You'll hear these words a lot in the telecommunications industry, and they refer (broadly) to the different mediums on which the signals travel. In our analogy of the US Mail system, these are the roads. Roads can be gravel roads full of potholes, or smooth superhighways. To get from one side of the state to the other you will probably use a combination of road types, and that will affect your travel time and if traffic and weather will be an issue.
Same with the network. Some mediums are fast, some are slow. Let's unpack each one.