Transportation FINAL Part 1

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Shipments greater than how many thousand pounds require a five-axle trailer?

45000

What is the approximate max cargo weight for a tractor-trailer?

45000

What is the largest single expense item for trucking firms?

labor

Please pick the correct formula for elasticity:

% change in quantity / % change in price

If a product costs $10 to produce, the firm expects 10% margin on the cost to produce and transportation per unit costs $2, what is the least price the firm is likely to accept for the product?

$13.00

Choose all that apply: A BOL serves the following purposes

****

A "rate" is a concept relating to how transportation firms determine and impose charges for their services. Which is a distinguishing feature of this concept of a "rate"?

*****

A complete locomotive and freight train that moves "un-broken" from origin to destination, usually carrying the same commodity, is referred to as a [1] train.

*****

Select all that apply: What factors will influence a passive RFID tag readability?

*****

Select two (2) factors that are important when considering transportation to support a supply channel.

******

Carrier pricing decisions fall into three categories. The categories are setting prices for a new service, modifying prices over time, and:

********

As operating miles increase:

*********

Select all that apply: Piggyback transportation includes

-COFC -TOFC

Select all that apply: Which of the following are correct regarding a VMI arrangement?

-Inventory is owned by the customer -Inventory is generally held at the customer's location -Vendor is responsible to maintain sufficient inventory without continuous (purchase) orders

Select all that apply: Which are true statements about Electronic Data Interchange (EDI)?

-It is generic term for all information sharing between companies. -Data to support business processes in standardized to facilitate inter-company sharing. -allows 2 companies, using different software and different systems to send and accept information for a business processes.

What are the hours of service rules as of July 1, 2013?

-May drive 11 hours after 10 consecutive off duty hours within a continuous 14 hour "on duty" period -Within the 14 hours consecutive on duty time, must take a 30 minute break after driving 8 consecutive hours -Driver may not drive after 60 (or 70) hours on duty in any 7 (or 8) consecutive days, and must take a 34 hour break to restart the clock.

Select all that apply: What are the hours of service rules as of July 1, 2013?

-May drive 11 hours after 10 consecutive off duty hours within a continuous 14 hour "on duty" period -Within the 14 hours consecutive on duty time, must take a 30 minute break after driving 8 consecutive hours -Driver may not drive after 60 (or 70) hours on duty in any 7 (or 8) consecutive days, and must take a 34 hour break to restart the clock.

Select all that apply: Based on the "bar code basics" pdf from Cognex, which bar code symbologies are primarily logistics related?

-PDF417 -MaxiCode -Code 128

Select all that apply: Which of the following are correct statements regarding a "merge in transit" arrangement?

-Possible reduced shipping cost to the consignors -Fewer inbound trucks at the consignee location -Can cause freight costs to increase if poorly managed -Requires coordination of multiple consignors

Select all that apply: What are the basic RFID tag storage options?

-Read Only -Write Once - Read Many -Writeable

Select all that apply: Which of the following can be considered as a "shipper"?

-Surface freight forwarder -Air freight forwarder

What are the 5 factors that must be considered in a supply chain logistics "systems" approach?

-Transportation -Inventory -Warehousing -Information Exchange -Customer Service

In general, cost of service pricing is the [1] and value of service pricing is the [2] for a rate.

-floor -ceiling

Select all that apply: Vendor Managed Inventory (VMI) focuses on replenishment while CPFR focuses on:

-forecasting -planning -replenishment

Select all that apply: Which of the following are correct regarding a vendor managed inventory (VMI) system?

-inventory is managed at the customer's location by the vendor -vendors are held accountable for having the correct inventory at a customer's location -customer's own the inventory at their location

Select all that apply: Pipelines may carry which of the following commodities?

-oil -coal -natural gas -chemicals

NMFC RATES are based on what 2 factors?

-product classification -weight

Choose all that apply: National Motor Freight (NMF) CLASSIFICATIONS are based on:

-product density -stowability -handling difficulty -liability

Select all that apply: The General Agreement on Tariffs and Trade (GATT) was designed to:

-promote international trade through lower duties (import taxes) -Prevent discrimination between domestic (local) and foreign companies

Select all that apply: A rail road's fixed costs include

-right of way -terminals -equipment (rail car and locomotives)

Select all that apply: The following information can be found on a BOL

-shipment origin and destination (names and addresses) -carrier designation/name -description of cargo/goods -shipment weights and measurements -freight rate/classification

Select all that apply: A 3PL can provide services including

-warehousing -inbound transportation -Outbound transportation -freight bill payment and auditing

How many tons of cargo can a barge carry (approximately)

1,500 - 3,000

Order the following transportation management consideration starting with the most strategic to the most detailed operational decision.

1. Network 2. Network Design 3. Mode/Carrier Selection 4. Service Negotiation 5.Service Evaluation 6. Movement and dock Decisions

36,000# equals how many CWT ?

360

The average rail car carries approximately how many tons of cargo?

100

Straight / Box Truck

12-25 feet; Cargo and power unit combined in one vehicle

Explain the Sherman Anti-Trust Act of 1890.

1st law to prohibit trusts, which allow monopolies

Select all that apply: Standard sizes for sea going containers (in feet) include

20 40

Containerships are built specifically for the purpose of moving:

20 and 40 feet containers

When contracting LTL services, a shipper should seek a discount of ________ off of the published rates

25% - 75%

A "pup" trailer is how many feet long?

28

What type of trailer is typically hooked together in twos and/or threes?

28 foot

Trailers (as in tractor trailers) come in what typical standard lengths.

28, 40, 45, 48, 53,

Based upon Lardner's Law, if transportation cost is cut in half, how much does the relevant market area increase?

400%

As of January 2015, a "Panamax" container ship can carry a maximum of approximately _________ TEUs

5000

Looking at your profit and loss statement you note that you have operating expenses of $10M and operating revenue of $14M, what is your operating ratio?

71.41 10 mil/14mil convert to %

11. Maximum legal gross weight of a tractor trailer is typically ______ and typical maximum cargo weight is _________

80,000 40000- 45000

For the majority of states, what is the maximum GVW for a motor carrier?

80000

Approximately how many hours would you estimate it would take to drive a tractor-trailer from Greenville,NC to Knoxville, TN (approximately 450 miles via I-40) ?

9.5

Explain the term "ton mile".

A combined measure of moving 1 ton 1 mile

Railroad per unit costs decline as traffic increases. What is the reason for this cost behavior?

A large proportion of fixed costs in the cost structure

Define "Port Authority" and explain what it means/does.

A state of local government that owns, operates a otherwise provides terminal investment parts. maintains the shipment of goods in a certain region

With respect to transportation, define the term "tariff".

A system of prices, or rates, according to which payment is collected for transportation. Transportation tariffs are divided into freight and passenger categories.

A risk mitigation strategy should produce an action plan that identifies/includes all of the following except:

A way to get rid of the risk completely

What is one of the strengths of an Asset Based 3PL?

Ability to provide direct and immediate solutions

Which statement about the "key" difference between a "passive" and "active" carrier in a "cold supply chain" is correct?

Active carriers will utilize a cooling technology to maintain temperature

Type of BOL: BOL for an air shipment.

Airway Bill

Select the functions of a Serial Shipping Container Code (SSCC) facilitated by the GTIN

All answers -acts as a license plate to track a shipment of logistics units through the supply chain -uniquely identifies trade items (products and services) -is formatted on Code 128 symbology -facilitates Advanced Shipping Notices (ASN) -provides a communication standard allowing multiple companies the ability to track a shipment

Flatbed

An open trailer that cargo is placed upon and secured - open to the elements

What are "user charges"?

Assessments or fees charged by public bodies against carriers

The "X" dimension on a bar code is

Both of the above. (The width of the smallest (black) bar. & The width of the smallest (white) space.)

Explain the difference between a "PUD" and "Break Bulk" terminal

Break Bulk- intermediate terminal that combines freight from 1 PUD terminal with one that has same destination

Buyer or Seller: Who assumes title and bears risk of transportation for a BOL with FOB Origin?

Buyer

Buyer or Seller: Who is ultimately responsible for the cost of transportation if the BOL states "Charged Back" with FOB Origin, Prepaid?

Buyer

Buyer or Seller: Who pays the carrier for a "collect" shipment?

Buyer

Consignee is the

Buyer

What is the "green house" gas emitted by the transportation industry? How is it referred to in measurement systems?

CO2- Carbon Dioxide, carbon footprint

Looking at exports and imports combined who is the U.S.'s largest trading partner?

Canada

States generally (CAN or CANNOT) impose stricter regulation than that imposed on the transportation mode at the federal level if they would impact interstate commerce.

Cannot

Which best describes a "freight bill"?

Carrier invoice.

What is the second step in transportation planning?

Carrier selection

Explain the Clayton Act of 1914

Clarified Sherman antitrust act

Managing a shipping contract for an outsourced transportation provider requires...

Clearly defined and mutually understood performance metrics

Match the following components of freight service to their definition: Reliability

Consistency of transit time.

Companies may smartly outsource all of the following except:

Core capabilities

What factor(s) must a TMS consider in order to optimize a transportation lane / route?

Cost and time Both (a) and (b).

Select all that apply: Route optimization and scheduling systems seek to find ...

Cost efficient delivery sequence for loads. Truck utilization.

Which statement best explains why RFID has not been widely implemented in commercial product supply chains?

Cost prohibitive

Which of the following is not one of the four steps in the risk management process?

Cost the risk mitigation

CBP

Custom Border Patrol

Select all that apply: A motor carrier's variable costs include:

labor maintenance fuel user fees

This step in establishing and sustaining a 3PL relationship involves determining your area of core competency and how a 3PL may form a strategic fit with you.

Decision to form relationship

Which of the follow is something INCOTERMs will not do:

Define contractual rights

A truck breakdown can be characterized as what type of risk?

Delivery delay

What type of 3PL originated from the public or contract warehousing business?

Distribution based

Which type of INCOTERM is used when the importer takes full responsibility from the point of departure?

E

Which of the following is not a risk management option?

Elimination of all risk

Discuss why some countries feel that freight transportation modes should be nationalized rather than under owned by private enterprise.

With nationalization there is the advantage that services can be provided that could not under private ownership and that capital can be attracted at favorable rates

Inland Port

not directly connected to a sea

What are three types of "user charges"

Existence charge Unit charge Relative use

True or False: A "returnable shipping container" is the same thing as a "container" measured with TEU.

False

True or False: RFID and GPS provide the same functionality.

False

True or False: Vendor managed inventory (VMI) is the same thing as consigned inventory.

False

True or False: When used as a service metric for transportation services, the term "on-time delivery" is always clearly understood.

False

True or false: All bar codes have alpha-numeric coding capability.

False

True or false: In a "point to point" transportation network, traffic should flow from any node to any node, regardless of volume.

False

With respect to a tractor/trailer: what is a "fifth wheel" and "king pin"?

Fifth Wheel- Link between semi-trailor and tow truck, king pin is in the middle of fifth wheel to couple it

Which of the following is not a packaging concern for shipping by ocean?

Fire

What group of 3PLs do not own equipment, they instead arrange transportation services?

Forwarder based

Which technology or technologies are able to maintain real-time shipment location in a tracking system?

GPS

What was the primary reason for the creation of the U.S. interstate road way system?

defense

Select all that apply: Which factors are required to all a TMS to "rate shop and tender loads"?

Have access to various rate tables. Have current accessorial charges for different carriers. Store multiple vendor masters for transportation companies.

Purchased software is installed at a remote site.

Hosted System

User buys software from a publisher/vendor.

Hosted System

Match the following components of freight service to their definition: Time

How long freight is in the shipping mode (transit time).

Explain the difference between "intra-state" and "inter-state" commerce.

Inter- between states, intra- in one state

Which barcode symbology is typically used for distribution & warehousing applications?

Interleaved 2 of 5

What is the ICC? When and why was it created? When was it eliminated?

Interstate Commerce Commission- purpose was to prevent monopolies of commodities, big companies started to own the railing industry, late 1880 to 1995. Was eliminated to allow free movement of goods.

What is the significance of "off duty time in the sleeper berth"?

It is used as time to rest between hours. Time spent in the sleeper berth does not count as driving time

Which statement below is correct?

LTL has higher fixed and variable cost that TL carriers

Select all that apply. Which of the following would be considered variable costs for a motor carrier?

Labor (drivers) User Fees Fuel

Which of the following is not a concern with a non-asset based 3PL?

Lack of flexibility

LTL

Less than truckload- 15,000-20,000# 24 hour period is needed to pick up, collect and sort, linehaul, deliver/sort, and ultimate delivery

Sea port

Logistic hub of water, rail, motor

Largest US Port

Long Beach, Ca

MIDTERM

MIDTERM

According to the CSCMP text book, which method of software architecture is becoming the most common for a TMS?

Software as a Service (SaaS)

Buyer purchases software by the "user" or "seat."

Software as a Service (SaaS)

Which statement best describes a Transportation Management System (TMS)?

Manages internal processes to select carriers, rate freight, and manage relevant paper work for a shipment.

Weighted Out

Maximum weight of container without maxing out space

A cooperative system that unites multiple small shipments from various suppliers, at a single consolidation warehouse, all heading to a single destination, is referred to as...

Merge-in-Transit

Which of the following is not one of the export preparation activities?

Mode Selection

The acronym [1] is for the agreement that established rules to ease trade restrictions between the US, Mexico, and Canada.

NAFTA

Does minimization of transportation costs represent an optimal supply chain logistics solution?

NO

Refer / Reefer

Nickname for a "refrigerator" truck, i.e. temperature controlled

What observation can you make regarding the numbering of US interstates?

Odd numbers run north to south and are numbered east to west. Even numbers run east to west and are numbered south to north.

Software vendor owns software and partitions it for users to "rent" partitions.

Software as a Service (SaaS)

Typically web or HTML based software.

Software as a Service (SaaS)

Type of BOL: Transfer ownership of the good to anyone was has possesion of the BOL

Order BOL

Type of BOL:Has the same meaning as "To Order BOL"

Order BOL

The largest container ship that can transit through the Panama Canal is referred to as

Panamax

Match the following components of freight service to their definition: Security

Prevention of loss or damage to freight.

Explain the Robinson - Patman Act of 1936.

Prohibits anti-competitive practices by producers, specifically price discrimination

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Select the two correct answers: The term "demmurage" is the essentially the same as "detention" but refers to which types of transporation modes?

Rail Water

Federal Mairtime Commission FMC

Rates, Practices, Agreements, Services INTERNATIONAL Water Carriers and Domestic US carriers operating outside the continent

What is the final step in risk management?

Reviewing and monitoring

The major cost element borne by the railroad industry is the:

Rights of way

The ________ are independent agencies charged with implementing the laws regulating transportation. (use the initials of the agencies)

STB and FMC *****

Buyer or Seller: Who is ultimately responsible for the cost of transportation if the BOL states "allowed" with FOB Destination?

Seller

Which of the following is considered the top customer challenge in dealing with a 3PL?

Service level commitment not realized

This strategic challenge involves determining the extent to which the company will rely on a 3PL?

Service requirements

Consignor is the

Shipper

Explain the term "expediting" as it refers to the transportation industry.

Shipping an order depending on its order for specific fast circumstances

Type of BOL: Has no monetary value but confers ownership of the goods while in transit

Straight BOL

The Department of Homeland Security is charged with ensuring the safety of the transportation system. Programs are administered through:

TSA - Transportation Security Administration- responsible for implementing regulations to protect the safety of passengers using the U>S> airline industry CBP- Customs and border protect of CG - Coast Guard

What is a "pro number"?

Used by carriers to organize and track the progress of each shipment- put on Bill of Lading

Define the term: Logistics

That part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information from the point of origin to the point of consumption I order to meet customers requirements

What is the purpose of "Shipping Conference"?

The Conferences sets rates for the member carriers

Match the following components of freight service to their definition: Capacity

The ability of the carrier's equipment to securely handle/store/transport the freight.

Match the following components of freight service to their definition: Accessibility

The ability to move freight from point to point; can the carrier physically get to both.

What is the status of competition within the motor carrier industry?

The industry is highly competitive with competition between all carriers as well as with firms such as United Parcel Service and FedEx

What is the current status on Mexican owned truck transporting freight in the US?

They are able to enter to deliver and pick up but cannot stay and set up shop here

What is the term for an external supplier that performs all or part of an organization's logistics services?

Third party logistics service provider (3PL)

components of freight service

Time Reliability Accessibility Capacity Security

The rear axle on a trailer is movable. Explain why

To accommodate different containers

What was the goal of the wave of deregulation at the end of the 20th century?

To make sure monopolies were not formed.

What are the obligations of a "common carrier"?

To serve any customer in any market

What type of 3PL traces their origin to freight movement via truck, rail, or other?

Transportation based

Seagoing vessels shipping from California to Hawaii must comply to the Jones Act, also known as [1] laws.

cabotage

3PLs are typically categorized based upon their foundational service offering such as:

Transportation, Distribution, and Forwarder

TL

Truck load 15,000-50,000#

What is one of the service characteristics of the trucking industry?

Trucks have a speed advantage for shipments less than 500 miles

True or false: A BOL is a "document of title" for the goods in shipment?

True

The acronym TEU stands for

Twenty Foot Equivalent Unit

The bar code used in North America retail POS applications is

UPC-A

What is the primary, i.e. first, segregation/division between motor carriers?

Volume: LTL and Truckload

An NVOCC is:

a company which assembles and disperses small shipments and moves these shipments in containers.

Being designated with "Most Favored Nation" (MFN) status means that...

a country will pay the same import duties as all other countries with MFN

What is a Maquiladora plant?

a manufacturing facility in Mexico where products can be assembled and returned to the U.S. without duty being paid

A Ro-Ro ship is:

a type of ship where vehicles can be driven on and off

Price is a concept relating to how post-deregulation transportation firm, determine and impose charges for their services. Which is a distinguishing feature of this concept of price?

a value or level that is determined based on prevailing market forces

Name and explain the 3 types of LTL terminals?

a.Consolidation- Combines different shipments into one b.Break Bulk- takes a drop off and disperses it with different trucks c.Relay- switches off drivers

Select all that apply: With respect to an individual transportation company, the term "tarriff" is documentation that includes

accessorial charges carrier's rates

Select all that apply: Which transportation modes will typically use a "hub and spoke" network?

air rail motor

What is a liner ship?

an ocean going ship that travels a fixed route on a published schedule

Match the following cargo classifications with their definitions: Containerized Cargo

any type of cargo that is loaded within a standard shipping unit

There are two separate concepts in Cost of Service pricing. They are:

average cost and marginal cost

What is the "green house" gas produced by the transportation industry?

carbon DIOXIDE

The basic unit of measurement for railroad freight handling is known as the:

carload

What does most of the of the trucking industry consists of?

carriers operating 6 or fewer trucks

States can regulate what type of motor carrier commerce?

certain safety issues that do not create an undue burden on interstate commerce

Existence charge

charge related to the existence of some tangible item, getting charged for it no matter what happens

Select all that apply: What type of information is standard on a UPC-A bar code?

check digit manufacturer code / company prefix product / item number

What does the term "milk run" mean in transportation?

circular route to pick up / drop off freight

A key strategy that has enabled companies to successfully meet the demands of empowered consumers is:

collaboration

What is a CDL and how has it helped the transportation industry?

commercial driver's license-A way for commercial driver to be properly monitored by FMCA for safety and proper vehicle handling

The basic types of rates are class, exception and:

commodity

Reliability in transportation is defined as:

consistency of transit time

The goal of an optimal network design is to minimize [1] while meeting the needs of customer.

cost

When a tractor trailer fills up but isn't at it's maximum cargo weight, it is said to be ____ _____

cubed out

What is the term used to describe a tractor-trailer traveling empty on a return trip?

dead head

What term is used to describe the charge issued by a motor carrier if a company delays them too long for loading or unloading?

detention

What term describes local transportation around a port or terminal to transfer freight from the primary mode to a temporary holding area or final destination.

drayage

Unit charge

fee for use of a facility or resource

Gondola

flat bottom four sides, empty by tilt or belt extractor

Tank car

for shipping liquids

There are several types of truck terminals. Which one is NOT part of the ones used by LTL carriers?

fuel terminals

Relative use

gets paid according to the investment of cost incurred by the agency to provide the service

Where does funding for highways come from?

highway user taxes

A charter ship is:

hired for a specific voyage or amount of time.

"CWT" is an abbreviation for

hundred weight

One key reason for increasing importance of transportation from a supply chain perspective is:

increased emphasis on global collaborative relationships and outsourcing

Which of the following is considered a transportation supply trend?

increased use of third party services

What term is used to describe transportation using more than 1 type of mode?

intermodal

The demand for freight:

is a derived demand based demand for products

What is the federal government's policy toward transportation?

is composite of laws, rules, funding programs and regulatory agencies

Which best characterizes the short-run cost structure of the railroads?

large proportion of indirect fixed costs

Select 2 factors that are added together to create a "total landed cost".

logistics cost product price

Cubed Out

maximum volume of container with out meeting

Optimized logistics implies that customer service requirements are met while the cost of transportation and logistics is ...

minimized

Railroads are:

more energy efficient than most other modes

The term "detention" refers to a charge by which type of carrier for taking too long to load or unload cargo (creating excessive idle time for the carrier)?

motor

A land bridge is a type of transportation used to:

move marine containers by rail in substitution for all water routings

Define the terms "head/front haul"

movement of goods to a customer,

"There are _____ economies of scale in the full truckload industry."

no major

Flat car

no sides mostly for military and machinery

Match the following cargo classifications with their definitions: Break-Bulk Cargo

non-containerized, unitized cargo individually loaded on ship; includes parallelized cargo

What is the difference between TOFC and COFC service?

one method moves the trailer/chassis combination and the other moves only the "box" or the container

The Jones Act is a form of cabotage laws, which means...

only US flag vessels may transport cargo between two US ports

Operating Expense / Operating Revenue is known as a trucking company's [1] ratio.

operating

freight broker-

organizes how something is getting somewhere

For a domestic shipment, a consignee has the most control over shipping logistics using the terms of sale: FOB-

origin

Service Transportation Board, STB

originally just for RR, but now deals with economic controls for all modes except those covered by the FMC. Economic controls for everything not controlled by the FMC. - Rail - Motor - Motor Freight Brokers (not regulated as a carrier, not liable) - Water Carriers - Freight Forwarder (regulated as a carrier and liable for damage) -Pipelines

Using the CSCMP definition, logistics is defined as "that part of supply chain management that [1], [2], and [3] the efficient, effective forward and reverse flows of...."

plans implements controls

Under transportation regulation, the amount found in a Tariff as payment to a carrier for performing a given transport service is called a:

rate

The acronym OS&D stands for [1], [2], and [3].

over Short damaged

A delivery/pick-up route that involves multiple stops that originates and ends at the same point is referred to as a ....

pedal and stem run

Name two factors that need to be considered when considering transportation in a sales channel?

place and time utility

What is the key aspect used by a "Monte Carlo" simulation?

probability distribution

Choose all that apply: LTL class rates, based on the National Motor Freight Classification, are based on

product density stowability handling difficulty liability

A profit-maximizing oriented carrier will not set a price in the long-run that would:

prohibit the movement of freight or passengers.

Give 2 examples of how you can generate 100 ton miles of transportation demand.

rail motor

Select all that apply: The Surface Transportation Board (STB) has economic regulatory control over

rail motor domestic water carriers

Value of service pricing is based on the concept which states:

rates should be related to value of the commodity, the higher to cost of the commodity the higher the rate should be

Within a manufacturing company practicing a "Just In Time" inventory system, what aspect of transportation becomes paramount?

reliability

Define the terms ""back haul".

return trip from customer location by motor carrier or cargo ship.

6. Define the terms "dead head".

return trip from customer location with out freight

The STB considers that _______ takes precedent over economical/efficient service.

saftey

What are the advantages of using "pup" trailers?

saves multiple handling of cargo and time Can be put in small places or lined up with other trailers, quicker to load

Buyer or Seller: Who assumes title and bears risk of transportation for a BOL with FOB Destination?

seller

Buyer or Seller: Who pays the carrier for a "pre-paid" shipment?

seller

What is the purpose of the International Air Transport Association?

set rates for member carriers

A BOL is a contract between a

shipper and carrier

Hopper car

sloped floor leading to a discharge trapped at the bottom

What term is used for a "market rate offered for a specific service on a specific transaction", i.e. a "one time" rate?

spot rate

Boxcar

standard four sides, roof and sliding doors - the "hobo" car

Name the three responses to complete the CSCMP definition of logistics: "The part of supply chain management that ... the efficient, effective forward and reverse flows of [1], [2], and [3] from the point of origin to the point of consumption..."

storage of goods services related information

Select all that apply: Which of these are responsible for cargo insurance/loss?

surface (freight) forwarder air freight forwarder

Complete the following formula by defining the missing term: Gross Weight - _______ = Net Weight

tare

What is one of the strengths of the railroad industry?

that the railroads have large carrying capacity

Federal Energy Regulatory Commission FERC

the FERC is not an independent regulatory commission that reports to Congress, as it the STB or FMC. Rather, it is a semi-independent regulatory commission that reports to the Department of Energy. - Oil & Natural Gas Pipelines - Rates & Practices

Carrier "accessibility" means

the ability to move freight from point to point

The term "consignee" refers to

the company buying/receiving the cargo

Why are detention charges needed in the supply chain?

the longer a trailer sets the more money that is lost. this can deter delays in moving goods.

Using the "value of service" concept, a carrier's "price" (or what the shipper is actually charged) is determined by

the market for transportation services

Three necessary conditions must be met before a seller can practice third-degree price discrimination. The conditions are: buyers must be separated into groups or submarkets according to their elasticities of demand, the seller must possess some degree of monopoly power, and

the seller must prevent transfer of sales between the groups or submarkets.

What is the best justification for a national transportation policy?

the significance of transportation to commerce and defense

Why do retailers now have the power in the supply chain?

they represent the consumer

Select the 2 types of "utility" that transportation creates

time place

Types of ton measurements

ton 2000# Metric ton 2204# Short ton 2000# long ton 2240#

How do you calculate a ton mile?

tons*miles=ton mile

Dry Van

truck that is fully enclosed to "keep out the rain"; no climate control

Match the following cargo classifications with their definitions: Bulk Cargo

unpackaged, poured of dropped into a ship's hold; may include some palatalized/boxed material

The firm is in a decreasing cost industry, and its prices are based upon strict marginal costs. The firm experiences a loss. In this case, for the firm to recover its fixed costs, it must use marginal cost as a floor for its prices, and:

use the value of service to determine how high above marginal cost the price should be set.

In general, variable costs change with increase or decrease in [1]

volume

In a "lean" manufacturing environment, inventory is regarded as [1], which serves to increase the importance of transportation and logistics management.

waste

The term "stevedore" refers to a laborer engaged in loading / unloading which mode of transportation?

water

Choose all that apply: Air cargo pricing is dependent upon cargo

weight cubic dimension

Value of service pricing is best defined as:

what the traffic will bear

LTL carriers must make the same type of equipment decisions as TL along with deciding:

where to deploy their equipment

A break bulk ship:

would require that shipments be crated for handling


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