Michigan Administrative Code › Department - State Police › Traffic Safety Division › Motor Carriers › Part 12 - RATES AND TARIFFS › Section R. 460.19201 - Definitions

Current through Vol. 24-12, July 15, 2024
Rule 1201. As used in this part:
(a) "Agent" means a person or corporation
				  duly authorized by a carrier to publish rates and provisions for that carrier's
				  account in tariffs published in the name of the agent.
(b) "Aggregate" means the net rate or charge
				  increases or decreases of the carrier filing the proposed rate change within
				  the year since the effective date of the proposed rate.
(c) "Amendment" means any change to a tariff,
				  including additions or cancellations.
(d) "Capital structure ratio" means the sum
				  of a carrier's debt due after 1 year divided by shareholder's equity plus the
				  debt due after 1 year.
(e) "Cost
				  evidence" means those financial schedules, statements, and reports which are
				  submitted to the department in supportive justification of a proposed rate
				  increase or decrease.
(f) "Current
				  ratio" means current assets divided by current liabilities.
(g) "Expense ratio" means the sum of expenses
				  plus interest on long-term debt divided by revenue.
(h) "Expenses" means those financial charges
				  or costs incurred for hire upon the public highways of, and between points
				  within this state.
(i) "Financial
				  schedules, statements, and reports" means evidence presented in the form of
				  charts, balance sheets, ledgers, graphs, tables, computer printouts, or
				  narrative account that serves to illustrate, explain, justify, and identify the
				  revenues and expenditures realized by a particular motor carrier
				  operation.
(j) "Fixed or constant
				  costs" means those costs that do not change as a result of changes in the
				  volume of business.
(k)
				  "Foreseeable future cost" means a new cost, an increase or decrease in
				  wage-related costs, a non-labor expense, or a cost attributable to fuel and
				  fuel-related expenses. These costs shall not be merely speculative, but shall
				  have a high probability of occurring within a period of time not longer than 6
				  months from the effective date of the rate proposal to which foreseeable future
				  costs are applied.
(l) "Fully
				  allocated costs" means total costs, including variable costs plus an allocation
				  of fixed costs.
(m) "Item" means a
				  tariff provision of any kind bearing an item number designation.
(n) "Labor expenses" means charges or costs
				  incurred by a motor carrier enterprise in payment for all wages and expenses
				  incidental to employment.
(o)
				  "Long-term debt" means debt due after 1 year.
(p) "Loose-leaf tariff" means a tariff, not a
				  bound tariff, consisting of loose-leaf pages.
(q) "Operating ratio" means the quotient of a
				  carrier's operating expenses divided by its operating revenues.
(r) "Post" refers to the maintenance of a
				  file of tariffs which the public may inspect.
(s) "Predatory rate" means a rate that is
				  below or in excess of its fully allocated cost. Fully allocated costs are total
				  costs, including variable costs plus an allocation of fixed costs.
(t) "Producer price index" means the producer
				  price index of industrial commodities, less fuels and related products and
				  power, as published by and available from the United States Department of
				  Labor, Bureau of Labor Statistics, Washington, D.C. 20212.
(u) "Rate proposal" means a formal request
				  made to establish a rate or rule before publication in a tariff to be filed
				  with the department.
(v) "Return on
				  transportation investment" means that formula used to determine the amount of
				  income a carrier is receiving as compared to the carrier's
				  investment.
(w) "Revenue need"
				  means the demonstrated need of a motor carrier of household goods for a change
				  in rates.
(x) "Statutory notice"
				  means 30 days' notice or 45 days' notice, as the case may be, as set forth in
				  the act.
(y) "Supplement" means a
				  publication, indicated as a supplement, consisting of a single sheet, or 2 or
				  more sheets bound at the left edge in pamphlet or book form, issued to amend or
				  cancel the tariff.
(z) "Tariff"
				  means a publication containing 1 or more rates, charges, rules, regulations, or
				  other provisions, or any combination thereof, of 1 or more motor carriers of
				  household goods, together with its supplements or loose-leaf page amendments
				  thereto, if any.
(aa) "Tariff
				  identification designation" means an approved consecutive number system used to
				  identify tariffs filed with the department.
(bb) "Variable costs" means those
				  business-related costs that vary with changes in the volume of
				  business.