SCMN 3720 test 2 Strickland Questions and Answers Already Passed

SCMN 3720 test 2 Strickland Questions and Answers Already Passed How many people are employed in the U.S. motor carrier industry in 2014? 7.3 million people 2) How many for hire interstate motor carriers were on file with the DOT in 2015? 586,014 True or false: less than truck load motor carriers do not need terminals. false: TL carriers may not need them, but LTL carriers must have them 4) What is the minimum capital needed to form a TL motor carrier? $5k - $10k True or false: labor and fuel are the highest proportion of fixed costs for TL motor carriers . false" labor and fuel are variable cost What is the normal operating ratio for TL motor carriers? high 80's to low 90's What is the normal operating ratio for LTL motor carriers? 93 - 98% When did the US Railroad industry get its start? 1830's in Maryland True or false: the airline industry faces intense competition from other modes of transportation for passenger movement. false: faces intense intramodal competition only Class I railroads generate about what % of RR revenue? 94% Most common type of freight car in the RR industry? covered hopper True or false: the operating costs per hour for a typical passenger plane is proportional to the number of passengers on the plane? False: it costs relatively little to add passengers to fill up the empty seats Which two transportation modes have a high proportion of fixed costs? railroad and pipeline How many people did the U.S. airline industry employ in 2014? 589,151 What % of the operating costs for airlines are fixed costs? approx. 20% What is the primary advantage of the air mode transportation? speed (airport to airport) Which was the first of the 5 modes of transportation used in what is now the U.S.? water 18) How many vessel operators were in service in the domestic for hire water carrier industry in 2011? 584 What type of entity owns and operates water ports? local and state governments that charge user fees to offset their costs True or false: the basic costs structure of water carriers consists of low variable costs and relatively high fixed costs. False: high variable costs and low fixed costs Pipelines accounted for approx. what % of the total U.S ton-miles of freight in 2015? 19% Natural gas pipelines represent approx. what % of the domestic ton-miles of freight? 7% how many class I RR operate in the U.S.? 7 True or false: the load factor for an airline is the operating expense divided by the operating revenue X 100. = 100 false: Load factor = Which company was #1 air freight ton-miles in the U.S.? FedEx What commodity was #1 in the number of rail car loads in the U.S. in 2015? coal True or false: the highest share or freight moved through the U.S. waterway system in 2014 was petroleum products at 39% of the total. true