True or False: A private carrier normally transports freight owned by another party.

Answer: B — False

A private carrier primarily transports goods that are owned by the company itself, rather than for hire or for any other party. The definition of a private carrier is specific to entities using their own transport resources to move their own freight, which means that the vast majority of their operations involve their own products or materials. This contrasts with common carriers, which are businesses that provide transportation services to the general public and often handle freight that is owned by other entities. In a traditional sense, private carriers are distinct because their transport activities are not directed towards serving external clients; they focus solely on fulfilling the logistical needs of their own company. The classification this question hinges on helps delineate the types of carriers and their operational focus.