jett mccandless

Supply chain snarls lead project44 to record growth in Q4

Project44 provides additional insight into quarterly topline, margin trends

Real-time supply chain visibility provider project44 reported record quarterly bookings during the fourth quarter. The privately held, venture-backed company said annual recurring revenue (ARR) bookings were $12.7 million during the period, 168% higher year-over-year and 3% above plan.

The fourth-quarter result put total 2021 ARR bookings at $96.2 million for the Chicago-based company.

Professional services bookings were $2.1 million in the period. Consolidated revenue as defined by generally...

https://www.freightwaves.com/news/supply-chain-snarls-lead-project44-to-record-growth-in-q4

Onward Delivery raises $4.7M to bring efficiencies to box truck market

Freight marketplace Onward Delivery announced earlier this month that it has closed on an oversubscribed $4.7 million seed round led by Range Ventures and Matchstick Ventures as the company works to automate final-mile delivery for bulky retail items by leveraging its box truck network. 

Springtime Ventures also participated in the round, as did a number of industry angel investors, including Andrew Leto, founder and CEO of Emerge; Jett McCandless, founder and CEO of project44; Sean Henry,...

https://www.freightwaves.com/news/onward-delivery-raises-4-7m-to-bring-efficiencies-to-box-truck-market

Meet the Investor: The man with the ‘dull machete’ leading project44’s growth

Welcome to FreightWaves’ new series, Meet the Investor, which dives into the stories behind the industry’s biggest investments, the individuals who manage them and the lessons they learned along the way.

In 2021 alone, real-time visibility provider project44 has undergone three global acquisitions and a Series E round that has distinguished the startup as an industry unicorn, earning the No.1 ranking in FreightWaves’ 2022 FreightTech 25.

Related: FreightWaves reveals FreightTech 25 winner

While...

https://www.freightwaves.com/news/meet-the-investor-the-man-with-the-dull-machete-leading-project44s-growth

Project44 hires leader for expansion in Latin America

Real-time visibility provider project44 is making real strides in its strategy to expand its footprint in Latin America. 

The Chicago-based company announced Wednesday that it has hired Pierre Jacquin as general manager of Latin America and plans to more than double its employee count in the region to over 130 by next year.

“Latin America will become a more critical node in supply chains, both in consumption and supplying the world of goods,” founder and CEO Jett McCandless told FreightWaves.

Relat...

https://www.freightwaves.com/news/project44-hires-leader-for-expansion-in-latin-america

The Log Book: Custom-wrapped Kenworth to haul Capitol Christmas tree

The Log Book is a weekly rundown of human-interest stories related to the transportation industry. This week: A Kenworth truck is set to deliver the U.S. Capitol Christmas tree for the eighth time; a project44 partnership offers camper vans for employees to work from anywhere; and ATA’s road team delivers supplies to Afghan refugees in Wisconsin.

Custom-wrapped Kenworth to deliver US Capitol Christmas tree

On Tuesday, truck manufacturer PACCAR revealed a special Kenworth T680 Next Generation that...

https://www.freightwaves.com/news/the-log-book-custom-wrapped-kenworth-to-haul-capitol-christmas-tree

Vendorflow raises $1.3M to improve supply chain communication

On Thursday, SaaS communication solutions startup Vendorflow announced it has raised $1.3 million led by TenOneTen with participation from Amplify.LA. 

Also participating in the round were such industry leaders as project44 CEO Jett McCandless, Flock Freight CEO Oren Zaslansky, Best Bay Logistics President Param Singh and former NEXT Trucking CRO Bobby Napiltonia.

With its accomplished investors, a technology team full of NEXT Trucking alumni and trucking veteran Jacob McLeod on its advisory...

https://www.freightwaves.com/news/vendorflow-raises-13m-to-improve-supply-chain-communication

Project44’s Cooperative makes real-time data actionable for 3PLs

Global supply chain visibility provider project44 on Thursday announced that after testing with an undefined number of its third-party logistics customers, it has produced its newest tool, Cooperative.

Using real-time data from the 150,000 truckload carriers within the company’s network, along with data from more than 300,000 shipments those carriers perform every week, 3PLs can now leverage that information to make better freight-matching decisions.

In the announcement, project44 made it clear...

https://www.freightwaves.com/news/project44s-cooperative-makes-real-time-data-actionable-for-3pls

Project44 raises $202M in Series E, boosts value to $1.2B

Global supply chain visibility firm project44 has announced it has closed on a $202 million Series E round led by funds managed by Goldman Sachs Asset Management (NYSE: GS) and Emergence Capital, with increased investment from its current investors, including Insight Partners, Sapphire, 8VC, Chicago Ventures and Sozo. The company has raised $442.5 million since 2016 and with its recent raise is valued at $1.2 billion.

“We are fully aligned with the vision that Jett and his team have set forth to...

https://www.freightwaves.com/news/project44-raises-202m-in-series-e-boosts-value-to-12b

Project44 expands real-time visibility into China

Project44, a leader in shipment visibility for the global logistics community, announced on Friday it has expanded its tracking services into China, giving shippers a real-time view of their truckload shipments within Asia.

In recent years, trucking technology has continued to improve in China as companies have been incentivized to invest in newer trucks enabled with electronic logging devices (ELDs), allowing visibility companies to track their movements and create a more resilient supply chain.

https://www.freightwaves.com/news/project44-expands-real-time-visibility-into-china

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