Logistics investors plunge cash into ‘proof of delivery’ tech startup
Eric Johnson, Senior Technology Editor | Sep 13, 2021 10:10AM EDT
A software vendor focused on letting shippers collect digitalized proof of delivery (POD) for drayage, less-than-truckload (LTL), expedited air, and final-mile moves has snagged a $5.5 million round of funding to expand the reach of its platform.
New Jersey-based Clockwork Logistics Systems, founded in 2017 by INTTRA veteran Rob Haney, provides a means to enable shippers and logistics services providers (LSPs) to collect information on shipment delivery that has been difficult to integrate in the past, owing to the myriad differences among systems and messaging formats used by facilities that receive goods. It does so by tapping into the GPS location of the driver making the delivery and providing a neutral structure across LSPs, facilities, container terminals, and other yards.
The company has, in particular, found a growing use case around capturing and avoiding detention and demurrage (D&D) costs by helping coordinate correct container and chassis pickups and drop-offs.
“D&D is driving urgency in the drayage space,” Haney told JOC.com. “There are up to eight legs potentially on drayage. It’s very easy for the driver to move the wrong container to the wrong location. You have to put technology in the driver’s hands to solve it in the moment. You can’t run a terminal if 40 percent of appointments are missed. It just becomes chaos. The ports want to know when drivers will arrive so they can stage containers according to those arrivals.”