Less-Than-Truckload
Categories: Metrics
Maybe it’s the amount of guacamole you would eat if there wasn’t a thing called calories: more than a car-full but less than a truckload.
But the term most often relates to shipping.
Imagine a commercial truck...one of those big rigs you hate getting stuck behind on two-lane mountain roads. Fill up the trailer and that's a truckload. Obviously, the trucking company would rather travel full. By filling that bad boy to capacity, they maximize their revenue.
But some shipments aren't that big. They are less-than-truckload, or as it's sometimes called "less-than-load," or LTL.
The term generally applies to all shipping companies that carry smaller freight. Like you sending your grandma a locket for her birthday. Much less than a truckload. Although, if you cheap out on the locket, you can expect a full truckload of guilt.