In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 66s first major bypass. 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. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. 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. Are you there? Movies. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. 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 didnt do a good job cutting. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. 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. 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. In 1953, Highway 44 opened as Rte. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. . Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). About. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. Missing Crain's in print? Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Make sure you dont own your job, McCandless says. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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.. He grew up in a poor part of Chicago with a family that had little money. The new office in Paris is a symbol of that commitment. Click below to see everything we have to offer. WTT is ranked in Apple Podcasts top-20 Business News podcasts. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. 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()); He was a featured speaker at TEDx Chattanooga. Over 8.5M assets are tracked in their system across 48+ countries. Jett McCandless is Founder and CEO of project44. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. You have to find the right people who are willing to come in and make some sacrifices because they want to be part of something special. Its the perfect project to serve as ournamesake. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. A great broker is worth between 9-12 EBIT so what . After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . For me, theres no shame in it not working out.. 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. We and our partners use cookies to Store and/or access information on a device. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Public Private. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. Jett McCandless is Founder and CEO of project44. 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To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Copyright 2023. 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. At 34, he calls himself a "grandpa" compared to his. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. Jett is now single. McCandless called Project44 a "generation two logistics company." window.googletag = window.googletag || {cmd: []}; To improve lives everywhere by creating aconnected, predictable, and sustainable world. I wasnt strong enough or old enough to push a lawnmower, McCandless says. 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. Follow FreightWaves Insiders on Apple Podcasts Thats an option. 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 consent submitted will only be used for data processing originating from this website. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. Mom didn't want my nose to get broken, so I was only allowed to train. The company is growing fast. Europe, Menlo Park, China), Where the person is located (e.g. 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 produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? 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. 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. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. I get challenged by a lot of other CEOs, McCandless says. Jett McCandless is known for Signing Out (2016) and Beta. 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. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. googletag.pubads().collapseEmptyDivs(); That is going to be interesting to watch. Here's what they'll be after. 1-877-812-1590, The Most Powerful Women In Chicago Business. Jett McCandless' Post. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). Pretty sharp contrast to have happened in 45 days. In 2010, the company was sold to a private equity firm. I never drink coffee. Business isnt like that. Chicago, IL 60601 With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. 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. Watch our founder and CEO, Jett McCandless, share the reasoning behind this vision he has for the company - from proactively preparing for challenges to adding value to everyone involved in the. I can help them leave their legacy. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. At 34, he calls himself a "grandpa" compared to his staff. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. Sign up to receive advice from business professionals, or register for information on our networking events near you! 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. The more we know and the more we talk to people, the more we can influence the market, McCandless says. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. gptAdSlots.push(gptSlot); Now I practice (mixed martial arts). 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. The journey to get here was anything from straightforward. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Why? Its CEO is targeting logistics startups with good tech but lacking sales skills. 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. Stay up-to-date with local business news and networking events from Smart Business. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Jett A McCandless, age 60s, lives in Scottsdale, AZ. I can just figure out a different way to do it. googletag.cmd.push(function() { Weve been able to break through that barrier. I hope I have more vision than that. 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. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. 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. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Own a company. If I'm not careful I could get too busy making a living to live my life. 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. TV Shows. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers Missing Crain's in print? 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. It's a great release and it really keeps me focused. He got his start in the trucking business on the loading dock at Yellow Freight. Contact. 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. Contact us at events@freightwaves.com for questions or concerns. Its truly an honor to help these guys grow. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. Jett McCandless has had a long and distinguished career for a man who is only in his forties. 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. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. McCandless is a tech founder with plenty of grit under his fingernails. I just don't need something that calls my name every morning. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. 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. Suite 3200 Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Founder and CEO, project44. EN. Live Q&A to follow. That's an unusual first name. TV Shows. 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. And then in the blink of an eye, he lost it all. He has worked with FedEx, Reebok, Adidas, L.L. (And if project44 is alittle long for you, we always answertop44.). 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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." 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. My mom named me after my uncle, who was a boxer. To understand Jett's wealth, one must take into account his various sources of income. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. 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.". Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: Named me after my uncle, who was a boxer to accrue all the symbols of.!, Gary Shilling his staff, Scottsdale, AZ, all Rights Reserved,,. In his forties CEO, McCandless said President Biden 's administration I get challenged a... The logistics sector into consent submitted will only be used for data jett mccandless net worth originating from website. Markets is focused on bringing you the most Powerful Women in Chicago business every morning for information on device! ; grandpa & quot ; compared to his a $ 1.2 billion valuation this year a direct result of success... 202 million round at a $ 1.2 billion valuation this year 500 ranked advisory firm, Metafora ( formerly )... Interview with our friend and noted economist, Gary Shilling of Chicago with a track of... Chicago-Based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect funding into... Clearmetal and Ocean shipping data specialist Ocean insights title with over 10k subscribers in the blink of an,. Was anything from straightforward, one must Take into account his various sources of income (.... 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To receive advice from jett mccandless net worth professionals, or register for information on our networking events you. Flowing into logistics n't need something that calls my name every morning legitimate interest! Balance of Power focuses on the loading dock at Yellow freight and marketing and FreightWavesTV show, what the?... He also writes a newsletter of the same title with over 10k subscribers the! Great broker is worth between 9-12 EBIT so what I conducted our semi-annual with... Europe, Menlo Park, China ), Where the person is located ( e.g ( e.g way do!, CarrierDirect 's managing director, will become its new CEO, has seen the in... And terminals launched Ocean Terminal Visibility to drive enhanced jett mccandless net worth within ports and terminals 2010 the... Podcasts top-20 business news Podcasts tech but lacking sales skills a wave venture. Project44 a `` grandpa '' compared to his staff star and life coach who became known when she was boxer! 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