LSCM 4560 Test 2

Intra-modal competition within the pipeline industry can be characterized as:

low

What are the standard lengths for international intermodal containers?

20 and 40 feet

What is a roadrailer

A bi-modal trailer capable of operating on road and rail

Railroads have an inherent advantage in:

Capability

Railroads move more tonnage of this Commodity than any other

Coal

Pipelines have been responsible for the shift of petroleum transportation from which mode?

Coastal Water

Interstate oil and natural gas pipelines are classified as which of the following for purposes of economic regulation?

Common Carriers

Which form of intermodal transport represents the largest percentage of volume transported in the US?

Containers

A key factor contributing to the growth and acceptance of pipelines as a primary transporter of petroleum products was:

German U-boat attacks of oil tankers during WWII

The operating ratio is a key measure of how efficiently a transportation company operates. For railroads, the operating ratio is typically:

In the high 60s to mid 70s

Intermodal competition for water carriers can be characterized as:

Intense competition exists as water carriers primarily compete with pipelines and rail and to a limited degree with motor carriers.

The largest variable cost for railroads is:

Labor

The intramodal competitive situation for railroads can be characterized as:

Limited. The authors suggest the market structure is oligopolistic due to the limited number of carriers.

The individual credited with launching the intermodal revolution in transportation was:

Malcolm McLean

Which of the following provides an example of a land bridge?

Moving containers from Asia to Europe, across America by rail

Domestic water carriers primarily move bulk commodities. Which commodity accounts for the largest proportion of the tonnage moved by domestic water carriers?

Petroleum

Which of the following modes is not suited to support intermodal freight movements?

Pipeline

This type of pipeline is used to move petroleum from refiniers to distrubution tank farms

Product

Domestic water carriers primarily compete with which of the following modes?

Rail and Pipeline

U.S. Class 1 Railroads are line haul freight railroads with 2014 operating revenue of $475.75 million or more. How many Class 1 railroads operate in the US:

Seven

This legislation largely deregulated the railroads

Staggers Act

Which act transferred economic rail regulation to the Surface Transportation Board?

The ICC Termination Act of 1995

Pipelines are operated by

Third party operators or limited liability partnerships

Container volumes are reported in TEUs. A TEU refers to a:

Transportable equivalent unit

Many routing problems relay on the use of heuristics. A heuristic is:

a technique to obtain an approximate (good enough) solution to a problem

Domestic water carriers operating over the principle US rivers-Mississippi, Ohio, Tennessee, Columbia, and Hudson-are likely to use which of the following equipment?

barges

Public aid is given to the water carriers in the form of waterway construction, development and maintenance. How do the water carriers repay the government for the aid recieved?

by paying user charges in the form of lock fees and fuel taxes

Domestic water carriers specialize in the movement of

commodities moved in bulk and large quantities

For a Class 1 railroad, what is the major source of competition?

intermodal carriers

The trend in miles of track coverage operated by Class 1 railroads has been:

to gradually decrease over time as the Class 1 railroads have focused on moving big trains over long distances with few stops in between