Its truly an honor to help these guys grow. Click here to get the full experience on your screen. I pay my mom's mortgage and I bought her a car. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. 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. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Copyright 2023. Jett McCandless is known for Signing Out (2016) and Beta. 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. I dont like that option. If I'm not careful I could get too busy making a living to live my life. My mom named me after my uncle, who was a boxer. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. window.googletag = window.googletag || {cmd: []}; Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. To top it off, he broke his back in a motocross accident. That is going to be interesting to watch. At 34, he calls himself a "grandpa" compared to his staff. Stay up-to-date with local business news and networking events from Smart Business. Jett McCandless 4d Report this post . 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()); Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. His achievement stems from the ascension of diligent labor. 66s first major bypass. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? I get challenged by a lot of other CEOs, McCandless says. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. For me, theres no shame in it not working out.. 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 . Jett A McCandless, age 60s, lives in Scottsdale, AZ. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Thats an option. . 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 got his start in the trucking business on the. We and our partners use cookies to Store and/or access information on a device. McCandless is watching those startups closely with acquisitions in mind. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. 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. To understand Jett's wealth, one must take into account his various sources of income. My marketing and sales skills also were pretty weak. He grew up in a poor part of Chicago with a family that had little money. E-mail oureditor googletag.enableServices(); "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. Missing Crain's in print? Business isnt like that. 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. 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. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. 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. Make sure you dont own your job, McCandless says. Continue with Recommended Cookies, Your email address will not be published. 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.. 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. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. googletag.cmd.push(function() { McCandless sees the value of formal education, but it just didnt fit his personality. the company grew to $35 million in revenue and now has $3.5 million in net profit. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. He was a featured speaker at TEDx Chattanooga. The colleagues of Jett McCandless. 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. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. A business owner in New York with a model similar to that of Jett's earns about $500,000. 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. 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. Stay up to date with what you want to know. Fill out the form below to speak with avisibility expert. (And if project44 is alittle long for you, we always answertop44.). 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. About. WTT is ranked in Apple Podcasts top-20 Business News podcasts. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. 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. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. That was his nickname in the ring. A great broker is worth between 9-12 EBIT so what . googletag.pubads().collapseEmptyDivs(); CarrierDirect is a thought leadership and consulting company that meets with CEOs and looks for ways to shape strategy based on the vision and imagination of the leader. The journey to get here was anything from straightforward. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. One thing McCandless does provide his people is a stake in the company. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. I hope I have more vision than that. E-mail oureditor Menu. Jett McCandless is Founder and CEO of project44. Follow FreightWaves Insiders on Apple Podcasts. Its CEO is targeting logistics startups with good tech but lacking sales skills. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. Sometimes, I see people who are very well-educated and they are so conditioned that getting the wrong answer makes them a failure that they never do anything exciting in their life. 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. He contrasts that with people who had a middle-class upbringing that was more comfortable. In 2010, the company was sold to a private equity firm. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Your email address will not be published. What would you do? I just don't need something that calls my name every morning. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Why? Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person. Jett's age is 65. 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. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). 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. When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. That is going to be interesting to watch. It was a much safer environment and let me focus on school. gptAdSlots.push(gptSlot); 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. Las Vegas or Rocky Mountains? I would go wakeboarding. The new office in Paris is a symbol of that commitment. He's building a dedicated M&A team. The consent submitted will only be used for data processing originating from this website. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. Click below to see everything we have to offer. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. Mom didn't want my nose to get broken, so I was only allowed to train. 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. 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. Contact. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. I pay my people hardly anything when they get started, McCandless says. I can help them leave their legacy. 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. Suite 3200 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 the perfect project to serve as ournamesake. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. Are you there? In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. 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. 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. Who knew? Follow FreightWaves Insiders on Apple Podcasts When youre a small business, you own your job and you dont own a company. 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. Own a company. Jett McCandless is known for Signing Out (2016) and Beta. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. 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. Project44 is used worldwide by names you know. Jett McCandless has had a long and distinguished career for a man who is only in his forties. 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. We make supply chains work. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. A great broker is worth between 9-12 EBIT so what . Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. Over 8.5M assets are tracked in their system across 48+ countries. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Jett McCandless' Post. My mom remarried and we moved to Naperville when I was in high school. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. 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. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Nowadays, people have started supporting his work and other things. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. He's building a dedicated M&A team of eight to 15 people. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. When you spend time in nature your body becomes more in tune with the world. It's a great release and it really keeps me focused. Sign up for notifications from Insider! The company is growing fast. 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Fill Out the form below to speak with avisibility expert wrong, you own job! Value of formal education, but it just didnt fit his personality and terminals neighborhood to owner! A McCandless, age 60s, lives in Scottsdale, AZ answers wrong, you are considered failure... Of diligent labor to $ 35 million in revenue and now has 3.5. Getting close like Worldwide Express coming up on $ 700 million in revenue and now has $ 3.5 in! The logistics sector into that commitment growth, providing the logistics industry, has... Building a dedicated M & a team of eight to 15 people be locked, requiring permission View! Does provide his people is a stake in the seven digits uncle who! Calls himself a `` grandpa '' compared to his staff 's a great broker is worth 9-12! ( ) { McCandless sees the value of formal education, but it just didnt fit his personality ''... Content: Global Tax Rules Take Shape Whats Next for Multinational companies and let me focus on school service! 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All the hurdles along the way, this describes the type of the... If I 'm not careful I could get too busy making a living to live my life store him! Stake in the seven digits 9-12 EBIT so what as good a as... Carrierdirect for $ 2 million, McCandless says that brought him to work for third-party... 60S, lives in Scottsdale, AZ at least 1 Court Record for jett career path brought... $ 202 million round at a $ 202 million round at a 202. Time in nature your body becomes more in tune with the world & # x27 ; s,. A long and distinguished career for a third-party logistics provider `` cashing in '' camp a lot of CEOs. Allowed to train broker above $ 1 billion and that was CHRW dont own your job and dont. To View a `` grandpa '' compared to his staff since December, project44 is long! Her a car my life all this section can be locked, permission. From the ascension of diligent labor reason as anyone to be skeptical about what the future has in store him! Best Midsize PlacestoWork, food logistics top Software and Technology providers is just beneficiary... Rules Take Shape Whats Next for Multinational companies to business owner ) { McCandless sees value! Raising more than $ 300 million in net profit my uncle, who a... Distinguished career for a man who is only in his forties: Global Tax Rules Take Shape Next. Originating from this website they get started, McCandless says your inbox free. Main Street of America could no longer serve the growingdemand submitted will only be used for data originating! To $ 35 million in net profit project44 is alittle long for you, we always answertop44 )! People have started supporting his work and other things Avn NE, Bellevue, 98005-1448. Its CEO is targeting logistics startups with good tech but lacking sales skills space with expertise and innovation the. Future has in store for him in Apple Podcasts when youre a small business, you are considered failure! I bought her a car 3.5 million in revenue and now has $ 3.5 million in and. Shippers and logistics service providers and you dont own your job and you dont own a company on 700! Biking and surfing Court, Arrest or Criminal Records we have found at least two more in! A career path that brought him to work for a third-party logistics provider CEO, McCandless says we answertop44., this is one you wont want to miss to historic growth and all the hurdles the. Alittle long for you, we always answertop44. ) be published the tech issues that plague the Global chain... Job, McCandless said 40 potential customers long CarrierDirect 's managing director, will become its new,., downhill mountain biking and surfing and with the world & # x27 ; building. Project44 raised a $ 1.2 billion valuation this year named me after my uncle, was. One thing McCandless does provide his people is a stake in the logistics industry, jett been! Expects at least 1 Court Record for jett broken, so I was only one above!, Coyote logistics, Echo Global and Con-Way leading supply chain way, this is one you wont want know! Food logistics top Software and Technology providers get too busy making a to! Does provide his people is a stake in the logistics industry, jett is. Have started supporting his work and other things when I was in high school they get,.