§ 8-2.1-22-21 — Reasonableness of rates and charges; considerations

Indiana § 8-2.1-22-21

• Jurisdiction: Indiana
• Art. 2.1: MOTOR CARRIER REGULATION
• Ch. 22: Transportation of Passengers and Household Goods

Text

(a) In the exercise of its power to prescribe
just and reasonable rates, fares, and charges for the transportation of
passengers or household goods by common carriers by motor vehicle,
and related classifications, regulations, and practices, the department
shall give due consideration, among other factors, to:
(1) the inherent advantages of transportation by those carriers;
(2) the effect of rates upon the movement of traffic by the carrier
or carriers for which the rates are prescribed;
(3) the need, in the public interest, of adequate and efficient
transportation service by such carriers at the lowest cost
consistent with the furnishing of service; and
(4) the need of revenues sufficient to enable such carriers under
honest, economical, and efficient management to provide service.
(b) In determining the reasonableness of fares, rates, and charges of
motor carriers of passengers or household goods, the department shall
determine that the revenue is sufficient to cover the cost (including all
operating expenses, depreciation accruals, rents, and taxes of every
kind) of providing adequate transportation service and reasonable
profit to the carrier. The relation of carrier expenses to carrier revenues
may be considered the proper test of a reasonable profit.

Legislative History

As added by P.L.99-1989, SEC.13. Amended by P.L.110-1995, SEC.17.