C.H. Robinson Worldwide (NASDAQ:CHRW) stock plunged 20% on Thursday, leading a broader selloff in the freight transportation sector. Investors are rotating out of labor-intensive business models that could be disrupted by AI advancements in freight logistics. The market’s reaction follows recent announcements from AI technology companies, such as Algorhythm Holdings (NASDAQ:RIME), that claim significant efficiency gains in reducing empty freight miles.
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C.H. Robinson stock tumbles amid freight sector AI disruption fears
C.H. Robinson Worldwide (NASDAQ:CHRW) stock plunged 20% on Thursday, leading a broader selloff in the freight transportation sector. Investors are rotating out of labor-intensive business models that could be disrupted by AI advancements in freight logistics. The market’s reaction follows recent announcements from AI technology companies, such as Algorhythm Holdings (NASDAQ:RIME), that claim significant efficiency gains in reducing empty freight miles.