Click below to see everything we have to offer. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. He was a featured speaker at TEDx Chattanooga. I hope I have more vision than that. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. 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. Jett McCandless 4d Report this post . View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Live Q&A to follow. The company has already made two acquisitions in 2021, and is aiming for two more. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Jett McCandless' Post. Manage Settings Jett McCandless Founder and CEO of project44 | Transforming Logistics and Transportation View articles by Jett McCandless ClearMetal Joins the project44 team May 27, 2021 423 likes45 comments. 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. It's a great release and it really keeps me focused. At 34, he calls himself a "grandpa" compared to his staff. CarrierDirect is a thought leadership and consulting company that meets with CEOs and looks for ways to shape strategy based on the vision and imagination of the leader. Jett is an established Chicago leader with a track record of success. (And if project44 is alittle long for you, we always answertop44.). googletag.enableServices(); 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. To understand Jett's wealth, one must take into account his various sources of income. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. Jett Kain's Net Worth. 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. I get challenged by a lot of other CEOs, McCandless says. To improve lives everywhere by creating aconnected, predictable, and sustainable world. 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). He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? Jett A McCandless, age 60s, lives in Scottsdale, AZ. googletag.pubads().enableSingleRequest(); My marketing and sales skills also were pretty weak. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. There are companies getting close like Worldwide Express coming up on $700 million in revenue. That was four years ago. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. 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. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Jett McCandless is Founder and CEO of project44. gptAdSlots.push(gptSlot); He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Were working with the top brands in the market. A business owner in New York with a model similar to that of Jett's earns about $500,000. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. Business isnt like that. 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()); Click below to see everything we have to offer. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. And then in the blink of an eye, he lost it all. 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. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). We make supply chains work. Nowadays, people have started supporting his work and other things. The company is growing fast. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. Mom didn't want my nose to get broken, so I was only allowed to train. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. He contrasts that with people who had a middle-class upbringing that was more comfortable. Jett McCandless Founder and CEO of project44 | Transforming Logistics and Transportation Wilson, Wyoming, United States 21K followers 500+ connections Join to follow project44 About project44. Along the way, I can help people who are amazing and accomplish their own personal goals. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: Copyright 2023. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. He grew up in a poor part of Chicago with a family that had little money. Fill out the form below to speak with avisibility expert. The journey to get here was anything from straightforward. Movies. 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. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. My mom remarried and we moved to Naperville when I was in high school. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . 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. googletag.cmd.push(function() { 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. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. He has worked with FedEx, Reebok, Adidas, L.L. building up its connections in China's trucking industry. One thing McCandless does provide his people is a stake in the company. Why? Over 8.5M assets are tracked in their system across 48+ countries. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. That is going to be interesting to watch. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. Contact. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 66s first major bypass. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. After years of running successful supply chain start-ups, his passion for logistics and technology led him to launch project44, the only 100% digital supply chain visibility provider. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . TV Shows. Click here to get the full experience on your screen. Here's what they'll be after. Now I practice (mixed martial arts). 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. Required fields are marked *. 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. McCandless cites studies that show many entrepreneurs came from backgrounds like he did where they had very little growing up, but made themselves into a success. }); 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. McCandless disagreed with the terms of the deal and was fired. I pay my people hardly anything when they get started, McCandless says. When youre a small business, you own your job and you dont own a company. 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. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. He's building a dedicated M&A team of eight to 15 people. googletag.pubads().enableSingleRequest(); . A great broker is worth between 9-12 EBIT so what . Moreover, he is an active . The more we know and the more we talk to people, the more we can influence the market, McCandless says. 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. McCandless hitchhiked his way to Montana, where he went to college. Suite 3200 Las Vegas or Rocky Mountains? Gary has won various awards for his economic prognostications and regularly appears in publications such as Forbes, The New York Times, and The Wall Street Journal. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. I would go wakeboarding. For me, theres no shame in it not working out.. This ambitious new transportation infrastructure connected agrowing nation and supply chain. Since day one, weve never wavered from our vision of enabling amore successful and productive world. The new office in Paris is a symbol of that commitment. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. window.googletag = window.googletag || {cmd: []}; Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. I never drink coffee. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. View this months Smart Business magazines on our easy to view, Digital Platform. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. He's building a dedicated M&A team. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Its truly an honor to help these guys grow. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Most of them continue to be middle class, McCandless says. This documentary-style series follows investigative journalists as they uncover the truth. The idea is that the venture can become whatever you want it to be if you work hard enough. Next, he founded project44the world's leading supply chain visibility platform . 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