LTL
The standard abbreviation for Less-Than-Truckload, a shipping mode where multiple shippers share trailer space. LTL carriers operate hub-and-spoke terminal networks, consolidating freight from multiple shippers onto line-haul trailers between cities. Pricing is based on freight class, weight, origin, destination, and applicable accessorial charges.
Detailed Explanation
The standard abbreviation for Less-Than-Truckload, a shipping mode where multiple shippers share trailer space. LTL carriers operate hub-and-spoke terminal networks, consolidating freight from multiple shippers onto line-haul trailers between cities. Pricing is based on freight class, weight, origin, destination, and applicable accessorial charges.
Example
A purchasing manager says, 'We only need to ship 6 pallets — book it LTL so we are not paying for an entire truck we do not need.'
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