What does LTL mean in logistics?

Less than load
Less than load (LTL) freight is the transportation of products or goods that does not require a full truckload due to the smaller nature of the parcel. Therefore, there are typically many separate shipments being transported on one truck.

What do LTL and FTL stand for?

The acronym FTL stands for a “Full Truckload,” which means you hire the entire shipment for your goods — whether or not your goods occupy the entire space in a semi-truck carrier. … In contrast, the acronym LTL stands for “Less-Than-Truckload.” LTL means that you hire only a portion of the semi truck’s carrier space.