Ltl Terminology Quiz 1

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Mt123456
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Quizzes Created: 1 | Total Attempts: 147
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  • 1/11 Questions

    Does LTL refer to freight or parcel shipping?

    • Freight
    • Parcel
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About This Quiz

LTL Terminology Quiz 1 assesses knowledge of key logistics concepts within the freight management sector, focusing on terms like LTL, SCAC, and Bill of Lading. Ideal for professionals in the IntraVex work environment.

Ltl Terminology Quiz 1 - Quiz

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  • 2. 

    First, in the context of our work at IntraVex, what does LTL stand for?

    • Linear Temporal Logic

    • Lot To Lot

    • Low Traffic Load

    • Less than Truck Load

    Correct Answer
    A. 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.

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  • 3. 

    What is the PO in a PO number?

    • Post Office

    • Popover

    • Purchase Order

    • Pickup Order

    Correct Answer
    A. 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.

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  • 4. 

    What is Freight Class related to?

    • A training program at IntraVex

    • The items being shipped

    • The service type of a shipment

    • Who is paying for a shipment

    Correct Answer
    A. 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.

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  • 5. 

    What is a SCAC?

    • Code for identifying a charge type

    • Code for identifying a service type

    • Code for identifying a carrier

    • A dinosaur

    Correct Answer
    A. 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.

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  • 6. 

    What is a Bill of Lading?

    • Another term for invoice

    • A form acknowledging receipt of specific goods for shipment

    • A list of agreed upon pricing arrangements between our customer and a carrier

    • A charge for loading a truck by hand

    Correct Answer
    A. 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.

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  • 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.

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  • 8. 

    When we talk about tariffs at IntraVex, we are usually not referring to taxes on imports, but rather what?

    • Accessorial charges

    • Shipping schedules

    • Payment terms

    • Pricing agreements

    Correct Answer
    A. 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.

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  • 9. 

    What does "interline" refer to?

    • Shipments along one route

    • Shipments that are split between multiple carriers

    • Shipments that are returned mid-trip

    • Shipments that make more than one stop

    Correct Answer
    A. 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.

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  • 10. 

    What is Deficit Weight?

    • Weight based on the size of the package

    • Weight added to the chargeable weight to bring the shipment up to a higher weight range

    • Weight deducted from a shipment based on pricing agreement

    • Charge for going over a weight limit

    Correct Answer
    A. 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”

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  • 11. 

    Invoice Number and Pro Number refer to the same thing.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Pro number is a sequential numbering system used to identify freight bills and is also the invoice number.

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Quiz Review Timeline (Updated): Feb 1, 2024 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Feb 01, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 23, 2011
    Quiz Created by
    Mt123456
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