SCMN 3720 - Exam 3 Russell Questions and Answers Already Passed

SCMN 3720 - Exam 3 Russell Questions and Answers Already Passed What development, in the mid-19th century, affected the use of water as the primary mode of bulk transportation movement in the United States and its cities? The first particle form of long distance freight and people transportation Which other transportation mode does water primarily compete with for the movement of dry bulk commodities? Railroads Which other mode does water primarily compete with for the movement of bulk liquids? Pipeline What has caused the relative importance of water carriers in the US transportation system to decline somewhat over the past decade? Shift from manufacturing to a service-based economy, and a supply chain emphasis on speed What percentage is water projected to continue to represent of US freight ton miles? 3.7% Are the majority of water carries regulated or exempt from economic regulation and why? Exempt from regulation because they transport bulk commodities How many tractor trailers does it take to equal one 1,750 ton barge? 70 Which is, by far, the largest US Waterway based on millions of short tons hauled? Mississippi River System What are the common advantages (strengths) & disadvantages (constraints) of water relative to the other modes? Strengths: Low-cost transport service for large volumes, Relatively large carrying capacity, Fuel efficient Weaknesses: Speed of service, Vulnerable to damages, Accessibility limitations, Packaging requirements What are the primary (top 2) products transported by water carriers? Petroleum and Coal What ranking does Alabama hold in the US for the largest navigable inland waterways? 6th in the nation What are the top (#1) commodities transported on Alabama's coastal and river waters (2 answers)? Iron/Steel and Petroleum Describe the cost structure (fixed vs variable) of water carrier transportation. High variable costs, low fixed costs What percentage of US freight ton miles have pipeline typically represented? 19% What type of market structure is represented in the pipeline industry? Oligopolistic What are the primary (top 2) commodities hauled by pipelines? Oil and Oil Products, Natural Gas What are the common advantages (strengths) & disadvantages (constraints) of pipelines relative to the other modes? Strengths: Low service rates, Low loss and damage rates, Warehousing function, High delivery dependability Weaknesses: Limited responsiveness, Limited geographic flexibility, Limited variety of products, Precludes small shipments Describe the cost structure (fixed vs variable) of pipelines. High fixed, low variable Describe the pricing of pipeline transport. Rates quoted on a per-barrel basis What is the key take away of the pipelines' safety record? It's extremely reliable What major event happened to one of the largest US pipelines in 2021? The Colonial Pipeline suffered a ransomware attack that