Question 1

Which best characterizes the short-run cost structure of the railroads?

Accepted Answer

A)  low variable costs, high direct separable costs 
B)  low fixed costs, low variable costs 
C)  low joint costs, high separable costs 
D)  large proportion of indirect fixed costs 
A)  low variable costs, high direct separable costs 
B)  low fixed costs, low variable costs 
C)  low joint costs, high separable costs 
D)  large proportion of indirect fixed costs D

Question 2

The railroads dominate the market for:

Accepted Answer

A)  hauling 30,000 pounds or more over 300 miles. 
B)  hauling 60,000 pounds or less than 100 miles. 
C)  oversize and over-dimension shipments. 
D)  coal and chemicals. 
A)  hauling 30,000 pounds or more over 300 miles. 
B)  hauling 60,000 pounds or less than 100 miles. 
C)  oversize and over-dimension shipments. 
D)  coal and chemicals. A

Question 3

The railroads can claim a number of service advantages,such as a large carrying capacity,assumption of liability for shipments,and an increased use of technology.However,there are also a number of disadvantages. Please describe the rail disadvantages.

Accepted Answer

Rail service is constrained by fixed right-of-ways. The rail network is thus not as extensive as the roads. The constrained right of way limits the degree of service completeness.It is impossible to provide door-to-door service unless both shipper and receiver have rail sidings.In many cases,the movement of goods must be completed by another mode of transportation such as truck.Declines in total track mileage make the railroad industry less service complete and more dependent on other modes of transportation for movement completion.
The rail system provides a nationwide network of service.However,carriers are regionally located and tend to be able to complete national shipments through interchange between carriers.The multiple handling of shipments creates delivery delays,as well as a higher incidence of loss and damage.Rail is primarily a long-haul mode,making it difficult to provide cost-effective short-haul service.However,in the future the goal is to expand service into short-haul markets and selected lanes.

Question 4

Railroad carloadings have declined since 1900.What is the primary reason for the decline?

Accepted Answer

A)  competition by foreign transportation 
B)  fuel efficient smaller cars 
C)  reduction in line trackage 
D)  larger cars and increasing car productivity 
A)  competition by foreign transportation 
B)  fuel efficient smaller cars 
C)  reduction in line trackage 
D)  larger cars and increasing car productivity

Question 5

Discuss the current use of technology in the railroad industry.

Accepted Answer

To become more efficient and consequentl

Question 6

Intramodel competition is:

Accepted Answer

A)  the joint use of trucks and railroads to serve common customers 
B)  trucking companies underbidding other modes to secure business 
C)  various modes seeking to gain market share from other modes 
D)  a government sponsored activity 
A)  the joint use of trucks and railroads to serve common customers 
B)  trucking companies underbidding other modes to secure business 
C)  various modes seeking to gain market share from other modes 
D)  a government sponsored activity

Question 7

Which is a major reason for the decline in the number of rail companies?

Accepted Answer

A)  mergers and unification occurring in the railroad industry 
B)  government restrictions on rail ownership 
C)  loss of business to other modes 
D)  desire of management to invest in other areas of business 
A)  mergers and unification occurring in the railroad industry 
B)  government restrictions on rail ownership 
C)  loss of business to other modes 
D)  desire of management to invest in other areas of business

Question 8

Which bill,under consideration in the Senate,would make the first changes to rail's competitive structure since 1980?

Accepted Answer

A)  S. 186 
B)  S. 146 
C)  S. 168 
D)  Staggers Rail Act 
A)  S. 186 
B)  S. 146 
C)  S. 168 
D)  Staggers Rail Act

Question 9

The demand for freight:

Accepted Answer

A)  originates when the carrier asks for the business 
B)  starts when the shipper calls the railroad to provide equipment to move a shipment 
C)  is a derived demand based demand for products 
D)  is based upon government quotas 
A)  originates when the carrier asks for the business 
B)  starts when the shipper calls the railroad to provide equipment to move a shipment 
C)  is a derived demand based demand for products 
D)  is based upon government quotas

Question 10

Rail is considered ologpolistic market structure because:

Accepted Answer

There are a small nu

Question 11

During 2006,railroads carried what percentage of all intercity ton miles moved?

Accepted Answer

A)  47.1 percent 
B)  39.4 percent 
C)  43.0 percent 
D)  50.2 percent 
A)  47.1 percent 
B)  39.4 percent 
C)  43.0 percent 
D)  50.2 percent

Question 12

Intermodal expanded by _____ from 1980 to 2007.

Accepted Answer

A)  100 percent 
B)  365 percent 
C)  484 percent 
D)  300 percent 
A)  100 percent 
B)  365 percent 
C)  484 percent 
D)  300 percent

Question 13

What are mergers called that eliminate duplicate rail lines?

Accepted Answer

The answer of What are mergers called that eliminate duplicate...

Question 14

The railroad's short run cost structure consists of a large proportion of indirect fixed costs resulting from the mode's investment in long-lived assets.Explain the fixed elements of the mode's cost structure.

Accepted Answer

The major cost element is the operation,

Question 15

Describe some of the strengths of the rail industry.

Accepted Answer

The key strengths of the rail industry a

Question 16

Railroads are:

Accepted Answer

A)  more energy efficient than most other modes 
B)  more likely to haul energy producing materials than other modes 
C)  not as energy efficient as most other modes 
D)  buying more energy efficient locomotives 
A)  more energy efficient than most other modes 
B)  more likely to haul energy producing materials than other modes 
C)  not as energy efficient as most other modes 
D)  buying more energy efficient locomotives

Question 17

As of 2007 what was the return on investment in the rail industry?

Accepted Answer

The answer of As of 2007 what was the return...

Question 18

Abandonments have reduced the total track mileage by 50 percent since 1929.Why did these abandonments occur? What have been at least two outgrowths of this abandonment trend? Does any government agency oversee railroad abandonments?

Accepted Answer

Overexpansion couple with a decline in r

Question 19

What is a "unit train" and what are the advantages and disadvantages of unit trains?

Accepted Answer

The unit train is a train that specializ

Question 20

One of the benefits of a railroad mergers is:

Accepted Answer

A)  there are fewer grade crossings 
B)  lees frequent interchanges between companies means faster service 
C)  cities and towns get back land once used for railroads 
D)  The STB does not have as many companies to regulate. 
A)  there are fewer grade crossings 
B)  lees frequent interchanges between companies means faster service 
C)  cities and towns get back land once used for railroads 
D)  The STB does not have as many companies to regulate.

Which best characterizes the short-run cost structure of the railroads?

The railroads dominate the market for:

The railroads can claim a number of service advantages,such as a large carrying capacity,assumption of liability for shipments,and an increased use of technology.However,there are also a number of disadvantages. Please describe the rail disadvantages.

Railroad carloadings have declined since 1900.What is the primary reason for the decline?

Discuss the current use of technology in the railroad industry.

Intramodel competition is:

Which is a major reason for the decline in the number of rail companies?

Which bill,under consideration in the Senate,would make the first changes to rail's competitive structure since 1980?

The demand for freight:

Rail is considered ologpolistic market structure because:

During 2006,railroads carried what percentage of all intercity ton miles moved?

Intermodal expanded by _____ from 1980 to 2007.

What are mergers called that eliminate duplicate rail lines?

The railroad's short run cost structure consists of a large proportion of indirect fixed costs resulting from the mode's investment in long-lived assets.Explain the fixed elements of the mode's cost structure.

Describe some of the strengths of the rail industry.

Railroads are:

As of 2007 what was the return on investment in the rail industry?

Abandonments have reduced the total track mileage by 50 percent since 1929.Why did these abandonments occur? What have been at least two outgrowths of this abandonment trend? Does any government agency oversee railroad abandonments?

What is a "unit train" and what are the advantages and disadvantages of unit trains?

One of the benefits of a railroad mergers is:

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Transportation: The Critical Link in the Economy

Transportation Regulation and Public Policy

Costing and Pricing in Transportation

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Exam 6: Railroads

Which best characterizes the short-run cost structure of the railroads?

The railroads dominate the market for:

The railroads can claim a number of service advantages,such as a large carrying capacity,assumption of liability for shipments,and an increased use of technology.However,there are also a number of disadvantages. Please describe the rail disadvantages.

Railroad carloadings have declined since 1900.What is the primary reason for the decline?

Discuss the current use of technology in the railroad industry.

Intramodel competition is:

Which is a major reason for the decline in the number of rail companies?

Which bill,under consideration in the Senate,would make the first changes to rail's competitive structure since 1980?

The demand for freight:

Rail is considered ologpolistic market structure because:

During 2006,railroads carried what percentage of all intercity ton miles moved?

Intermodal expanded by _____ from 1980 to 2007.

What are mergers called that eliminate duplicate rail lines?

The railroad's short run cost structure consists of a large proportion of indirect fixed costs resulting from the mode's investment in long-lived assets.Explain the fixed elements of the mode's cost structure.

Describe some of the strengths of the rail industry.

Railroads are:

As of 2007 what was the return on investment in the rail industry?

Abandonments have reduced the total track mileage by 50 percent since 1929.Why did these abandonments occur? What have been at least two outgrowths of this abandonment trend? Does any government agency oversee railroad abandonments?

What is a "unit train" and what are the advantages and disadvantages of unit trains?

One of the benefits of a railroad mergers is:

Transportation: Critical Link in the Supply Chain

Transportation: The Critical Link in the Economy

Transportation Regulation and Public Policy

Costing and Pricing in Transportation

Motor Carriers

Airlines

Water Carriers and Pipelines

Transportation Risk Management

Global Transportation Planning

Global Transportation Execution

Third Party Logistics

Private Transportation and Fleet Management

Issues and Challenges of Global Supply Chains

Filters