Lou Whiteman

A lot of truckers and logistics stocks down 20% or more.

Why?

A company that six months ago sold karaoke machines announced an AI platform that it says will increase trucking efficiency by 300% and eliminate the need for truckers and brokerages, basically.

Now, guys, I am willing to keep an open mind here.

I believe technology can greatly add to efficiency in the shipping business.

Look, CH Robinson, RXO, some of these leaders have been spending millions on tech.

The issue is, most of their customers still use rotary phones and paper.

So, now we're supposed to think that they are suddenly going to adopt AI?

I'm a little skeptical.

We'll see.

Maybe this company does have the answer, we'll see.

It's also possible that this is sort of the poster child for the idea that maybe the market is overreacting.

Sell first, ask questions later.

One thing I know for sure here, and I'm curious, because this is, I think, a more extreme example than what's going on with the SaaS stocks, and we'll see.

But this company that made the announcement, their market cap is $6 million.

If this system is a quarter of what they say it is,

Why don't we get together, like someone should buy them for $200 million today, subject to due diligence.

I would like them to do due diligence first.

You get the karaoke assets for free, I guess.

The reason I wanted to bring this up is, look, I don't know what's going on with logistics, maybe they're all that, but we have seen just a bloodbath in sectors this week just because companies we had never heard of have introduced AI tools that are going to disrupt.