project44 reported accelerating growth in its shipper business for the first half of FY27, with new Annual Recurring Revenue (ARR) rising 34% year-over-year. The Chicago-based Decision Intelligence Platform also saw new logo ARR increase by 67% during the same period, signaling strong acquisition momentum among enterprise logistics leaders.

For Q2 specifically, Net Revenue Retention (NRR) improved by 654 basis points year-over-year. The quarter marked a significant shift in deal size, with the average contract value for net new customers growing 145% year-over-year to an all-time high. This included two seven-figure deals and project44’s first $5 million ARR customer.

What the Numbers Show

The divergence between the 34% growth in total new ARR and the 67% surge in new logo ARR suggests that while customer acquisition is accelerating rapidly, existing account expansion remains a substantial component of revenue generation. Furthermore, the 145% jump in average contract value for new customers indicates that shippers are moving beyond single-use-case contracts toward broader, longer-term partnerships, likely driven by the platform’s expanding AI capabilities.

Strategic Expansion: LSP44 Launch

project44 announced the separation of its operations into two focused businesses with the launch of LSP44. This new entity is dedicated to providing AI Agent and API Infrastructure for third-party logistics providers (3PLs), freight forwarders, and brokers. LSP44 launched with day-one profitability and already serves nine of the ten largest logistics service providers globally. project44 will continue to serve enterprise shippers as a Decision Intelligence Platform.

Product Innovation and AI Integration

The company highlighted significant advancements in its AI infrastructure during Q2:

• Mo: A conversational AI analyst that answered operational questions 86% faster than generic models in testing, helping one customer avoid $6 million in detention and demurrage exposure.
• Agentic Workflow Manager: A no-code platform that has achieved 1.5 million outreaches year-to-date, delivering a 4% reduction in freight spend and a 70% reduction in manual coordination.
• Theft Prevention: An AI-powered suite that resolves cargo theft incidents in minutes, addressing an industry-wide crisis estimated at $35 billion annually in the U.S.
• Intelligent TMS: Shipper revenue for this segment grew 57% year-over-year, supported by new automated booking orchestration and execution recovery agents.

Jett McCandless, Founder and CEO of project44, stated that the results reflect customers betting bigger on the platform due to its real-time logistics data graph and layered AI capabilities. The company also extended its China cross-border logistics data authorization through 2029, maintaining its status as the only supply chain AI company approved to deliver real-time compliant data across China’s border.