- Definition: LTL
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This stands for less-than-truckload. It is that portion of the freight industry that combines freight shipments from multiple carriers into one shipment. These are usually smaller and lighter freight, though typically not parcels and envelopes (which are usually handed by UPS, FedEx and the U.S. Postal Service). This sector in 2006 accounted for about $34 billion of the nation's $560 billion freight bill. The sector has been basically flat for about the last 10 years or so. Top market share belongs to FedEx Freight (about 10 percent), followed closely by Con-way, Roadway and Yellow (the latter part of YRC Worldwide).
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