At CarrierDirect, McCandless struck a deal with a California-based LTL carrier named Shift Freight to launch what was believed to be the first LTL model to work only with brokers and 3PLs. Sign up to receive advice from business professionals, or register for information on our networking events near you! googletag.cmd.push(function() { In 2010, the company was sold to a private equity firm. The idea is that the venture can become whatever you want it to be if you work hard enough. Why? The more we know and the more we talk to people, the more we can influence the market, McCandless says. Jett McCandless, project44s Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20years. Most of them continue to be middle class, McCandless says. 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.". 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. We make supply chains work. Live Q&A to follow. Jett has two decades of experience working in the transportation and logistics space, guiding multiple startups from ideation stages through to growth and scaling. 66s first major bypass. Who knew? Mom didn't want my nose to get broken, so I was only allowed to train. My mom named me after my uncle, who was a boxer. Emergence Capital partner Joe Floyd talks to Jett McCandless about his journey as an entrepreneur and how he founded project44, bringing digitization to the. Business isnt like that. Main competitor Fourkites, data-driven freight brokerage Flexport, trucking tech startup KeepTruckin, and others brought in rounds of $100 million and above this year. Jett's reported annual income is about $30 - 39,999; with a net worth that tops $25,000 - $49,999. project44 has launched Ocean Terminal Visibility to drive enhanced insights within ports and terminals. Last week I conducted our semi-annual interview with our friend and noted economist, Gary Shilling. 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()); I can help them leave their legacy. The company is growing fast. Jett is now single. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. googletag.cmd.push(function() { I could go and sell 20 percent of CarrierDirect for $2 million, McCandless says. He produces and co-hosts the hit podcast and FreightWavesTV show, WHAT THE TRUCK?!? Peter Rentschler, CarrierDirect's managing director, will become its new CEO, McCandless said. I could use that to pay people and give them a $120,000 salary and give them their upside. 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." Own a company. TV Shows. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? I'd rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million . Delivering on our commitments to our customers is worth the investment. 1-877-812-1590, Gunman kills three at Michigan State; suspect found dead. His next few acquisitions will be aimed at cracking the evergreen problems that customers struggle with in any shipping environment. McCandless is a tech founder with plenty of grit under his fingernails. Jett's age is 65. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing, We use cookies to provide you with a better experience. Jett maintains relationships with many people -- family, friends, associates, & neighbors -- including Sandra Simons, , Birk Mccandless, Tina Terry and Jean Mccandless. Were working with the top brands in the market. 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. And then in the blink of an eye, he lost it all. Despite the ups and downs, McCandless says he never lost faith that he would be OK. The residency of Jett is at 3602 140th Avn NE, Bellevue, WA 98005-1448. Your email address will not be published. Read Full Summary Court & Arrest Records View All This section can be locked, requiring permission to view. We and our partners use cookies to Store and/or access information on a device. Jett McCandless has as good a reason as anyone to be skeptical about what the future has in store for him. 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. McCandless is watching those startups closely with acquisitions in mind. 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. I didnt do a good job cutting. Jett McCandless has had a long and distinguished career for a man who is only in his forties. I would go wakeboarding. TV Shows. 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. Id rather have 80 percent of a company worth $100 million than 100 percent of a company worth $5 million. In the most amazing, perfect world I would be in the mountains. 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. He also writes a newsletter of the same title with over 10k subscribers in the supply chain and trucking niche. He has worked with FedEx, Reebok, Adidas, L.L. Project44 is just one beneficiary of a wave of venture capital funding flowing into logistics. With ateam of industry experts, technology visionaries and ambitious individuals, p44 is powering real-time, transparent and optimized shipping experiences. McCandless: In 2012, there was only one broker above $1 billion and that was CHRW. Jett McCandless, Producer: Signing Out. Jett McCandless is co-founder of Chicago-based Blue Water Cos., an incubator with five firms, including transportation-related CarrierDirect. Make sure you dont own your job, McCandless says. Our values unite us across continents and offices to stay focused and settle for nothing but the best from eachother. Weve been able to break through that barrier. Jett McCandless' Post. The fact that McCandless did not earn a college degree is part of who he is, but it does not define who he is. gptAdSlots.push(gptSlot); Stay up-to-date with local business news and networking events from Smart Business. 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. I get challenged by a lot of other CEOs, McCandless says. McCandless sees the value of formal education, but it just didnt fit his personality. 130 E. Randolph St. Copyright 2023, All Rights Reserved, FreightWaves, Inc, Loaded & Rolling (Enterprise Fleet News/Analysis). I pay my people hardly anything when they get started, McCandless says. That's an unusual first name. For me, theres no shame in it not working out.. 1-877-812-1590, The Most Powerful Women In Chicago Business. Chicago, IL 60601 googletag.pubads().enableSingleRequest(); Born in Chicago, the logistics capital of the world and one of the fastest-growing tech hubs, project44 now has team members across the U.S. and around the globe. An adrenaline junkie, he likes heli-skiing, downhill mountain biking and surfing. }); On this episode of FreightWaves Insiders,Doonercatches up with project44 CEO and founderJett McCandlessto talk about his career journey and the project44 brand story. Address history shows that Jett also lived at 6120 E Shea Blvd, Scottsdale, AZ 85254. He's building a dedicated M&A team. (And if project44 is alittle long for you, we always answertop44.). Movies. Were innovators with ambition, fixing the tech issues that plague the global supply chain. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. Together, weve created the worlds leading Advanced Visibility Platform for shippers and logistics service providers. 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. I can make a lot of bad decisions, and if I make too many bad decisions, Ill bankrupt my company. Were you inspired? He started building companies like Inc 500 ranked advisory firm, Metafora (formerly CarrierDirect). But I've got a girlfriend, four houses and I make sure my liquid assets are in the seven digits. He grew up in a poor part of Chicago with a family that had little money. By helping people accomplish their goals to be part of something special, Im able to accomplish my goals.. 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. So, Jett McCandless, as your mother used to tell you - that makes you 1 in a million McCandless says he gets incredible loyalty and drive out of his people who must put in the effort to earn the reward. window.googletag = window.googletag || {cmd: []}; 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. This ambitious new transportation infrastructure connected agrowing nation and supply chain. She currently resides in Chapel Hill, North Carolina, USA. One thing McCandless does provide his people is a stake in the company. Through a strong will and deep determination, McCandless forged a career path that brought him to work for a third-party logistics provider. Here's what they'll be after. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. McCandless called Project44 a "generation two logistics company." Public Private. Freight tech startup Project44 raised a $202 million round at a $1.2 billion valuation this year. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Jett has lived in Bellevue, WA and Scottsdale, AZ in the past. That was four years ago. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Despite the ups and downs, McCandless says he never lost faith that he would be OK. But afew decades after opening, the Main Street of America could no longer serve the growingdemand. Jett McCandless, project44's Founder and CEO, has seen the problems in the logistics and delivery space firsthand every day for 20 years. Required fields are marked *. 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. CarrierDirect and project44 are both based in Chicago. He got his start in the trucking business on the loading dock at Yellow Freight. I never drink coffee. He was a featured speaker at TEDx Chattanooga. I wasnt strong enough or old enough to push a lawnmower, McCandless says. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. EN. In two years, the company grew to $35 million in revenue and now has $3.5 million in net profit. Sanni McCandless (born June 30, 1992) is famous for being instagram star. Additionally, a person in the media and marketing would probably make about $100,000 and $90,000, respectively. 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. It's a great release and it really keeps me focused. project44 cemented its position as the #1 company in supply chain visibility with global port-to-door coverage across all modes of transportation. 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. Jett's reported annual income is about $150 - 174,999; with a net worth that tops Greater than $499,999. 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. A great broker is worth between 9-12 EBIT so what . It was a much safer environment and let me focus on school. }); 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. Menu. Built Ins 100 Best Midsize PlacestoWork, Food Logistics Top Software and Technology Providers. Click below to see everything we have to offer. Click here to get the full experience on your screen. 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. Mccandless has had a long and distinguished career for a third-party logistics provider salary give... Value of formal education, jett mccandless net worth it just didnt fit his personality ; Arrest Records View all section... M & amp ; a team to get the Full experience on your screen other CEOs, McCandless says never! He has worked with FedEx, Reebok, Adidas, L.L afew decades after opening, the was... And sell 20 percent of CarrierDirect for $ 2 million, McCandless says McCandless has as good reason... Become whatever you want it to be if you work hard enough that brought him to work for third-party. ( ) { I could go and sell 20 percent of CarrierDirect $... 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