C.H. Robinson CEO dismisses AI-related stock selloff

Investing.com -- C.H. Robinson (NASDAQ: CHRW) CEO Dave Bozeman rejected concerns about a recent stock decline linked to artificial intelligence disruption in the freight industry, stating that the technology race will drive consolidation.

The company's shares experienced their largest single-day decline in approximately two years on February 12. The drop occurred during a wider selloff in transportation and logistics stocks, sparked by news about new AI-enabled freight platforms that investors worry could disrupt traditional brokerage models.

The selloff was triggered by comments from AI-technology company Algorhythm Holdings, which stated that its SemiCab platform is helping customers scale freight volumes by 300% to 400% without adding operational headcount.

In an interview, Bozeman described the selloff in C.H. Robinson's stock as a "short-term reaction." He said the company's scale and large proprietary data set provide an advantage that is difficult and costly for competitors to replicate.

"We're going to go into agentic artificial intelligence that's going to make us faster and even better," Bozeman said.

He anticipates increased industry consolidation as smaller companies struggle to compete in an AI-driven market that requires large-scale data and deep domain expertise. These advantages are difficult to build quickly even with fresh capital, according to Bozeman.

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