Warehouse Dictionary

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H

Handling Costs

The cost involved in moving, transferring, preparing, and otherwise handling inventory.

Haulage

The inland transport service which is offered by the carrier under the terms and conditions of the tariff and of the relative transport document.

Hazardous Material

A substance or material which the Department of Transportation has determined to be capable of posing a risk to health, safety, and property when stored or transported in commerce.

Hedge inventory

inventory that is purchased to protect against or take advantage of price fluctuations. The price fluctuations may be the result of seasonal or cyclical variations that result with imbalances in supply and demand (supply exceeds demand or vice versa), changes in exchange rates with international purchases, or even special promotions.

Heijunka

In the just-in-time philosophy, an approach to level production throughout the supply chain to match the planned rate of end product sales.

Highway Trust Fund

A fund into which highway users (carriers and automobile operators) pay; the fund pays for federal government’s highway construction share.

Highway Use Taxes

Taxes that federal and state governments assess against highway users (the fuel tax is an example). The government uses the use tax money to pay for the construction, maintenance, and policing of highways.

Holding cost

cost of holding a unit of an item in stock for a unit time

House Air Waybill (HAWB)

A bill of lading issued by a forwarder to a shipper as a receipt for goods that the forwarder will consolidate with cargo from other shippers for transport.

Hub

1) A large retailer or manufacturer having many trading partners.

2) A reference for a transportation network as a “hub and spoke” which is common in the airline and trucking industry. For example, a hub airport serves as the focal point for the origin and termination of long-distance flights where flights from outlying areas are fed into the hub airport for connecting flights.

3) A common connection point for devices in a network.

4) A web “hub” is one of the initial names for what is now known as a “portal.” It came from the creative idea of producing a web site which would contain many different “portal spots” (small boxes that looked like ads with links to different, yet related content). This content, combined with Internet technology, made the idea a milestone in the development and appearance of web sites, primarily due to the ability to display a lot of useful content and store one’s preferred information on a secured server. The web term “hub” was replaced with portal.

5)An Internet web site that provides a central repository for data or a central planning capability in an industry or supply network.

Hub Airport

An airport that serves as the focal point for the origin and termination of long-distance flights; flights from outlying areas meet connecting flights at the hub airport.

Hundredweight (CWT)

a pricing unit used in transportation (equal to 100 pounds).