2018-11 One-Page P&L's with Notes

Open Action Items

P&L Notes Down $30 from prior month and $78 from 12 mo avg. Lack of management at the terminal. Equipment
sitting idle. Business is available, but we have not been adequately pursuing it. Sasol, Brenntag, Coastal,
Revenue Soltex are primary customers.
Tractor Rental $2k for breakdown on the road.
Tractor Lease Low by $10k; deliberately bringing new leased trucks on slowly to manage cost as we staff up.
Trailer Rental $5k; Overlap of outgoing and incoming trailes; this will normalize in December.
Tire $5k Catching up repairs to fleet that fell behind.
$6300 Maint Not Processed $6300
Maintenance Not Catching up repairs to fleet. Possibly some duplication in opened RO's due to transition, which will be
Processed weeded out this month.
Trailer Maint
Licenses and $6500 Catching up repairs to fleet that fell behind.
Permits
Terminal $2k for Idealease plate renewals.
Management
Travel $9k low due to transition from Cody/Kurt to new manager.
$4k for Chris G and Kareem trips to support Jason.

MODERN TRANSPORTATION LLC
LOGISTICS 37

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD

Load Count 1033.0 440.6 0.0 5287.0

REVENUES 11,158.86 15,121.13 181,453.52
Mainline Revenue 29,434.63
Fuel Surcharge 686.28 2,452.89
11,845.14 17,574.01 210,888.15
Total Mainline Revenue

Wash Revenue (431.00) (218.00) 3,939.64 (431.00) 47,275.70
(431.00) (218.00) (431.00)
Wash Expense (108.17) (1,729.00)
Net Wash Revenue 3,831.48 45,546.70

Accessorial Revenue 4,366.37 8,139.25 7,230.40 4,366.37 91,131.13

Broker Revenue 757,785.73 930,728.03 713,962.33 757,785.73 9,325,333.65
(673,901.39) (856,846.65) (638,103.89) (673,901.39) (8,331,148.05)
Broker Expense 83,884.34 73,881.38 75,858.44 83,884.34
Broker Margin 994,185.60
11.1% 7.9% 10.6% 11.1%
Broker Margin % 0.0% 10.7%
2,660.60 1,868.83 4,221.32 2,660.60
Owner Operator Revenue (2,485.74) 53,316.49
2,660.60 1,868.83 1,735.58 0.0% 2,660.60 (29,828.93)
Owner Operator Expense 23,487.56
Owner Operator Margin 100.0% 100.0% 41.1% 100.0%
44.1%
O/O Margin %

Total Revenue 764,812.70 952,581.25 746,927.70 764,812.70 9,727,945.12
Revenue, Net of OO, Broker, Wash Exp 90,480.31 95,516.60 106,229.90 90,480.31 1,365,239.14
OPERATING EXPENSES
Equipment 1,298.03 986.00 924.25 1,298.03 11,091.00
1,298.03 1,722.30 819.39 1,298.03 11,130.65
Equipment Maintenance
Liability Insurance 2,708.30 21.84 262.11
Trucking Technology 1,765.48 22,483.76
Total Equipment Expense
1,231.31 1,260.03 1,312.11 1,231.31 16,497.77
Job Expense
Total Job Expenses 6,275.80 1,450.00 775.00 6,275.80 9,300.00
843.23 6,306.62 4,699.77 843.23 62,673.05
Labor Expense 164.46 164.46
Driver Pay, Rev. Generating 401.53 462.28 6,390.56
PTO, Holiday and Bonus Pay 1,504.90 34.00 22.25 1,504.90 431.46
Benefits Expense 355.31 6.79 355.31 81.49
Worker's Comp Expense 1,536.78
Recruiting and Retention 1,773.83 912.20 1,174.15 1,773.83 15,594.72
Rent 545.35 6,899.50
Office Expense 10,917.53 1,760.06 10,917.53
Travel Expense 2,182.05 26,836.05
Misc Expenses 13,446.87 12,401.19 7.49 13,446.87 89.84
77,033.44 77,033.44
Total Labor & Related 22,138.13 16,369.52 9,875.13 22,138.13 128,296.67
35,585.00 79,147.08 35,585.00
DIRECT COSTS 22,936.00 12,952.72 167,278.20
GROSS MARGIN 54,895.31 39,305.52 93,277.18 0.0% 54,895.31 1,197,960.94
GENERAL OVERHEAD 18,606.03
Total Operating Expense 54,895.31 113.63 31,558.75 54,895.31 245,410.45
7.2% 113.63 7.2% 412,688.65
BAD DEBT EXPENSE (7130) 56,097.45 108.33
Total Other 108.33 1,299.97
EBITDA 56,097.45 74,562.83 1,299.97
5.9% 951,250.52
NET INCOME/(LOSS) 74,562.83
Margin % 10.0% 951,250.52
9.8%

MODERN TRANSPORTATION LLC
Non-Operating

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD

REVENUES $1,064.08 $9,235.00
Mainline Revenue 1,064.08 9,235.00

Total Mainline Revenue

Broker Revenue 193.33
Broker Margin 193.33

Broker Margin % 0.0% 0.0% 100.0% 0.0% 0.0% 0.0%

Other Revenue 35,000.00 9,235.00
9,235.00
Total Revenue 36,257.42
Revenue, Net of OO, Broker, Wash Exp 36,257.42
OPERATING EXPENSES
Equipment 27,587.14 2,298.99 217.17 27,587.14 3,126.89
28,916.67 12,000.00
Fuel Expense (217,270.00) 27,587.14 78,837.14 (217,270.00) 303,458.54
Tractor Expense 59.92
Trailer Expense 1,477.03 461.36 1,477.03 5,140.58
Equipment Maintenance (188,205.83) 19,545.00 18,105.83 (188,205.83)
Collision Expense 14,235.37
Liability Insurance 1,375.87 1,507.98 14,587.57
Trucking Technology 50,866.92 1,539.99 352,548.95
Total Equipment Expense 129,586.14

Job Expense 18,394.66 23,796.83 24,739.78 18,394.66 274,094.55
Total Job Expenses
116.25 42,947.46 (6,505.35) 0.0% 116.25 15,605.26
Labor Expense 26,155.78 764.63 34,088.33 26,155.78 413,764.17
Driver Pay, Rev. Generating
PTO, Holiday and Bonus Pay 92.46 11,891.55 884.85 92.46 8,972.79
Payroll Taxes 18,171.86 16,504.00 14,014.78 18,171.86 166,193.62
Benefits Expense (142,793.38) 13,841.26 12,324.83 (142,793.38)
Worker's Comp Expense 11,915.08 4,654.62
Payroll Fees 6,960.00 18,714.69 8,560.62 6,960.00 102,240.27
Recruiting and Retention 19,974.85 24,333.28 16,604.83 19,974.85 182,873.18
Rent 18,488.68 29,186.52 18,929.63 18,488.68 207,177.86
Office Expense 16,268.63 22,638.35 16,268.63 232,457.47
Travel Expense 37,096.16 9,658.01 24,446.09 37,096.16 299,881.57
Misc Expenses 12,123.08 179,756.48 12,123.08
12,654.37 4,777.71 12,654.37 65,017.90
Total Labor & Related (157,156.80) 254,420.23 150,764.68 (157,156.80) 1,698,838.71
157,156.80 (254,420.23) 157,156.80
DIRECT COSTS 213,034.39 227,963.25 305,090.60 213,034.39 2,325,482.21
GROSS MARGIN 55,877.59 482,383.48 (268,833.19) 55,877.59 (2,316,247.21)
GENERAL OVERHEAD 229,144.69 2,456,096.26
Total Operating Expense (55,877.59) (482,383.48) 534,235.29 (55,877.59) 4,781,578.47
88,330.37 84,218.34 88,330.37
BAD DEBT EXPENSE (7130) 25,630.91 85,979.93
Total Other (144,207.96) (566,601.82) 25,630.91 (144,207.96) 85,979.93
EBITDA 0.0% 0.0% (523,608.78) 0.0% (4,858,323.40)
Interest,Tax, Depreciation 86,807.38 1,080,175.63

NET INCOME/(LOSS) (610,416.16) (5,938,499.03)
Margin % (1683.6%) (64304.3%)

MODERN TRANSPORTATION LLC YTD
SM

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $18.00 $2.25 $27.00
Equipment 18.00 2.25 27.00

Trucking Technology 20.40 61.81 52.07 20.40 634.30
Total Equipment Expense
2,176.62 1,239.56 1,178.69 0.0% 2,176.62 15,340.87
Job Expense 22.33 164.07
Total Job Expenses 2,782.27 1,837.48 2,782.27
223.28 50.00 1,122.68 223.28 16,726.97
Labor Expense 29.42 502.28
PTO, Holiday and Bonus Pay 672.09 672.09 7.77 672.09 93.20
Payroll Taxes 2,037.25 2,052.33 2,037.25
Benefits Expense 2,412.35 6,731.85 716.54 2,412.35 7,776.97
Worker's Comp Expense 4,221.42 2,280.71 4,221.42 24,527.23
Recruiting and Retention 14,525.28 6.75 5,719.74 14,525.28 64,586.22
Rent 14,545.68 12,590.06 14,545.68 15,461.67
Office Expense (14,545.68) 936.69 (14,545.68) 145,179.48
Travel Expense 31,846.93 12,669.87 12,014.55 31,846.93 145,840.78
Misc Expenses 46,392.61 (12,669.87) 46,392.61 (145,840.78)
(46,392.61) 34,142.99 12,068.87 (46,392.61) 345,854.45
Total Labor & Related 46,812.86 (12,068.87) 491,695.23
(46,392.61) (46,812.86) 33,019.62 (46,392.61) (491,695.23)
DIRECT COSTS 0.0% 45,088.49 0.0%
GROSS MARGIN (46,812.86) (45,088.49) (491,695.23)
GENERAL OVERHEAD 0.0% 0.0%
Total Operating Expense (45,088.49)
EBITDA 0.0%

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
SA

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 1,378.30 2,733.49 32,801.82
Equipment
Total Equipment Expense 2,376.06 2,009.28 2,478.74 0.0% 2,376.06 30,152.57
2,439.73 1,663.13 1,461.48 2,439.73 18,848.23
Job Expense
Total Job Expenses 270.28 53.00 35.50 270.28 650.28
109.00 366.93 109.00 1,945.13
Labor Expense 1,792.25 1,792.25 1,910.76 1,792.25 20,738.59
PTO, Holiday and Bonus Pay 1,954.71 4,506.25 1,096.58 1,954.71 14,847.95
Benefits Expense 135.80 1,620.10 2,285.99 135.80 27,495.83
Worker's Comp Expense 3,661.18 806.96 9,683.50
Recruiting and Retention 9,077.83 15,305.19 10,442.95 9,077.83 124,362.08
Rent 16,683.49 13,176.43 157,163.90
Office Expense 9,077.83 (16,683.49) (13,176.43) 9,077.83 (157,163.90)
Travel Expense (9,077.83) 33,651.97 31,715.65 (9,077.83) 355,371.44
Misc Expenses 32,139.99 50,335.46 44,892.08 32,139.99 512,535.34
41,217.82 (50,335.46) (44,892.08) 41,217.82 (512,535.34)
Total Labor & Related (41,217.82) (41,217.82)
(50,335.46) (44,892.08) (512,535.34)
DIRECT COSTS (41,217.82) 0.0% 0.0% (41,217.82) 0.0%
GROSS MARGIN 0.0% 0.0%
GENERAL OVERHEAD
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
OP

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 655.62 132.92 113.00 655.62 2,011.57
Equipment
Total Equipment Expense 1,836.24 580.21 106.25 0.0% 1,836.24 1,275.00
2,288.22 20,583.75
Job Expense 2,505.27 1,669.84 2,505.27
Total Job Expenses 338.92 71.00 0.19 338.92 2.31
2,211.26 24,188.70
Labor Expense 14,386.53 8,596.40 14,386.53
Driver Pay, Rev. Generating 2,047.02 2,044.21 40.00 2,047.02 718.92
PTO, Holiday and Bonus Pay 1,003.40 2,347.79 11,023.85 1,003.40 129,146.76
Payroll Taxes 7,350.15
Benefits Expense 19,483.51 1,659.20 19,483.51 18,840.84
Worker's Comp Expense 1.70 1,455.72 17,691.21
Recruiting and Retention 41,600.89 22,661.30 4,315.06 41,600.89 69,782.52
Rent
Office Expense 42,256.51 22,794.22 1.51 42,256.51 18.11
Travel Expense (42,256.51) (22,794.22) 23,101.27 (42,256.51) 282,248.12
Misc Expenses 18,342.28 16,599.08 18,342.28
60,598.79 39,393.30 23,214.27 60,598.79 284,259.69
Total Labor & Related (60,598.79) (39,393.30) (23,214.27) (60,598.79) (284,259.69)
15,193.34 150,189.23
DIRECT COSTS (60,598.79) (39,393.30) 38,407.61 (60,598.79) 434,448.92
GROSS MARGIN 0.0% 0.0% (38,407.61) 0.0% (434,448.92)
GENERAL OVERHEAD
Total Operating Expense (38,407.61) (434,448.92)
EBITDA 0.0% 0.0%

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
NO

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 11,873.57 12,269.35 12,045.08 11,873.57 132,588.21
Equipment
Total Equipment Expense 426.69 440.91 353.20 426.69 4,665.10
92.46 764.63 720.71 92.46 7,615.48
Job Expense 160.01 118.47 1,834.40
Total Job Expenses 143.01 143.01
676.52 1.85 22.16
Labor Expense 493.95 66.70 737.74 493.95 7,261.12
PTO, Holiday and Bonus Pay 10,384.05 240.45 10,384.05 13,155.31
Payroll Taxes 2,108.77
Benefits Expense 11,540.16 0.27 0.0% 11,540.16 3.28
Recruiting and Retention 14,378.12 2,172.69 34,556.85
Office Expense 23,413.73 (14,378.12) 14,217.77 23,413.73 167,145.06
Travel Expense (23,413.73) (14,217.77) (23,413.73) (167,145.06)
Misc Expenses 178.82
173.06 14,556.94 292.96 173.06 3,104.22
Total Labor & Related 23,586.79 (14,556.94) 14,510.72 23,586.79 170,249.28
(23,586.79) 52,118.75 (14,510.72) (23,586.79) (170,249.28)
DIRECT COSTS 52,118.75 57,285.56 52,118.75 739,545.50
GROSS MARGIN (66,675.69)
GENERAL OVERHEAD (75,705.54) 0.0% (71,796.29) (75,705.54) (909,794.78)
Total Operating Expense 0.0% 0.0% 0.0% 0.0%
EBITDA
Interest,Tax, Depreciation

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
IT

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $1,432.88 $1,259.72 $1,058.43 $1,432.88 $13,984.07
Equipment 1,432.88 1,259.72 1,058.43 1,432.88 13,984.07

Trucking Technology 19.12 79.41
Total Equipment Expense
502.12 357.69 104.59 0.0% 502.12 569.77
Job Expense 55.82 193.32 485.08 55.82 4,981.00
Total Job Expenses
448.06 13.00 8.25 448.06 136.82
Labor Expense 475.08 96.19 475.08 1,154.26
PTO, Holiday and Bonus Pay 462.02 491.34 5,286.52
Benefits Expense 90.02 671.86 1,578.54 90.02 13,512.59
Worker's Comp Expense 32.82
Recruiting and Retention 1,571.10 11.20 1,571.10 483.80
Rent 1,709.09 3.34 40.06
Office Expense 3,003.98 2,800.15 3,003.98
Travel Expense (3,003.98) 2,968.81 (3,003.98) 26,164.82
Misc Expenses 8,224.01 (2,968.81) 3,877.70 8,224.01
11,227.99 8,160.46 (3,877.70) 11,227.99 40,228.30
Total Labor & Related (11,227.99) 11,129.27 9,222.37 (11,227.99) (40,228.30)
(11,129.27) 13,100.07 99,668.77
DIRECT COSTS (11,227.99) (13,100.07) (11,227.99) 139,897.07
GROSS MARGIN 0.0% (11,129.27) 0.0% (139,897.07)
GENERAL OVERHEAD 0.0% (13,100.07)
Total Operating Expense 0.0% (139,897.07)
EBITDA 0.0%

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
HR

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 2,491.00 8,778.25 4,271.50 2,491.00 46,016.77
Equipment
Total Equipment Expense 3,135.07 861.40 1,125.45 0.0% 3,135.07 15,204.62
1,621.24 1,011.08 1,149.01 1,621.24 13,537.22
Job Expense
Total Job Expenses 455.48 63.00 37.83 455.48 861.48
6,960.00 13,841.26 8,560.62 6,960.00 102,240.27
Labor Expense 4,916.88 1,805.61 4,916.88
PTO, Holiday and Bonus Pay 3,157.09 2,576.88 2,810.97 3,157.09 24,530.39
Benefits Expense 2,148.59 3,244.77 1,661.83 2,148.59 31,579.46
Worker's Comp Expense 1,544.22 18,665.65
Payroll Fees 947.06 300.54 947.06
Recruiting and Retention 289.45 46.02 3,238.00
Rent 23,341.41 13.54 23,341.41 552.21
Office Expense 17,497.88
Travel Expense 25,832.41 23,445.60 25,832.41 210,409.30
Misc Expenses (25,832.41) 21,769.38 (25,832.41)
37,995.13 32,223.85 (21,769.38) 37,995.13 256,426.07
Total Labor & Related 63,827.54 (32,223.85) 40,094.70 63,827.54 (256,426.07)
(63,827.54) 42,884.86 61,864.09 (63,827.54) 446,861.04
DIRECT COSTS 75,108.71 (61,864.09) 703,287.11
GROSS MARGIN (63,827.54) (75,108.71) (63,827.54) (703,287.11)
GENERAL OVERHEAD 0.0% (61,864.09) 0.0%
Total Operating Expense (75,108.71) 0.0% (703,287.11)
EBITDA 0.0% 0.0%

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
EQ

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $5.52 $66.24
Equipment 5.52 66.24

Equipment Maintenance 73.50 26.65 73.50 393.27
Total Equipment Expense
1,590.02 1,308.48 260.95 0.0% 1,590.02 3,131.44
Job Expense 1,566.36 18,503.24
Total Job Expenses 2,292.42 1,234.88 2,292.42
162.46 32.00 20.04 162.46 240.47
Labor Expense 1,645.26 18,987.77
Driver Pay, Rev. Generating 2,709.03 2,709.03 2,709.03
PTO, Holiday and Bonus Pay 185.34 282.02 20.00 185.34 356.46
Payroll Taxes 44.76 83.55 1,002.56
Benefits Expense 1,039.30 5.00 2,456.43 1,039.30 28,203.43
Worker's Comp Expense 298.47 3,221.01
Recruiting and Retention 7,978.57 5,616.17 233.69 7,978.57 3,755.18
Rent 15.82
Office Expense 8,052.07 5,616.17 6,600.57 8,052.07 189.84
Travel Expense (8,052.07) (5,616.17) 6,632.73 (8,052.07) 77,591.40
Misc Expenses 20,186.07 21,519.54 (6,632.73) 20,186.07
28,238.14 27,135.71 20,703.48 28,238.14 78,050.91
Total Labor & Related (28,238.14) (27,135.71) 27,336.21 (28,238.14) (78,050.91)
(27,336.21) 216,894.50
DIRECT COSTS (28,238.14) (27,135.71) (28,238.14) 294,945.41
GROSS MARGIN 0.0% 0.0% (27,336.21) 0.0% (294,945.41)
GENERAL OVERHEAD 0.0%
Total Operating Expense (294,945.41)
EBITDA 0.0%

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
BD

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 11.71 125.14
Equipment
Total Equipment Expense 1,303.01 641.27 490.60 0.0% 1,303.01 5,247.99
741.85 607.63 606.72 741.85 7,458.49
Job Expense 55.82 55.82
Total Job Expenses 375.07 13.00 8.25 375.07 142.82
448.06 741.80 481.57 448.06 4,305.43
Labor Expense (300.10) 448.06 477.69 (300.10) 5,184.63
PTO, Holiday and Bonus Pay 302.28 525.86 535.68 302.28 4,562.15
Benefits Expense 730.53 1,633.99 17,897.72
Worker's Comp Expense 2,925.99 2,925.99
Recruiting and Retention 3,708.15 25.27 303.28
Rent 2,925.99 4,259.77 2,925.99 45,102.51
Office Expense (2,925.99) 3,708.15 (2,925.99)
Travel Expense 7,014.22 (3,708.15) 4,271.48 7,014.22 45,227.65
Misc Expenses 9,940.21 8,172.21 (4,271.48) 9,940.21 (45,227.65)
(9,940.21) 11,880.36 9,098.86 (9,940.21) 99,718.09
Total Labor & Related (11,880.36) 13,370.34 144,945.74
(9,940.21) (13,370.34) (9,940.21) (144,945.74)
DIRECT COSTS 0.0% (11,880.36) 0.0%
GROSS MARGIN 0.0% (13,370.34) (144,945.74)
GENERAL OVERHEAD 0.0% 0.0%
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
AC

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $54.00 $9.75 $117.00
Equipment 54.00 9.75 117.00

Trucking Technology 201.76 323.58
Total Equipment Expense
116.25 1,418.66 107.60 0.0% 116.25 1,407.50
Job Expense 2,431.56 2,125.10 1,567.47 2,431.56 19,895.75
Total Job Expenses 3,602.72 2,925.41 3,602.72 33,951.04
72.00
Labor Expense 375.74 44.92 375.74 808.74
Driver Pay, Rev. Generating 57.37 2,254.26 490.83 57.37 5,947.31
PTO, Holiday and Bonus Pay 1,842.88 2,247.22 24,106.76
Benefits Expense 2,240.32 3,601.51 2,240.32 29,589.08
Worker's Comp Expense 1,666.47 10.00 1,666.47
Recruiting and Retention 9.90 89.58 605.59
Rent 10,490.43 19.04 10,490.43 32.87
Office Expense 7,732.80 11,093.57
Travel Expense 10,490.43 11,305.08 10,490.43 116,344.64
Misc Expenses (10,490.43) 7,786.80 (11,305.08) (10,490.43)
43,638.95 (7,786.80) 51,101.93 43,638.95 116,785.22
Total Labor & Related 54,129.38 46,710.02 62,407.01 54,129.38 (116,785.22)
(54,129.38) 54,496.82 (62,407.01) (54,129.38) 537,860.51
DIRECT COSTS (54,496.82) 654,645.73
GROSS MARGIN (54,129.38) (62,407.01) (54,129.38) (654,645.73)
GENERAL OVERHEAD 0.0% (54,496.82) 0.0% 0.0%
Total Operating Expense 0.0% (654,645.73)
EBITDA 0.0%

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC
Non-Operating Corporate

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD

REVENUES $1,064.08 $9,235.00
Mainline Revenue 1,064.08 9,235.00

Total Mainline Revenue

Broker Revenue 193.33
Broker Margin 193.33

Broker Margin % 0.0% 0.0% 100.0% 0.0% 0.0% 0.0%

Other Revenue 35,000.00 9,235.00
9,235.00
Total Revenue 36,257.42
Revenue, Net of OO, Broker, Wash Exp 36,257.42
OPERATING EXPENSES
Equipment 2,298.99 217.17 3,126.89
28,916.67 12,000.00
Fuel Expense 27,587.14 27,587.14 78,837.14 27,587.14 303,458.54
Tractor Expense (217,270.00) 59.92
Trailer Expense 455.84 (217,270.00) 5,074.34
Equipment Maintenance 19,545.00 18,105.83
Collision Expense 44.15 14,235.37
Liability Insurance 44.15 44.15 1,507.98 (189,638.71) 459.50
Trucking Technology 469.56
Total Equipment Expense (189,638.71) 49,535.20 338,354.64
128,510.18
Job Expense
Total Job Expenses 3,280.57 1,176.20 5,265.42 3,280.57 59,120.48

Labor Expense 10,880.51 34,090.00 (6,980.16) 10,880.51 9,791.32
Driver Pay, Rev. Generating 22,935.00 283,600.51
PTO, Holiday and Bonus Pay 1,541.23 1,389.08 1,541.23
Payroll Taxes 16,137.00 121.59 (144,731.18) 950.46
Benefits Expense (144,731.18) 2,289.41 25,679.80
Worker's Comp Expense 5,088.00 12,100.67 130.00
Recruiting and Retention 130.00 9,883.55 2,246.69 4,974.76 476.82
Rent 12,342.98 6,159.48 6,603.94 14,725.98
Office Expense 4,974.76 5,948.74 9,391.58 2,301.79 65,460.66
Travel Expense 84,879.35 9,594.25 7,901.66 98,579.48
Misc Expenses 6,603.94 135,590.75 2,922.80 (110,397.29) 98,881.40
(135,590.75) 60,781.30 (296,755.43) 38,733.08
Total Labor & Related 2,301.79 15,943.30 194,556.90 296,755.43 636,879.51
151,534.05 (158,299.48) 13,473.75 1,034,354.63
DIRECT COSTS 7,901.66 18,701.78 (283,281.68) (1,025,119.63)
GROSS MARGIN (110,397.29) 213,258.68 200,574.01
GENERAL OVERHEAD 25,630.91 283,281.68 1,234,928.64
Total Operating Expense (296,755.43) 25,630.91 36,211.62
296,755.43 (202,632.17) 85,979.93
BAD DEBT EXPENSE (7130) 29,521.81 247,070.06 85,979.93
Total Other 13,473.75 0.0% (1,311,673.57)
EBITDA (283,281.68) (232,153.99) 340,630.13
Interest,Tax, Depreciation (640.3%)
283,281.68 (151,534.05) 0.0% (1,652,303.70)
NET INCOME/(LOSS) 36,211.62 32,099.59 (17891.8%)
Margin %
247,070.06 (183,633.64)
0.0% 0.0%

MODERN TRANSPORTATION LLC
Defunct Terminals

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD
0.0 0.0
Drivers 0.0 0.0 37.0
0.0 0.0 19.0
Owner Operators 1579.0
(32.41)
Load Count (314.50)
(15.28)
REVENUES (47.68) (314.50)
Mainline Revenue
Fuel Surcharge (7,864.91) (63,293.95)
(7,864.91) (63,293.95)
Total Mainline Revenue

Wash Expense
Net Wash Revenue

Broker Revenue 0.0% 0.0% 15.56 0.0% 0.0% 186.75
Broker Margin 0.0% 0.0% 15.56 186.75
100.0%
Broker Margin % 100.0%
(5.41)
Owner Operator Revenue (5.41) 0.0% 0.0% 0.0%
Owner Operator Margin 100.0%

O/O Margin % (37.53) (127.75)
(7,902.44) (63,421.70)
Total Revenue
Revenue, Net of OO, Broker, Wash Exp 5,000.00 5,000.00 1,458.11 5,000.00 (277.91)
OPERATING EXPENSES 6,650.00 5,000.00 51,300.00
Equipment 5,000.00 5,000.00 1,771.46 18,860.42
(2,708.33) 10,000.00
Tractor Expense
Trailer Expense 1.10 13.20
Equipment Maintenance 29.44
Collision Expense 7,201.77 79,895.71
Liability Insurance
Trucking Technology 953.59 411.28 4,874.09
Total Equipment Expense
2,400.00 20.00 70.83 2,400.00 300.35
Job Expense 221.44 231.18 (13.37) 221.44 (8.65)
Total Job Expenses 25.03
2,621.44 251.18 (41.09) 0.0% 2,621.44 5,327.82
Labor Expense 477.17 258.01
Terminal Management 7,621.44 6,204.77 36.63 7,621.44
Driver Pay, Rev. Generating (7,621.44) (6,204.77) 423.18 (7,621.44) 2,774.76
Payroll Taxes 36.96
Benefits Expense 7,621.44 6,204.77 3.08 7,621.44
Worker's Comp Expense (7,621.44) (6,204.77) 76.84 (7,621.44) 876.67
Recruiting and Retention 1,058.29 9,565.92
Rent (7,621.44) (6,204.77) 8,671.35 (7,621.44) 94,335.72
Office Expense 0.0% 0.0% (16,573.79) 0.0% (157,757.42)
Travel Expense 58.96
8,730.31 1.00
Total Labor & Related (16,632.75) 94,336.72
(157,758.42)
DIRECT COSTS (16,632.75)
GROSS MARGIN 44316.6% (157,758.42)
GENERAL OVERHEAD 123490.0%
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Zanesville50

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 23.18 278.15
Equipment 0.50
Total Equipment Expense 6.00
23.68 284.15
Job Expense
23.68 284.15
Labor Expense (23.68) (284.15)
Worker's Comp Expense 23.68 284.15
Office Expense (23.68) (284.15)

Total Labor & Related 0.0% 0.0% (23.68) 0.0% 0.0% (284.15)
0.0% 0.0%
DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Waynesburg47

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $0.01 $0.10
Equipment 0.01 0.10

Liability Insurance 417.81 303.07
Total Equipment Expense 38.19
303.07
Job Expense 456.00
303.17
Labor Expense 456.00 (303.17)
Worker's Comp Expense (456.00) 303.17
Rent 456.00 (303.17)
(456.00)
Total Labor & Related 0.0% 0.0% 0.0% 0.0% (303.17)
(456.00) 0.0%
DIRECT COSTS 0.0%
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Dearborn45

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $0.12 $1.41
Equipment 0.12 1.41

Liability Insurance 70.83 300.35
Total Equipment Expense 25.03
2,400.00 161.58 2,400.00 (1,058.89)
Job Expense 0.24 151.84 1,696.09
151.84 161.58 (273.83) 937.55
Labor Expense 2,551.84 153.70 2,551.84
Terminal Management 161.58 (24.03) 938.96
Payroll Taxes 2,551.84 (161.58) 2,551.84 (938.96)
Benefits Expense (2,551.84) 161.58 (23.92) (2,551.84) 938.96
Worker's Comp Expense 2,551.84 (161.58) 23.92 2,551.84 (938.96)
Rent (2,551.84) (23.92) (2,551.84)
23.92 (938.96)
Total Labor & Related (2,551.84) (161.58) 0.0% (2,551.84) 0.0%
0.0% 0.0% 23.92 0.0%
DIRECT COSTS 0.0%
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

REVENUES MODERN TRANSPORTATION LLC YTD
Mainline Revenue Defunct Powellton38
($314.50)
Total Mainline Revenue For the Eleven Months Ending Friday, November 30, 2018 (314.50)

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

($26.21)
(26.21)

Total Revenue (26.21) (314.50)
Revenue, Net of OO, Broker, Wash Exp (26.21) (314.50)
OPERATING EXPENSES
Equipment 208.33 2,500.00
Total Equipment Expense 208.33 2,500.00

Job Expense 208.33 2,500.00
(234.54) (2,814.50)
Labor Expense 208.33 2,500.00
Worker's Comp Expense (234.54) (2,814.50)

Total Labor & Related 0.0% 0.0% (234.54) 0.0% 0.0% (2,814.50)
894.9% 894.9%
DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Medina33

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 953.59 79.47 953.59
Equipment
Total Equipment Expense 0.0% 953.59 79.47 0.0% 0.0% 953.59
(953.59) (79.47) (953.59)
Job Expense 953.59 79.47 953.59
Total Job Expenses (953.59) (79.47) (953.59)

Labor Expense (953.59) (79.47) (953.59)
0.0% 0.0% 0.0%
DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Eau Claire28

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES $5,000.00 $5,000.00 ($2,708.33) $5,000.00 $10,000.00
Equipment 5,000.00 5,000.00 (2,708.33) 5,000.00 10,000.00

Collision Expense 5,000.00 5,000.00 (2,708.33) 0.0% 5,000.00 10,000.00
Total Equipment Expense (5,000.00) (5,000.00) 2,708.33 (5,000.00) (10,000.00)
5,000.00 5,000.00 (2,708.33) 5,000.00 10,000.00
Job Expense (5,000.00) (5,000.00) 2,708.33 (5,000.00) (10,000.00)

Labor Expense (5,000.00) (5,000.00) 2,708.33 (5,000.00) (10,000.00)
0.0% 0.0% 0.0% 0.0% 0.0%
DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC
Defunct Jackson22

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD

REVENUES

OPERATING EXPENSES 0.0% 0.0% 4.38 0.0% 0.0% 0.0%
Equipment 4.38
Total Equipment Expense 4.38
(4.38)
Job Expense 4.38
(4.38)
Labor Expense
Recruiting and Retention (4.38)
0.0%
Total Labor & Related

DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC
Defunct Annville17

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD

REVENUES

OPERATING EXPENSES 0.0% 0.0% 3.78 0.0% 0.0% 0.0%
Equipment 3.78
Total Equipment Expense 3.78
(3.78)
Job Expense 3.78
(3.78)
Labor Expense
Travel Expense (3.78)
0.0%
Total Labor & Related

DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Davenport13

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES ($7,864.91) ($63,293.95)
(7,864.91) (63,293.95)
Wash Expense
Net Wash Revenue

Revenue, Net of OO, Broker, Wash Exp (7,864.91) (63,293.95)
OPERATING EXPENSES
Equipment 6,650.00 51,300.00
1,771.46 18,860.42
Trailer Expense
Equipment Maintenance 0.01 0.16
Liability Insurance 8,421.47 70,160.58
Total Equipment Expense
326.71 3,920.50
Job Expense
Total Job Expenses 0.0% 0.0% (48.69) 0.0% 0.0% 1,804.28
2.58 30.96
Labor Expense
Worker's Comp Expense (46.11) 1,835.24
Office Expense
8,702.07 75,916.32
Total Labor & Related (16,566.99) (139,210.27)

DIRECT COSTS (1.28) 75,916.32
GROSS MARGIN 8,700.79 (139,210.27)
GENERAL OVERHEAD (16,565.71)
Total Operating Expense (139,210.27)
EBITDA (16,565.71) 0.0%
0.0%
NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Cleburne9

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

Broker Revenue $15.56 $186.75
Broker Margin 15.56 186.75
100.0%
Broker Margin % 0.0% 0.0% 0.0% 0.0% 100.0%

Total Revenue 15.56 186.75
Revenue, Net of OO, Broker, Wash Exp 15.56 186.75
OPERATING EXPENSES
Equipment 0.02 0.22
0.02 0.22
Liability Insurance
Total Equipment Expense 0.0% 0.0% (0.03) 0.0% 0.0% 0.22
(0.03) 186.53
Job Expense
(0.01) 0.22
Labor Expense 15.57 186.53
Benefits Expense (63.21)
(63.22) 186.53
Total Labor & Related 78.78 99.9%

DIRECT COSTS 78.78
GROSS MARGIN 506.2%
GENERAL OVERHEAD
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC YTD
Defunct Williamsport10

For the Eleven Months Ending Friday, November 30, 2018

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

REVENUES

OPERATING EXPENSES 13.36 160.31
Equipment 13.36
Total Equipment Expense 160.31
13.36
Job Expense (13.36) 160.31
13.36 (160.31)
Labor Expense (13.36) 160.31
Travel Expense (160.31)
(13.36)
Total Labor & Related 0.0% 0.0% 0.0% 0.0% 0.0% (160.31)
0.0%
DIRECT COSTS
GROSS MARGIN
Total Operating Expense
EBITDA

NET INCOME/(LOSS)
Margin %

MODERN TRANSPORTATION LLC
Defunct Bellaire 43

For the Eleven Months Ending Friday, November 30, 2018

November Prior Month 12 Mo. Avg. Theo. Spend Diff From Theo YTD
0.0 0.0
Drivers 0.0 0.0 37.0
0.0 0.0 19.0
Owner Operators 1579.0

Load Count (6.20)

REVENUES (15.28)
Mainline Revenue (21.48)
Fuel Surcharge

Total Mainline Revenue

Owner Operator Revenue 0.0% 0.0% (5.41) 0.0% 0.0% 0.0%
Owner Operator Margin (5.41)
100.0%
O/O Margin %
(26.89) (277.91)
Total Revenue (26.89) 11.31
Revenue, Net of OO, Broker, Wash Exp
OPERATING EXPENSES 1,458.11 (266.60)
Equipment 0.94

Tractor Expense 29.44
Liability Insurance 1,488.49
Trucking Technology
Total Equipment Expense 5.11

Job Expense 69.60 20.00 (13.37) 69.60 (8.65)
Total Job Expenses 69.60 (41.30)
69.60 150.36 69.60 1,804.28
Labor Expense 89.60 32.25
Driver Pay, Rev. Generating 69.60 231.30 69.60 258.01
Benefits Expense (69.60) 89.60 59.70 (69.60)
Worker's Comp Expense (89.60) 418.94 775.60
Recruiting and Retention 69.60 1,912.54 69.60
Rent (69.60) 89.60 (1,939.42) (69.60) 716.36
Travel Expense (89.60) 123.45 3,545.60
(69.60) 2,035.99
Total Labor & Related 0.0% (89.60) (2,062.87) 3,279.00
0.0% (3,279.00)
DIRECT COSTS (2,062.87)
GROSS MARGIN 7672.7% 1.00
GENERAL OVERHEAD 3,280.00
Total Operating Expense (3,280.00)
EBITDA
0.0% (69.60) (3,280.00)
NET INCOME/(LOSS) 0.0% 0.0%
Margin %