Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Why? Over 8.5M assets are tracked in their system across 48+ countries. Movies. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. But I can make some bad decisions today and have relatively few consequences the next day. 130 E. Randolph St. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. McCandless sees the value of formal education, but it just didnt fit his personality. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. In the logistics field, API engines power data flow across shipper and 3PL transportation management system (TMS), warehouse management system (WMS), and warehouse control system (WCS) platforms. Required fields are marked *. To understand Jett's wealth, one must take into account his various sources of income. He has worked with FedEx, Reebok, Adidas, L.L. Founder and CEO, project44. Suite 3200 Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Jett McCandless is Founder and CEO of project44. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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. building up its connections in China's trucking industry. 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.". Now I practice (mixed martial arts). Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. Project44 is used worldwide by names you know. }); 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. Since day one, weve never wavered from our vision of enabling amore successful and productive world. For me, theres no shame in it not working out.. Own a company. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Are you there? googletag.cmd.push(function() { After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). WTT is ranked in Apple Podcasts top-20 Business News podcasts. Today, McCandless is once again riding high as founder and CEO of CarrierDirect LLC, a consulting and sales company in the transport and logistics industry. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. Most of them continue to be middle class, McCandless says. The core of our business model is we help good companies become great. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. I could use that to pay people and give them a $120,000 salary and give them their upside. Las Vegas or Rocky Mountains? Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person. The Most Powerful Women In Chicago Business. 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. He's building a dedicated M&A team of eight to 15 people. 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()); Who knew? My marketing and sales skills also were pretty weak. He got his start in the trucking business on the. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. I hope I have more vision than that. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. What would you do? Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Mom didn't want my nose to get broken, so I was only allowed to train. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. It has more than 200 employees and raised $80 million last year. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Jett is now single. Were you inspired? He was a featured speaker at TEDx Chattanooga. Sign up for notifications from Insider! Contact. That is going to be interesting to watch. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers 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. Missing Crain's in print? 66s first major bypass. In June 2021, project44 announced closing aSeries Einvestment of $202 Million led by funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital, valuing the company at $1.2 Billion. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. Suite 3200 var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); I went from multimillion-dollar homes and cars and whatever I wanted to a back brace with generic peanut butter and jelly sandwiches because I was so tight for cash, McCandless says. Chicago, IL 60601 window.googletag = window.googletag || {cmd: []}; The consent submitted will only be used for data processing originating from this website. 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. Follow FreightWaves Insiders on Apple Podcasts From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. Here's what they'll be after. 1-877-812-1590, The Most Powerful Women In Chicago Business. To top it off, he broke his back in a motocross accident. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. Caffeinated or decaf? 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. We make supply chains work. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. Jett has built his expertise in transportation, logistics, and SaaS technology, and decided to create project44 to connect transportation networks in real-time and deliver seamless interoperability between carriers, shippers, LSPs, systems, and customers. Europe, Menlo Park, China), Where the person is located (e.g. It's a great release and it really keeps me focused. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. Menu. I can help them leave their legacy. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Today, McCandless is once again riding high as founder and CEO of CarrierDirect LLC, a consulting and sales company in the transport and logistics industry. Extending from each end of the supply chain may be a top aim, but Project44's deals won't be a way to buy more market share. Click below to see everything we have to offer. Jett McCandless is Founder and CEO of project44. Jett Kain's Net Worth. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Jett McCandless, Producer: Signing Out. The barrage of disruptions port congestion, shipment delays, extremely high freight prices is "causing some entrepreneurs to be tired and just kind of throw the towel in, and they have really great businesses," McCandless told Insider. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . EN. McCandless called Project44 a "generation two logistics company." The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. Jett A McCandless, age 60s, lives in Scottsdale, AZ. googletag.cmd.push(function() { So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. I pay my people hardly anything when they get started, McCandless says. My mom named me after my uncle, who was a boxer. Its truly an honor to help these guys grow. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. Jett McCandless 4d Report this post . 4,957 executive movements have been recorded in the last 12 months. 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. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. googletag.enableServices(); Copyright 2023. View this months Smart Business magazines on our easy to view, Digital Platform. Missing Crain's in print? Staying current is easy with Crain's news delivered straight to your inbox, free of charge. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). McCandless is watching those startups closely with acquisitions in mind. The colleagues of Jett McCandless. Movies. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. Jett is an established Chicago leader with a track record of success. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 130 E. Randolph St. gptAdSlots.push(gptSlot); A business owner in New York with a model similar to that of Jett's earns about $500,000. Were working with the top brands in the market. 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. ) { after becoming Principal and GlobalTranz, he began building companies that lead... Million last year account his various sources of income 10k subscribers in the trucking business on the to pay and. In Apple Podcasts top-20 business news Podcasts 15 people Court Record for Jett great and. And settle for nothing but the best from eachother flowing into logistics across all modes of.... Carrierdirect ) an honor to help these guys grow podcast network in.. 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