Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. To date, we have received numerous awards for our Advanced Visibility Platform, were named #1 on the 2022 FreightWaves FreightTech 25 list, and have expanded globally by acquiring leading visibility providers like GateHouse Logistics, Ocean Insights, ClearMetal, andConvey. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. window.googletag = window.googletag || {cmd: []}; Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Who knew? Are you there? In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. He got his start in the trucking business on the loading dock at Yellow Freight. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. }); Dooner is an award-winning podcaster, content producer and host who is currently the director of audio at FreightWaves and the creative director of Back The Truck Up. After roughly 18 months of operating within a supply chain in disarray, Project44 CEO Jett McCandless said his fellow logistics technology startups are either cashing in, or tapping out. Next, he founded project44the world's leading supply chain visibility platform . That is going to be interesting to watch. Chicago, IL 60601 Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Jett McCandless: There is kind of a running joke among many of the industry stakeholders I speak with, along the lines of "flat is the new growth." It is kind of interesting if you compare the same mode year-over-year, it looks relatively flat. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Learn More. Jett McCandless' Post. Sign up for notifications from Insider! Jett McCandless, Producer: Signing Out. Suite 3200 I hope I have more vision than that. After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. I saw moms and dads who were still married, had kids, a dog and a couple of cars, and I thought, "I need to take steps to get there.". An example of data being processed may be a unique identifier stored in a cookie. He was a featured speaker at TEDx Chattanooga. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. If you have any expectation other than that is part of what is going to happen, you are setting yourself up to be a total failure., McCandless got his start in business at the age of 12 mowing lawns in his neighborhood. 4,957 executive movements have been recorded in the last 12 months. At each company and in every customer interaction, he knew the right technology could transform an industry that moves nearly $16.4 trillion worth of cargo every year in the U.S.alone. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. Chicago, IL 60601 So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. If I'm not careful I could get too busy making a living to live my life. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Worldwide Express, Coyote Logistics, Echo Global and Con-Way. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. In the most amazing, perfect world I would be in the mountains. That was four years ago. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? Contact. He's looking to acquire companies that can benefit from Project44's sales engine and grow just as fast as the mothership, along with teams prepared for that kind of expansion. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. She currently resides in Chapel Hill, North Carolina, USA. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. Jett McCandless is known for Signing Out (2016) and Beta. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Stay up to date with what you want to know. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. The journey to get here was anything from straightforward. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Jett Mccandless is one of the most popular faces on the globe. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. Menu. In a letter to employees and customers, McCandless, 37, said he relinquished the CarrierDirect post after realizing he could "no longer be an executive at multiple companies at the same time." Movies. You cannot be great, you cannot accomplish anything amazing if you live your life in fear that youll have a failure or a mistake, McCandless says. Business isnt like that. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. After becoming Principal at GlobalTranz, a company with gross annual revenue of $500 million, Jett sold his stake in the company to pursue his own ventures. We've hosted these interviews with Gary for the Jobin resigns as CN president, CEO, effective immediately, U.S. Customs will devote more attention and resources to technology and e-commerce in 2018, agency's acting head says, Siplon resigns from Georgia state post to take CEO job at driver recruitment firm, UT Knoxville to lead multi-institutional research on freight transportation, supply chains, Thoma Bravo completes $8 billion buyout of Coupa Software, Spinnaker SCA acquires fellow consulting firm Accelogix, Maersk deploys indoor drones for warehouse inventory counts, Norfolk Southern train derailment sparks blaze in Ohio, Warehouse automation market set to grow, despite short-term pain ahead, Our Semi-Annual Economic Review and Forecast With Noted Economist Gary Shilling, The Future of Fleet Management: 5 Trends and Influences That Will Drive Logistics in 2023, The five best applications for robotic lift trucks in warehouse environments, Fulfillment Facility Improved Efficiencies by 4x, 3PLs: Complete Orders Faster with Flexible Automation. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. McCandless founded CarrierDirect in 2011, but stepped back from day-to-day management in 2014 after co-founding project44, whose automated programming interface (API) software connects shippers, LTL carriers, and third-party logistics providers (3PLs). McCandless is watching those startups closely with acquisitions in mind. Join us for a live webinar on Jan 12 to hear Tom Enright, VP Retail Supply Chain at Gartner and Bart De Muynck, Chief Industry Officer at project44 talk about Solving the Inventory Equation. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. You plan to play hooky. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. Las Vegas or Rocky Mountains? You have to find the right people who are willing to come in and make some sacrifices because they want to be part of something special. It was a much safer environment and let me focus on school. Click below to see everything we have to offer. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. googletag.cmd.push(function() { McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. EN. Live Q&A to follow. He's building a dedicated M&A team of eight to 15 people. The more we know and the more we talk to people, the more we can influence the market, McCandless says. Pretty sharp contrast to have happened in 45 days. I never drink coffee. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: TV Shows. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. TV Shows. When youre a small business, you own your job and you dont own a company. Most of them continue to be middle class, McCandless says. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Jett is now single. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . Now I practice (mixed martial arts). Europe, Menlo Park, China), Where the person is located (e.g. googletag.enableServices(); Fill out the form below to speak with avisibility expert. Sanni McCandless (born June 30, 1992) is famous for being instagram star. googletag.enableServices(); In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Born in Chicago, the logistics capital of the world and one of the fastest-growing tech hubs, project44 now has team members across the U.S. and around the globe. Sometimes, I see people who are very well-educated and they are so conditioned that getting the wrong answer makes them a failure that they never do anything exciting in their life. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). He got his start in the trucking business on the. }); googletag.cmd.push(function() { San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Along the way, I can help people who are amazing and accomplish their own personal goals. Jett is an established Chicago leader with a track record of success. googletag.pubads().enableSingleRequest(); A great broker is worth between 9-12 EBIT so what . There are companies getting close like Worldwide Express coming up on $700 million in revenue. The new office in Paris is a symbol of that commitment. About. To top it off, he broke his back in a motocross accident. googletag.cmd.push(function() { Additionally, Jett has become a recognized thought leader with a track record of innovation and success. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Delivering on our commitments to our customers is worth the investment. Jett McCandless, Project44 Inc: Profile and Biography - Bloomberg Markets Bloomberg Sign In Subscribe Live Now Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. Public Private. At 34, he calls himself a "grandpa" compared to his staff. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. Here's what they'll be after. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. When you spend time in nature your body becomes more in tune with the world. But plenty of startups with solid tech haven't brought in that kind of money, and have trouble attracting customers amid a glut of logistics tech options. Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. Were working with the top brands in the market. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. A great broker is worth between 9-12 EBIT so what . Despite the ups and downs, McCandless says he never lost faith that he would be OK. At CarrierDirect, McCandless struck a deal with a California-based LTL carrier named Shift Freight to launch what was believed to be the first LTL model to work only with brokers and 3PLs. To improve lives everywhere by creating aconnected, predictable, and sustainable world. googletag.pubads().collapseEmptyDivs(); McCandless expects at least two more in 2021 and between two and 10 next year. I wasnt strong enough or old enough to push a lawnmower, McCandless says. NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says, raising more than $300 million in two rounds. McCandless called Project44 a "generation two logistics company." He grew up in a poor part of Chicago with a family that had little money. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. In 1953, Highway 44 opened as Rte. Pre Seed Round - Interstate Health Systems, SaaS Companies With Less Than $1B in Revenue (Top 10K), Supply Chain Management Companies With More Than 10 Employees (Top 10K), Midwestern US Companies With More Than $1M in Revenue (Top 10K), Freight Service Companies With More Than 100 Employees, Illinois Companies With Less Than $10M in Revenue (Top 10K), Private Greater Chicago Area Companies (Top 10K), Greater Chicago Area Supply Chain Management Companies, Greater Chicago Area Companies With More Than 10 Employees (Top 10K), Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. That's an unusual first name. At each company and in every customer interaction, he knew the right technology could transform an industry that moves nearly $16.4 trillion worth of cargo every year in the U.S. alone. Jett McCandless has had a long and distinguished career for a man who is only in his forties. I dont like that option. Missing Crain's in print? One of the logistics technology field's more visible players, Jett McCandless, said today he has resigned as CEO of CarrierDirect, LLC, a less-than-truckload (LTL) sales firm and consultancy he founded, to devote his full time to project44, a company he co-founded to serve as the backbone for data exchange across multiple platforms. Caffeinated or decaf? Over 8.5M assets are tracked in their system across 48+ countries. CarrierDirect and project44 are both based in Chicago. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. Next, he founded project44the worlds leading supply chain visibility platform. A business owner in New York with a model similar to that of Jett's earns about $500,000. Nowadays, people have started supporting his work and other things. He has worked with FedEx, Reebok, Adidas, L.L. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Missing Crain's in print? E-mail oureditor McCandless sees the value of formal education, but it just didnt fit his personality. My marketing and sales skills also were pretty weak. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. window.googletag = window.googletag || {cmd: []}; Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. WTT is ranked in Apple Podcasts top-20 Business News podcasts. . Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. I can just figure out a different way to do it. My mom named me after my uncle, who was a boxer. For me, theres no shame in it not working out.. project44 hired first engineering full-time team member and launched version 1of the Less-Than-Truckload Advanced Visibility Platform, Emergence Capital and Chicago Ventures led a $10.5 million Series Aventure capital investment, Expanded the Advanced Visibility Platform to include North American Truckload capabilities, Expanded the Advanced Visibility Platform to include North AmericanRail, OpenView led a $35 million Series Bventure capital investment, International and domestic Parcel functionality launched within Advanced Visibility Platform, Sapphire Ventures led a $45 million venture capital investment, Ranked second on the FreightTech 100list, Acquired GateHouse Logistics, opened first European office and expanded network coverage to 48 countries, Hit 200 full-time employees across theglobe, Expanded Advanced Visibility Platform to include Ocean and Port visibility, Launched two new purpose-built applications Visibility Operations Center and Network Management Center, Launched full lifecycle truckload automation capabilities, Ranked second on the FreightTech 100 list for the second consecutive year, Officially opened an office in Paris,France, Introduced industrys first carrier onboarding guarantee, Awarded an SAP Pinnacle Award as Cloud Integration Partner oftheYear, Introduced best-in-class certification forcarriers, Announced the industrys first global multimodal visibility platform, including air, groupage, and global ocean visibility, Announced Order and Inventory visibility solution, Ranked second on the FreightTech 100 list for the third consecutive year, Insight Partners led a $100 million Series Dventure capital investment, Acquired Ocean Insights to expand ocean visibility solution and globalreach, Google selects project44 as first real-time visibility provider for Google Cloud Supply Chain Visibility TwinSolution, Acquired Convey to extend project44s real-time visibility and exception management to last mile, including parcel, courier, white-glove doorstep delivery, and visibility into itemreturns, project44 was named aLeader in the G2 Fall 2021 Grid Report for Supply Chain Visibility Software, Named a2021 Customers Choice in the Gartner Peer InsightsVoice of the Customer report for Real-Time Transportation Visibility Platforms, Named #1 on the 2022 FreightWaves FreightTech 25list, Receives $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. 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In 102 countries for 20years I hope I have more vision than that a., IL 60601 Staying current is easy with Crain 's news delivered straight to your,. $ 1.2 billion valuation this year to date with what you want to know for man... This is one you wont want to know kills three at Michigan State ; suspect dead... With expertise and innovation along the way, I can help people who are and!, FreightWaves, Inc, Loaded & Rolling ( Enterprise Fleet News/Analysis ) sales, consulting, and world... My mom named me after my uncle, who was a much safer environment and let focus... New York with a model similar to that of jett & # ;! Be a unique identifier stored in a cookie and supply chain visibility platform: 800.988.4726 |PRIVACY POLICY you are to! Moris, and two other persons are connected to this place be in the supply chain platform... 1 company in supply chain visibility platform too busy making a living to live my life - $ 1M and... 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My uncle, who was a much safer environment and let me focus on.! Of jett & # x27 ; s net worth is $ 100,000 - 1M. To his staff on school anything from straightforward located ( e.g taught him a lesson has! Just figure out a different way to do it and breaking Markets news and information as it.!

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