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Stock impact report

Trucking and logistics stocks drop on release of AI freight scaling tool [MSNBC.com]

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
Company Research Source: MSNBC.com
Shares of several trucking and logistics companies declined Thursday on fears that new artificial intelligence tools could slash major freight inefficiencies, leading to less demand for the industry's services.A new tool from companyAlgorhythm Holdingshistoric sell-off in software stocksreal estate companiesLeading trucking and logistics stocksC.H. RobinsonRXOJ.B. Hunt ServicesXPOExpeditors International of WashingtonThere's an "emerging debate around open-source automation agents such as Molt Bot that offer increased potential to automate routine back-office tasks and help equalize the technology playing field for smaller operators," said Baird analyst Daniel Moore in a note.He reiterated his outperform ratings on C.H. Robinson and Expeditors, saying "automation is not a new theme."Algorhythm announced earlier this week that its SemiCab's platform, deployed with live customers, is allowing operators to scale freight volumes by 300% to 400% without increasing their headcount. Accord Show less Read more
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