The full truck carrier market (over the road trucking) is characterized by which of the following market characteristics. Choose one answer.

a. Monopolistic b. Oligopoly c. Fragmented or Pure Competition d. A and B are both happening e. Both A and C are happening

When determining your transportation strategy, choosing a private trucking fleet is an option. What are some of the benefits associated with having private trucking. Choose all that apply.

a. You can choose which shipments to prioritize b. You have less liability with private trucking c. You can decrease the amount of capital you need to invest d. You have lower overall transportation costs with a private fleet e. Establishing a private trucking fleet is relatively simple to implement

When freight costs decrease in a market, what is expected to happen to overall demand for products on those lanes? Just choose one answer.

a. Increase in product demand at a percentage similar to the increase in freight rates b. No meaningful change in product demand should be expected c. Decrease in product demand as clearly that market must be un-attractive d. Demand must be close to zero if costs are going down e. None of the above

Competition for Railroad freight for a cross-country shipment generally comes from which other mode of transportation? Choose one answer.

a. Full truck load carriers b. Pipelines c. Air Freight d. Ocean Freight e. None of the Above

When considering Railroad freight for your shipments, you generally would use Railroad when the following realities are present. Choose one.

a. The goods you are shipping are very fragile and valuable b. The goods you are shipping are very durable c. The goods you are shipping need to arrive on a very specific date d. The goods you are shipping need to arrive ASAP e. None of the above

If you need to consider shipping goods by air freight, what are some conditions that would support to the decision to use air freight? Choose all that apply.

a. You need the items to arrive at a specific time b. The distance is 1,000 miles and the delivery date is 7 days from now c. The goods are high value and lower in volume d. The freight is bulky, but very durable e. You are very concerned about reducing your transportation cost

Truckload carriers, pipelines and ocean freight can all be used to ship liquids and the amount of upfront cost to expand capacity is similar.

a. The first statement is true but the second statement is false b. The first statement is false but the second statement is true c. Both statements are false d. Both statements are true

If you are asked to expedite freight to a customer to get it to them next day and a normal truckload shipment just wont make it on time, what are some potential solutions you could consider? Choose all that apply.

a. Consider a relay delivery with a truck b. Send it air freight c. Put it on a railroad carrier d. Use a sleeper team with a truck e. Use a water carrier if they are near water

Which of the following actions would generally result in increasing your overall transportation costs? Choose one answer.

a. Shift from truckload carrier to airfreight b. Shift from truckload carrier to railroad shipments c. Enter into a volume guarantee contract with a truckload carrier for consistent volume d. A and B e. B and C

Ocean freight is typically characterized by (choose all that apply):

a. Long transit time and low on-time performance b. The barriers to entry are low, so we have many new companies starting up c. Market is characterized as an oligopoly d. Has no risks to delivery once the freight is loaded on the ship e. All of the above