Knight-Swift's Intermodal Segment Nears Breakeven in Q4 Amid Cost-Cutting Efforts

Knight-Swift Transportation Holdings' intermodal segment nearly broke even in Q4 with an adjusted operating ratio of 100.1%, a 140 basis point improvement from 101.5% a year prior. Revenue per load increased 2.8%, while revenue fell 3.4% YoY due to a 6% drop in load count. The carrier credited cost reductions and structural improvements for the gain, and plans to continue focusing on cost control until freight demand returns.