By Ryan Dezember

Trucking and logistics stocks are leading market benchmarks lower, hit by the latest wave of worry from investors fearing disruption from artificial intelligence.

The Dow Jones Transport Index, which has surged to records lately, is down more than 5% and on track for its worst day since last April when President Trump unleashed his barrage of tariffs. All 20 components of the index, which includes airlines, railroads and freight firms, are trading lower. The hardest hit shares belong to logistics firms C.H. Robinson Worldwide and Landstar System, down 21% and 18%, respectively, in midday trading.

The sell-off appears to have been sparked by a news release from a Florida firm called Algorhythm Holdings, which said its SemiCab unit had boosted customers' freight volumes more than 300% "without a corresponding increase in operational headcount."

Prior to August, the company's main business was selling karaoke machines, according to securities filings. It said it sold the karaoke business in August and changed its name to Algorhythm, from The Singing Machine Company.

While the airlines, railroads and trucking firm stocks tanked Thursday, Algorhythm's own shares rose more than 30% to trade at about $1.18.

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(END) Dow Jones Newswires

February 12, 2026 13:14 ET (18:14 GMT)

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