Wall Street’s Love of AI Cost Cuts Spurs C.H. Robinson Rally

The nonstop enthusiasm for artificial intelligence is spilling into the transportation business, with shares of C.H. Robinson Worldwide Inc. going on a tear after analysts praised its use of automation to boost profits.

The logistics company’s stock rose 20% on Thursday, its biggest gain since 2007, making it the best performer in the S&P 500 Index for the session. The shares closed at their highest level ever.