Test your basic knowledge |

Transportation Logistics

Instructions:

Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can study here.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. Which mode has the lowest cost per ton mile?
Water (Barge Ships) at 0.72 per ton mile. The second lowest is Rail at 2.24 cents per ton mile.
Substantially higher
Attests to authenticity and accuracy of the goods. Performs by third party independent company
FedEx - YRC - Conway - UPS - ABF

2. Who has the highest number of coal carloads?
Special Rates
Wyoming
Service levels - Frequent flyer programs - Timing of flights - In advance registration
Pricing according to cost incurred to serve - Customer covers all costs - seller sets prices to maximize profits.

3. What are the reasons for the relative decline of the US railroads after World War 2?
High price for price insensitive customers.
The trends in supply chain management called for faster and more frequent services and smaller inventories - so many shippers preferred trucks - - The newly built system of inland waterways swayed cost-conscious shippers to less expensive barge tran
Transfer of function to another country - can stay within the same company!
Commercial Invoice - Pro-Forma Invoice - Consular Invoice

4. Which economies are present in the US railroad industry?
Increased use of technology - Shorter length of haul - Growth of intermodal - Expected increase in rates due to expected capacity shortage - Convergence of LTL market with traditional integrators - Expanded menu of services - Active government lobbyi
Labor and Fuel
Continuous straight line movement - minimize intermediate handlings - maximize the full capacity of equipment - consolidation and break-bulk activities - empty mileage should be minimized - movement should be scheduled and dispatched.
Economies of scale

5. Invoices
Few carriers handle more than 25% of total shipment - service disruptions problems if cease operation.
The number of unions and the degree of their involvement in operations and labor management contributes to inefficiencies of the railroads
Commercial Invoice - Pro-Forma Invoice - Consular Invoice
Water

6. Starting from which cargo weight and movement distance does it normally make sense to ship by rail?
Highway user taxes
Far east to east coast or Europe to west coast - final destination is US port city
30 - 000 lbs and 300 miles
Maximize the utilization of equipment - increase the efficiency of equipment operations - save transit time and operational costs.

7. Three kinds of ocean carriers
A pumping station
Liner Shipping- ply fixed routes on published schedule - Tramp Shipping- charter ships - lease based on time or voyage - Private Vessels- ship registry; flags of convenience for regulations.
The closer the operating ratio is to 100 - the more indicative of the possible need to raise rates to increase total revenues
Safety regulations - Evaluating fairness of disputed charged rates - Monitoring profitability of railroads - and Mergers and acquisitions

8. What is the rationale behind passing a federal act in 1956 to create a national system of interstate highways?
563
To promote interstate commerce and strengthen the defenses of the country
Not the government - the railroads themselves
Pricing according to product value or demand - higher value of the product - the higher the transportation price (risk of loss/damage..). Third Degree price discrimination: separate price for separate groups of buyers with same service. Must posses

9. What term is related to railroad operations?
Use of low-sulfur diesel fuel - Use of biodiesel fuel - Cutting down on idling - Reducing traffic congestion
About 2 cents per dollar
Transfer of function to another country - can stay within the same company!
Switching - Piggybacking - Double-Stacking - Car-Loading - Trackage - Haulage - Drayage - Demurrage

10. What was the rationale behind passing the Staggers Act of 1980?
To promote interstate commerce and strengthen the defenses of the country
To save the railroads by giving them a chance to compete with other modes on equal footing
Maximize the operational time of equipment - fuel efficient speeds - vahicle weight should be minimized - standardized equipment - equipment should be adapted to special market and commodity requirements.
The pickup and delivery of trailers and containers in conjunction with a line-haul rail movement

11. Carrier's Operational strategies to minimize cost
Amtrak is a US government business since 1971 - created to ease the burden on private railroads by taking over money-locing passenger transportation in exchange for the right to operate Amtrak trains over their networks
Covering variable costs - volume and equipment utilization - and cash flow.
Continuous straight line movement - minimize intermediate handlings - maximize the full capacity of equipment - consolidation and break-bulk activities - empty mileage should be minimized - movement should be scheduled and dispatched.
Motor/Truck - around 69-70% - Revenue % for Rail: 5.6%

12. Trackage

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183

13. It is common for an operating ratio of motor carriers to be around these numbers...
Special Rates
90-s
Discounts: reduction from published price. Volume: TL vs LTL - Seasonal - Cash 2/10 net 30 - Geographical- FOB origin/destination - Uniform delivered pricing: zone pricing.
Motor: HH Goods - Heavy Machinery - Petroleum Products - Dump Trucking - Ag Commodities - Motor Vehicles - Retail Store Delivery

14. Skimming pricing
Connect buyer and seller- Use of outside firms (outsourcing) to provide own logistics support. Firms: Info-based... freight bill payment - auditing. Asset and operation-based: in/outbound transportation - warehousing...
High price for price insensitive customers.
Used for tax - manning - and relaxed regulation.
Slip-Seating - Bob-Tailing - Hub-And-Spoke System - Drop-and-Hook

15. Far-shoring
Completely different continent - different time zones.
Break bulk - Container service - LASH service (lighter aboard ship) - RORO service (roll on/off ship).
Commercial Invoice - Pro-Forma Invoice - Consular Invoice
Moderate

16. Price variation factors in airline service
Service levels - Frequent flyer programs - Timing of flights - In advance registration
Cash in advance - Letter of Credit - Documentary collection - Open account - TradeCard
Motor: HH Goods - Heavy Machinery - Petroleum Products - Dump Trucking - Ag Commodities - Motor Vehicles - Retail Store Delivery
Federal Railroad Administration (FRA)

17. At about what time did trucking become the predominant mode of transportation in the US by gradually surpassing the railroads in terms of tonnage and revenues?
A trucking operation that only hauls freight for the firm which owns it
A pumping station
Continuous straight line movement - minimize intermediate handlings - maximize the full capacity of equipment - consolidation and break-bulk activities - empty mileage should be minimized - movement should be scheduled and dispatched.
After World War 2

18. Social Responsibility pricing
484
Society and customer first.
Less than 25 carriers handle 75 to 80% of total freight dollar.
The competition is intense in both TL and LTL segments

19. Which government agency will investigate a major railroad accident involving public safety?
Interior Non-port cities
Moving to neighboring country - NAFTA - because the places may have close cultural affinity.
NTSB
Free on Board- Origin (seller pays shipping costs); Destination (Buyer pays).

20. What is an approximate capacity of a hopper?
100 tons
Service levels - Frequent flyer programs - Timing of flights - In advance registration
Used for tax - manning - and relaxed regulation.
The intermodal competition has increased dramatically since WW 2

21. 1 Barge ship is equivalent to how many trucks?
BNSF - CSX Transportation - Kansas City Southern Railway - Grand Truck Corporation - Norfolk Southern - Union Pacific Railroad - Soo Line Railroad
Break Bulk - Pickup and Delivery - Line Haul - Slip-Seating
58
Liner Shipping- ply fixed routes on published schedule - Tramp Shipping- charter ships - lease based on time or voyage - Private Vessels- ship registry; flags of convenience for regulations.

22. LTL terminals are used for connections with these operations...
An agreement whereby one railroad pays another for the right to operate its trains over the second carrier's track
Showed a marked decline
Commercial invoice printed on stationery of importing country's consulate and stamped by consulate.
Break Bulk - Pickup and Delivery - Line Haul - Slip-Seating

23. Factors affecting Pricing decisions
15
Economies of scope and density
Market Forces (customers) - Governmental Controls - Other channel member - Competition.
Sysco - Tyson Foods - Coca-Cola - and Walmart

24. Pooling
Used for tax - manning - and relaxed regulation.
Consolidation of shipments to different destinations within the same general area.
Amenities/Accommodations - Direct flights to destination without layovers - More personal space in flight - In flight service personnel - No frills types of service (no perks)
Discounts: reduction from published price. Volume: TL vs LTL - Seasonal - Cash 2/10 net 30 - Geographical- FOB origin/destination - Uniform delivered pricing: zone pricing.

25. Bill of Lading
A contract for transportation between a shipper and the carrier - also is a cargo receipt
Switching - Piggybacking - Double-Stacking - Car-Loading - Trackage - Haulage - Drayage - Demurrage
FedEx - YRC - Conway - UPS - ABF
Continuous straight line movement - minimize intermediate handlings - maximize the full capacity of equipment - consolidation and break-bulk activities - empty mileage should be minimized - movement should be scheduled and dispatched.

26. Outsourcing
Coal
Carloads and Ton-miles
Moving a corporations internal activities to outside providers - mainly for cheap labor
15%~13%

27. What are the LTL carriers?
FedEx - YRC - Conway - UPS - ABF
Liner Shipping- ply fixed routes on published schedule - Tramp Shipping- charter ships - lease based on time or voyage - Private Vessels- ship registry; flags of convenience for regulations.
Continuous straight line movement - minimize intermediate handlings - maximize the full capacity of equipment - consolidation and break-bulk activities - empty mileage should be minimized - movement should be scheduled and dispatched.
Switching - Piggybacking - Double-Stacking - Car-Loading - Trackage - Haulage - Drayage - Demurrage

28. Land Bridge Services
One method moves the trailer on its wheels while the other moves the container
Service levels - Frequent flyer programs - Timing of flights - In advance registration
Intermodal in character
Increased use of technology - Gradual increase in the number of smaller railroads - Increase in intermodal shipments - Sharp growth in fuel efficiency of locomotives

29. Name the types of trucking terminals
Consolidate orders for several customers and stop along the way for partial unloading.
Class 1 - Regional - Shortline - Switching and Terminal
Break bulk - Relay - Pick up - Delivery
Far east to east coast or Europe to west coast - final destination is US port city

30. What is the difference between class 1 and class 2 carriers?
About 2 cents per dollar
The number of unions and the degree of their involvement in operations and labor management contributes to inefficiencies of the railroads
An agreement whereby one railroad pays another for the right to operate its trains over the second carrier's track
(Trucking) Class 1: income > $10M - Class 2: $3M<income<$10M

31. Line of credit process

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183

32. Intermodal Transportation
FedEx - YRC - Conway - UPS - ABF
After World War 2
An agreement whereby one railroad pays a second carrier to transport its freight using the second carrier's crew and power equipment
The use of two or more modes to move a shipment from origin to destination. -Malcom McLean first move freight by truck and rail in 1950.

33. Which phrase best characterizes the level of competition in the motor carrier industry?
The use of two or more modes to move a shipment from origin to destination. -Malcom McLean first move freight by truck and rail in 1950.
Truck safety requirements - Driver hours of service - User fee charges - Reduction of pollution from trucks
1. Setting prices on new services- consider cost and market elasticity; no precedent 2. Modification of prices over time- respond to market/operating/service changes 3. Initiating and responding to price changes- impact on market share and profits.
The competition is intense in both TL and LTL segments

34. What is the primary railroad cargo out of Arkansas by tonnage?
Moving a corporations internal activities to outside providers - mainly for cheap labor
LTL vs TL - Local vs Intercity Carriers - Publicly owned vs Privately owned - Specialized vs general freight
Boxcar - Hopper Car - Covered Hopper - Flatcar - Gondola - Tank Car
Crushed stone - gravel and sand

35. Which modes have the following cost structure: Low Variable and High Fixed?
Labor and Fuel
Pipeline and Rail
Discounts: reduction from published price. Volume: TL vs LTL - Seasonal - Cash 2/10 net 30 - Geographical- FOB origin/destination - Uniform delivered pricing: zone pricing.
Moving to neighboring country - NAFTA - because the places may have close cultural affinity.

36. Flags of Convenience
Gov't aid to develop air service - Gov't funding of highways - Construction of inland waterways - Growing preference of shippers for more frequent deliveries and smaller shipments
Used for tax - manning - and relaxed regulation.
Yes
Consolidation of shipments to different destinations within the same general area.

37. What is the approximate number of railroads in the US?
Water
BNSF - CSX Transportation - Kansas City Southern Railway - Grand Truck Corporation - Norfolk Southern - Union Pacific Railroad - Soo Line Railroad
83.8%
563

38. What could be the rationale for railroad mergers?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183

39. The number of for-hire motor carriers in the US currently falls somewhere in the middle of this range...
1850-1950
Labor and Fuel
Is likely to stay and even get worse in the future
250 - 000

40. What are the revenues of the specialized and general cargo?
90-s
Specialized: $73 Billion - General: $146 Billion
Not the government - the railroads themselves
Safety regulations - Evaluating fairness of disputed charged rates - Monitoring profitability of railroads - and Mergers and acquisitions

41. Cost of Service Pricing
Use of low-sulfur diesel fuel - Use of biodiesel fuel - Cutting down on idling - Reducing traffic congestion
Sysco - Tyson Foods - Coca-Cola - and Walmart
Substantially higher
Pricing according to cost incurred to serve - Customer covers all costs - seller sets prices to maximize profits.

42. UNCTAD liner code 40-40-20
40% each to trade partners & 20% to 3rd world country to develop 3rd world ocean shipping industry - it happened to be inefficient.
Intermodal in character
Pipeline and Rail
LTL vs TL - Local vs Intercity Carriers - Publicly owned vs Privately owned - Specialized vs general freight

43. What are the highest variable costs in the railroad industry?
An agreement whereby one railroad pays a second carrier to transport its freight using the second carrier's crew and power equipment
Labor and Fuel
Use of low-sulfur diesel fuel - Use of biodiesel fuel - Cutting down on idling - Reducing traffic congestion
7%

44. FOB Origin/Destination
Free on Board- Origin (seller pays shipping costs); Destination (Buyer pays).
Coal
The number of unions and the degree of their involvement in operations and labor management contributes to inefficiencies of the railroads
anywhere between a quarter and a third of all highway travel

45. Pricing adjustment conditions
About 25 cents per dollar
Society and customer first.
Discounts: reduction from published price. Volume: TL vs LTL - Seasonal - Cash 2/10 net 30 - Geographical- FOB origin/destination - Uniform delivered pricing: zone pricing.
Break Bulk - Pickup and Delivery - Line Haul - Slip-Seating

46. Freight Revenue for Rail (per ton-mile)
Less than 25 carriers handle 75 to 80% of total freight dollar.
Maximize the utilization of equipment - increase the efficiency of equipment operations - save transit time and operational costs.
anywhere between a quarter and a third of all highway travel
About 2 cents per dollar

47. Non-vessel operating common carriers (NVOCC)
Act as a consolidator and domestic freight forwarder - inbound/outbound container arrangement
High price for price insensitive customers.
15%~13%
ton-miles

48. What are the generally accepted classifications of railroads?
One method moves the trailer on its wheels while the other moves the container
Class 1 - Regional - Shortline - Switching and Terminal
Water (Barge Ships) at 0.72 per ton mile. The second lowest is Rail at 2.24 cents per ton mile.
Motor/Truck - around 69-70% - Revenue % for Rail: 5.6%

49. Commercial Invoice
Move 1 single commodity and are non-stop to destination.
Slip-Seating - Bob-Tailing - Hub-And-Spoke System - Drop-and-Hook
1850-1950
Accompanies shipment - Bill for the goods from the seller to the buyer - Often used by government to determine the true value of goods when assessing customs duties

50. Consolidation
83.8%
Main penalty is the cost of lost of sales by holding the shipment.
Cash in advance - Letter of Credit - Documentary collection - Open account - TradeCard
Showed a marked decline

Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?

Major Subjects
Tests & Exams AP CLEP DSST GRE SAT GMAT	Certifications CISSP go to https://www.isc2.org/ PMP ITIL RHCE MCTS More...	IT Skills Android Programming Data Modeling Objective C Programming Basic Python Programming Adobe Illustrator More...	Business Skills Advertising Techniques Business Accounting Basics Business Strategy Human Resource Management Marketing Basics More...
Soft Skills Body Language People Skills Public Speaking Persuasion Job Hunting And Resumes More...	Vocabulary GRE Vocab SAT Vocab TOEFL Essential Vocab Basic English Words For All Global Words You Should Know Business English More...	Languages AP German Vocab AP Latin Vocab SAT Subject Test: French Italian Survival Norwegian Survival More...	Engineering Audio Engineering Computer Science Engineering Aerospace Engineering Chemical Engineering Structural Engineering More...
Health Sciences Basic Nursing Skills Health Science Language Fundamentals Veterinary Technology Medical Language Cardiology Clinical Surgery More...	English Grammar Fundamentals Literary And Rhetorical Vocab Elements Of Style Vocab Introduction To English Major Complete Advanced Sentences Literature Homonyms More...	Math Algebra Formulas Basic Arithmetic: Measurements Metric Conversions Geometric Properties Important Math Facts Number Sense Vocab Business Math More...	Other Major Subjects Science Economics History Law Performing-arts Cooking Logic & Reasoning Trivia

Test your basic knowledge |

Transportation Logistics

Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?

Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests

Major Subjects

Tests & Exams

Certifications

IT Skills

Business Skills

Soft Skills

Vocabulary

Languages

Engineering

Health Sciences

English

Math

Other Major Subjects

Browse all subjects

Browse all tests

Most popular tests