Turvo’s Logistics Platform Enables Entire Supply Chain to Work Together

Turvo - logisticsJune 17, 2020 (FreightWaves) - Now five years into its journey, logistics startup Turvo is gaining traction, has landed a high-profile client for its product in Ryder System, and is focused on transforming what visibility means for a freight industry traditionally focused on silos.

“Visibility is not just a dot on the map, it’s how do you connect it to the organization,” Turvo founder Jeff Dangelo explained to FreightWaves. “There’s context around it. If this [delivery] is late, am I going to miss a sales deadline? It’s more than a blue dot [on a screen].”

Turvo is a “collaborative logistics platform” that is designed to bring order to chaos. It launched its logistics platform in 2017. The platform allows shippers, brokers and carriers to work together in real-time, providing shipment visibility, artificial intelligence (Al)-powered productivity tools, and secure collaboration, the company said.

"While other solutions focus on narrower aspects of logistics, such as on-demand trucking, freight forwarding, or track-and-trace of goods, Turvo spans the entire supply chain from orders and shipments to invoices and payments,” the company said at the time.

Dangelo said building the infrastructure that allows all parties to communicate seamlessly is harder than most people think.

“The network infrastructure is the hardest thing to start with,” he said. “You have to think who the audiences are you are starting with. It’s not just adding modules, but how will brokers, ports, truck drivers [and more] interact. They are all going to have their own views so when you build a solution, you have to think how [it is] going to be effective.”

Launched in 2015, Turvo received an initial $25 million in Series A financing led by Activant Capital, with participation from existing investors Felicis Ventures, Upside Partnership, Slow Ventures and Tony Fadell. In the summer of 2019, Turvo acquired ODYN, an AI-enabled visibility platform with the goal of accelerating the integration of connected sensors to its platform.

Just this month, Turvo was chosen by Ryder to backbone a new digital platform called RyderShare. The technology integrates data from multiple transportation and warehouse management systems into a single platform and allows all parties involved in a supply chain to easily see potential problems and inefficiencies and take real-time action to course correct, Ryder said.

According to Ryder, early customers have reduced emails and phone calls for an increase of up to 50% in productivity; a 35% labor efficiency savings with improved ability to plan receiving dock labor; and instant revenue recognition through document capture that includes real-time proof of delivery that reduces document delays by as many as five days. One customer, Ryder said, boosted its on-time performance rating from 95% to 99%.

Dangelo said the company now has 28,000 organizations interacting with Turvo’s solutions in some capacity, including nearly 1,000 companies like Ryder that are using the product as a key technology for their operation.

The full story is available at: www.freightwaves.com

SOURCE: FreightWaves