Based on the Fokker-Planck equation we investigate the transport of an overdamped colloidal particle in a static, asymmetric periodic potential supplemented by a time-dependent, delayed feedback force, F fc . For a given time t, F fc depends on the status of the system at a previous time t − τD, with τD being a delay time, specifically on the delayed mean particle displacement (relative to some "switching position"). For non-zero delay times F fc (t) develops nearly regular oscillations generating a net current in the system. Depending on the switching position, this current is nearly as large or even larger than that in a conventional open-loop rocking ratchet. We also investigate thermodynamic properties of the delayed non-equilibrium system and we suggest an underlying Langevin equation which reproduces the Fokker-Planck results.