Contact us at events@freightwaves.com for questions or concerns. 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. Its truly an honor to help these guys grow. I wasnt strong enough or old enough to push a lawnmower, McCandless says. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. 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. And then in the blink of an eye, he lost it all. Follow FreightWaves Insiders on Apple Podcasts 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. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. To improve lives everywhere by creating aconnected, predictable, and sustainable world. Own a company. Caffeinated or decaf? googletag.pubads().collapseEmptyDivs(); Your email address will not be published. 1-877-812-1590, The Most Powerful Women In Chicago Business. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. Live Q&A to follow. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. 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 . Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. You plan to play hooky. He's building a dedicated M&A team of eight to 15 people. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. 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. Jett McCandless, Producer: Signing Out. 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. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. Delivering on our commitments to our customers is worth the investment. Click below to see everything we have to offer. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Missing Crain's in print? Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. But I can make some bad decisions today and have relatively few consequences the next day. I could use that to pay people and give them a $120,000 salary and give them their upside. Save my name, email, and website in this browser for the next time I comment. The company is growing fast. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. 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. The consent submitted will only be used for data processing originating from this website. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. 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. My mom named me after my uncle, who was a boxer. His achievement stems from the ascension of diligent labor. 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. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Jett Mccandless is one of the most popular faces on the globe. They say the 20 percent I gave up is going to be worth a lot of money someday. His rise to the status of one of the worlds wealthiest people is a direct result of this success. 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. Moreover, he is an active . 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. Jett McCandless' Post. McCandless expects at least two more in 2021 and between two and 10 next year. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. 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. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. TV Shows. I can help them leave their legacy. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. That is going to be interesting to watch. 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. McCandless is a tech founder with plenty of grit under his fingernails. 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. Business isnt like that. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Stay up-to-date with local business news and networking events from Smart Business. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. googletag.cmd.push(function() { As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. window.googletag = window.googletag || {cmd: []}; He's building a dedicated M&A team. Are you there? I pay my people hardly anything when they get started, McCandless says. Manage Settings Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. Why? Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. 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. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. 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. 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. Next, he founded project44the world's leading supply chain visibility platform . This ambitious new transportation infrastructure connected agrowing nation and supply chain. McCandless disagreed with the terms of the deal and was fired. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. For me, theres no shame in it not working out.. Were you inspired? After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. This documentary-style series follows investigative journalists as they uncover the truth. TV Shows. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. 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. Nowadays, people have started supporting his work and other things. 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. building up its connections in China's trucking industry. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. The new office in Paris is a symbol of that commitment. I get challenged by a lot of other CEOs, McCandless says. That is going to be interesting to watch. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. I didnt do a good job cutting. . I pay my mom's mortgage and I bought her a car. 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. 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