Question 1

How much did total U.S.transportation freight volume increase between 2002 and 2006?
A) 5%
B) 35%
C) 13%
D) 8%

Accepted Answer

Between 2002 and 2006, the total U.S. transportation freight volume increased by 13%.

Question 2

As fuel prices increased during 2008,what percentage of operating cost did fuel become for water carriers?
A) 10%
B) 25%
C) 80%
D) 60%

Accepted Answer

D

Question 3

Spending on necessary highway improvement is underfunded how much?
A) 2/3
B) 1/3
C) 1/2
D) 1/4

Accepted Answer

The correct answer is 2/3, indicating that two-thirds of the necessary funding for highway improvements is lacking.

Question 4

The most important aspect of collaboration is sharing:
A) Costs
B) Risk
C) Information
D) Customers

Accepted Answer

The most important aspect of collaboration is sharing information as it allows for teams to work together effectively and efficiently. Sharing costs and risks can also be important in certain collaborations, but without sharing information, progress can be hindered or even derailed. Sharing customers is not a necessary aspect of most collaborations.

Question 5

How much time is spent in traffic per year by U.S.residents?
A) 420 Million hours
B) 1 Billion hours
C) 4.2 Billion hours
D) 4.2 Million hours

Accepted Answer

According to a 2019 report by INRIX, U.S. residents spent a total of 4.2 billion hours in traffic in that year.

Question 6

Most locks and waterways are well past their designed life span,what was that original life span estimate?
A) 25 years
B) 100 years
C) 75 years
D) 50 years

Accepted Answer

The original life span estimate for most locks and waterways was 50 years.

Question 7

How much is required by the Highway Trust Fund to maintain existing construction projects per year?
A) Between $1 and $2 billion
B) Between $1 and $2 million
C) Between $5 and $7 billion
D) Between $8 and $9 billion

Accepted Answer

According to the Congressional Budget Office, the Highway Trust Fund requires between $5 and $7 billion per year to maintain existing construction projects.

Question 8

What is the median on-time delivery percentage of a best-in-class firm?
A) 92%
B) 94%
C) 95%
D) 98%

Accepted Answer

According to industry benchmarks and research, best-in-class firms have a median on-time delivery percentage of 95%.

Question 9

What percentage of U.S.global freight (by weight)is moved through water gateways?
A) 35%
B) 45%
C) 80%
D) 95%

Accepted Answer

According to the U.S. Department of Transportation, approximately 80% of U.S. global freight, by weight, is moved through water gateways such as ports and inland waterways.

Question 10

How much did rates for moving crude through pipeline increase during the 2003 to 2006 period?
A) 8%
B) 22%
C) 32%
D) 45%

Accepted Answer

Based on the information given in the paragraph, rates for moving crude through pipelines increased from $3.23 to $3.95 per barrel, which is an increase of approximately 22%. Therefore, the correct answer is B) 22%.

Question 11

What causes profits to increase for rail carriers as fuel prices increased?
A) Constrained capacity and efficiency
B) Use of bulk purchases
C) reduction of container on flatcar
D) reduction of trailer on flatcar

Accepted Answer

As fuel prices increase, rail carriers may face constrained capacity as more shippers turn to rail transportation instead of trucks, leading to increased demand for rail services. To meet this demand, rail carriers can increase their efficiency by reducing transit times, optimizing routes, and implementing technology to improve operations, allowing them to operate more trains and generate higher profits.

Question 12

What is the expected Railroad budget shortfall for expansion over the next 20 years?
A) $20B
B) $28B
C) $30B
D) $53B

Accepted Answer

According to the American Association of State Highway and Transportation Officials, the expected railroad budget shortfall for expansion over the next 20 years is $53 billion.

Question 13

How much more fuel does the airline industry use in comparison to the motor carrier industry?
A) The airlines use 3 times more fuel
B) The airlines use 2 times more fuel
C) Actually the motor carrier industry uses three time more fuel than the airlines
D) The airlines use the same amount of fuel as the airlines.

Accepted Answer

The motor carrier industry uses significantly more fuel than the airline industry, approximately three times more, due to the larger number of vehicles and the nature of road transportation.

Question 14

How much money is expected to be required in 2020 to maintain the highways?
A) About $100 billion
B) About $135 billion
C) About $180 billion
D) About $160 billion

Accepted Answer

The answer of How much money is expected to be...

Question 15

How much carbon dioxide is produced by the consumption of 1 gallon of fuel?
A) 6.6 pounds
B) 12 pounds
C) 14 pounds
D) 22 pounds

Accepted Answer

The answer of How much carbon dioxide is produced by...

Question 16

What percentage of vessel traffic using federal and state locks experience delays?
A) 45%
B) 31%
C) 62%
D) 12%

Accepted Answer

According to the U.S. Army Corps of Engineers, approximately 31% of vessel traffic using federal and state locks experience delays.

Question 17

How much is required annually to update and modernize port facilities?
A) $700 million
B) $1.2 billion
C) $1.7 billion
D) $2.4 billion

Accepted Answer

According to the American Society of Civil Engineers, it is estimated that $1.7 billion is required annually to update and modernize port facilities.

Question 18

Which mode is the most intensive user of fuel?
A) Truck
B) Air
C) Rail
D) Water

Accepted Answer

Air travel is known to be the most fuel-intensive mode of transportation. The high speed and altitude at which airplanes operate require a significant amount of energy to overcome air resistance and maintain lift. Additionally, the high-tech materials and engineering required to build and maintain airplanes also contribute to their high fuel consumption.

Question 19

What is the primary response of carriers when dealing with fuel price increases?
A) Increase rates per pound of cargo
B) Use of fuel surcharges
C) Reduction of capacity
D) Increasing capacity

Accepted Answer

The primary response of carriers when dealing with fuel price increases is the use of fuel surcharges. This allows the carrier to recover some of the increased costs without permanently raising prices per pound of cargo or reducing capacity.

Question 20

How much more do "laggard" firms spend on fuel (as a percentage of sales)when compared to best in class firms?
A) 1.4 times
B) 2.3 times
C) 0.8 times
D) 3.0 times

Accepted Answer

Laggard firms spend 1.4 times more on fuel (as a percentage of sales) when compared to best in class firms.

Quiz 14: Issues and Challenges of Global Supply Chains

How much did total U.S.transportation freight volume increase between 2002 and 2006?

As fuel prices increased during 2008,what percentage of operating cost did fuel become for water carriers?

Spending on necessary highway improvement is underfunded how much?

The most important aspect of collaboration is sharing:

How much time is spent in traffic per year by U.S.residents?

Most locks and waterways are well past their designed life span,what was that original life span estimate?

How much is required by the Highway Trust Fund to maintain existing construction projects per year?

What is the median on-time delivery percentage of a best-in-class firm?

What percentage of U.S.global freight (by weight) is moved through water gateways?

How much did rates for moving crude through pipeline increase during the 2003 to 2006 period?

What causes profits to increase for rail carriers as fuel prices increased?

What is the expected Railroad budget shortfall for expansion over the next 20 years?

How much more fuel does the airline industry use in comparison to the motor carrier industry?

How much money is expected to be required in 2020 to maintain the highways?

How much carbon dioxide is produced by the consumption of 1 gallon of fuel?

What percentage of vessel traffic using federal and state locks experience delays?

How much is required annually to update and modernize port facilities?

Which mode is the most intensive user of fuel?

What is the primary response of carriers when dealing with fuel price increases?

How much more do "laggard" firms spend on fuel (as a percentage of sales) when compared to best in class firms?