Transportation FINAL Part 1
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
