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| Transportation plays a critical role in both materials management and physical distribution |
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| Logistics expenditure accounts for more than __15%_% of nations total GDP now. |
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| The common carrier concept implies that the carrier must...provide service without discrimination even for the goods not properly packaged. |
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| The trend in the supply of transportation demand is ____an increased use of internal transportation function instead of third party outsourcing. |
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| The close the opertating ratio is to 100, the more indicative of the possible need to raise price function instead of third party out.sourcing |
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| When airlines raise the fare, people often switch to their private vehicle to travel short distance. this a good example of service elasticity. |
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| Landed cost is equivalent to production cost plus total delivered cost to the market. |
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| The Granger Law is the first federal government's effort to regulate transportation industry. |
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| The Generally it is more difficult to enter LTL industry market than it is to enter TL industry. |
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| The current federal independent regulatory body is Interstate Commerce Commission (ICC) |
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| the home flag carrier promaotiin if designed to support national flag carrriers when they compete against foreign airlines in serving overseas routes. |
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| US shipebuilding industry may ask federal gov't to provide construction differential subsidy when they build ocean going ships in the foreign country |
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| Trucking industry accountrs for the largest share of freight ton-miles |
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Definition
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| There exists more than 500,000 companies int he trucking industry and the industry is mainly dominated by small size companies. |
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| The first regulation in transportation started at the state government level. |
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| The accessibility of truck is much higher than air or water because of less right-of-way restrictions. |
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Definition
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| Compared to TL, LTL offers less capital contraints to entry |
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Definition
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| The gross weight of tractor and trailer combination allowed in the most of state highway is 50,000 |
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| Trucking industry is characterized by high fixed costs and lower variable costs. |
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| the ability of transportation provider to move freight between a specific origin and a destination. |
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| Geographical specialization |
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Definition
| using transportation to haul materials and components to and from places where products can be most efficiently produced. |
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| the use of US flagged vessels to have exclusive right to carry shipments whose origin and destination port is in the US |
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| the demand for freight transportation is |
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| First organization authorized the federal government to regulate intestate transportation |
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Definition
| the interstate commerce commission (ICC) |
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Term
| Transportation demand decreases inlarger proportion than an increase in price. This is... |
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| The measurement of units of freight and passenger transportation are explained by.. |
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Definition
| ton/passenger miles units |
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| Trends in the transportation industry... |
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Definition
user cost for international transportation declining.
more discretionary travel because of increasing fuel cost.
increased use of 3PL's
Increased use of technology. |
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