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.

Logistics shares tumble as AI automation claims shake investors

Logistics shares tumble as AI automation claims shake investors ...
Business Wire

World’s Foremost Freight and Logistics Software Innovator Reenergized as KNNX Corp. (Formerly DLT Labs)

TORONTO--(BUSINESS WIRE)--DLT Labs, the world’s foremost freight and logistics software innovator, is now KNNX Corp. (pronounced “Connects”), effective October 4, 2023. This transition reflects KNNX’s ...

Logistics stocks get spooked by a penny-stock AI pitch

AI automation fears hit logistics stocks as C.H. Robinson, XPO and Old Dominion slide after Algorhythm claims 300–400% ...

Shares in trucking and logistics firms plunge after AI freight tool launch

SemiCab platform by Algorhythm, previously considered a ‘penny stock’, sparks ‘category 5 paranoia’ across sector ...
Fleet Owner

Uber Freight unveils new freight bid software, generative AI

Uber Freight is doubling down on software-as-a-service, launching what it calls its "most comprehensive" TMS update yet, a software platform to allow shippers access to more carriers, and a new ...

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

The sell-off that started in tech has spread through a multitude of sectors as investors attempt to navigate the "AI scare trade." ...