Transportation: A Global Supply Chain Perspective
9th Edition
ISBN: 9781337406642
Author: Robert A. Novack, Brian Gibson, Yoshinori Suzuki, John J. Coyle
Publisher: Cengage Learning
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Question
Chapter 2, Problem 10SQ
Summary Introduction
To determine: Various service characteristic of freight demand and whether do you agree with the statement that they may be as important as or even more important than the freight rate and provide justifiable reasons?
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Freight rates are very important in determining the supply of and thus revenue of shipping companies. Discuss four other drivers of the shipping industry that will influence the profitability of the industry
The world’s largest retailer, Walmart, owns and manages its own fleet of trucks. The company has often received praise for its distribution capabilities. The practice, however, seems to represent a stark contrast to the practice of outsourcing not only shipping, but other logistics operations to third-party logistics providers. Address the advantages and disadvantages of these different policies. Under what conditions would it make sense for a firm to own and manage its own trucking operation?
What are the specific services a freight forwarder provides?
Chapter 2 Solutions
Transportation: A Global Supply Chain Perspective
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Similar questions
- Compare and contrast the relative costs and service advantages and disadvantages of air, motor, water, pipeline, and rail carriers.arrow_forwardDiscuss four possible functions that might be performed byinternational freight forwarders.arrow_forwardCompare the rail and road modes of transport, by comparing operational characteristics, advantages and disadvantagesarrow_forward
- You are working as a supply chain manager in ABC Denim Mills. The firm gets its raw material from cotton fields and exports all of its finished goods (Denim Clothing). The firm is the top exporter of garments and exports all of its product to USA. Briefly describe the transportation mode the firm uses during its entire supply chain right from cotton fields till its customer in USA.arrow_forwardWhen you consider motor freight as a mode of carrying goods, it is likely that a large number of goods were shipped via truck. Consider, for example, among the last products you purchased, the majority were delivered via truck to its point of purchase. What characteristics make truck the ideal mode of transportation?arrow_forwardThe decline of rail travel started for two main reasons cars and airplanes. Explain this statement, and clarify why would a passenger prefers a certain transportation system over the other.arrow_forward
- “The air waybill is the most important document issued by the carrier or its authorized cargo agent and service served purposes”. How is this statement evidenced in the carriage of cargo? You answer should examine the applicable conventions and other agreements that have made the statement acceptable in the movement of cargo, both in a domestic State and between countries.arrow_forwardIn recent years, the roles of professional logistics practitioners are increasingly crucial. This is related to heightened transportation costs in logistics. All freight forwarders and agents try to negotiate the most optimal amounts for the transportation of the cargo. However, this is becoming more difficult because of rising fuel prices and, consequently, services for moving goods and materials from one place to another, especially when it comes to imports and exports. Based on the above situations, as a logistics manager, briefly discuss any FIVE(5) important factors that need to be considered before proceeding with your cargo delivery. Provide your answers with an example.arrow_forwardYou are working as a supply chain manager in ABC Denim Mills which is located in Korangi, Karachi, Pakistan. The firm gets its raw material from cotton fields in Sindh and exports all of its finished goods (Denim Clothing). The firm is the top exporter of garments in Pakistan and exports all of its product to USA. Briefly describe the transportation mode the firm uses during its entire supply chain right from cotton fields till its customer in USA.arrow_forward
- Identify and analyse the reverse logistics factors that would improve firm performance and explain itarrow_forwardTop 10 freight forwarders in the world and largest Marine ports in the world 2020arrow_forwardLarge trucks are an important piece of the logistics chain. However, there were 333,000 large truck crashes in 2012, resulting in almost 3,800 fatalities, the majority being drivers or passengers of other vehicles, not the truck driver. One accident in 2014 caused a public uproar when a Walmart truck driver fell asleep at the wheel after being awake for 24 hours and crashed into another car, killing one person and critically injuring others, one being a well-known comedian. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration enacted tougher hours-of-service rules that went into effect in July 2013. One report claimed that the industry would lose $1 billion in lost productivity as a result of these rules, while another concluded the industry would realize almost $500 million in benefit from reduced driver mortality. The new rules have caused considerable controversy and have caused hardships for drivers. As one driver put it, “If the wheels aren’t…arrow_forward
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