State ex rel. Utilities Commission v. Motor Carriers' Traffic Ass'n

GRAHAM, Judge.

Just and reasonable rates for intrastate common carriers are to be determined by the Commission on the basis of the ratios of the carriers’ operating expenses to their operating revenues. G.S. 62-146 (g). (An operating ratio of 100% means that for every dollar of freight revenue received, the carrier spends a dollar in operating expenses.) A determination of intrastate operating ratios must be based on revenues and expenses incurred in North Carolina alone, and where ratios do not reflect an actual separation of intrastate and interstate revenues and expenses, a rate increase…