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Basic Concepts in Transportation Part Six. Marketing Logistics. Terms. Terms. Shipper. Terms. Shipper. Mode. Terms. Shipper Mode Carrier. Terms. Shipper Mode Carrier Intermodal. Terms. Shipper – the customer that ships freight. Mode Carrier Intermodal. Terms.
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Basic Concepts in TransportationPart Six Marketing Logistics
Terms • Shipper.
Terms • Shipper. • Mode.
Terms • Shipper • Mode • Carrier
Terms • Shipper • Mode • Carrier • Intermodal
Terms • Shipper – the customer that ships freight. • Mode • Carrier • Intermodal
Terms • Shipper – the customer that ships freight. • Mode – the type of vehicle used to ship the freight (rail, air, motor). • Carrier • Intermodal
Terms • Shipper – the customer that ships freight. • Mode – the type of vehicle used to ship the freight (rail, air, motor). • Carrier – the company that ships the freight (Union Pacific Railroad, FedEx). • Intermodal – use of more than one transport mode.
Terms • Price elasticity
Terms • Price elasticity – if price changes, there will be marked change in demand.
Terms • Price elasticity – if price changes, there will be marked change in demand. • Price inelasticity
Terms • Price elasticity – if price changes, there will be marked change in demand. • Price inelasticity – if price changes, there will be minimal change in demand.
Transportation Price Elasticity • Basically transportation demand is inelastic.
Transportation Price Elasticity • Basically transportation demand is inelastic. • On a modal level, demand is price elastic.
Transportation Price Elasticity • Basically transportation demand is inelastic. • On a modal level, demand is price elastic. • On a carrier level, demand is price elastic.
Transportation Price Elasticity • Basically transportation demand is inelastic. • On a modal level, demand is price elastic. • On a carrier level, demand is price elastic. • Modal and carrier demand is service elastic.
End of Program. Go to Part Seven.