jett mccandless

Chicago rivals P44 and FourKites resolve legal disputes

Visibility provider FourKites and its Chicago rival project44 announced Monday that they have resolved two legal battles regarding employee poaching and allegedly defamatory emails sent by FourKites CEO Mathew Elenjickal. Details of the resolution were not disclosed.

“We are glad to put these disputes behind us. … Our focus has always been on bringing innovation to market, transforming supply chains, and driving unmatched value to our customers. That will continue to be our mission,” Elenjickal...

https://www.freightwaves.com/news/chicago-rivals-p44-and-fourkites-resolve-legal-disputes

FreightTech Friday: p44 offers eBOLs for all LTL shipments

Visibility provider project44 announced it has implemented automatic electronic bills of lading for all of its less-than-truckload pickup requests as the LTL industry looks to expedite industry adoption of the National Motor Freight Traffic Association’s (NMFTA’s) eBOL standards.

“We are proud to contribute and continue to lead LTL API innovation, which includes eBOL,” Jett McCandless, founder and chief executive officer, told FreightWaves in an email. “We are thankful for the many carriers,...

https://www.freightwaves.com/news/freighttech-friday-p44-offers-ebols-for-all-ltl-shipments

Project44 v. FourKites: The FreightTech case that questions Illinois defamation law

The defamation battle between Chicago’s two big supply chain visibility players — project44 and FourKites — continued Wednesday as the case moved from the 1st Judicial District Appellate Court of Illinois to the Illinois Supreme Court for a review of the state’s laws.

The dispute originates from emails sent in May 2019 and involves accusations of ties to intimidation, financial impropriety and organized crime.

On May 19, 2019, an email from “Ken Adams” at [email protected] raised concerns...

https://www.freightwaves.com/news/project44-v-fourkites-the-freighttech-case-that-questions-illinois-defamation-law

FreightTech industry isn’t what it was a year ago

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By Jett McCandless

The views expressed here are solely those of the author and do not necessarily...

https://www.freightwaves.com/news/freighttech-industry-isnt-what-it-was-a-year-ago

Ocean visibility provider project44 offers Flex solution for small shippers

Global supply chain visibility provider project44 announced Thursday it is releasing a new ocean container tracking tool intended for shippers and logistics service providers with small-scale needs.

The new solution, Ocean Visibility Flex, is a simplified version of the Chicago-based technology company’s ocean visibility management tool offered to its largest ocean shippers, giving users the ability to track departure, arrival times and current statuses of containers.

“For years we have built and...

TruckSmarter raises $25M to grow owner-operator ‘ecosystem’

Digital trucking platform TruckSmarter announced it has closed a $25 million Series B funding round led by Thrive Capital with participation from Bain Capital, FJ Labs, Founders Fund, Andreessen Horowitz and Fin Capital to continue building on its dedicated platform for owner-operator functions.

Since 2021, the company has raised $44 million from many investors in the latest round and other industry angel investors including Ryan Petersen (Flexport), Tony Xu (DoorDash), Eric Glyman (Ramp), and...

https://www.freightwaves.com/news/trucksmarter-raises-25m-to-grow-owner-operator-ecosystem

Risk management platform Paxafe closes investment with strategic industry insiders

Visibility and risk management platform Paxafe announced it has closed on an additional $1.5 million in capital  led by early-stage fund Venture 53 with participation from Value Chain Ventures, project44 founder and CEO Jett McCandless and Peter Rentschler, CEO of supply chain business consulting and software development firm Metafora, formerly known as CarrierDirect. 

This comes after recently raising its seed round in 2021, led by Ubiquity Ventures and participation from Greenlight...

https://www.freightwaves.com/news/risk-management-platform-paxafe-closes-investment-with-strategic-industry-insiders

Former FedEx execs bringing visibility to ‘stock in motion’

In today’s supply chain climate, merchants can be stuck with either stockouts or overstock, both of which leave retailers in a position to lose revenue. Now two former FedEx executives are looking to offer an inventory option they call “stock in motion.” 

With this inventory alternative offered by S+V Technologies, merchants can give consumers an opportunity to purchase items that are in transit to fulfillment centers, eliminating the mystery of when items will be back in stock.

“When shopping...

https://www.freightwaves.com/news/former-fedex-execs-bringing-visibility-to-stock-in-motion

CarrierDirect rebrands as Metafora to reflect drive ‘to go even deeper’

CarrierDirect announced Monday it has changed its name to Metafora, Greek for transportation, as the company continues expanding its full-service consulting and technology development offerings.

“When I joined, we were the best kept secret in transportation — having done incredible work with some of the biggest companies and being behind some of the most innovative work in the space,” Ryan Schreiber, vice president of industry and growth, told FreightWaves. “This change comes at a time when...

https://www.freightwaves.com/news/carrierdirect-rebrands-as-metafora-to-reflect-drive-to-go-even-deeper

After record-breaking Q4, project44 begins 2022 with $2.4B valuation

Chicago-based real-time visibility provider announced Monday it has raised $240 million in equity funding led by TPG, Thoma Bravo and the asset management arm of Goldman Sachs Group.

Participating investors Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also acquired $180 million of shares from existing investors including OpenView Venture Partners, which first began investing in project44 during its Series B in 2018.

The deal...

https://www.freightwaves.com/news/after-record-breaking-q4-project44-begins-2022-with-2-4b-valuation

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