Question

Which of the following statements are false about the railroad freight industry?

A. The railroad freight industry is dominated by a few large carriers.
B. The largest revenue source of the railroad freight industry is the trailer and container market.
C. A significant challenge of the railroad freight industry is a lack of route flexibility due to track ownership.
D. The majority of the freight cars used in the railroad freight industry are provided by the common carrier railroads as a part of their shipment contracts.
E. Railroads have a higher fixed cost than most modes, which means they cannot afford to shut down when little freight is to be moved.
F. None of the above statements are false.

Answer 1

The largest revenue source of the railroad freight industry is the trailer and container market.

Step-by-step explanation:

The false statement about the railroad freight industry is:

1. The largest revenue source of the railroad freight industry is the trailer and container market.

The correct statements about the railroad freight industry are:

1. The railroad freight industry is dominated by a few large carriers.
2. A significant challenge of the railroad freight industry is a lack of route flexibility due to track ownership.
3. The majority of the freight cars used in the railroad freight industry are provided by the common carrier railroads as a part of their shipment contracts.
4. Railroads have a higher fixed cost than most modes, which means they cannot afford to shut down when little freight is to be moved.

Therefore, options A, C, D, and E are true statements about the railroad freight industry.

Option F states that none of the above statements are false, which is incorrect because option B is false.