Trucking

Trucking and logistics stocks plummeted Thursday on fears that new AI tools, like Algorhythm Holdings’ SemiCab platform, could drastically improve freight efficiency and reduce demand for services. SemiCab claims to boost capacity and cut empty miles significantly, challenging traditional logistics models. This market reaction underscores investor concerns about AI’s disruption of established industries, even as some analysts argue automation is an ongoing trend.

Freightos and Forward Air Corporation are expanding their partnership, enabling digital bookings for LTL and linehaul trucking on the 7LFreight by WebCargo platform. This integration offers forwarders access to Forward’s extensive network across North America and Mexico, streamlining bookings and improving overall logistics efficiency, with plans to add digital payment and cartage services.