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. Stay up-to-date with local business news and networking events from Smart Business. Chicago, IL 60601 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. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. The company is growing fast. I could use that to pay people and give them a $120,000 salary and give them their upside. Project44 CEO Jett McCandless expects at least two more acquisitions in 2021 and between two and 10 next year. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. I dont like that option. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). McCandless is a tech founder with plenty of grit under his fingernails. What would you do? The consent submitted will only be used for data processing originating from this website. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). To improve lives everywhere by creating aconnected, predictable, and sustainable world. He then tried landscaping, but that didnt work either. That was his nickname in the ring. Copyright 2023. Your email address will not be published. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. Since day one, weve never wavered from our vision of enabling amore successful and productive world. Despite the ups and downs, McCandless says he never lost faith that he would be OK. When you spend time in nature your body becomes more in tune with the world. He took unpaid ride-alongs with sales reps to work his way into sales, eventually landing Walmart as a client. I would go wakeboarding. Save my name, email, and website in this browser for the next time I comment. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. He grew up in a poor part of Chicago with a family that had little money. McCandless called Project44 a "generation two logistics company." From humble beginnings to historic growth and all the hurdles along the way, this is one you wont want to miss. 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()); . 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. Weve been able to break through that barrier. Year: Net Worth: 2019: $8 Million : 2020: $8.5 Million: 2021: 9 Million: 2022: In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. 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). And then in the blink of an eye, he lost it all. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Make sure you dont own your job, McCandless says. I can help them leave their legacy. CarrierDirect and project44 are both based in Chicago. 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. 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. He has worked with FedEx, Reebok, Adidas, L.L. In 1953, Highway 44 opened as Rte. Missing Crain's in print? Caffeinated or decaf? 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. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Movies. Copyright 2022, All Rights Reserved, FreightWaves, Inc. We're here to help! The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. I didnt do a good job cutting. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. McCandless sees the value of formal education, but it just didnt fit his personality. I hope I have more vision than that. Now I practice (mixed martial arts). In 2010, the company was sold to a private equity firm. 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()); How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? . McCandless said in the current environment and with the disruptions still mounting he has a pipeline 40 potential customers long. 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, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. I never drink coffee. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Menu. Jett Kain's Net Worth. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. Jett McCandless is founder and CEO of project44, the world's leading supply chain visibility platform. All Products; Closures; Drums and Drum Accessories; Glass Containers; Liners; Measuring Cups; Open and Tight Head Plastic Containers; Open and Tight Head Steel Containers googletag.enableServices(); Live Q&A to follow. Who knew? 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.". He got his start in the trucking business on the. Were you inspired? The new office in Paris is a symbol of that commitment. To top it off, he broke his back in a motocross accident. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. 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 McCandless, Producer: Signing Out. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. An example of data being processed may be a unique identifier stored in a cookie. 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. 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. 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. The colleagues of Jett McCandless. For me, theres no shame in it not working out.. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. 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. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. window.googletag = window.googletag || {cmd: []}; 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. 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. That was four years ago. Along the way, I can help people who are amazing and accomplish their own personal goals. Here's what they'll be after. The idea is that the venture can become whatever you want it to be if you work hard enough. Were working with the top brands in the market. 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There are companies getting close like Worldwide Express coming up on $700 million in revenue. Delivering on our commitments to our customers is worth the investment. To him, that speaks to the type of technology the company sells, but also the "hyper growth" he's aiming for. 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. googletag.pubads().enableSingleRequest(); Instagram star and life coach who became known when she was a key player in the Academy Award winning documentary Free Solo. To understand Jett's wealth, one must take into account his various sources of income. KTS KTS:pd3111028-qq-e-d-61k: PD JZX110 3111028S DIXCEL - - PayPay ,, . 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. I can just figure out a different way to do it. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. 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." 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. Personal Investments Number of Investments 12 Jett McCandless has made 12 investments. 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. Missing Crain's in print? E-mail oureditor Project44 covers global freight movement, but there's always more data it can add to boost the accuracy of the information it churns out. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. 4,957 executive movements have been recorded in the last 12 months. TV Shows. Jett McCandless is Founder and CEO of project44. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million I hope I have more vision than that. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. 130 E. Randolph St. It was a much safer environment and let me focus on school. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Menu. 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. After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . 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. WTT is ranked in Apple Podcasts top-20 Business News podcasts. 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. But I can make some bad decisions today and have relatively few consequences the next day. Movies. McCandless expects at least two more in 2021 and between two and 10 next year. 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. Stay up to date with what you want to know. Sanni McCandless (born June 30, 1992) is famous for being instagram star. }); 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. 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. Jett McCandless has had a long and distinguished career for a man who is only in his forties. He was a featured speaker at TEDx Chattanooga. 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. Own a company. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. googletag.pubads().collapseEmptyDivs(); We make supply chains work. We and our partners use cookies to Store and/or access information on a device. View this months Smart Business magazines on our easy to view, Digital Platform. Next, he founded project44the worlds leading supply chain visibility platform. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. 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 . It has more than 200 employees and raised $80 million last year. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. Click here to get the full experience on your screen. 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. Its the perfect project to serve as ournamesake. Jett McCandless is Founder and CEO of project44. That's an unusual first name. 130 E. Randolph St. Mom didn't want my nose to get broken, so I was only allowed to train. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. }); 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. The Chicago-based startup specializes in bringing much-needed visibility to the traditionally opaque world of shipping container movements. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. 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.
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