economy
February 12, 2026
Trucking and logistics stocks drop on release of AI freight scaling tool
A new tool from AI company Algorhythm Holdings has made trucking companies the latest victim of the market's AI jitters.
TL;DR
- Trucking and logistics stocks fell due to fears that AI tools could reduce demand for industry services.
- Algorhythm Holdings' new AI platform, SemiCab, reportedly allows for 300%-400% freight volume scaling without additional staff.
- SemiCab is said to reduce 'empty freight miles' by over 70%, a significant factor in the industry's annual $1 trillion in lost freight spending.
- C.H. Robinson and RXO saw significant drops, with J.B. Hunt, XPO, and Expeditors International also declining.
- Algorhythm's shares surged after the announcement of its AI freight platform, a pivot from its previous focus on in-car karaoke systems.
- A ruling by U.S. Transportation Secretary Sean P. Duffy to prohibit 'unqualified foreign drivers' from obtaining commercial licenses is also being monitored.
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