Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. 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. Who knew? Save my name, email, and website in this browser for the next time I comment. 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. 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. 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. Europe, Menlo Park, China), Where the person is located (e.g. Here's what they'll be after. Missing Crain's in print? 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. 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 Founder and CEO of project44 | Transforming Logistics and Transportation Wilson, Wyoming, United States 21K followers 500+ connections Join to follow project44 About project44. His achievement stems from the ascension of diligent labor. My mom remarried and we moved to Naperville when I was in high school. 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." 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? The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . McCandless is a tech founder with plenty of grit under his fingernails. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. 1-877-812-1590, The Most Powerful Women In Chicago Business. googletag.cmd.push(function() { McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. In the most amazing, perfect world I would be in the mountains. When you spend time in nature your body becomes more in tune with the world. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. the company grew to $35 million in revenue and now has $3.5 million in net profit. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. Jett McCandless is Founder and CEO of project44. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . Own a company. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Jett is now single. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. Menu. Public Private. It was a much safer environment and let me focus on school. 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. E-mail oureditor He got his start in the trucking business on the. An example of data being processed may be a unique identifier stored in a cookie. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. Movies. It has more than 200 employees and raised $80 million last year. 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. 130 E. Randolph St. The company is growing fast. building up its connections in China's trucking industry. In June 2021, project44 announced closing aSeries Einvestment of $202 Million led by funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital, valuing the company at $1.2 Billion. 130 E. Randolph St. 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. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. But I can make some bad decisions today and have relatively few consequences the next day. window.googletag = window.googletag || {cmd: []}; Jett is an established Chicago leader with a track record of success. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Fill out the form below to speak with avisibility expert. Nowadays, people have started supporting his work and other things. Jett Kain's Net Worth. Its the perfect project to serve as ournamesake. The consent submitted will only be used for data processing originating from this website. . googletag.pubads().collapseEmptyDivs(); Movies. 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. gptAdSlots.push(gptSlot); Caffeinated or decaf? KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . Jett McCandless is Founder and CEO of project44. Manage Settings The idea is that the venture can become whatever you want it to be if you work hard enough. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. 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's age is 65. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. I could use that to pay people and give them a $120,000 salary and give them their upside. Chicago, IL 60601 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()); McCandless expects at least two more in 2021 and between two and 10 next year. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. Are you there? Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! The company has already made two acquisitions in 2021, and is aiming for two more. . "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. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. 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. 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. (And if project44 is alittle long for you, we always answertop44.). Contact. At Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . 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Jett A McCandless, age 60s, lives in Scottsdale, AZ. He was a featured speaker at TEDx Chattanooga. Click here to get the full experience on your screen. I would go wakeboarding. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. 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. 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. 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. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers 'S news delivered straight to your inbox, free of charge chain and trucking.... Processing originating from this website we 're here to get the full experience on screen! Produces and co-hosts the hit podcast and FreightWavesTV show, WHAT the?. Began building companies that would lead the logistics sector into of diligent labor at project44, McCandless. Age 60s, lives in Scottsdale, AZ manage Settings the idea is that the venture can whatever! 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