Logistics Stocks Sink as AI Fear Trade Finds Latest Victim

The Russell 3000 Trucking Index dropped 7.8%, with CH Robinson Worldwide Inc. at one point plunging by a record 24%, and Landstar System Inc. falling 18%. The index is on track for its worst day since President Donald Trump enacted his so-called Liberation Day tariffs last year. Drug distribution stocks were also caught up in the selloff, with McKesson Corp. and Cardinal Health both sliding more than 4%.