Roughly,. the larger the aperture (lower the f stop number) The more light that the lens will let in. Usually this does not mean that the lens can't be stopped down to a stop of a much higher number,. but the lower number as advertised is the maximum opening the lens will achieve.
As a general rule,. the lower the number listed, the better the lens as it will let in more light. Some of the Canon "L" lenses such as the one you mention will maintain an f2.8 aperture throughout its entire Zoom range. This is a relatively new technology,. and makes for a remarkably flexible lens. Truly some of the best there is.
Most zoom lenses however will give you two f stop numbers. One for its widest zoom setting and one for the extreme telephoto. Invariably the telephoto end will have a higher f stop, as you increase zoom,. less available light is let in. Again this is why the f 2.8 "L" lenses are so sought after.