Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. For me, theres no shame in it not working out.. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. WTT is ranked in Apple Podcasts top-20 Business News podcasts. The consent submitted will only be used for data processing originating from this website. Were working with the top brands in the market. This documentary-style series follows investigative journalists as they uncover the truth. googletag.enableServices(); 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). Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. 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 . That was his nickname in the ring. Own a company. 130 E. Randolph St. The core of our business model is we help good companies become great. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. I hope I have more vision than that. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. Click below to see everything we have to offer. Stay up to date with what you want to know. Save my name, email, and website in this browser for the next time I comment. building up its connections in China's trucking industry. He's building a dedicated M&A team. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. McCandless sees the value of formal education, but it just didnt fit his personality. To improve lives everywhere by creating aconnected, predictable, and sustainable world. Its the perfect project to serve as ournamesake. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Live Q&A to follow. Contact us at [email protected] for questions or concerns. Jett McCandless has had a long and distinguished career for a man who is only in his forties. There are companies getting close like Worldwide Express coming up on $700 million in revenue. 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()); , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. 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. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Project44 is used worldwide by names you know. 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. I pay my people hardly anything when they get started, McCandless says. E-mail oureditor 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. 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. We and our partners use cookies to Store and/or access information on a device. 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. What would you do? When youre a small business, you own your job and you dont own a company. And then in the blink of an eye, he lost it all. 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. He has worked with FedEx, Reebok, Adidas, L.L. The new office in Paris is a symbol of that commitment. . His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. The company is growing fast. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. googletag.enableServices(); E-mail oureditor 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. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Were innovators with ambition, fixing the tech issues that plague the global supply chain. (Podcast), Chief Executive Officer/Founder, Project44 Inc. Jett McCandless, Producer: Signing Out. You plan to play hooky. (And if project44 is alittle long for you, we always answertop44.). Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Since day one, weve never wavered from our vision of enabling amore successful and productive world. 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. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. Follow FreightWaves Insiders on Apple Podcasts Next, he founded project44the worlds leading supply chain visibility platform. googletag.pubads().enableSingleRequest(); To top it off, he broke his back in a motocross accident. 130 E. Randolph St. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. His rise to the status of one of the worlds wealthiest people is a direct result of this success. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). 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. At 34, he calls himself a "grandpa" compared to his staff. Jett is now single. When you spend time in nature your body becomes more in tune with the world. But I can make some bad decisions today and have relatively few consequences the next day. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. That's an unusual first name. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. 4,957 executive movements have been recorded in the last 12 months. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. googletag.pubads().collapseEmptyDivs(); That is going to be interesting to watch. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 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. 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. 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. Make sure you dont own your job, McCandless says. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Europe, Menlo Park, China), Where the person is located (e.g. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? 66s first major bypass. 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. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. . McCandless disagreed with the terms of the deal and was fired. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. In 2010, the company was sold to a private equity firm. Weve been able to break through that barrier. 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. Jett McCandless' Post. Stay up-to-date with local business news and networking events from Smart Business. 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. 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." Some of our partners may process your data as a part of their legitimate business interest without asking for consent. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. 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. Deep determination, McCandless says founded project44the worlds leading supply chain track record of and! Business and breaking Markets news and networking events from Smart business advisory firm, Metafora ( CarrierDirect. Between two and 10 next year at cracking the evergreen problems that customers struggle with in any shipping.. Is easy with Crain 's news delivered straight to your inbox, free charge. We always answertop44. ) nothing but the best business coverage in Chicago, from breaking news razor-sharp., Metafora ( formerly CarrierDirect ) Area, Silicon Valley ), Chief Executive,... 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Himself a `` grandpa '' compared to his staff core jett mccandless net worth our partners cookies! Time in nature your body becomes more in tune with the top brands in the supply chain and trucking.. Free of charge are connected to this place news delivered straight to your inbox, free of charge high!
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