SCMN 3720 Final- Strickland
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What country is the largest trading partner of the USA based on combined exports and imports?
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Canada
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What is the term for a manufacturing facility in Mexico where you make things then send them back to U.S. without duty paid?
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maquiladora plant
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Which of terms of payment has the least risk to the seller?
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Cash in Advance
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Which of the terms of payment has the least risk to the buyer?
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Open Account
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Which international organization has begun the e-freight initiative aimed at replacing paper documents?
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International Air Transport Association (IATA)
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Container ships are built for moving what two lengths of containers?
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20 foot and 40 foot
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How many incoterms are in use (as of 2010)?
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11 (used to be 13)
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Which incoterm requires the EXPORTER to assume responsibility for all risk of loss, customs costs, and delivery costs to the importer's premises?
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DDP
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Which incoterm gives the IMPORTER total responsibility?
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EXW
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Which trans document acts as a contract of carriage between the transportation company and the cargo owner?
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Bill of Lading
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What type of ocean transportation service travels a fixed route on a published schedule?
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Liner Ship
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The highest volume seaport in the world is in what country?
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China
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The highest volume cargo airport in the USA is in what city?
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Memphis, TN
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What 2 variables define the primary advantage or disadvantage when comparing Asset based vs. non-asset based 3PL?
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Flexibility and Control
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What are the steps of the customs clearing process in correct sequence?
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Entry filing, arrival, examination, classification, taxation, release
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What organization is responsible for establishing Incoterms?
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International Chamber of Commerce
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What type of service involves local transportation of containerized cargo?
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Drayage
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What group of 3PL's doesnt own equipment, they instead arrange transportation services?
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Forwarder based 3PL's
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As of 2013, the 3PL industry worldwide produced revenues at what level?
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$704 billion
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3PL spending as of 2013 was highest in what region of the world?
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Asia Pacific
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According to the U.S. census Bureau, how many private trucks are on the road?
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4 million
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As operating miles increase, fixed cost per mile go in what direction?
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Decrease
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What is at the top of the list of reasons against 3PL services?
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logisitcs is a core competency of the company
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what is the #1 activity outsourced to 3PLs?
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domestic transportation
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what is the difference between a finance lease and a full service lease when leasing a fleet of trucks?
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Finance lease is only for capital costs, full service lease adds services such as maintenance
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If you decide to change to private transportation for your trucking needs and you operate it efficiently, where might you save money and where are you vulnerable, cost-wise?
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operating efficiently cause you're saving the money you would pay the for-hire carrier, but you're vulnerable with back haul costs.
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What is the average driver cost per mile (non union)?
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$0.60 per mile
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Carbon footprint
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carbon dioxide emissions
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top 3 trading partners with US (EXPORTS)
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Canada, Mexico, China
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top 3 trading partners with US (IMPORTS)
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China, Canada, Mexico
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transfer of ownership
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lay out the plan for managing in transit goods because it is transferring property or goods to someone else. it determines who makes decisions in insurance, routing, and payments
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What organization developed incoterms?
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ICC
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Incoterm with lowest risk to the seller
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EXW
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incoterm with the lowest risk to the buyer
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DDP
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NAFTA
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north american free trade agreement; free trade between canada, US, and mexico
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bill of lading
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a document the carrier must sign to acknowledge that they have received correct cargo (condition/quantity), specifies price and instructions for moving freight. contract of carriage
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cash in advance
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the payment must be before the shipment so the goods are available after payment. all risk on buyer
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open account
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payment done by invoice so goods available before payment seller has all risk
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letter of credit
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payment done after shipment is made; buyer and seller share the risk; third party; bank
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global freight service options DIRECT SERVICE
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used for freight moving short distances
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global freight service options INDIRECT SERVICE
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freight moving long distance
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transload freight
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includes goods that are handled individually and transferred between transportation equipment multiple times goods involved: bulk-oriented raw materials that are able to be moved from one mode to another
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liner service (ocean)
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ships that travel regularly on voyages, following fixed routes
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charter service(ocean)
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ships that are hired for a specific voyage or amount of time- ship owner leases ship to a charter
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private service (ocean)
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owned or leased on a long term basis
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RORO ship
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roll-on, roll-off: created to move wheeled vehicles
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top container line in the world
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AP Moeller-Maersk
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Top air cargo carrier in the world?
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Emirates
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top two air cargo carriers in the USA?
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UPS & FedEx
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top seaports in the world in thousands of tons
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China
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top seaports in the world in TEU's
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China and Singapore
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Top cargo airport in the world?
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Hong kong international
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top cargo airport in the USA
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Memphis, TN
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foreign trade zone
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sites within the US where foreign and domestic goods are held with no time limit until they are ready to be released, no customs duties or taxes paid until good is released into US market
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5 categories of 3PL's
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transport, distribution, forwarder, financial, information
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top 4 activities outsourced to 3PL's in the usa
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Domestic transportation, international transportation, warehousing, customs brokerage
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3 reasons for using 3PL
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opportunity for cost reductions, ability to focus on core contempencies, improve customer service
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3 reasons against using 3PL
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logisitics is a core competency (#1 reason), cost reductions would not be experienced, loss of control
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way private transportation is used in rail
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privately owned railcars that are moved by a common carrier
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way private transportation is used in AIR
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transport business executives
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ways private transportation is used in WATER
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lease barges and tow boats
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ways private transportation is used in PIPELINE
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regulated
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ways private transportation is used in TRUCKING
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most frequently used
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advantages of private trucking
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improved service(greater control, lower transit time), lower cost (eliminates carrier profit, reduced inventory, lower driver turnover)
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disadvantages of private trucking
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higher cost (empty backhaul, liability, capital, high transportation cost)
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2 highest operating cost categories for private trucking
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labor and fuel
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what is backhaul and how is it significant in private vs. non-private transportation
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picking up goods on the way back to home base, private has primarily empty back hauls, non-private has full back hauls because more options of product to pick up.
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\"don't ship air\"
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reducing storage space used, example: blow up basketballs after received them.
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\"don't ship water\"
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reduce use of excess packaging example: soda syrup, adding water when it gets to the restaurant
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top port in USA in vessel calls
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Houston
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top country in the world in vessel calls
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China
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Kinder Morgan date founded
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1997
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Kinder Morgan company HQ
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Houston, TX
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Kinder Morgan mode
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largest pipeline
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Kinder Morgan geographic scope
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US, Canada, Mexico
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American Airlines date founded
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1930
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what air company did 9/11 happen on?
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American Airlines
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American Airlines mode
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largest air carrier passenger miles
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American Airlines HQ
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Fort worth, Tx (DFW)
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American Airlines geographical scope
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international
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AAA Cooper HQ
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Dothan, AL
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AAA Cooper founding date
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1955
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AAA Cooper mode
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Trucking (LTL)
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AAA Cooper geographical scope
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US, puerto rico, mexico, canada
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AAA Cooper CEO (from auburn)
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Reid Dove
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AAA Cooper EVP (from Auburn)
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Charlie Prickett
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Jet Blue HQ
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Long Island, NY
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Jet Blue year founded
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2000
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Schnieder National mode
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trucking (intermodal)
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Schnieder National HQ
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Greenbay, WI
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FedEx HQ
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Memphis, TN
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FedEx reason started
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founder wrote a paper, got a C on it, and used it as his business model
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Kuehne Nagel HQ
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Swizerland
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Kuehne Nagel mode/what they do
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contracter logisitcs, air sea, overland transportation
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Kuehne Nagel involved in what?
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German-involved in WWII (Nazi)
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Colonial mode
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pipeline
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Colonial HQ
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Alpharetta, GA
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Colonial recent event?
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recent explosion in birmingham
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CSX HQ
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Jacksonville, FL
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CSX mode
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rail
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CSX new CEO?
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Hunter Harrison
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Maersk mode
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largest container shipping company
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Maersk HQ
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Copenhagen, Denmark
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UPS HQ
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Sandy Springs, GA
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UPS fun fact?
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trucks never make left turns because it isn't efficient
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Swift Transportation mode
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trucking
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XPO logistics HQ
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Greenwich, CN
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XPO logistics mode/what they do
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freight brokerage, truck/air
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BNSF year founded
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1849
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BNSF HQ
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Fort worth, TX
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BNSF mode
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rail, western US
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Landstar HQ
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Jacksonville, FL
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Landstar type of company/mode
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non-asset based trucking/ rail company
