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0.000280762955044053 -0.00213807460755091 -0.00146289315253485 -0.00129409778878084 -0.000787711697518791 0.00410735385134749 0.00478253530636355 -0.00112530242502682
Stock impact report

C.H. Robinson CEO says AI will drive freight brokerage consolidation [Yahoo! Finance Canada]

C.H. Robinson Worldwide, Inc. (CHRW) 
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.chrobinson.com
Feb 23 (Reuters) - Global logistics provider C.H. Robinson's CEO Dave Bozeman dismissed a recent selloff ?tied to AI-led disruption in the freight industry, and ?said the race to adopt the technology would spur consolidation instead. C.H. Robinson's shares ?posted their biggest single-day drop in roughly two years on February 12 amid a broader selloff in transportation and logistics stocks, driven by headlines about new AI-enabled freight platforms that investors fear could ?disrupt traditional brokerage models. The ?stock has recovered some ground since the 14.5% slump earlier this month. It was down 6.1% at $178.44 ?in afternoon trading on Monday. The selloff was triggered by AI-technology company Algorhythm Holdings' comments that its SemiCab platform is helping customers scale ?freight ?volumes by 300% to 400% without ?adding operational headcount. In an ?interview with Reuters, Bozeman called the selloff in C.H. Robinson's stock a "short-term reaction", adding that the c Show less Read more
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