Question 1

Who is the largest single customer of some rail roads?
A) FedEx
B) DHL
C) Walmart
D) UPS

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Question 2

What percentage of rail revenue is earned by local carriers?
A) 2.1 Percent
B) 1.8 Percent
C) 3.7 Percent
D) 28 Percent

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Question 3

What commodity accounted for 7,800,000 railcar loads in 2007?
A) Nonmetallic minerals
B) Food
C) Farm products
D) Coal

Accepted Answer

According to the given data, the commodity that accounted for 7,800,000 railcar loads in 2007 is not specified. However, among the given options, coal is the most likely commodity as it is one of the most commonly transported goods by rail in the US.

Question 4

Rails to Trails Conservancy has created how many miles of hiking trails?

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Question 5

The major cost element borne by the railroad industry is the:
A) Rolling Stock
B) Fuel costs
C) Rights of way
D) Insurance

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Question 6

As of 2007 what was the return on investment in the rail industry?

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Question 7

What types of mergers occurred in the rail industry? What has been the result of this activity after the passage of the Staggers Rail Act?

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Question 8

What led to the erosion of rail dominance in U.S.transportation?
A) Passenger air service in the 1920s
B) Government funded construction of roads
C) Steel price increase
D) Coal price increase

Accepted Answer

The government funded construction of roads, particularly the interstate highway system in the 1950s and 1960s, made it easier for people and goods to be transported by automobile and truck, ultimately leading to a decline in rail transportation.

Question 9

Name the top 4 commodities transported by railroads.

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Question 10

What are the three major classifications of labor on railroads?

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Question 11

The railroads can claim a number of service advantages,such as a large carrying capacity,assumption of liability for shipments,and an increased use of technology.However,there are also a number of disadvantages. Please describe the rail disadvantages.

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Question 12

When did scheduled common carrier frieght and passenger service begin in the U.S.?
A) 1918
B) 1868
C) 1789
D) 1930

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Question 13

Define Intramodal.

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Question 14

Standard track guage is defined as?

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Question 15

What is the standard track guage in the U.S?
A) 5 Feet
B) 6 Foot 2 Inches
C) 4 Foot 8.5 Inches
D) 4 Foot 10 Inches

Accepted Answer

The standard track gauge in the U.S is 4 foot 8.5 inches. This gauge was based on the width of tramways used in England and early U.S. railroads were often built by engineers from Britain.

Question 16

How many Class 1 rail companies are there?
A) 5
B) 7
C) 66
D) 18

Accepted Answer

There are 7 Class 1 rail companies in the United States, which are the largest freight railroads in the country. The Class 1 railroads are BNSF Railway, Union Pacific Railroad, Norfolk Southern Railway, CSX Transportation, Canadian Pacific Railway, Canadian National Railway, and Kansas City Southern Railway.

Question 17

What are mergers called that eliminate duplicate rail lines?

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Question 18

Rail is considered ologpolistic market structure because:

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Question 19

Abandonments have reduced the total track mileage by 50 percent since 1929.Why did these abandonments occur? What have been at least two outgrowths of this abandonment trend? Does any government agency oversee railroad abandonments?

Accepted Answer

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Question 20

How many rail mergers have occurred in the last 30 years?
A) 15
B) 50
C) 28
D) 18

Accepted Answer

According to the information given, in the last 30 years, 28 rail mergers have occurred.

Quiz 6: Railroads

Who is the largest single customer of some rail roads?

What percentage of rail revenue is earned by local carriers?

What commodity accounted for 7,800,000 railcar loads in 2007?

Rails to Trails Conservancy has created how many miles of hiking trails?

The major cost element borne by the railroad industry is the:

As of 2007 what was the return on investment in the rail industry?

What types of mergers occurred in the rail industry? What has been the result of this activity after the passage of the Staggers Rail Act?

What led to the erosion of rail dominance in U.S.transportation?

Name the top 4 commodities transported by railroads.

What are the three major classifications of labor on railroads?

The railroads can claim a number of service advantages,such as a large carrying capacity,assumption of liability for shipments,and an increased use of technology.However,there are also a number of disadvantages. Please describe the rail disadvantages.

When did scheduled common carrier frieght and passenger service begin in the U.S.?

Define Intramodal.

Standard track guage is defined as?

What is the standard track guage in the U.S?

How many Class 1 rail companies are there?

What are mergers called that eliminate duplicate rail lines?

Rail is considered ologpolistic market structure because:

Abandonments have reduced the total track mileage by 50 percent since 1929.Why did these abandonments occur? What have been at least two outgrowths of this abandonment trend? Does any government agency oversee railroad abandonments?

How many rail mergers have occurred in the last 30 years?