Final Answer:
Private carriers transport goods for their owning company, evade economic regulation, and due to their substantial fleets, they generally incur lower transport costs than hiring external services, offering competitive rates.correct option is 4) Private Carrier
Step-by-step explanation:
Private carriers typically transport goods for the company that owns the carrier and are not subject to economic regulation. Since the fleets of private carriers are generally large, the cost of transport is often lower compared to hiring another company for the service.
Private carriers own and operate their transportation vehicles exclusively for their own use, serving their parent company's transportation needs. By owning their fleet, these companies can optimize routes, schedules, and costs more efficiently, leading to potential cost savings. As a result, they can offer competitive pricing for their transportation services compared to external carriers.
The advantage of using a private carrier lies in the ability to control and tailor transportation logistics according to the specific needs of the owning company. This control enables efficient supply chain management, reduced transportation expenses, and often provides a competitive edge due to streamlined operations and cost-effective transport solutions. Overall, the economics favor private carriers due to their inherent cost-saving nature by eliminating the need for third-party services and optimizing transport operations.so correct answer is 4) Private Carrier