Question 1

What is a Private Carrier?

Accepted Answer

A)  a trucking firm whose stock is not listed on any of the stock exchanges 
B)  a trucking firm whose name does not appear on the equipment 
C)  a trucking operation that only hauls freight for the firm which owns it 
D)  a trucking firm that is not registered with the FMCSA 
A)  a trucking firm whose stock is not listed on any of the stock exchanges 
B)  a trucking firm whose name does not appear on the equipment 
C)  a trucking operation that only hauls freight for the firm which owns it 
D)  a trucking firm that is not registered with the FMCSA C

Question 2

What is the largest single expense item for trucking firms?

Accepted Answer

A)  Fuel and taxes 
B)  Equipment purchases and maintenance 
C)  Labor 
D)  Insurance and management salaries 
A)  Fuel and taxes 
B)  Equipment purchases and maintenance 
C)  Labor 
D)  Insurance and management salaries C

Question 3

What is the reason that the Truck Load market can be considered as monopolistic competition?

Accepted Answer

With the low entrance to market requirements (i.e., capital), individuals can easily obtain equipment and begin operation within a specific geographic region.

Question 4

Private carriers tend to have greater:

Accepted Answer

A)  Control and flexibility 
B)  Fixed costs 
C)  Labor rates 
D)  Assets 
A)  Control and flexibility 
B)  Fixed costs 
C)  Labor rates 
D)  Assets

Question 5

Why are there so many motor carriers, particularly in the Truck Load sector?

Accepted Answer

The motor carrier industry consists of a

Question 6

What do motor carriers haul primarily?

Accepted Answer

A)  paper and allied products 
B)  Grain 
C)  coal and ore 
D)  various manufactured commodity categories 
A)  paper and allied products 
B)  Grain 
C)  coal and ore 
D)  various manufactured commodity categories

Question 7

What is one of the primary reasons for the growth of trucking after World War II?

Accepted Answer

A)  Trucks became larger and faster 
B)  Shippers liked the door to door service which trucks could provide 
C)  The Interstate Highway System was constructed which allowed trucks to give faster service over longer distances. 
D)  The railroads gave up on truck type freight and stopped seeking it. 
A)  Trucks became larger and faster 
B)  Shippers liked the door to door service which trucks could provide 
C)  The Interstate Highway System was constructed which allowed trucks to give faster service over longer distances. 
D)  The railroads gave up on truck type freight and stopped seeking it.

Question 8

What is the primary division between motor carriers?

Accepted Answer

A)  Local and long haul 
B)  LTL and Truckload 
C)  Intrastate and interstate 
D)  For hire and private 
A)  Local and long haul 
B)  LTL and Truckload 
C)  Intrastate and interstate 
D)  For hire and private

Question 9

There are at least three types of terminals. Name two.

Accepted Answer

PUD, break

Question 10

Do motor carriers experience economies of scale?

Accepted Answer

Generally they do not. Trailer sizes are

Question 11

Explain the difference between for- hire and a private carriers.

Accepted Answer

A for -hire carrier holds itse

Question 12

The requirements for a truck driver's license are defined by:

Accepted Answer

A)  Federal Motor Carrier Safety Administration 
B)  National Highway Traffic Safety Board 
C)  Federal Highway Administration 
D)  The driver's home state 
A)  Federal Motor Carrier Safety Administration 
B)  National Highway Traffic Safety Board 
C)  Federal Highway Administration 
D)  The driver's home state

Question 13

What is one of the service characteristics of the trucking industry?

Accepted Answer

A)  Trucks are built to fit on existing highways 
B)  Trucks have a speed advantage for shipments less than 500 miles 
C)  Truck rates are cheaper than rail or air 
D)  Trucks are easier to load than rail cars 
A)  Trucks are built to fit on existing highways 
B)  Trucks have a speed advantage for shipments less than 500 miles 
C)  Truck rates are cheaper than rail or air 
D)  Trucks are easier to load than rail cars

Question 14

The Federal Highway Trust Fund pays for what percentage of construction cost on the interstate highway system?

Accepted Answer

A)  25% 
B)  100% 
C)  90% 
D)  None 
A)  25% 
B)  100% 
C)  90% 
D)  None

Question 15

What type of trailer can be coupled in twos and threes?

Accepted Answer

A)  53 foot 
B)  48 foot 
C)  28 foot 
D)  no trailer can be hooked in a series of three 
A)  53 foot 
B)  48 foot 
C)  28 foot 
D)  no trailer can be hooked in a series of three

Question 16

What is the operating ratio, how is computed and what does it measure?

Accepted Answer

The operating ratio is a measurement of

Question 17

"There are _____ economies of scale in the trucking industry."

Accepted Answer

A)  Significant 
B)  no major 
C)  management driven opportunities for 
D)  some government suggested 
A)  Significant 
B)  no major 
C)  management driven opportunities for 
D)  some government suggested

Question 18

What does most of the trucking industry consist of?

Accepted Answer

A)  carriers operating 6 or fewer trucks 
B)  private trucking 
C)  LTL carriers 
D)  specialized carriers 
A)  carriers operating 6 or fewer trucks 
B)  private trucking 
C)  LTL carriers 
D)  specialized carriers

Question 19

There are several general service characteristics which favor the trucking industry. Name and discuss at least three.

Accepted Answer

The primary advantage is accessibility s

Question 20

Discuss the current method of funding for highways and include your opinion as the fairness as it relates to the trucking industry.

Accepted Answer

Highway users, trucks and automobiles, p

What is a Private Carrier?

What is the largest single expense item for trucking firms?

What is the reason that the Truck Load market can be considered as monopolistic competition?

Private carriers tend to have greater:

Why are there so many motor carriers, particularly in the Truck Load sector?

What do motor carriers haul primarily?

What is one of the primary reasons for the growth of trucking after World War II?

What is the primary division between motor carriers?

There are at least three types of terminals. Name two.

Do motor carriers experience economies of scale?

Explain the difference between for- hire and a private carriers.

The requirements for a truck driver's license are defined by:

What is one of the service characteristics of the trucking industry?

The Federal Highway Trust Fund pays for what percentage of construction cost on the interstate highway system?

What type of trailer can be coupled in twos and threes?

What is the operating ratio, how is computed and what does it measure?

"There are _____ economies of scale in the trucking industry."

What does most of the trucking industry consist of?

There are several general service characteristics which favor the trucking industry. Name and discuss at least three.

Discuss the current method of funding for highways and include your opinion as the fairness as it relates to the trucking industry.

Global Supply Chains the Role and Importance of Transportation

Transportation and the Economy

Transportation Technology and Systems

Costing and Pricing for Transportation

Railroads

Airlines

Water Carriers and Pipelines

Third Party Logistics

Transportation Risk Management

Global Transportation Management

Governmental Roles in Transportation

Issues and Challenges for Global Supply Chains

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Exam 5: Motor Carriers

What is a Private Carrier?

What is the largest single expense item for trucking firms?

What is the reason that the Truck Load market can be considered as monopolistic competition?

Private carriers tend to have greater:

Why are there so many motor carriers, particularly in the Truck Load sector?

What do motor carriers haul primarily?

What is one of the primary reasons for the growth of trucking after World War II?

What is the primary division between motor carriers?

There are at least three types of terminals. Name two.

Do motor carriers experience economies of scale?

Explain the difference between for- hire and a private carriers.

The requirements for a truck driver's license are defined by:

What is one of the service characteristics of the trucking industry?

The Federal Highway Trust Fund pays for what percentage of construction cost on the interstate highway system?

What type of trailer can be coupled in twos and threes?

What is the operating ratio, how is computed and what does it measure?

"There are _____ economies of scale in the trucking industry."

What does most of the trucking industry consist of?

There are several general service characteristics which favor the trucking industry. Name and discuss at least three.

Discuss the current method of funding for highways and include your opinion as the fairness as it relates to the trucking industry.

Global Supply Chains the Role and Importance of Transportation

Transportation and the Economy

Transportation Technology and Systems

Costing and Pricing for Transportation

Railroads

Airlines

Water Carriers and Pipelines

Third Party Logistics

Transportation Risk Management

Global Transportation Management

Governmental Roles in Transportation

Issues and Challenges for Global Supply Chains

Filters