Regulation / Deregulation and

more transportation-Dan Nguyen

-Yeah, I did more than 5.

The ICC was established under what?A. Elkins ActB. Reed-Bulwinkle ActC. Act to Regulate CommerceD. Mann-Elkins Act

The ICC was established under what?A. Elkins Act

- Prohibited Rebates and filed rate doctrineB. Reed-Bulwinkle Act

- Antitrust Immunity C. Act to Regulate Commerce

- Regulated RR, Rates must be reasonable and no discrimination - Setup ICC

D. Mann-Elkins Act - Shipper given right to route shipment (before,

ICC said what route you could taken even if it was really inefficient.)

What powers could the ICC enforce? A. LegislativeB. JudicialC. ExecutiveD. All of the above

What powers could the ICC enforce? A. LegislativeB. JudicialC. ExecutiveD. All of the above- ICC was considered a quasi-

“abc” body. Considered 4th branch of the gov.

What replaced the ICC at the end of 1995?A. STBB. FMCC. CABD. DOT

What replaced the ICC at the end of 1995?A. STBB. FMCC. CABD. DOTE. FERC

I could make 5 questions out of this but just read this…1887-1920 - establishment of fed.

Regulation and ICC1920-1935 - promoting

transportation 1935-1960 - expansion of reg. to

motor, air, water, freight forwarders

1976-1996 - gradual deregulation

The Rail Passenger Act established _____ and Regional Rail Reorganization Act established _______

A. Amtrak / ConrailB. Conrail / AmtrackC. I still don’t know the

difference?

The Rail Passenger Act established _____ and Regional Rail Reorganization Act established _______

A. Amtrak / ConrailB. Conrail / AmtrackC. I still don’t know the

difference? - You and I both know now.

Freight Forwarders are regulated and liable for freight damage?

TrueFalse

Freight Forwarders are regulated and liable for freight damage?

TrueFalse

Brokers are not carriers and not liable for freight damage? True False

Pipe costs to the shipper are?A. High B. Low

Pipe costs to the shipper are?A. High B. Low

Pipe Reliability and Capability? High / HighLow / LowLow / HighHigh / Low

Pipe Reliability and Capability? High / HighLow / LowLow / HighHigh / Low

Pipes main competition?

A. WaterB. RailC. AirD. Motor

Pipes main competition?

A. WaterB. RailC. AirD. Motor

Water’s cost to shipper and speed?A. High / FastB. Low / SlowC. Low / FastD. These are all wrong and

stop asking me questions!

Water’s cost to shipper and speed?A. High / FastB. Low / SlowC. Low / FastD. These are all wrong and

stop asking me questions!

Water’s Reliability and Capability?A. Low /LowB. High / HighC. Low / HighD. You’re still asking questions

fool!

Water’s Reliability and Capability?A. Low /LowB. High / HighC. Low / High- Weather is unpredictable D. You’re still asking questions

fool!

Main Competition Faced by Water?A. Pipe and RailB. Motor and RailC. Air and MotorD. Is he ever going to make a D

choice?

Main Competition Faced by Water?A. Pipe and RailB. Motor and RailC. Air and MotorD. Is he ever going to make a D

choice?

Rails cost to the shipper and speed?A. Low / SlowB. High / FastC. Low / FastD. Probably not…

Rails cost to the shipper and speed?A. Low / SlowB. High / FastC. Low / FastD. Probably not…

So, I probably slept through Dr. Magness’s class when he went over the main competition for rail. Who knows?

Its probably motor and water.

Motors cost to the shipper and speed?A. Low / SlowB. High / SlowC. High / FastD. All of the above.

Motors cost to the shipper and speed?A. Low / SlowB. High / SlowC. High / FastD. All of the above.

Motors reputation for reliability, capability, accessibility, and security are

all very low. TrueFalseBoth

Motors reputation for reliability, capability, accessibility, and security are

all very low. TrueFalseBoth

Main competition for motor is all modes except pipe?True False

Main competition for motor is all modes except pipe?True False - Pipe and Water don’t

really compete with Motor.

Finally, Airs cost, speed, reliability, capability, security are?Very HighVery Low Why would Dan ask such an

easy question?

Finally, Airs cost, speed, reliability, capability, security are?Very HighVery Low Why would Dan ask such an

easy question? - to get your mind running. Not

playing with that beach ball yet >>>>>>>>>>>>>>>>>>>>>

Who competes with Air and what value products do the move? A. Water / LowB. Motor / HighC. Motor / LowD. Pipe! And uh…

Who competes with Air and what value products do the move? A. Water / LowB. Motor / HighC. Motor / LowD. Pipe! And uh…