Its the perfect project to serve as ournamesake. As of 2022, Sanni McCandless's net worth is $100,000 - $1M. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. Public Private. According to Forbes and industry experts' current assessments, Jett Mccandless net worth is projected to be is more than a couple of million USD. What would you do? Its truly an honor to help these guys grow. . Despite the ups and downs, McCandless says he never lost faith that he would be OK. McCandless hitchhiked his way to Montana, where he went to college. It has more than 200 employees and raised $80 million last year. 4,957 executive movements have been recorded in the last 12 months. But the experiences mowing grass and landscaping taught him a lesson that has stuck with him to this day. Nowadays, people have started supporting his work and other things. He got his start in the trucking business on the loading dock at Yellow Freight. He's building a dedicated M&A team of eight to 15 people. He has steered multiple companies through accelerated growth, providing the logistics space with expertise and innovation along the way. To top it off, he broke his back in a motocross accident. "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. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. The new office in Paris is a symbol of that commitment. . After becoming Principal and GlobalTranz, he began building companies that would lead the logistics sector into . 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.enableServices(); Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. This documentary-style series follows investigative journalists as they uncover the truth. 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. Route 66 yes, 66 is an American transportation icon rooted in Chicago, our hometown. When youre a small business, you own your job and you dont own a company. 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. gptAdSlots.push(gptSlot); Jett is now single. The company is growing fast. 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. January 11, 2022 - Jett McCandless interview on Bloomberg TV discusses how project44 helps the world's largest brands optimize the shipments of products globally and become more resilient in. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. 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. 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. 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. McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. Since day one, weve never wavered from our vision of enabling amore successful and productive world. Required fields are marked *. Founder and CEO, project44. I never drink coffee. I hope I have more vision than that. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Next, he founded project44the worlds leading supply chain visibility platform. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. googletag.pubads().enableSingleRequest(); Jett is an established Chicago leader with a track record of success. the company grew to $35 million in revenue and now has $3.5 million in net profit. A great broker is worth between 9-12 EBIT so what . So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Suite 3200 TV Shows. Click below to see everything we have to offer. CarrierDirect and project44 are both based in Chicago. 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. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. Stay up-to-date with local business news and networking events from Smart Business. Save my name, email, and website in this browser for the next time I comment. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. It was a much safer environment and let me focus on school. Own a company. The consent submitted will only be used for data processing originating from this website. 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. Jett McCandless' Post. View this months Smart Business magazines on our easy to view, Digital Platform. 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. Who knew? But afew decades after opening, the Main Street of America could no longer serve the growingdemand. 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. The company generates more than $100 million in annual recurring revenue (ARR), the largest SaaS generation 2 . Jett McCandless is Founder and CEO of project44. In 1953, Highway 44 opened as Rte. Terry T Mccandless, Marylou L Moris, and two other persons are connected to this place. In under a year he helped build FreightCasts, the worlds largest logistics and supply chain podcast network in media. I wasnt strong enough or old enough to push a lawnmower, McCandless says. Caffeinated or decaf? You plan to play hooky. Now I practice (mixed martial arts). Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. McCandless called Project44 a "generation two logistics company." 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. How did you get from food stamps and Section 8 housing in a sketchy Indianapolis neighborhood to business owner? Jett McCandless, 40 Co-founder, CEO, Project 44 John Pletz Tweet More McCandless is a tech founder with plenty of grit under his fingernails. In 2010, the company was sold to a private equity firm. Worldwide Express, Coyote Logistics, Echo Global and Con-Way. 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. Were you inspired? I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. At 34, he calls himself a "grandpa" compared to his staff. If I'm not careful I could get too busy making a living to live my life. View their profile including current address, phone number 425-885-XXXX, background check reports, and property record on Whitepages, the most trusted online directory. Las Vegas or Rocky Mountains? Manage Settings Baton is a tech-enabled hub and spoke network of drop zones and local drivers that eliminates last-mile inefficiency in long haul trucking. I pay my mom's mortgage and I bought her a car. Skip to main content Due to a planned power outage on Friday, 1/14, between 8am-1pm PST, some services may be impacted. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. McCandless expects at least two more in 2021 and between two and 10 next year. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. About 1 in 1,000,000 are are probably worth over $2b (and yes, I pulled that statistic out of my butt, lol). His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. 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. Jett McCandless is known for Signing Out (2016) and Beta. I just don't need something that calls my name every morning. 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I hope I have more vision than that. 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. EN. 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()); Jett A McCandless, age 60s, lives in Scottsdale, AZ. . Dooner has been in freight since 2005 and has held directors positions in operations, sales, consulting, and marketing. Jett Mccandless overall profits are growing every day, and he's also gaining a lot of attention from the public. That's an unusual first name. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. McCandless is a tech founder with plenty of grit under his fingernails. The colleagues of Jett McCandless. He helped the company grow to $80 million in revenue and began to accrue all the symbols of wealth. Business isnt like that. 835 SHARON DRIVE, SUITE 200, CLEVELAND, OH 44145 |P: 800.988.4726 |PRIVACY POLICY. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. Project44 is used worldwide by names you know. It's a great release and it really keeps me focused. }); 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 could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. 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. , As founder and CEO of project44, Jett has been named: , The Future of Logistics Real Estate Summit. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). (Podcast), Chief Executive Officer/Founder, Project44 Inc. That was his nickname in the ring. 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." He then tried landscaping, but that didnt work either. This ambitious new transportation infrastructure connected agrowing nation and supply chain. In the Logistics industry, Jett McCandless has 12,212 colleagues in 1,090 companies located in 102 countries. The core of our business model is we help good companies become great. Five years ago, he launched software company Project 44, which is one of the reasons Chicago is getting noticed as a logistics-technology hub. For me, theres no shame in it not working out.. One thing McCandless does provide his people is a stake in the company. Menu. 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()); Pre Seed Round - Interstate Health Systems, SaaS Companies With Less Than $1B in Revenue (Top 10K), Supply Chain Management Companies With More Than 10 Employees (Top 10K), Midwestern US Companies With More Than $1M in Revenue (Top 10K), Freight Service Companies With More Than 100 Employees, Illinois Companies With Less Than $10M in Revenue (Top 10K), Private Greater Chicago Area Companies (Top 10K), Greater Chicago Area Supply Chain Management Companies, Greater Chicago Area Companies With More Than 10 Employees (Top 10K), Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. Jett McCandless is Founder and CEO of project44. 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. 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. 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. 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. Are you there? Click here to get the full experience on your screen. I didnt do a good job cutting. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. 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. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. building up its connections in China's trucking industry. 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. Fill out the form below to speak with avisibility expert. Most of them continue to be middle class, McCandless says. WTT is ranked in Apple Podcasts top-20 Business News podcasts. 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.". Staying current is easy with Crain's news delivered straight to your inbox, free of charge. That is going to be interesting to watch. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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