![]() ![]() It’s not uncommon for drivers to spend hours waiting to procure a container or unload a shipment, as ports quickly become crowded with traffic and stacks of empty containers.įor both carriers, it makes more sense to perform a street turn. They need empty containers to haul goods from their warehouses back to the shipyard. Meanwhile, nearby exporters are also en route to the port, says Sellers. importers incurred more than $850 million in demurrage fees. These fines, better known as demurrage fees, range from $300 to $600 a day. After unloading the freight at a warehouse, the drivers hustle back to return the empty containers before the last free day (LFD) - the last day a container can be out of the port before the importer is fined. In the traditional system, Sellers explains, importers drive to the port to pick up shipping containers filled with goods. “This type of technology is long overdue.” “The traditional system is wildly inefficient,” says CCIM Chief Economist and Ports and Logistics Expert KC Conway. More than 500 trucking companies across the country are employing the software, including notable heavyweights JB Hunt, Swift and Knight Transportation. The platform is already being utilized in six seaports - Los Angeles, Long Beach, New York, New Jersey, Savannah, Houston - and in Memphis’s inland port. Since launching nine months ago, Qualle has gained major traction. Sellers says the newly injected capital will be used to mature its software and support this North American expansion. ports and all 560 Canadian ports, over the next 12 months. The tardy announcement comes as the once stealthy company prepares to roll out its platform in all 360 U.S. Plug n Play Ventures, Lynett Capital and the Filipski group all signed checks. ![]() Today, the startup’s CEO, Tyler Sellers revealed his company pocketed $1.5 million in a pre-seed round last June. Qualle - a Nashville-based software company that aims to move shipping containers more efficiently - benefited from the 2022 logistics investment rush. Last year, venture investors pumped a record $41 billion into startups developing technology to unsnarl and optimize supply chains, according to Pitchbook data. Where the world saw problems, investors saw opportunity and began pouring cash into logistics startups. The pandemic magnified and exacerbated the bottlenecks within the logistics industry. Tyler Sellers, CEO and co-founder of Qualle, a Nashville-based logistics tech startup ![]()
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