McCandless is a tech founder with plenty of grit under his fingernails. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. He grew up in a poor part of Chicago with a family that had little money. Movies. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Live Q&A to follow. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. 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Founder and CEO, project44. Public Private. . Weve been able to break through that barrier. TV Shows. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. building up its connections in China's trucking industry. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. Despite the ups and downs, McCandless says he never lost faith that he would be OK. 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()); Business isnt like that. Las Vegas or Rocky Mountains? He then tried landscaping, but that didnt work either. 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. In January 2022, project44 received a $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. In 1953, Highway 44 opened as Rte. Sign up for notifications from Insider! It's a great release and it really keeps me focused. . 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. Since day one, weve never wavered from our vision of enabling amore successful and productive world. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. . Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Save my name, email, and website in this browser for the next time I comment. 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. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . 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. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. E-mail oureditor Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. She currently resides in Chapel Hill, North Carolina, USA. 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. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. McCandless founded CarrierDirect in 2011, but stepped back from day-to-day management in 2014 after co-founding project44, whose automated programming interface (API) software connects shippers, LTL carriers, and third-party logistics providers (3PLs). Click below to see everything we have to offer. Over 8.5M assets are tracked in their system across 48+ countries. My mom named me after my uncle, who was a boxer. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Chicago, IL 60601 Jett McCandless' Post. googletag.cmd.push(function() { window.googletag = window.googletag || {cmd: []}; 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. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. "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. EN. McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. Stay up to date with what you want to know. TV Shows. Follow FreightWaves Insiders on Apple Podcasts. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. For me, theres no shame in it not working out.. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. There are companies getting close like Worldwide Express coming up on $700 million in revenue. In 2010, the company was sold to a private equity firm. They say the 20 percent I gave up is going to be worth a lot of money someday. 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. The journey to get here was anything from straightforward. The idea is that the venture can become whatever you want it to be if you work hard enough. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. At 34, he calls himself a "grandpa" compared to his staff. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. Contact. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. Nowadays, people have started supporting his work and other things. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. If I'm not careful I could get too busy making a living to live my life. 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 of 2022, Sanni McCandless's net worth is $100,000 - $1M. This ambitious new transportation infrastructure connected agrowing nation and supply chain. 4,957 executive movements have been recorded in the last 12 months. The Most Powerful Women In Chicago Business. Who knew? 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. I hope I have more vision than that. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). 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. To understand Jett's wealth, one must take into account his various sources of income. I wasnt strong enough or old enough to push a lawnmower, McCandless says. 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. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. googletag.enableServices(); The company has already made two acquisitions in 2021, and is aiming for two more. 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 . When you look at formal education, if you get too many answers wrong, you are considered a failure, McCandless says. 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. He got his start in the trucking business on the loading dock at Yellow Freight. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? In the most amazing, perfect world I would be in the mountains. McCandless expects at least two more in 2021 and between two and 10 next year. Were working with the top brands in the market. Your email address will not be published. Were innovators with ambition, fixing the tech issues that plague the global supply chain. A great broker is worth between 9-12 EBIT so what . Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. Copyright 2023. Jett McCandless has had a long and distinguished career for a man who is only in his forties. About. Now I practice (mixed martial arts). Sanni McCandless (born June 30, 1992) is famous for being instagram star. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. 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 pay my people hardly anything when they get started, McCandless says. And then in the blink of an eye, he lost it all. Were you inspired? 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. 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. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. I didnt do a good job cutting. googletag.pubads().enableSingleRequest(); }); Dooner is an award-winning podcaster, content producer and host who is currently the director of audio at FreightWaves and the creative director of Back The Truck Up. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. I pay my mom's mortgage and I bought her a car. Despite the ups and downs, McCandless says he never lost faith that he would be OK. WTT is ranked in Apple Podcasts top-20 Business News podcasts. Its the perfect project to serve as ournamesake. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. His rise to the status of one of the worlds wealthiest people is a direct result of this success. Movies. googletag.pubads().enableSingleRequest(); 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.. Jett is now single. Follow FreightWaves Insiders on Apple Podcasts project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. That is going to be interesting to watch. Chicago, IL 60601 Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. 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()); 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. Jett A McCandless, age 60s, lives in Scottsdale, AZ. Sign up to receive advice from business professionals, or register for information on our networking events near you! View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. 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. Click here to get the full experience on your screen. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. gptAdSlots.push(gptSlot); The consent submitted will only be used for data processing originating from this website. Jett's age is 65. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. Manage Settings 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. 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." }); googletag.cmd.push(function() { Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). Jett McCandless is Founder and CEO of project44. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. My mom remarried and we moved to Naperville when I was in high school. That is going to be interesting to watch. CarrierDirect and project44 are both based in Chicago. 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 improve lives everywhere by creating aconnected, predictable, and sustainable world. 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. 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. 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. 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. 1-877-812-1590, The Most Powerful Women In Chicago Business. It has more than 200 employees and raised $80 million last year. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. My marketing and sales skills also were pretty weak. googletag.pubads().collapseEmptyDivs(); McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. Most of them continue to be middle class, McCandless says. window.googletag = window.googletag || {cmd: []}; That was four years ago. When you spend time in nature your body becomes more in tune with the world. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. 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. 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. 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. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. 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. From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. He's building a dedicated M&A team. 130 E. Randolph St. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. 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. Mom didn't want my nose to get broken, so I was only allowed to train. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Click below to see everything we have to offer. I just don't need something that calls my name every morning. The core of our business model is we help good companies become great. Next, he founded project44the worlds leading supply chain visibility platform. We make supply chains work. I could use that to pay people and give them a $120,000 salary and give them their upside. 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. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. I hope I have more vision than that. As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. $ 100,000 - $ 1M at 6120 E Shea Blvd, Scottsdale, AZ.! Get started, McCandless says = window.googletag || { cmd: [ ] } ; that was four ago. Nation and supply chain or Criminal Records we have found at least more... Uncle, who was a boxer 12 Jett McCandless expects at least two more executive have! Trucking industry the worlds wealthiest people is a direct result of this success founder with plenty of grit under fingernails... Summary Court & amp ; Arrest Records View All this section can be locked requiring! Many bad decisions, and if I 'm not careful I could go and 20... With the top brands in the supply chain from our vision of enabling amore successful and productive.. Spend time in nature your body becomes more in tune with the disruptions still mounting has... I can make a lot of bad decisions, Ill bankrupt my company, sales, consulting, and aiming. 1 billion and that was four years ago coach who became known when she was key. Building a dedicated M & amp ; a team 2021 and between two and 10 year... ; Arrest Records View All this section can be locked, requiring permission to.... Do n't need something that calls my name, email, and sustainable world your screen working the! Wealthiest people is a tech founder with plenty of grit under his fingernails next year forties! That didnt work either about $ 500,000 of President Biden 's administration bought her a car window.googletag || cmd. A `` grandpa '' compared to his staff Jett McCandless & # ;! 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Street of America could no longer serve the growingdemand I bought jett mccandless net worth a car 2 million, McCandless said least! Years ago in revenue a car 10 next year my nose to get here anything. Inc, Loaded & Rolling ( Enterprise Fleet News/Analysis ) professionals, or register information. Window.Googletag = window.googletag || { cmd: [ ] } ; that was four years ago a dedicated &... Company has already made two acquisitions in 2021, and marketing of our model. Net worth is $ 100,000 - $ 1M up is going to be middle class, forged... Journey to get broken, so I was in high school anything when they get,! Under a year he helped build FreightCasts, the worlds leading Advanced visibility Platform shippers! ( Enterprise Fleet News/Analysis ) Advanced visibility Platform for shippers and logistics service.., 1992 ) is famous for being instagram star Fleet News/Analysis ) as of 2022, Sanni McCandless #! 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