SCMN 3720 Final- Strickland

question

What country is the largest trading partner of the USA based on combined exports and imports?
answer

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?
answer

maquiladora plant
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Which of terms of payment has the least risk to the seller?
answer

Cash in Advance
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Which of the terms of payment has the least risk to the buyer?
answer

Open Account
question

Which international organization has begun the e-freight initiative aimed at replacing paper documents?
answer

International Air Transport Association (IATA)
question

Container ships are built for moving what two lengths of containers?
answer

20 foot and 40 foot
question

How many incoterms are in use (as of 2010)?
answer

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?
answer

DDP
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Which incoterm gives the IMPORTER total responsibility?
answer

EXW
question

Which trans document acts as a contract of carriage between the transportation company and the cargo owner?
answer

Bill of Lading
question

What type of ocean transportation service travels a fixed route on a published schedule?
answer

Liner Ship
question

The highest volume seaport in the world is in what country?
answer

China
question

The highest volume cargo airport in the USA is in what city?
answer

Memphis, TN
question

What 2 variables define the primary advantage or disadvantage when comparing Asset based vs. non-asset based 3PL?
answer

Flexibility and Control
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What are the steps of the customs clearing process in correct sequence?
answer

Entry filing, arrival, examination, classification, taxation, release
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What organization is responsible for establishing Incoterms?
answer

International Chamber of Commerce
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What type of service involves local transportation of containerized cargo?
answer

Drayage
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What group of 3PL’s doesnt own equipment, they instead arrange transportation services?
answer

Forwarder based 3PL’s
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As of 2013, the 3PL industry worldwide produced revenues at what level?
answer

$704 billion
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3PL spending as of 2013 was highest in what region of the world?
answer

Asia Pacific
question

According to the U.S. census Bureau, how many private trucks are on the road?
answer

4 million
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As operating miles increase, fixed cost per mile go in what direction?
answer

Decrease
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What is at the top of the list of reasons against 3PL services?
answer

logisitcs is a core competency of the company
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what is the #1 activity outsourced to 3PLs?
answer

domestic transportation
question

what is the difference between a finance lease and a full service lease when leasing a fleet of trucks?
answer

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?
answer

operating efficiently cause you’re saving the money you would pay the for-hire carrier, but you’re vulnerable with back haul costs.
question

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)
answer

Canada, Mexico, China
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top 3 trading partners with US (IMPORTS)
answer

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?
answer

ICC
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Incoterm with lowest risk to the seller
answer

EXW
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incoterm with the lowest risk to the buyer
answer

DDP
question

NAFTA
answer

north american free trade agreement; free trade between canada, US, and mexico
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bill of lading
answer

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
answer

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
answer

used for freight moving short distances
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global freight service options INDIRECT SERVICE
answer

freight moving long distance
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transload freight
answer

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
answer

AP Moeller-Maersk
question

Top air cargo carrier in the world?
answer

Emirates
question

top two air cargo carriers in the USA?
answer

UPS & FedEx
question

top seaports in the world in thousands of tons
answer

China
question

top seaports in the world in TEU’s
answer

China and Singapore
question

Top cargo airport in the world?
answer

Hong kong international
question

top cargo airport in the USA
answer

Memphis, TN
question

foreign trade zone
answer

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
answer

transport, distribution, forwarder, financial, information
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top 4 activities outsourced to 3PL’s in the usa
answer

Domestic transportation, international transportation, warehousing, customs brokerage
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3 reasons for using 3PL
answer

opportunity for cost reductions, ability to focus on core contempencies, improve customer service
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3 reasons against using 3PL
answer

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
answer

privately owned railcars that are moved by a common carrier
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way private transportation is used in AIR
answer

transport business executives
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ways private transportation is used in WATER
answer

lease barges and tow boats
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ways private transportation is used in PIPELINE
answer

regulated
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ways private transportation is used in TRUCKING
answer

most frequently used
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advantages of private trucking
answer

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
answer

higher cost (empty backhaul, liability, capital, high transportation cost)
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2 highest operating cost categories for private trucking
answer

labor and fuel
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what is backhaul and how is it significant in private vs. non-private transportation
answer

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\”
answer

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
answer

Houston
question

top country in the world in vessel calls
answer

China
question

Kinder Morgan date founded
answer

1997
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Kinder Morgan company HQ
answer

Houston, TX
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Kinder Morgan mode
answer

largest pipeline
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Kinder Morgan geographic scope
answer

US, Canada, Mexico
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American Airlines date founded
answer

1930
question

what air company did 9/11 happen on?
answer

American Airlines
question

American Airlines mode
answer

largest air carrier passenger miles
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American Airlines HQ
answer

Fort worth, Tx (DFW)
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American Airlines geographical scope
answer

international
question

AAA Cooper HQ
answer

Dothan, AL
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AAA Cooper founding date
answer

1955
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AAA Cooper mode
answer

Trucking (LTL)
question

AAA Cooper geographical scope
answer

US, puerto rico, mexico, canada
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AAA Cooper CEO (from auburn)
answer

Reid Dove
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AAA Cooper EVP (from Auburn)
answer

Charlie Prickett
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Jet Blue HQ
answer

Long Island, NY
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Jet Blue year founded
answer

2000
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Schnieder National mode
answer

trucking (intermodal)
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Schnieder National HQ
answer

Greenbay, WI
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FedEx HQ
answer

Memphis, TN
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FedEx reason started
answer

founder wrote a paper, got a C on it, and used it as his business model
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Kuehne Nagel HQ
answer

Swizerland
question

Kuehne Nagel mode/what they do
answer

contracter logisitcs, air sea, overland transportation
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Kuehne Nagel involved in what?
answer

German-involved in WWII (Nazi)
question

Colonial mode
answer

pipeline
question

Colonial HQ
answer

Alpharetta, GA
question

Colonial recent event?
answer

recent explosion in birmingham
question

CSX HQ
answer

Jacksonville, FL
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CSX mode
answer

rail
question

CSX new CEO?
answer

Hunter Harrison
question

Maersk mode
answer

largest container shipping company
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Maersk HQ
answer

Copenhagen, Denmark
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UPS HQ
answer

Sandy Springs, GA
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UPS fun fact?
answer

trucks never make left turns because it isn’t efficient
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Swift Transportation mode
answer

trucking
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XPO logistics HQ
answer

Greenwich, CN
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XPO logistics mode/what they do
answer

freight brokerage, truck/air
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BNSF year founded
answer

1849
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BNSF HQ
answer

Fort worth, TX
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BNSF mode
answer

rail, western US
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Landstar HQ
answer

Jacksonville, FL
question

Landstar type of company/mode
answer

non-asset based trucking/ rail company

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