Source: Wikipedia.
Air Unit Load Device
Unit load devices (ULD) come in several dimensions and are
designed to fit the bellyhold of a jet plane, particularly
wide-bodied aircrafts. The number of containers that can
be fitted is a function of the length of the cargo area.
The loading of ULDs is rather simple as it involves rolling
in the container. 32 such ULD can be loaded in a 747-400.
ULDs offer several advantages:
They use standardized sizes and equipment that
fit in most commercial aircrafts.
Faster handling (loading and unloading) and
tracking of the cargo.
The main drawback is that ULDs can only by used for
air cargo operations and a transfer to another mode
(trucking) requires consolidating or deconsolidating the
loads carried.