define ltl industry
LTL is a type of ground freight transportation that combines shipments from multiple customers. Businesses choose this budget-friendly option when the consumer demand for their products is average or stable. Less than truckload shipping is affordable for small business because you share the transportation costs with other companies, and use a third-party logistics (3PL) company. Each company takes up a portion of the truck for their goods and only pays according to the amount of product shipped and the length of travel.