ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Rail
|
|
|
Truck
|
|
|
Ship
|
|
|
Airplane
|
Detailed explanation-1: -What are the Top Modes of Transport. Air, Road, Sea and Rail. These are the four major modes of transport (or types) in the logistics industry.
Detailed explanation-2: -Water transportation is the least expensive and slowest mode of freight transport.
Detailed explanation-3: -Terminal costs: Costs that are related to loading, transhipment and unloading. Two major terminal costs can be considered: loading and unloading at the origin and destination, which are unavoidable; and intermediate (transhipment) costs that can be avoided.
Detailed explanation-4: -Alongside this common breakout, transport costs are broken down into three types: standing, running, and overhead (the first two classified as direct costs, the latter one borne by the whole fleet of vehicles) ( Table 2).