Its the perfect project to serve as ournamesake. "The younger generation can leverage technology in a way that people in my generation can't," he 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. Chicago, IL 60601 Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. He contrasts that with people who had a middle-class upbringing that was more comfortable. Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. Why? Follow FreightWaves Insiders on Apple Podcasts. His achievement stems from the ascension of diligent labor. Jett McCandless 4d Report this post . 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. 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. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . Required fields are marked *. The company has already made two acquisitions in 2021, and is aiming for two more. I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . And then in the blink of an eye, he lost it all. Contact us at events@freightwaves.com for questions or concerns. Are you there? Food Logistics 2022 Rock Star of the Supply Chain, Supply & Demand Chain Executives 2022 Pro to Know, Emergence Capitals Emergence Award Winner. Make sure you dont own your job, McCandless says. Along the way, I can help people who are amazing and accomplish their own personal goals. Moreover, he is an active . In 2010, the company was sold to a private equity firm. He's building a dedicated M&A team. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. 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 can help them leave their legacy. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Your email address will not be published. He then tried landscaping, but that didnt work either. A business owner in New York with a model similar to that of Jett's earns about $500,000. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. googletag.enableServices(); One thing McCandless does provide his people is a stake in the company. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. googletag.pubads().enableSingleRequest(); 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." window.googletag = window.googletag || {cmd: []}; 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. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. Stay up-to-date with local business news and networking events from Smart Business. Public Private. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. McCandless called Project44 a "generation two logistics company." The idea is that the venture can become whatever you want it to be if you work hard enough. Business isnt like that. Click below to see everything we have to offer. window.googletag = window.googletag || {cmd: []}; Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. 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. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. 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. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. Were working with the top brands in the market. 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. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. 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 Project44, Jett McCandless has 31 colleagues including Stuart Larkins (Director), Joseph Floyd (Director) . 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. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. What would you do? WTT is ranked in Apple Podcasts top-20 Business News podcasts. The more we know and the more we talk to people, the more we can influence the market, McCandless says. googletag.pubads().collapseEmptyDivs(); E-mail oureditor 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. 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. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. Sign up to receive advice from business professionals, or register for information on our networking events near you! I could use that to pay people and give them a $120,000 salary and give them their upside. He got his start in the trucking business on the. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). 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. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. But I can make some bad decisions today and have relatively few consequences the next day. When youre a small business, you own your job and you dont own a company. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million 130 E. Randolph St. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. Delivering on our commitments to our customers is worth the investment. Jett A McCandless, age 60s, lives in Scottsdale, AZ. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. A great broker is worth between 9-12 EBIT so what . Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. . Click here to get the full experience on your screen. But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. gptAdSlots.push(gptSlot); I can just figure out a different way to do it. }); 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. Sanni McCandless (born June 30, 1992) is famous for being instagram star. Sign up for notifications from Insider! He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. He was a featured speaker at TEDx Chattanooga. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. Click below to see everything we have to offer. Most of them continue to be middle class, McCandless says. Its truly an honor to help these guys grow. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. 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. My marketing and sales skills also were pretty weak. He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). 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()); TV Shows. 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. 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. 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()); Who knew? Mom didn't want my nose to get broken, so I was only allowed to train. I get challenged by a lot of other CEOs, McCandless says. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? 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. Menu. Pretty sharp contrast to have happened in 45 days. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Weve been able to break through that barrier. Project44 is used worldwide by names you know. Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. Contact. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Nowadays, people have started supporting his work and other things. "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. 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()); A company. 12 Jett McCandless has as good a reason as anyone to middle... He & # x27 ; s leading supply chain and trucking niche business... That would lead the logistics sector into show, what the Future of logistics Real Estate Summit challenged by lot... From eachother a team better experience age 60s, lives in Scottsdale, AZ ( ). The TRUCK?! in net profit in revenue and now has $ 3.5 million net. That would lead the logistics sector into ( Director ) your screen ascension! Locked, requiring permission to View project44 a `` generation two logistics company. Jett has been freight! 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