To understand Jett's wealth, one must take into account his various sources of income. Since day one, weve never wavered from our vision of enabling amore successful and productive world. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. 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. 66s first major bypass. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. They say the 20 percent I gave up is going to be worth a lot of money someday. googletag.pubads().enableSingleRequest(); The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. TV Shows. It's a great release and it really keeps me focused. 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. building up its connections in China's trucking industry. 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. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Follow FreightWaves Insiders on Apple Podcasts Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. Click here to get the full experience on your screen. 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. She currently resides in Chapel Hill, North Carolina, USA. Thats an option. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. What would you do? 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Follow FreightWaves Insiders on Apple Podcasts. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. Own a company. Bean, Hasbro, Louis Vuitton, and many more high level clients across the full spectrum of the supply chain. If I'm not careful I could get too busy making a living to live my life. He grew up in a poor part of Chicago with a family that had little money. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. Its the perfect project to serve as ournamesake. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: To improve lives everywhere by creating aconnected, predictable, and sustainable world. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. It was a much safer environment and let me focus on school. Jett McCandless' Post. CarrierDirect and project44 are both based in Chicago. The new office in Paris is a symbol of that commitment. Sanni McCandless (born June 30, 1992) is famous for being instagram star. His rise to the status of one of the worlds wealthiest people is a direct result of this success. He was a featured speaker at TEDx Chattanooga. Founder and CEO, project44. Business isnt like that. 1-877-812-1590, The Most Powerful Women In Chicago Business. window.googletag = window.googletag || {cmd: []}; 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. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Jett McCandless is Founder and CEO of project44. 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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. McCandless disagreed with the terms of the deal and was fired. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. 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. Nowadays, people have started supporting his work and other things. Jett McCandless 4d Report this post . Stay up-to-date with local business news and networking events from Smart Business. Are you there? 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. 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. Make sure you dont own your job, McCandless says. The colleagues of Jett McCandless. . Were you inspired? (And if project44 is alittle long for you, we always answertop44.). At 34, he calls himself a "grandpa" compared to his staff. Jett McCandless has had a long and distinguished career for a man who is only in his forties. Public Private. googletag.pubads().collapseEmptyDivs(); But I can make some bad decisions today and have relatively few consequences the next day. 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. Movies. Continue with Recommended Cookies, Your email address will not be published. The Most Powerful Women In Chicago Business. 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. Jett Kain's Net Worth. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. From humble beginnings to historic growth and all the hurdles along the way, this is one you won't want to miss. He got his start in the trucking business on the. WTT is ranked in Apple Podcasts top-20 Business News podcasts. Now I practice (mixed martial arts). He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Click below to see everything we have to offer. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. He then tried landscaping, but that didnt work either. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. 130 E. Randolph St. 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. googletag.pubads().enableSingleRequest(); 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. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. The consent submitted will only be used for data processing originating from this website. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. This documentary-style series follows investigative journalists as they uncover the truth. googletag.cmd.push(function() { Delivering on our commitments to our customers is worth the investment. Live Q&A to follow. Missing Crain's in print? 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. Menu. 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. I hope I have more vision than that. Caffeinated or decaf? Worldwide Express, Coyote Logistics, Echo Global and Con-Way. 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. I wasnt strong enough or old enough to push a lawnmower, McCandless says. 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. Copyright 2023. 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()); McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. Suite 3200 Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. . McCandless expects at least two more in 2021 and between two and 10 next year. 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. Manage Settings Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. 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. I get challenged by a lot of other CEOs, McCandless says. He got his start in the trucking business on the loading dock at Yellow Freight. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. About. 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.". 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. When youre a small business, you own your job and you dont own a company. It has more than 200 employees and raised $80 million last year. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. Pretty sharp contrast to have happened in 45 days. Jett A McCandless, age 60s, lives in Scottsdale, AZ. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? Weve been able to break through that barrier. Its truly an honor to help these guys grow. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Suite 3200 We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. Additionally, Jett has become a recognized thought leader with a track record of innovation and success. 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. And then in the blink of an eye, he lost it all. 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 . 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. 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. Why? By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . 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