How about in the revenue section? Good grief! Here is a summary:
Total Contract Revenue
Tradition?s total contract revenue increased to $87,695,384, in the year ended December 31, 2021, from $49,992,274 the year ended December 31, 2020. This $37,703,110 increase is attributable to the segments below.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s freight contract revenue increased to $47,549,777 from $38,713,490. This $8,836,287 increase is attributable to the Freight Transportation segment seeing increased freight rates through diversification of customers which lead to increased equipment count, seat count, and ultimately Tradition?s ability to serve Tradition?s current customers at a higher value. This movement up the value chain allowed Tradition to pursue and win the business of larger and more sophisticated customers.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s Brokerage contract revenue increased to $33,211,039 from $7,059,381. This $26,151,658 increase is attributable to a deliberate and organized organic growth campaign for 2021. This growth was also assisted by Tradition?s growth in both the Warehouse Leasing and Freight Transportation segments.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s equipment lease revenue increased to $6,934,568 from $4,219,403. This $2,715,165 increase is attributable to the asset growth and seat count increases in our Freight Transportation segment 2021 along with increased lease rates in our leasing model.
Total Warehouse Lease Revenue
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s Warehouse Lease contract revenue increased to $7,762,131 from $5,247,966. This $2,514,165 increase is attributable to diversification of services offered in our Warehouse Leasing segment along with a strategic plan for organic growth in 2021.
