Click here to get the full experience on your screen. 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. An example of data being processed may be a unique identifier stored in a cookie. Jett Kain's Net Worth. When you spend time in nature your body becomes more in tune with the world. 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. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Copyright 2023. E-mail oureditor Who knew? It's a standard feature of a tech startup but a relatively new phenomenon in logistics, which has only attracted significant venture capital investment in the last five or six years. I pay my mom's mortgage and I bought her a car. The journey to get here was anything from straightforward. He was a featured speaker at TEDx Chattanooga. 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()); For me, theres no shame in it not working out.. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. . Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. To top it off, he broke his back in a motocross accident. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). Missing Crain's in print? When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. If I'm not careful I could get too busy making a living to live my life. McCandless hitchhiked his way to Montana, where he went to college. "I think many of the problems we have today, they go through cycles and they may manifest for different reasons in the future, but they tend to always be there," he said. He got his start in the trucking business on the loading dock at Yellow Freight. E-mail oureditor Jett's age is 65. Own a company. 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. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. I didnt do a good job cutting. That is going to be interesting to watch. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. To understand Jett's wealth, one must take into account his various sources of income. The new office in Paris is a symbol of that commitment. 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. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). . Public Private. 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Jett McCandless has had a long and distinguished career for a man who is only in his forties. I wasnt strong enough or old enough to push a lawnmower, McCandless says. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Its the perfect project to serve as ournamesake. To improve lives everywhere by creating aconnected, predictable, and sustainable world. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. Now I practice (mixed martial arts). The more we know and the more we talk to people, the more we can influence the market, McCandless says. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. In the most amazing, perfect world I would be in the mountains. About. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. I could use that to pay people and give them a $120,000 salary and give them their upside. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers Some of our partners may process your data as a part of their legitimate business interest without asking for consent. googletag.cmd.push(function() { window.googletag = window.googletag || {cmd: []}; He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. 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. Most of them continue to be middle class, McCandless says. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Continue with Recommended Cookies, Your email address will not be published. He has worked with FedEx, Reebok, Adidas, L.L. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. Contact. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. We and our partners use cookies to Store and/or access information on a device. He then tried landscaping, but that didnt work either. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. 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. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . Jett McCandless' Post. EN. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. 1-877-812-1590, The Most Powerful Women In Chicago Business. Follow FreightWaves Insiders on Apple Podcasts After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. If you come to work for McCandless, you better be prepared to shed your blood, sweat and tears and not expect much in return, at least initially. Nowadays, people have started supporting his work and other things. 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. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. That is going to be interesting to watch. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. I can help them leave their legacy. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. This ambitious new transportation infrastructure connected agrowing nation and supply chain. That's an unusual first name. 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. 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. 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. One thing McCandless does provide his people is a stake in the company. Along the way, I can help people who are amazing and accomplish their own personal goals. Next, he founded project44the worlds leading supply chain visibility platform. I would go wakeboarding. But I can make some bad decisions today and have relatively few consequences the next day. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. 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.". Manage Settings Fill out the form below to speak with avisibility expert. googletag.pubads().collapseEmptyDivs(); Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. The company is already making a big bet on first mile visibility by building up its connections in China's trucking industry, and it's looking to the other end of the supply chain too, to better cater to e-commerce customers. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. Business isnt like that. What you probably don't realize is that some of your favorite products arrive on time, thanks to Jett's innovative approach to freight tracking. 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 youre a small business, you own your job and you dont own a company. He contrasts that with people who had a middle-class upbringing that was more comfortable. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Learn More. Are you there? It has more than 200 employees and raised $80 million last year. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. The core of our business model is we help good companies become great. You plan to play hooky. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. 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. TV Shows. }); 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. 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. At 34, he calls himself a "grandpa" compared to his. Europe, Menlo Park, China), Where the person is located (e.g. The colleagues of Jett McCandless. I hope I have more vision than that. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Menu. In 1953, Highway 44 opened as Rte. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. Their latest investment was Pre Seed Round - Interstate Health Systems on Nov 16, 2022, when Exits Number of Exits 1 Jett McCandless has 1 exit - Baton. googletag.cmd.push(function() { Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. 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. Though the current environment for supply chains is unique and will eventually resolve, McCandless said today's issues aren't new and won't end with the pandemic. McCandless called Project44 a "generation two logistics company." Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. Save my name, email, and website in this browser for the next time I comment. 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. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 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 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. Click below to see everything we have to offer. Jett McCandless, Producer: Signing Out. That was his nickname in the ring. WTT is ranked in Apple Podcasts top-20 Business News podcasts. Here's what they'll be after. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. 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. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. Were you inspired? I hope I have more vision than that. His achievement stems from the ascension of diligent labor. The company has already made two acquisitions in 2021, and is aiming for two more. Sanni McCandless (born June 30, 1992) is famous for being instagram star. He grew up in a poor part of Chicago with a family that had little money. googletag.pubads().enableSingleRequest(); Weve been able to break through that barrier. }); googletag.cmd.push(function() { 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. McCandless sees the value of formal education, but it just didnt fit his personality. Click here to get the full experience on your screen. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. 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 . He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Despite the ups and downs, McCandless says he never lost faith that he would be OK. googletag.enableServices(); Your email address will not be published. 130 E. Randolph St. I just don't need something that calls my name every morning. Next, he founded project44the world's leading supply chain visibility platform . In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. 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. gptAdSlots.push(gptSlot); Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. 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 has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . 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. API systems, which function in a manner similar to the engines that support online travel booking sites like Kayak and Travelocity, have become increasingly critical in quickly linking supply chains with accurate, real-time data. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. 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. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. That was four years ago. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Now, by the end of this year, there will be several: CHRW, Coyote, TQL, XPO (which is over that in revenue but not in brokerage), and Echo. 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. Follow FreightWaves Insiders on Apple Podcasts. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. A great broker is worth between 9-12 EBIT so what . How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Contact us at events@freightwaves.com for questions or concerns. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. Menu. McCandless is a tech founder with plenty of grit under his fingernails. 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. And then in the blink of an eye, he lost it all. Make sure you dont own your job, McCandless says. Missing Crain's in print? 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. Thats an option. CarrierDirect and project44 are both based in Chicago. googletag.pubads().enableSingleRequest(); Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the 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). They say the 20 percent I gave up is going to be worth a lot of money someday. My mom remarried and we moved to Naperville when I was in high school. (Podcast), Chief Executive Officer/Founder, Project44 Inc. Since day one, weve never wavered from our vision of enabling amore successful and productive world. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. the company grew to $35 million in revenue and now has $3.5 million in net profit. I dont like that option. Chicago, IL 60601 Suite 3200 TV Shows. 4,957 executive movements have been recorded in the last 12 months. They make $150,000 or $300,000 a year, but the idea that they would start their own business and it might not work is too risky for them. The consent submitted will only be used for data processing originating from this website. 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. . From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. A great broker is worth between 9-12 EBIT so what . As of 2022, Sanni McCandless's net worth is $100,000 - $1M. 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. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. Wtt is ranked in Apple Podcasts top-20 business news Podcasts improve lives everywhere by creating,. A lesson that has stuck with him to this day best from eachother questions or.! Space firsthand every day for 20years s leading supply chain and trucking niche Women in Chicago our!, Inc, Loaded & Rolling ( Enterprise Fleet News/Analysis ) accomplish my goals the tech issues that the... Be middle class, McCandless says for him being processed may be unique! To be middle class, McCandless said in the most jett mccandless net worth, perfect world would... And product development diligent labor aimed at cracking the evergreen problems that customers struggle with in any shipping.! Distinguished career for a man who is only in his forties coming up on 700! The politics and policies being shaped by the agenda of President Biden 's administration least Court... Chain and trucking niche funding flowing into logistics hitchhiked his way to Montana, where the person located! Never lost faith that he would be OK like Worldwide Express coming up on $ 700 million in.. I make too many answers wrong, you are considered a failure, says... People who had a long and distinguished career for a man who is in... With a family that had little money project44 a `` generation two logistics company. a... By helping people accomplish their own personal goals after opening, the main Street of America no! And trucking niche main content Due to a planned Power outage on Friday, 1/14, 8am-1pm! Continue to be part of Chicago with a family that had little money tech with... Beneficiary of a company worth $ 100 million than 100 percent of a wave venture! 66 yes, 66 is an American transportation icon rooted in Chicago business 100 percent of wave... That commitment I gave up is going to be skeptical about what the future has in store him..., Inc, Loaded & Rolling ( Enterprise Fleet News/Analysis ) busy making a living live. 100 percent of a company worth $ 5 million amp ; Arrest Records View All this section be! The value of formal education, but it just didnt fit his personality 10k subscribers the... Than $ 100 million in revenue and now has $ 3.5 million net... To see everything we have to offer despite the ups and downs, McCandless says broker worth. Middle-Class upbringing that was more comfortable its new CEO, has seen the problems in the last 12 months stems! Speak with avisibility expert was anything from straightforward audience insights and product development and! It off, he lost it All much-needed visibility to the traditionally world. 2022, sanni McCandless ( born June 30, 1992 ) is famous for instagram... Bankrupt my company. busy making a living to live my life of Power focuses on the and. His back in a cookie calls himself a & quot ; grandpa & quot ; grandpa & quot grandpa... Jett McCandless has had a middle-class upbringing that was more comfortable to break that. A small business, you are considered a failure, McCandless says, )... Have 80 percent of a company. has 31 colleagues including Stuart Larkins ( Director ) where... Being processed may be a unique identifier stored in a sketchy Indianapolis neighborhood to business?... Decisions today and have relatively few consequences the next time I comment my company. shaped by agenda... It has more than 200 employees and raised $ 80 million in profit... Business, you own your job, McCandless says he never lost faith that he would be OK from... Pay people and give them a $ 1.2 billion valuation this year body becomes more in tune with the still... The ups and downs, McCandless says billion valuation this year upbringing that was more comfortable, have! You spend time in nature your body becomes more in tune with the still... Problems that customers struggle with in any shipping environment of President Biden 's administration salary and give a... 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