In the future, how is the heterogeneity of products on a given truckload expected to change?

• It is not expected to change.

• It is expected to increase.

• It is expected to decrease.

The long tail of demand refers to an increased _____________________________.

• Number of distribution points

• Number of suppliers

• Number of store employees

• Number of SKUs

Transportation is a key part of retailers' strategies to ________________________________.

• Build bigger stores

• Bridge the physical and digital environments

• Sell a lower number of SKUS

• Eliminate all inventory

What percentage of total GDP does transportation account for?

• 1%

• 9%

• 5%

• 12%

At the economy level, the price of transportation is ______________. At the carrier level, it is __________________.

• Elastic, inelastic

• Inelastic, elastic

• Elastic, elastic

• Inelastic, inelastic

In the U.S., which is largest in terms of ton miles moved?

• Rail

• Motor carriage

• Water

• Air

In China, what product dominates rail movements?

• Food

• Coal

• Water

• Lumber

In the U.S., which is NOT a type of water transportation category?

• Coastal

• Plains

• Lake

• Inland

Why might starting an LTL carrier be even more difficult than starting a TL carrier?

• The distances traveled are shorter.
  

• The capital investment required is much greater.

• The tractors are more expensive.

• The number of trailers required is higher.

In the U.S., which mode represents the largest total spend?

• Rail

• Motor carriage

• Water

• Air