17 Questions
What is the primary purpose of logistics?
To move goods from suppliers to buyers
Why do products have little value to customers until they are moved to the customer's point of consumption?
Because the products are not where they need to be
What type of utility is provided when products are delivered to the desired location?
Place utility
What is the term for delivering products at the right time?
Time utility
What are the two main utilities provided by logistics?
Time and place utility
What percentage of U.S. freight is transported by air carriers?
5%
What type of cargo is typically transported through inland waterway transportation?
Heavy, bulky, low-value materials
What is a characteristic of pipeline carriers?
They are limited in the variety of goods they can carry
What is the term for the use of multiple modes of transportation?
Intermodal
What is the term for the service offered by rail and motor carriers?
All of the above
What type of ships are used for transporting truck trailers and containers?
RO-ROs or roll-on-roll-off containerships
What type of carrier is not bound to serve the general public?
Contract carrier
What percentage of U.S. freight is carried by motor carriers?
> 80%
What is the name of the service that allows rail companies to offer point-to-point pickup and delivery?
Trailer-on-flatcar service
What is a characteristic of rail carriers?
Slow and inflexible
What type of carrier transports goods for the company owning the carrier?
Private carrier
What is a challenge faced by rail companies?
Keeping track of rail cars and getting them where needed
Test your knowledge of logistics and its importance in delivering goods to customers. Learn about the role of logistics in creating time and place utility, and how it adds value to products.
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