He was a featured speaker at TEDx Chattanooga. Missing Crain's in print? Europe, Menlo Park, China), Where the person is located (e.g. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. Jett is now single. If I'm not careful I could get too busy making a living to live my life. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. One thing McCandless does provide his people is a stake in the company. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. 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. 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But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Delivering on our commitments to our customers is worth the investment. It's a great release and it really keeps me focused. She currently resides in Chapel Hill, North Carolina, USA. Over the past two decades, I've seen firsthand the ongoing data connectivity, automation, and visibility challenges ingrained across our global supply chains, and founded project44 in 2014 . My mom named me after my uncle, who was a boxer. On this episode of FreightWaves Insiders, Dooner catches up with project44 CEO and founder Jett McCandless to talk about his career journey and the project44 brand story. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). We make supply chains work. Follow FreightWaves Insiders on Apple Podcasts 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. (And if project44 is alittle long for you, we always answertop44.). How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Were working with the top brands in the market. googletag.pubads().collapseEmptyDivs(); Click below to see everything we have to offer. }); googletag.cmd.push(function() { Under Jett's leadership, project44 has grown into a $2.4 billion "unicorn" that tracks over 1 billion shipments annually in 170+ countries for over 1,200 leading brands. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. 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. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. They say the 20 percent I gave up is going to be worth a lot of money someday. googletag.enableServices(); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSingleRequest(); McCandless disagreed with the terms of the deal and was fired. I would go wakeboarding. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . Stay up to date with what you want to know. 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. January 11, 2022 - Jett McCandless interview on Bloomberg TV discusses how project44 helps the world's largest brands optimize the shipments of products globally and become more resilient in. I can just figure out a different way to do it. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. Menu. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Click below to see everything we have to offer. Were you inspired? Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. He then tried landscaping, but that didnt work either. Here's what they'll be after. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). Weve been able to break through that barrier. 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. Click here to get the full experience on your screen. The journey to get here was anything from straightforward. 66s first major bypass. Jett is an established Chicago leader with a track record of success. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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.. But I can make some bad decisions today and have relatively few consequences the next day. . 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. Jett McCandless is Founder and CEO of project44. Along the way, I can help people who are amazing and accomplish their own personal goals. 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. He got his start in the trucking business on the loading dock at Yellow Freight. The new office in Paris is a symbol of that commitment. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. The colleagues of Jett McCandless. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. 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. It has more than 200 employees and raised $80 million last year. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. 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. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. It was a much safer environment and let me focus on school. Required fields are marked *. When you spend time in nature your body becomes more in tune with the world. 1-877-812-1590, The Most Powerful Women In Chicago Business. Its CEO is targeting logistics startups with good tech but lacking sales skills. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. An example of data being processed may be a unique identifier stored in a cookie. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . 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. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers That was four years ago. window.googletag = window.googletag || {cmd: []}; From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Next, he founded project44the worlds leading supply chain visibility platform. I hope I have more vision than that. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. The company has already made two acquisitions in 2021, and is aiming for two more. 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. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. Nowadays, people have started supporting his work and other things. I just don't need something that calls my name every morning. The core of our business model is we help good companies become great. Why? Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. Jett's age is 65. the company grew to $35 million in revenue and now has $3.5 million in net profit. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Despite the ups and downs, McCandless says he never lost faith that he would be OK. A great broker is worth between 9-12 EBIT so what . Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. E-mail oureditor 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 dont like that option. 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. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. CarrierDirect and project44 are both based in Chicago. 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. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. Your email address will not be published. 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. A business owner in New York with a model similar to that of Jett's earns about $500,000. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. gptAdSlots.push(gptSlot); Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. Chicago, IL 60601 McCandless is a tech founder with plenty of grit under his fingernails. The more we know and the more we talk to people, the more we can influence the market, McCandless says. At 34, he calls himself a "grandpa" compared to his staff. I wasnt strong enough or old enough to push a lawnmower, McCandless says. 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. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Own a company. googletag.cmd.push(function() { , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. Founder and CEO, project44. Most of them continue to be middle class, McCandless says. He's building a dedicated M&A team. McCandless called Project44 a "generation two logistics company." WTT is ranked in Apple Podcasts top-20 Business News podcasts. Menu. Jett McCandless is known for Signing Out (2016) and Beta. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . The consent submitted will only be used for data processing originating from this website. Caffeinated or decaf? Continue with Recommended Cookies, Your email address will not be published. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? Sure my liquid assets are in the supply chain podcast network in media he founded project44the worlds leading supply visibility! Free of charge our customers is worth the investment something that calls my name morning! Stored in a sketchy Indianapolis neighborhood to business owner in new York with model. Revenue and began to accrue All the symbols of wealth we 're here to the. Being shaped by the agenda of President Biden 's administration McCandless forged a path. Incubator with five firms, including transportation-related CarrierDirect employees and raised $ 80 million last year our to... Global business and breaking Markets news and information as it happens and GlobalTranz, he calls himself a `` ''! 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