Less Than Truckload (LTL) refers to a shipping and freight transportation arrangement where a shipment does not require the use of an entire truck. Instead, the available space in a truck is shared among multiple shipments from different shippers. This allows companies with smaller quantities of goods to share the cost of transportation with others, making it a cost-effective solution for shipping smaller loads.

In an LTL scenario, shipments from various customers are consolidated at a central hub or terminal, loaded onto a single truck, and then delivered to their respective destinations. LTL carriers typically use a hub-and-spoke network to efficiently move goods between terminals and distribution centers.