In Class Quiz Questions and Answers

In Class Quiz Questions and Answers What development led to the steady replacement of motor carriers for railroads over the last several decades? Development of the interstate highway The most severe competition for for-hire trucking firm is Private motor carriers Deregulation of the motor carriers in 1980 led to expansion in the number of truckload carriers. The Federal Motor Carrier Safety Administration currently as how many registered interstate motor carriers? More than 400,000 Due to intense competition, motor carriers attempt to differentiate themselves in the marketplace. The use of differentiated service offerings can be characterized as what type of market structure? Monopolistic competition The most widely used measure of a carrier's operating efficiency is the operating ratio Motor carriers possess an inherent advantage in Accessibility These carriers consolidate numerous smaller shipments for line-haul movement for disaggregation (break-bulk) at the destination for delivery in smaller quantities Less-than-truckload carriers Of the carriers registered with the Federal Motor Carrier Safety Administration, the majority operate: 6 or fewer trucks You have been asked to route two trucks to serve in a specific area. You wish to develop routes that minimize the number of miles traveled. Based on the heuristics presented in the supplemental reading, you would select which of the following: Savings This routing model is relatively simple but provides fair results for routing a single vehicle through a network of customers - each customer having to be visited: Closest next You would probably use this vehicle routing technique when attempting to route multiple vehicles with a space or weight constraint: Ray Sweep The reading addresses multiple heuristics and routing principles. One that should be used when a distant, or outlier, customer that must be served is: outsourcing You are routing a truck that is picking up and delivering shipments on the same route. As a result you should: mix pick-ups and deliveries together When you have completed a route for a delivery vehicle the route should: form a tear drop shape Railroads have been historically promoted through the use of: land grants Which of the following partially deregulated the railroads? Staggers Act Railroads have an inherent advantage in: capability The cost structure for railroads can be best described as: high fixes costs due to infrastructure ownership We would expect that railroads are the dominant movers of: bulk commodities The majority of freight rail cars in the United States are owned by: Car companies (lease) and private shippers We can characterize intramodal competition for rail carriers as: low as most areas are served by only a single railroad The number of Class 1 railroads serving the United States is: 7 Railroads move what percentage of the intercity ton-miles? 27% This type of freight accounts for the largest proportion of freight revenues for Class 1 railroads: intermodal How many Class 1 railroads operate in Texas? 3 The largest Class 1 railroad in the US based on freight revenue is: BNSF The largest single cost for the railroads is: labor Intramodal competition for air cargo carriers can be described as: Intense due to overcapacity in the industry A key operating and service disadvantage for air carriers is: accessibility Air carriers have a cost structure: similar to motor carriers due to the high proportion of variable costs The primary means air carriers compete with each other on service is through: timing and frequency of flights Air carriers move approximately what percent of the intercity ton-miles? 1% Economies of density exist for an air carrier when: a carrier has a significant front and back-haul volumes for an origin-destination pair Domestic water carrier compete primarily with which other modes of transportation: pipeline and rail Domestic water carriers move more of this commodity than any other petroleum products Domestic water carriers have a cost structure where: the cost structure is similar to motor carriers with roughly 85% of the costs being variable and only 15% being fixed Which type of water carrier dominates the for-hire segment of the domestic water industry? exempt Domestic water carriers are often classified by the type of waterway served. Those carriers service Mississippi, Ohio, Tennessee, Columbia, and Hudson rivers would be classified as: inland carriers Supreme Court decision in the Champlin Oil Case resulted in: pipelines operating as common carriers if shipper demand exists The very first pipelines in the United States were: used to transport crude oil from wells (oil fields) to trains operated by the Pennsylvania Railroad Long distance movements by large diameter pipelines are referred to as: trunk line moves Pipelines can produce economies of scale through the use of larger diameter pipelines The most significant intermodal competitor pipelines is: domestic water