How a $3M Company Destroyed $17B in Freight Market Value
How could a company worth about $3 Million wipe out more than $17 Billion in transportation market value in a single day?
On February 12th, a press release from Algorhythm Holdings, a company that started its life as a karaoke machine manufacturer, announced that its AI-enabled freight platform SemiCab could reduce empty truck miles by more than 70 percent.
By midday, major logistics firms were down as much as 20 percent. C.H. Robinson, Landstar, J.B. Hunt, railroads, and airlines all felt the shockwave.
If SemiCab's technology works as described, it could reduce waste, lower emissions, and…
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