See Last In First Out.
Lift on, Lift off (LO/LO): A method by which cargo is loaded onto and unloaded from an ocean vessel, which in this case is with a crane.
Lighter: A barge-type vessel used to carry cargo between shore and cargo ship. While the terms barge and lighter are used interchangeably, a barge usually refers to a vessel used for a long haul, while a lighter is used for a short haul.
Lighterage: The cost of loading or unloading a vessel by means of barges.
Line Functions: The decision-making areas companies associate with daily operations. Logistics line functions include traffic management, inventory control, order processing, warehousing, and packaging.
Line-Haul Shipment: A shipment that moves between cities and over distances more than 100 to 150 miles in length.
Line Item: A specific and unique identifier assigned to a product by the responsible enterprise.
Liner Service: International water carriers that ply fixed routes on published schedules.
Link: The transportation method a company uses to connect nodes (plants, warehouses) in a logistics system.

This definition is in context to Supply Chain. See more contextual defintions for LIFO.