LTL: LTL actually is an airport code for Lastourville Airport as well. It is located in the small coastal country of Gabon in Africa, I include that for those of you who are trivia buffs. You never know when you may need the information.
LTL “LTL is an acronym that stands for Less than Truckload freight. LTL freight ranges between 100 and 20,000 lbs. When the item you need shipped or transported is too large to take to a Post Office or your local parcel company, freight is seen as a more economical approach. Freight shipping is the easiest way to move large and bulky items quickly, efficiently and economically. Many commodities can be classified as LTL freight: blanket-wrapped furniture, palletized or crated appliances, motorcycles, palletized boxes, etc. If your freight weighs more than 100 lbs and does not fill a full dedicated truck, than it is likely you need to ship LTL freight.” (Source: www.FreightCenter.com)
As for your business knowledge, LTL or Less Than Truckload freight is important to understand if you are shipping products. LTL shipping provides numerous cost saving benefits for business owners and is often the most effective alternative for door-to-door shipment of non-standard goods. LTL carriers consolidate freight for travel allowing multiple customers to effectively cost average shipping costs. LTL carriers utilize a “Hub and Spoke” system of freight movement and a series of “Cross Dock” facilities that route the freight from your location to final destination. Several LTL shippers deploy lift-gate trailers to allow for residential and non-dock deliveries offering true door-to-door, last mile service.
Shipping rates do vary from carrier to carrier and are negotiable. So do your homework and talk with multiple carriers to tailor your shipping service to fit your needs.