Mich. Admin. Code R. 460.19213

Current through Vol. 24-22, December 15, 2024

Section R. 460.19213 - Financial and cost criteria

Rule 1213.

(1) In determining the revenue need of a motor carrier or carriers of household goods pursuant to a cost evidence evaluation, the department may require the carrier or carriers to prepare and submit information pertaining to any of the following:

(a) Return on equity.

(b) Return on transportation investment.

(c) Operating ratio.

(d) Expense ratio.

(e) Current ratio.

(f) Capital structure ratio.

(g) Any other reasonable cost center criteria that may be useful to the department in assessing the financial structure and needs of the carrier operations.

(2) The department may reject the cost evidence filings of a motor carrier of household goods when it determines that there is reason to believe that the filings do not sufficiently provide that information that may be deemed necessary for the accurate review and determination of the carrier's financial structure.

Mich. Admin. Code R. 460.19213

1984 AACS; 2018 MR 24, Eff. 12/20/2018