOME/(LOSS) ($67,506.) ($66,932.) ($63,151.)

MODERN TRANSPORTATION LLC % of Revenue YTD
IT Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES $1,301. $1,352. $845. $1,301. -- $11,291.
Equipment $1,301. $1,352. $845. -- $1,301. -- $11,291.

Trucking Technology $79. $74. -- -- $79.
Total Equipment Expense
$292. $562. $132. -- -- $212.
Job Expense $12. $14. $292. -- $4,286.
Total Job Expenses $536. -- $68.
$475. $475. $12. -- $1,154.
Labor Expense $714. $567. $7. -- -- $4,376.
PTO, Holiday and Bonus Pay -- $12,366.
Benefits Expense $1,493. $26. $100. $475. -- $394.
Worker's Comp Expense $714. -- $29.
Recruiting and Retention $2,793. $1,644. $500. -- $22,885.
Rent ($2,793.) -- -- $34,256.
Office Expense $3,075. $2,115. -- -- ($34,256.)
Travel Expense $8,224. ($3,075.) -- $1,493. -- $83,284.
Misc Expenses $11,017. $33. -- $2,793. -- $117,540.
($11,017.) $8,498. -- ($2,793.) -- ($117,540.)
Total Labor & Related $11,574. $2. $8,224.
($11,574.) $3,425. -- $11,017. -- ($117,540.)
DIRECT COSTS -- ($11,017.)
GROSS MARGIN $4,344.
GENERAL OVERHEAD ($4,344.) -- ($11,017.)
Total Operating Expense
EBITDA $8,807.
$13,151.
NET INCOME/(LOSS) ($13,151.)

($11,017.) ($11,574.) ($13,151.)

MODERN TRANSPORTATION LLC % of Revenue YTD
HR Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES -- -- -- -- -- -- --
Equipment
Total Equipment Expense $375. $6,334. ($2,598.) $375. -- $34,748.

Job Expense $1,042. $2,779. $1,035. $1,042. -- $11,208.
Total Job Expenses $1,340. $1,114. $1,340. -- $10,905.
$1,099. -- $343.
Labor Expense $60. $64. $60. -- $81,439.
PTO, Holiday and Bonus Pay $6,960. $6,960. $35. $6,960. -- $17,037.
Benefits Expense $2,155. $4,253. $2,155. -- $25,178.
Worker's Comp Expense $2,889. $2,915. $15,397. $2,889. -- $14,973.
Payroll Fees $1,424. $1,580. $1,424. -- $2,001.
Recruiting and Retention $1,146. $1,665. $1,146. -- $539.
Rent $115. -- $163,622.
Office Expense $2,743. -- -- $198,370.
Travel Expense $17,016. $19,781. -- $17,016. -- ($198,370.)
Misc Expenses $1,676. -- $17,391. -- $365,981.
$17,391. $26,115. -- ($17,391.) -- $564,351.
Total Labor & Related ($17,391.) ($26,115.) $280. -- ($564,351.)
$41,881.
DIRECT COSTS $41,881. $41,374. $45. -- $59,272. -- ($564,351.)
GROSS MARGIN $59,272. $67,489. $23,976. -- ($59,272.)
GENERAL OVERHEAD ($59,272.) ($67,489.)
Total Operating Expense $21,378. -- ($59,272.)
EBITDA ($21,378.)

NET INCOME/(LOSS) $38,047.
$59,426.
($59,426.)

($59,272.) ($67,489.) ($59,426.)

MODERN TRANSPORTATION LLC % of Revenue YTD
EQ Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES $66. -- -- $66. -- $66.
Equipment $66. -- -- $66. -- $66.

Equipment Maintenance $201. $27. -- -- $320.
Total Equipment Expense
$4,220. $681. $261. -- -- $3,131.
Job Expense $4,220. -- $15,605.
Total Job Expenses $1,544. $1,583. $1,302. -- $240.
$32. -- -- $15,460.
Labor Expense $32. $20. $1,544. -- $162.
Driver Pay, Rev. Generating $2,788. -- $1,003.
PTO, Holiday and Bonus Pay $175. $265. $1,624. $32. -- $22,785.
Payroll Taxes $175. -- $2,754.
Benefits Expense $2,788. $5,350. $19. $2,788. -- $2,671.
Worker's Comp Expense $185. -- $185.
Recruiting and Retention $185. $5,551. $69. $416. -- $63,997.
Rent ($5,551.) $175. -- $64,383.
Office Expense $416. $22,539. $2,330. -- $9,536. -- ($64,383.)
Travel Expense $28,090. -- $9,602. -- $175,189.
Misc Expenses $175. ($28,090.) $287. -- ($9,602.) -- $239,572.
$9,536. $18,080. -- ($239,572.)
Total Labor & Related $216. -- $27,682.
$9,602. -- ($27,682.) -- ($239,572.)
DIRECT COSTS ($9,602.) $1.
GROSS MARGIN $18,080. $6,130. -- ($27,682.)
GENERAL OVERHEAD $27,682.
Total Operating Expense ($27,682.) $6,156.
EBITDA ($6,156.)
$20,274.
NET INCOME/(LOSS) $26,431.
($26,431.)

($27,682.) ($28,090.) ($26,431.)

MODERN TRANSPORTATION LLC % of Revenue YTD
BD Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES -- -- -- -- -- -- --
Equipment
Total Equipment Expense $125. $280. -- -- $125.

Job Expense ($230.) $743. $469. ($230.) -- $3,304.
Total Job Expenses $649. $654. $649. -- $6,109.
$12. $552. $12. -- $74.
Labor Expense $26. $14. $26. -- $3,189.
PTO, Holiday and Bonus Pay $461. $1,281. $8. $461. -- $4,289.
Benefits Expense -- $4,336.
Worker's Comp Expense $2,200. $461. $509. $2,200. -- $16,865.
Recruiting and Retention $142. ($520.) $142. -- $303.
Rent $485. -- -- $38,468.
Office Expense $563. -- $38,594.
Travel Expense $363. -- $3,260. -- ($38,594.)
Misc Expenses $3,260. $3,197. -- $84,532.
$1,645. -- $3,260. -- $123,125.
Total Labor & Related $3,260. $3,322. -- ($3,260.) -- ($123,125.)
($3,260.) ($3,322.) $25.
DIRECT COSTS $4,057. $8,547. -- ($123,125.)
GROSS MARGIN $8,547. $7,851. -- $11,807.
GENERAL OVERHEAD $11,807. $11,173. $4,337. -- ($11,807.)
Total Operating Expense ($11,807.) ($11,173.) ($4,337.)
EBITDA -- ($11,807.)
$9,084.
NET INCOME/(LOSS) $13,420.
($13,420.)

($11,807.) ($11,173.) ($13,420.)

MODERN TRANSPORTATION LLC % of Revenue YTD
AC Curr. Mo.

For the Nine Months Ending Sunday, September 30, 2018

September Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo

REVENUES

OPERATING EXPENSES $27. $18. $3. $27. -- $63.
Equipment $27. $18. $3. -- $27. -- $63.

Trucking Technology $85. $238. $361. $85. -- $324.
Total Equipment Expense
$2,002. $1,232. $108. -- -- $1,291.
Job Expense $2,559. $2,892. $2,002. -- $16,046.
Total Job Expenses $1,467. $2,559. -- $28,223.
$70. $74. -- $361.
Labor Expense $2,849. $70. -- $5,890.
Driver Pay, Rev. Generating $2,320. $2,320. -- -- $19,612.
PTO, Holiday and Bonus Pay $1,600. $2,530. $42. -- $26,080.
Benefits Expense $2,320. -- $596.
Worker's Comp Expense $68. $491. $1,600. -- $23.
Recruiting and Retention -- $98,121.
Rent $8,619. $9,048. $2,290. $68. -- $98,508.
Office Expense -- -- ($98,508.)
Travel Expense $8,731. $9,304. $4,311. -- $447,512.
Misc Expenses ($8,731.) ($9,304.) -- $8,619. -- $546,020.
$45,442. $48,046. $92. -- ($546,020.)
Total Labor & Related $54,173. $57,350. -- $8,731.
($54,173.) ($57,350.) $18. -- ($8,731.) -- ($546,020.)
DIRECT COSTS $11,668.
GROSS MARGIN $45,442.
GENERAL OVERHEAD $12,032. -- $54,173.
Total Operating Expense ($12,032.) -- ($54,173.)
EBITDA
$49,681. -- ($54,173.)
NET INCOME/(LOSS) $61,713.
($61,713.)

($54,173.) ($57,350.) ($61,713.)

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
Non-Operating Corporate Curr. Mo.
$9,235.
For the Nine Months Ending Sunday, September 30, 2018 $9,235.

September Prior Month 12 Mo. Avg. Theo. Spend

REVENUES $1,258. -- --
Mainline Revenue
-- -- $1,258. -- -- --
Total Mainline Revenue

Broker Revenue -- -- $193. -- -- -- --
Broker Margin 0.00% $193. -- --
0.00% 0.00% 0.00%
Other Revenue 8.33% 0.00% 0.00%

Total Revenue $35,000. -- --
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES -- -- $36,451. -- -- -- $9,235.
Equipment -- -- $36,451. -- -- -- $9,235.

Fuel Expense ($490.) $2,319. $52. ($490.) -- $828.
Tractor Expense $28,917. -- -- $12,000.
Trailer Expense $27,587. $27,587. $78,837. -- $248,284.
Equipment Maintenance $27,587. -- $5,014.
Collision Expense $19,545. $19,545. $451. -- -- $197,725.
Liability Insurance $14,848. -- $14,235.
Trucking Technology $44. $53. $19,545. -- $371.
Total Equipment Expense $46,686. $49,504. $1,733. -- -- $478,458.
$470.
Job Expense $44. -- $54,664.
Total Job Expenses $125,308. -- $46,686.
-- $9,791.
Labor Expense $11,738. $418. $5,914. $11,738. -- $238,630.
Driver Pay, Rev. Generating -- $950.
PTO, Holiday and Bonus Pay $34,090. $34,090. ($6,450.) -- -- $22,749.
Payroll Taxes $34,090. -- $129,071.
Benefits Expense $1,705. $1,523. $17,253. -- $14,596.
Worker's Comp Expense $16,141. $16,135. -- -- $55,398.
Recruiting and Retention $153. $1,705. -- $82,092.
Rent $5,260. $700. $16,141. -- $84,237.
Office Expense $8,809. $5,255. $2,335. -- $24,883.
Travel Expense ($37,774.) $9,940. -- -- $662,397.
Misc Expenses $14,052. $9,437. $5,260. -- $1,195,519.
$158. $4,128. $8,809. -- ($1,186,284.)
Total Labor & Related $28,390. $85,823. $2,279. ($37,774.) -- $171,157.
$135,745. -- $1,366,676.
DIRECT COSTS $86,814. ($135,745.) $6,380. $158. -- $85,980.
GROSS MARGIN ($86,814.) $11,477. -- $28,390. -- $85,980.
GENERAL OVERHEAD $147,222. $8,902. -- $86,814. -- ($1,443,421.)
Total Operating Expense $14,403. -- ($86,814.) -- $272,319.
$101,217. -- $13,368.
BAD DEBT EXPENSE (7130) ($147,222.) $14,403. -- ($1,715,740.)
Total Other $85,980. $2,753. -- $101,217.
EBITDA $85,980. $32,445. $56,410.
Interest,Tax, Depreciation ($187,197.) $187,632. $85,980.
$30,897. ($151,180.) -- $85,980.
NET INCOME/(LOSS) -- ($187,197.)
$24,738.
$212,369. $30,897.

$18,466. -- ($218,094.)
$18,466.
($194,384.)
$27,975.

($218,094.) ($179,668.) ($222,359.)

MODERN TRANSPORTATION LLC Diff From Theo % of Revenue YTD
Defunct Terminals Curr. Mo.
37.0
For the Nine Months Ending Sunday, September 30, 2018 19.0
1579.0
September Prior Month 12 Mo. Avg. Theo. Spend
($315.)
Drivers 0.0 0.0 0.0
($315.)
Owner Operators 0.0 0.0 0.0

Load Count 0.0 0.0 0.0

REVENUES ($802.) -- --
Mainline Revenue
Fuel Surcharge ($73.) -- --

Total Mainline Revenue -- -- ($875.) -- -- --

Wash Expense ($7,470.) -- -- ($63,294.)
Net Wash Revenue
-- -- ($7,470.) -- -- -- ($63,294.)

Broker Revenue -- -- $16. -- -- -- $187.
Broker Margin 0.00% $16. -- -- $187.
0.00% 8.33% 0.00% 0.00%
Owner Operator Revenue 0.00% 100.00%
Owner Operator Margin $85. -- --
-- -- $85. -- -- --
Total Revenue 0.00% 8.33% 0.00% 0.00% --
Revenue, Net of OO, Broker, Wash Exp 0.00% 0.00%
OPERATING EXPENSES 0.00%
Equipment
-- -- ($775.) -- -- -- ($128.)
Fuel Expense -- -- ($8,244.) -- -- -- ($63,422.)
Tractor Expense
Trailer Expense $70. -- --
Equipment Maintenance -- -- ($278.)
Collision Expense $4,427. -- -- $51,300.
Liability Insurance -- -- $18,860.
Trucking Technology $6,650. -- --
Total Equipment Expense -- -- $13.
$450. $1,945. -- --
Job Expense -- -- -- $69,896.
Total Job Expenses $439.
-- -- $3,921.
Labor Expense $137.
Terminal Management
Driver Pay, Rev. Generating $101.
Payroll Taxes
Benefits Expense -- $450. $13,768.
Worker's Comp Expense
Recruiting and Retention $351.
Rent
Office Expense ($9.) $213. -- --
Travel Expense $278. -- --
Misc Expenses ($197.) -- -- $300.
$241. $221. -- -- ($9.)
Total Labor & Related $60. -- -- $2,928.
$160. -- -- $238.
DIRECT COSTS ($36.) $241. -- $2,322.
GROSS MARGIN $241. $651. -- -- $37.
GENERAL OVERHEAD $492. -- -- $877.
Total Operating Expense $241. $1,101. -- --
EBITDA ($241.) ($1,101.) $55. -- $241. -- $6,693.
-- $241. -- $80,510.
NET INCOME/(LOSS) $241. $1,101. $763. -- ($241.) -- ($143,931.)
($241.) ($1,101.) -- -- $1.
$6. -- $241. -- $80,511.
-- ($241.) -- ($143,932.)
$84.
-- ($241.) -- ($143,932.)
($2.)
$1,439.
$15,558.
($23,802.)

$122.
$15,680.
($23,924.)

($241.) ($1,101.) ($23,924.)