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What is the role of trade terms in global transportation? Briefly describe and explain the four groups of Incoterms. How are air cargo rates calculated?

What is the role of trade terms in global transportation? Briefly describe and explain the four groups of Incoterms. How are air cargo rates calculated? Calculate the cost of international air transportation for the following shipment: 200 cartons of fine jewelry weighing a total of 2,500 pounds. The carton dimensions are 18 inches by 12 inches by 12 inches (L \times W \times H). The freight rate is $10.25 per pound. When developing transportation routes for global freight, what considerations should influence the decision maker? We have all experienced highway congestion and bumper-to-bumper traffic, but congestion is a huge issue for supply chains and transport service providers. Why? The U.S. Environmental Protection Agency has implemented the Smart Way Transport Program. Discuss the nature and role of the program. DO you think it will be effective? Why or why not? Fuel prices have been very volatile during the last five years. What factors have contributed to this volatility? Why is it such a special challenge to supply chains? How can it be fixed?

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