AI Scare Triggers Logistics Selloff: CH Robinson, Landstar, McKesson Lead

Logistics stocks plunged on February 10, 2026, amid the “AI scare trade,” triggered by a rebranding of Algorhythm Holdings Inc. (AMZN: 0.00%—ticker: AYRM) from The Singing Machine Company. The company’s SemiCab platform, aimed at helping customers scale freight by 300%–400% without adding headcount, sent the Russell 3000 Trucking Index down, with CH Robinson Worldwide Inc. hitting a record 24% intraday decline and Landstar System Inc. falling. The selloff spread to drug-distribution peers McKesson Corp. and Cardinal Health Inc. Each of the broader declines reflects heightened anxiety over AI disruption potentially disintermediating truck brokers. European peers followed: DSV A/S down 11%, and Kuehne + Nagel International AG down 13%. Analysts note valuations are high and the reaction may be exaggerated, but the sell-off underscores broad market sensitivity to AI headlines. Barclays’ Oglenski and others see CH Robinson as asset-light and potentially attractive on weakness, while Citigroup’s Rosa highlights the cyclical inflection point of reduced supply and CH’s adoption of AI capabilities.