1.
First, in the context of our work at IntraVex, what does LTL stand for?
Correct Answer
D. Less than Truck Load
Explanation
Less Than a Truckload is a mode and also a term used to identify a shipment that takes less than a full truck and shares the truck with other goods from other shippers. The historical definition for LTL freight is shipments under 10,000 pounds.
2.
What is a SCAC?
Correct Answer
C. Code for identifying a carrier
Explanation
The Standard Carrier Alpha Code (SCAC) is a unique two-to-four-letter code used to identify transportation companies. NMFTA developed the SCAC identification codes in the mid 1960's to facilitate computerization in the transportation industry.
3.
What is a Bill of Lading?
Correct Answer
B. A form acknowledging receipt of specific goods for shipment
Explanation
A Bill of Lading is legal document created for a given shipment that indicates the contents, weight, destination, payment terms, and forms a contractual basis for claims or resolution between the carrier and shipper.
4.
What is Freight Class related to?
Correct Answer
B. The items being shipped
Explanation
Freight Class is a means of classifying the items being shipped so as to determing the cost of shipment. The motor carrier industry defines products being shipped according to certain characteristics: density, stowability, handling and liability.
5.
What is Deficit Weight?
Correct Answer
B. Weight added to the chargeable weight to bring the shipment up to a higher weight range
Explanation
When the carrier adds a fee to give a better rate for freight charge, allowing a lower charge at a higher weight. Also referred to “rated with deficit weight” or “billed as weight”
6.
Invoice Number and Pro Number refer to the same thing.
Correct Answer
A. True
Explanation
Pro number is a sequential numbering system used to identify freight bills and is also the invoice number.
7.
The shipper sends a package. The __________ receives it.
Correct Answer
Consignee
Explanation
The receiver of a shipment is called the consignee - the one to whom the shipment is consigned.
8.
What is the PO in a PO number?
Correct Answer
C. Purchase Order
Explanation
A PO number (Purchase Order or Sales Order) is a number that shippers will include on their bill of lading so that the consignee can easily identify the goods when it arrives. PO numbers are typically required invoice data elements for payment processing.
9.
When we talk about tariffs at IntraVex, we are usually not referring to taxes on imports, but rather what?
Correct Answer
D. Pricing agreements
Explanation
A tariff, or pricing agreemnt, is a document that sets forth the rates, charges, and other provisions pertaining to services furnished by a carrier.
10.
What does "interline" refer to?
Correct Answer
B. Shipments that are split between multiple carriers
Explanation
Interline shipments are shipments where two or more motor carriers working together to haul a shipment where the originating carrier turns over the freight to a local carrier for delivery.
11.
Does LTL refer to freight or parcel shipping?
Correct Answer
A. Freight
Explanation
LTL refers to Less Than Truckload shipping, which is a method used for transporting relatively small freight shipments that do not require a full trailer. Unlike parcel shipping, which typically deals with smaller packages and individual items, LTL shipping involves consolidating multiple smaller shipments into a single truckload for more efficient transportation. Therefore, the correct answer is freight.