By Abhinav Parmar and Apratim Sarkar
Feb 23 (Reuters) – International logistics supplier C.H. Robinson’s CEO Dave Bozeman dismissed a current selloff tied to AI-led disruption within the freight business, and stated the race to undertake the expertise would spur consolidation as a substitute.
C.H. Robinson’s shares posted their largest single-day drop in roughly two years on February 12 amid a broader selloff in transportation and logistics shares, pushed by headlines about new AI-enabled freight platforms that traders worry might disrupt conventional brokerage fashions.
The inventory has recovered some floor for the reason that 14.5% hunch earlier this month. It was down 6.1% at $178.44 in afternoon buying and selling on Monday.
The selloff was triggered by AI-technology firm Algorhythm Holdings’ feedback that its SemiCab platform helps clients scale freight volumes by 300% to 400% with out including operational headcount.
In an interview with Reuters, Bozeman known as the selloff in C.H. Robinson’s inventory a “short-term response”, including that the corporate’s scale and huge proprietary information set give it a bonus that’s tough and expensive for rivals to copy.
“We’ll go into agentic synthetic intelligence that is going to make us quicker and even higher,” Bozeman added.
He expects extra business consolidation as smaller corporations face challenges competing in an AI-driven market that requires large-scale information and deep area experience – benefits which might be tough to construct rapidly even with recent capital.
C.H. Robinson final month reported
above Wall Road estimates, helped partly by AI-driven efficiencies that streamlined operations and lowered handbook processes throughout its routine features. (Reporting by Abhinav Parmar in Bengaluru; Enhancing by Leroy Leo)