AI Jitters Rattle US Trucking Stocks as Investors Fear Freight Shake-up

South Africa trucking companies are watching from the sidelines as drama unfolds in the United States, where shares of major freight and logistics companies took a proper knock this week over artificial intelligence fears.

On Thursday, big names like C.H. Robinson and RXO dropped sharply during trading, while J.B. Hunt Transport Services, XPO and Expeditors International of Washington also slid hard.

The sell-off followed the launch of a new AI freight platform called SemiCab by Algorhythm Holdings, which claims it can drastically cut inefficiencies in the freight sector.

According to the company, its system can scale freight volumes by 300% to 400% without adding more staff. It also says it can reduce empty miles by more than 70%. For context, trucks in the US are said to be running empty for nearly one in every three miles, wasting over $1 trillion annually in lost freight spend.

SemiCab CEO Ajesh Kapoor believes managing freight as a coordinated network instead of isolated loads could fundamentally change logistics economics.

Ironically, Algorhythm was previously in the in-car karaoke business before selling that division in 2025 and pivoting to AI freight tech. Its share price, which had been trading as a penny stock, surged nearly 30% after the announcement.

Analysts, however, are not convinced the sky is falling. Daniel Moore from Baird said automation is not new in logistics and reiterated positive ratings on some of the affected companies. There is a growing debate around open-source automation agents that could level the playing field for smaller operators.

At the same time, US trucking faces added uncertainty after Transport Secretary Sean P. Duffy ruled that “unqualified foreign drivers” will be barred from obtaining commercial licences, citing safety concerns.

From a South African perspective, this raises an interesting question. If AI can genuinely reduce empty miles and improve utilisation, that is something local operators would welcome. But if markets overreact, we could see investment tightening before the real impact is even understood.

One thing is clear. The global freight game is shifting, and whether you are running loads on the N3 or I-80, technology is now part of the cab conversation.