In order for a freight railroad to take advantage of revenue management opportunities, which of the following must be true?
Understand the Problem
The question asks about the necessary conditions for a freight railroad to capitalize on revenue management opportunities. It presents four possible changes to railroad operations.
Answer
They should establish regularly scheduled trains.
In order for a freight railroad to take advantage of revenue management opportunities, they should establish regularly scheduled trains.
Answer for screen readers
In order for a freight railroad to take advantage of revenue management opportunities, they should establish regularly scheduled trains.
More Information
Revenue management in the context of for-hire carriers involves managing demand and capacity, which is greatly aided by establishing regularly scheduled trains.
Sources
- Revenue Management - an overview | ScienceDirect Topics - sciencedirect.com
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