AND CORRECT ANSWERS
Class 1 Railroads ✅✅ANSW-Operating revenues: $900M annually
Minimum 6k miles of track
Operate in 44 states + DC
140k miles of track
19.3B freight tons ('20)
1 Ton of Freight = 500 MPG
Class 1 Railroad Companies ✅✅ANSW-BNSF (Burlington Northern-Santa Fe)
UP (Union Pacific)
KCS (Kansas City Southern, smallest)
NS (Norfolk-Southern)
CSX
CN (Canadian National)
CP (Canadian Pacific - acquired KCS '21)
Rail Transportation ✅✅ANSW--Cost-effective
-Energy-efficient
-Moves large loads & huge quantities
-Constrained by accessibility, on-time delivery, frequency of service, noise, and congestion
Rail Border Challenges ✅✅ANSW-Different regulations
Different safety requirements
Physically different equipment
Monopolistic on their routes
Road Transportation ✅✅ANSW-Most visible form of transport
Most flexible
Road reach nearly everywhere
, Exceptions: remote locations like Alaska, Siberia
Roads Characteristics ✅✅ANSW-Created and maintained by governments
Typically used for higher-value, lower volume, and time-sensitive cargo
Road Transport Challenges ✅✅ANSW-Cross-border transport increased with USMCA
Laws and safety regulations impact cross-border transport
Social and environmental impacts are a concern in developed countries
Legal Classification of Carriers ✅✅ANSW-For-hire
Common
Contract
Exempt
Private
Different levels of economic regulation apply to different carriers
Types of Carriers ✅✅ANSW--Common carriers: serve the general public
-Contract carriers: offer specialized service to customers on a contractual basis
-Exempt carriers: exempted from economic regulation due to legislation
-Private carriers: primary business is not transportation, provide own transportation service, exempt
from economic regulation
Pipelines ✅✅ANSW-Most efficient mode of transport for suitable commodities
Constrained by network
Custom built for application (Product, Customer/Customer Set)
Generally offer only one-way service
Cost-effective
Environmentally friendly (mostly)
Capsule transport: pneumatic capsules loaded with cargo
Air Transportation ✅✅ANSW-Most expensive