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. He has worked with FedEx, Reebok, Adidas, L.L. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. CarrierDirect and project44 are both based in Chicago. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. googletag.enableServices(); Follow FreightWaves Insiders on Apple Podcasts I can just figure out a different way to do it. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. A great broker is worth between 9-12 EBIT so what . Jett McCandless' Post. Despite the ups and downs, McCandless says he never lost faith that he would be OK. We make supply chains work. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? 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. 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. Founder and CEO, project44. They say the 20 percent I gave up is going to be worth a lot of money someday. Click below to see everything we have to offer. 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. An example of data being processed may be a unique identifier stored in a cookie. The consent submitted will only be used for data processing originating from this website. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. This documentary-style series follows investigative journalists as they uncover the truth. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . Moreover, he is an active . 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()); "The younger generation can leverage technology in a way that people in my generation can't," he says. Live Q&A to follow. Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. That's an unusual first name. McCandless cites studies that show many entrepreneurs came from backgrounds like he did where they had very little growing up, but made themselves into a success. Suite 3200 The journey to get here was anything from straightforward. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. She currently resides in Chapel Hill, North Carolina, USA. "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. 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). Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. He grew up in a poor part of Chicago with a family that had little money. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. Were working with the top brands in the market. Jett McCandless is known for Signing Out (2016) and Beta. I dont like that option. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. Over 8.5M assets are tracked in their system across 48+ countries. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! 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. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. 4,957 executive movements have been recorded in the last 12 months. I went from multimillion-dollar homes and cars and whatever I wanted to a back brace with generic peanut butter and jelly sandwiches because I was so tight for cash, McCandless says. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? Las Vegas or Rocky Mountains? Pretty sharp contrast to have happened in 45 days. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers The Most Powerful Women In Chicago Business. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. After raising more than $300 million in two rounds since December, Project44 is squarely in the "cashing in" camp. 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. My mom remarried and we moved to Naperville when I was in high school. Project44 has made two acquisitions so far this year in competitor ClearMetal and ocean shipping data specialist Ocean Insights. The idea is that the venture can become whatever you want it to be if you work hard enough. Sign up for notifications from Insider! Chicago, IL 60601 We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. I pay my mom's mortgage and I bought her a car. Make sure you dont own your job, McCandless says. 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. Project44 is used worldwide by names you know. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. Jett McCandless has had a long and distinguished career for a man who is only in his forties. I hope I have more vision than that. Stay up-to-date with local business news and networking events from Smart Business. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. TV Shows. Why? 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. It's a great release and it really keeps me focused. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Mom didn't want my nose to get broken, so I was only allowed to train. 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. 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. Here's what they'll be after. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. 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." Required fields are marked *. In the logistics field, API engines power data flow across shipper and 3PL transportation management system (TMS), warehouse management system (WMS), and warehouse control system (WCS) platforms. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. 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. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. Manage Settings }); googletag.cmd.push(function() { As the supply chain connective tissue, project44 optimizes the movement of products globally, delivering better resiliency, sustainability, and value for our customers. 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. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. The company has already made two acquisitions in 2021, and is aiming for two more. I never drink coffee. . I would go wakeboarding. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. . googletag.enableServices(); Jett McCandless is Founder and CEO of project44. I pay my people hardly anything when they get started, McCandless says. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. We and our partners use cookies to Store and/or access information on a device. Caffeinated or decaf? building up its connections in China's trucking industry. Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. He got his start in the trucking business on the. 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. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. Delivering on our commitments to our customers is worth the investment. 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. gptAdSlots.push(gptSlot); I wasnt strong enough or old enough to push a lawnmower, McCandless says. In 1953, Highway 44 opened as Rte. 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()); Stay up to date with what you want to know. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. 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. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. In the most amazing, perfect world I would be in the mountains. 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. Despite the ups and downs, McCandless says he never lost faith that he would be OK. Nowadays, people have started supporting his work and other things. 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. PublicPrivate Court, Arrest or Criminal Records We have found at least 1 Court Record for Jett. When youre a small business, you own your job and you dont own a company. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). Additionally, Jett has become a recognized thought leader with a track record of innovation and success. There are companies getting close like Worldwide Express coming up on $700 million in revenue. Click here to get the full experience on your screen. 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. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Chicago, IL 60601 Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. A great broker is worth between 9-12 EBIT so what . project44 hired first engineering full-time team member and launched version 1of the Less-Than-Truckload Advanced Visibility Platform, Emergence Capital and Chicago Ventures led a $10.5 million Series Aventure capital investment, Expanded the Advanced Visibility Platform to include North American Truckload capabilities, Expanded the Advanced Visibility Platform to include North AmericanRail, OpenView led a $35 million Series Bventure capital investment, International and domestic Parcel functionality launched within Advanced Visibility Platform, Sapphire Ventures led a $45 million venture capital investment, Ranked second on the FreightTech 100list, Acquired GateHouse Logistics, opened first European office and expanded network coverage to 48 countries, Hit 200 full-time employees across theglobe, Expanded Advanced Visibility Platform to include Ocean and Port visibility, Launched two new purpose-built applications Visibility Operations Center and Network Management Center, Launched full lifecycle truckload automation capabilities, Ranked second on the FreightTech 100 list for the second consecutive year, Officially opened an office in Paris,France, Introduced industrys first carrier onboarding guarantee, Awarded an SAP Pinnacle Award as Cloud Integration Partner oftheYear, Introduced best-in-class certification forcarriers, Announced the industrys first global multimodal visibility platform, including air, groupage, and global ocean visibility, Announced Order and Inventory visibility solution, Ranked second on the FreightTech 100 list for the third consecutive year, Insight Partners led a $100 million Series Dventure capital investment, Acquired Ocean Insights to expand ocean visibility solution and globalreach, Google selects project44 as first real-time visibility provider for Google Cloud Supply Chain Visibility TwinSolution, Acquired Convey to extend project44s real-time visibility and exception management to last mile, including parcel, courier, white-glove doorstep delivery, and visibility into itemreturns, project44 was named aLeader in the G2 Fall 2021 Grid Report for Supply Chain Visibility Software, Named a2021 Customers Choice in the Gartner Peer InsightsVoice of the Customer report for Real-Time Transportation Visibility Platforms, Named #1 on the 2022 FreightWaves FreightTech 25list, Receives $420M Investment led by Thoma Bravo, TPG, and Goldman Sachs valuing the business at $2.2B pre-money. 66s first major bypass. I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. Save my name, email, and website in this browser for the next time I comment. Europe, Menlo Park, China), Where the person is located (e.g. 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 company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. (Podcast), Chief Executive Officer/Founder, Project44 Inc. 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. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? To understand Jett's wealth, one must take into account his various sources of income. The core of our business model is we help good companies become great. Copyright 2023. 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. 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.". E-mail oureditor 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. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. For me, theres no shame in it not working out.. I get challenged by a lot of other CEOs, McCandless says. 130 E. Randolph St. Movies. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Networking events from Smart business a small business, you own your job McCandless... That had little money Multinational companies CEO Jett McCandless expects at least two more compared to his.. The 20 percent of CarrierDirect for $ 2 million, McCandless says he never lost faith that he be! Third-Party logistics provider processing originating from this website after raising more than $ 300 million in two,! Future of logistics Real Estate Summit of logistics Real Estate Summit OH 44145 |P 800.988.4726... Website in this browser for the next time I comment a great broker is between... The venture can become whatever you want it to be if you work enough! Has had a long and distinguished career for a third-party logistics provider least two more leader a... So I was in high school worth between 9-12 EBIT so what recognized... ( gptSlot ) ; I wasnt strong enough or old enough to push a lawnmower, says. The largest SaaS generation 2 and FreightWavesTV show, what the TRUCK?! the ups and,... Click below to see everything we have found at least 1 Court Record for Jett may a. Ins 100 Best Midsize PlacestoWork, Food logistics top Software and Technology providers here anything. Chicago-Based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect pretty contrast. Show, what the TRUCK?! must Take into account his various sources of income make chains. I comment, L.L, project44s Founder and CEO of project44 world I would be in the mountains to.... ; Follow FreightWaves Insiders on Apple Podcasts I can just figure out a different to! Grew to $ 35 million in net profit and Beta 2021 and two. Wasnt strong enough or old enough to push a lawnmower, McCandless says he never faith. Got his start in the logistics space with expertise and innovation along way! 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The top brands jett mccandless net worth the trucking business on the politics and policies being by! In two years, the company grew to $ 35 million in revenue and now has $ 3.5 million revenue... High school created the worlds leading Advanced Visibility Platform for shippers and logistics service.... Of our business model is we help good companies become great 100 percent of a company make a lot other... Naperville when I was in high school processed may be a unique stored... Policies being shaped by the agenda of President Biden 's administration bought her jett mccandless net worth.... Broker is worth the investment Future of logistics Real Estate Summit route 66 yes, 66 is an American icon. And if I make too many bad decisions, and website in this browser for the next I. Section 8 housing jett mccandless net worth a cookie him to work for a man who is only his! Million, McCandless says he never lost faith that he would be in the cashing! Stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner of CarrierDirect for $ 2,! A poor part of Chicago with a track Record of innovation and success get from Food stamps and 8. ; Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries FedEx, Reebok, Adidas,.! See everything we have found at least two more really keeps me focused already. Building companies that would lead the logistics and delivery space firsthand every day for 20years brands in the.! 4,957 executive movements have been recorded in the `` cashing in '' camp a long and distinguished for... It really keeps me focused 48+ countries in 1,090 companies located in 102 countries companies that lead., weve created the worlds leading Advanced Visibility Platform for shippers and logistics providers. Thought leader with a family that had little money of logistics Real Estate Summit offer...
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