Ltl Terminology Quiz 1
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First, in the context of our work at IntraVex, what does LTL stand for?
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Linear Temporal Logic
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Lot To Lot
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Low Traffic Load
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Less than Truck Load
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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.
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- 2.
What is a SCAC?
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Code for identifying a charge type
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Code for identifying a service type
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Code for identifying a carrier
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A dinosaur
Correct Answer
A. Code for identifying a carrierExplanation
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.Rate this question:
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- 3.
What is a Bill of Lading?
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Another term for invoice
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A form acknowledging receipt of specific goods for shipment
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A list of agreed upon pricing arrangements between our customer and a carrier
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A charge for loading a truck by hand
Correct Answer
A. A form acknowledging receipt of specific goods for shipmentExplanation
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.Rate this question:
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- 4.
What is Freight Class related to?
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A training program at IntraVex
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The items being shipped
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The service type of a shipment
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Who is paying for a shipment
Correct Answer
A. The items being shippedExplanation
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.Rate this question:
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- 5.
What is Deficit Weight?
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Weight based on the size of the package
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Weight added to the chargeable weight to bring the shipment up to a higher weight range
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Weight deducted from a shipment based on pricing agreement
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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 rangeExplanation
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”Rate this question:
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- 6.
Invoice Number and Pro Number refer to the same thing.
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True
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False
Correct Answer
A. TrueExplanation
Pro number is a sequential numbering system used to identify freight bills and is also the invoice number.Rate this question:
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- 7.
The shipper sends a package. The __________ receives it.
Correct Answer
ConsigneeExplanation
The receiver of a shipment is called the consignee - the one to whom the shipment is consigned.Rate this question:
- 8.
What is the PO in a PO number?
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Post Office
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Popover
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Purchase Order
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Pickup Order
Correct Answer
A. Purchase OrderExplanation
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.Rate this question:
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- 9.
When we talk about tariffs at IntraVex, we are usually not referring to taxes on imports, but rather what?
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Accessorial charges
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Shipping schedules
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Payment terms
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Pricing agreements
Correct Answer
A. Pricing agreementsExplanation
A tariff, or pricing agreemnt, is a document that sets forth the rates, charges, and other provisions pertaining to services furnished by a carrier.Rate this question:
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- 10.
What does "interline" refer to?
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Shipments along one route
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Shipments that are split between multiple carriers
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Shipments that are returned mid-trip
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Shipments that make more than one stop
Correct Answer
A. Shipments that are split between multiple carriersExplanation
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.Rate this question:
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- 11.
Does LTL refer to freight or parcel shipping?
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Freight
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Parcel
Correct Answer
A. FreightExplanation
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.Rate this question:
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Current Version
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Feb 01, 2024Quiz Edited by
ProProfs Editorial Team -
Nov 23, 2011Quiz Created by
Mt123456
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