Answer the following questions thoroughly and in your own words (no plagiarism). Make sure you communicate your answers in a business-like fashion, avoiding spelling and grammar errors.
1. Describe the five modes of transportation, identifying the most significant characteristic of each.
2. Why is it important for a logistics manager to have a degree of understanding of transportation regulatory history?
3. What are the fundamental differences between TOFC and COFC? Why was double stacking considered a major innovation in multimodal transportation?
4. What is the economic justification for the rapid growth of premium package services?
5. Why is motor carrier freight transportation the most used method of product shipment?