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0.00196721311475417 -0.00242622950819675 -0.0110819672131147 0.00895081967213121 0.0672131147540984 0.0317704918032787 0.0583278688524591 0.0975081967213115
Stock impact report

Trucking and logistics stocks tumble on release of AI freight scaling tool [CNBC]

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: CNBC
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 AI company Algorhythm Holdings has made trucking companies the latest victim of the market's AI jitters, adding to the historic sell-off in software stocks and real estate companies . The notable market rotation has come as investors are increasingly scrutinizing traditional businesses that may not be able to keep up with rapid advancements in AI. Leading trucking and logistics stocks C.H. Robinson and RXO dropped more than 20% each during Thursday's session. J.B. Hunt Transportation Services declined about 9%, while XPO lost nearly 7.9% and logistics company Expeditors International of Washington fell nearly 16.5%. There's an “emerging debate around open-source automation agents such as Molt Bot that offer increased potential to automate routine back-off Show less Read more
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