What does the term "Less than Truckload" (LTL) refer to?

The term "Less than Truckload" (LTL) specifically refers to shipments that do not fill an entire truck's capacity. This type of shipping is used when the volume or weight of the cargo is insufficient to warrant the cost of a full truckload, which typically requires a larger shipment that fills the truck. LTL shipments allow companies to share truck space, making it a cost-effective option for small to medium-sized shipments that are often less than what would be needed for traditional truckload pricing.

This definition aligns with the concept of shipping efficiencies, as LTL services allow multiple shippers to combine their shipments into a single vehicle. Hence, businesses opting for LTL shipping can benefit from reduced costs while still ensuring their goods are transported effectively.

The other choices do not encapsulate the definition of LTL accurately, as they address criteria that do not relate to the core concept of LTL freight shipping.