AI fears spark sell-off in shipping, freight stocks in sign 'every corner of the market' is an AI target

Software stocks have been pummeled over artificial intelligence fears in recent weeks. Now, investors can add logistics and freight names to the list of stocks getting sold on worries about AI. Shares of logistics and freight operations companies C.H. Robinson (CHRW) and Universal Logistics (ULH) suffered double-digit losses on Thursday after a little-known Florida company announced a new tool that would scale freight volumes without increasing headcount. Algorhythm Holdings (RIME) announced on Thursday ...