Question 1

Describe some of the strengths of the rail industry.

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Question 2

The major cost element borne by the railroad industry is the:

Accepted Answer

A)  Rolling Stock 
B)  Fuel costs 
C)  Rights of way 
D)  Insurance

Question 3

Name the top 4 commodities transported by railroads.

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Question 4

Briefly explain the factors that led to the erosion of Rail dominance in 1920 and 1930.

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Question 5

What is the standard track gauge in the U.S?

Accepted Answer

A)  5 Feet 
B)  6 Foot 2 Inches 
C)  4 Foot 8.5 Inches 
D)  4 Foot 10 Inches

Question 6

Intermodal traffic expanded by _____ from 1980 to 2012.

Accepted Answer

A)  100 percent 
B)  365 percent 
C)  319 percent 
D)  300 percent

Question 7

Discuss the legislative reform which has occurred since 1973.How did each new law impact the railroad industry? You need not include the legislation which started Amtrak.

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Question 8

Rail is considered an oligopolistic market structure because:

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Question 9

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.

Question 10

Rails to Trails Conservancy has created how many miles of hiking trails?

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Exam 6: Railroads