This week: p44 offers eBOLs on all LTL shipments, ODeX moves into Singapore, Goodyear offers Tires-as-a-Service and AutoScheduler.AI raises funds.
Visibility providers project44 and FourKites take their defamation fight to the Illinois Supreme Court.
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
The value of supply chain visibility will continue soaring, says project44 Chief Industry Officer Bart De Muynck.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
“Whether a company is big or small, they all need to provide visibility to their customers. … If a company can’t provide delivery dates, process inventory efficiency and delivery on-time then the customers will go somewhere else,” said project44 founder and CEO Jett McCandless.
“Their truck-first mentality is the right approach to win the highly fragmented road freight industry,” says a Founders Fund partner on its recent investment.
Paxafe closes on additional $1.5 million round led by Venture 53 with participation from Value Chain Ventures, project44’s Jett McCandless and Metafora’s Peter Rentschler.
S+V Technologies’ solution to sell products in transit caught the attention of investors including Ridgeline Partners, Chicago Ventures and project44 founder and CEO Jett McCandless.
“We decided this rebrand was right for us now because we knew people tend to think of us based on what our business did when they met us or based on what service they hired us for. We’re so much more now and wanted our name and brand to represent that.” says CEO Peter Rentschler.
TPG, Thoma Bravo and Goldman Sachs led a $240 million investment round for the Chicago-based real-time visibility provider.
Supply chain visibility provider project44 sees record top-line growth during the fourth quarter, with bookings, account wins and retention coming in better than expected.
“We don’t partner with one asset, we partner with all box truck assets in a region and we aggregate the totality of orders to be sure that there is one full truck delivering to one ZIP code,” said Onward Delivery CEO Grafton Elliott.
FreightWaves’ new series dives into the stories behind the industry’s biggest investments. Its first stop: the 33-year-old Chicago-native Jason Duboe who leads project44’s scaling initiatives.
Latin American countries “are all completely different markets that need different solutions and I look forward to helping project44 understand those differences,” says Pierre Jacquin.
Jett McCandless shares his story: From humble beginnings to historic growth and all the hurdles along the way, this is one you won’t want to miss.
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.
With the help of its 3PL customers, project44 was able to create its tool to help fight the capacity shortages and transit delays plaguing many logistics providers today.
Vendorflow has attracted investment from industry leaders with project44, Flock Freight, Best Bay Logistics and NEXT Trucking.
Project44 attributes its exponential growth, like its 135% year-over-year new bookings growth in Q1, to its skilled global team.
“For the first time ever, shippers can have a true global view of their supply chain network in a single platform.”
Craig Fuller reasons that if “project44 is the Visa of the industrial world, then having the greatest acceptance and connectivity will be a major differentiating factor.”
“Ocean Insights has dominated the container-tracking space, and we look forward to providing the industry not only the best ocean capabilities but also the most comprehensive end-to-end visibility platform,” says project44 CEO Jett McCandless.
Supply chain management solutions provider project44 said it has shippers covered no matter where and how their cargo is transported throughout the world.
It’s the What the Truck?!? power hour of freight from #FWLive Chicago, featuring an all-star cast. Dooner and Chad interview J.B. Hunt’s Shelley Simpson, project44’s Jett McCandless, SAP’s Franz Hero […]
