Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. That is going to be interesting to watch. "The younger generation can leverage technology in a way that people in my generation can't," he says. Were you inspired? The journey to get here was anything from straightforward. My mom remarried and we moved to Naperville when I was in high school. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. 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.". He then tried landscaping, but that didnt work either. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . 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. Chicago, IL 60601 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. McCandless is a tech founder with plenty of grit under his fingernails. You plan to play hooky. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. 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. 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. 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. 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. 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()); Menu. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). googletag.pubads().collapseEmptyDivs(); In the most amazing, perfect world I would be in the mountains. Project44 is used worldwide by names you know. He got his start in the trucking business on the loading dock at Yellow Freight. Its the perfect project to serve as ournamesake. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. gptAdSlots.push(gptSlot); In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. That was four years ago. 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. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. Continue with Recommended Cookies, Your email address will not be published. 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. He got his start in the trucking business on the. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. 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. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. googletag.enableServices(); 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. Own a company. He grew up in a poor part of Chicago with a family that had little money. 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? I never drink coffee. I wasnt strong enough or old enough to push a lawnmower, McCandless says. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. 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. 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The company is growing fast. He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. 130 E. Randolph St. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. I get challenged by a lot of other CEOs, McCandless says. 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. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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. I hope I have more vision than that. I didnt do a good job cutting. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. 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. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. Caffeinated or decaf? Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Las Vegas or Rocky Mountains? Thats an option. 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. 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. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Click here to get the full experience on your screen. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. E-mail oureditor Were working with the top brands in the market. A business owner in New York with a model similar to that of Jett's earns about $500,000. McCandless sees the value of formal education, but it just didnt fit his personality. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers 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.. Follow FreightWaves Insiders on Apple Podcasts. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. }); googletag.cmd.push(function() { 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. Jett McCandless, Producer: Signing Out. McCandless disagreed with the terms of the deal and was fired. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. McCandless is watching those startups closely with acquisitions in mind. 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. 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. Your email address will not be published. Most of them continue to be middle class, McCandless says. Weve been able to break through that barrier. His achievement stems from the ascension of diligent labor. googletag.enableServices(); Over 8.5M assets are tracked in their system across 48+ countries. Now I practice (mixed martial arts). Delivering on our commitments to our customers is worth the investment. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); He was a featured speaker at TEDx Chattanooga. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Make sure you dont own your job, McCandless says. Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. Required fields are marked *. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . My mom named me after my uncle, who was a boxer. That is going to be interesting to watch. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. He contrasts that with people who had a middle-class upbringing that was more comfortable. The core of our business model is we help good companies become great. Jett McCandless is known for Signing Out (2016) and Beta. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. Jett McCandless' Post. Its CEO is targeting logistics startups with good tech but lacking sales skills. 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. At 34, he calls himself a "grandpa" compared to his staff. Sign up for notifications from Insider! window.googletag = window.googletag || {cmd: []}; 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. googletag.cmd.push(function() { Jett McCandless 4d Report this post . . It has more than 200 employees and raised $80 million last year. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. Mom didn't want my nose to get broken, so I was only allowed to train. Jett is an established Chicago leader with a track record of success. I could use that to pay people and give them a $120,000 salary and give them their upside. In 2010, the company was sold to a private equity firm. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. Menu. Jett McCandless is Founder and CEO of project44. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. 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The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. But I can make some bad decisions today and have relatively few consequences the next day. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. 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()); He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. TV Shows. 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. Stay up-to-date with local business news and networking events from Smart Business. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. Follow FreightWaves Insiders on Apple Podcasts Nowadays, people have started supporting his work and other things. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. A great broker is worth between 9-12 EBIT so what . An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. googletag.pubads().enableSingleRequest(); McCandless called Project44 a "generation two logistics company." 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. 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. Star and life coach who became known when she was a boxer for $ million... 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