Feb. 12 at 6:26 PM
Dow Jones Transportation Index is down -5.7%, its worst day since April w/ all 20 components trading lower, & its 3 worst-performing components all on track for their worst one-day declines on record.
Those 3 components?
$CHRW $LSTR &
$EXPD — all asset-light freight & logistics providers
They are already offering AI agents - C.H. Robinson just launched its "Lean AI" agents to automate 95% of missed pickups - this will likely reduce costs & increase productivity (saved CHRW 350 hours of manual work/day) - issue is will this cost savings be passed along to customers???
Note: CHRW ia processing 3M shipping tasks via 30+ specialized AI agents - A complex emailed load tender that used to take 4 hours now takes 90 seconds
IMHO unlikely "build at home" agents will outperform logistics providers' own AI agents
Issue IMHO is will AI allow other tangential companies to come in like an
$UBER or
$AMZN stealing share
