Logistics Stocks Sink as AI Fear Trade Finds Latest Victim
(Bloomberg) — Logistics stocks sank Thursday as investors rushed to exit the group amid fears over disruption from artificial intelligence, making it the latest casualty of the “AI scare trade.” The Russell 3000 Trucking Index dropped 10%, with CH Robinson Worldwide Inc. plunging 24% and Landstar System Inc. falling 19%. The index is on track…