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Equipment Finance Advisor Search Results
News Stories (169 Results) -
Auction News
AuctionTime.com ended 2023 on a spectacular note with a three-day auction event. That event alone exceeded $94.5 million in gross auction proceeds (GAP), easily surpassing 2022's year-end total by nearly $10 million. Over 6,000 assets were sold, with...
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January 05, 2024, 07:07 AM
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According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 average retail sale price fell 1 percent month over month and 25 percent year over year to $63,900 in September.“A second month of...
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October 27, 2023, 07:00 AM
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Ritchie Bros. Auctioneers Incorporated announced that with the successful closing of the IAA, Inc. acquisition, the company is changing its corporate name to RB Global. The company's common shares will continue to be listed for trading on the New...
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May 10, 2023, 07:18 AM
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Ritchie Bros. conducted its largest Canadian auction of the year, selling 12,000+ equipment items and vehicles over five days, generating more than $164 million in gross transaction value. The online and onsite auction attracted more than 21,000...
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May 02, 2023, 07:18 AM
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Ritchie Bros. Auctioneers Incorporated announced it has completed its acquisition of IAA, Inc. As previously announced on Jan. 23, under the terms of the amended merger agreement, IAA shareholders will receive $12.80 per share in cash and 0.5252...
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March 21, 2023, 07:10 AM
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Ritchie Bros. sold over 5,100 items from three locations in its Rocky Mountain Regional Event, generating more than $52 million in gross transaction value.The online and onsite auction attracted more than 12,300 bidders from over 45 countries, with...
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March 13, 2023, 07:00 AM
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Ritchie Bros. sold over 5,500 equipment items, trucks and vehicles at its site in Edmonton, AB, generating more than $52 million in gross transaction value.The online and onsite auction attracted more than 15,300 bidders from over 40 countries, with...
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March 09, 2023, 07:00 AM
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Ritchie Bros. sold over 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value.The February 20-24 auction attracted over 22,600 people from over 80...
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February 28, 2023, 07:18 AM
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With its first Houston, TX site auction of the year, Ritchie Bros. attracted more than 14,500 bidders to compete for over 6,500 items, generating more than $61 million in gross transaction value.Approximately 87 percent of the equipment in the Feb....
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February 21, 2023, 07:12 AM
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Ritchie Bros.' February Orlando auction is its premier global event, with 200 acres of heavy equipment and trucks selling in just five days. This year's event on February 20 – 24 features more than 10,000 items from 800+ owners, with all items to be...
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January 30, 2023, 07:05 AM
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For the first time in its 11-year history, Ritchie Bros. Financial Services surpassed $1 billion in annual funded volume, helping tens of thousands of customers around the world purchase used equipment, vehicles, and other industrial assets in...
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January 11, 2023, 07:25 AM
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bidadoo ended a record 2022 with double the volume and 90 percent sales growth in fourth quarter year over year. During Q4, bidadoo rocketed to a 101 percent increase in items sold, year over year. With changing macro-economic trends, bidadoo drove...
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January 11, 2023, 07:05 AM
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Ritchie Bros. announced it has acquired a controlling stake in VeriTread, a transportation technology and services company. This acquisition will accelerate Ritchie Bros.' marketplace strategy, which brings services, insights and transaction...
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January 10, 2023, 07:21 AM
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Ritchie Bros. conducted its largest auction ever in the Pacific Northwest, selling over 3,700 items from five locations in one online auction and generating more than $50 million in gross transaction value.The event attracted over 8,200 bidders from...
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December 28, 2022, 07:12 AM
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Ritchie Bros. conducted its largest ever December auction in Texas, selling over $86 million of equipment and trucks for more than 800 consignors in three days.The December 13–15 Fort Worth auction attracted more than 12,600 registered bidders from...
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December 20, 2022, 07:10 AM
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The CEO of Ritchie Bros., Ann Fandozzi, was recognized by Canada's largest newspaper, The Globe & Mail, as its CEO Innovator of the Year. In its article discussing Fandozzi's recognition, the Globe & Mail outlines how she has "pushed to transform the...
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December 02, 2022, 07:15 AM
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With its final Houston, TX site auction of the year, Ritchie Bros. attracted more than 11,200 online bidders to compete for over 6,000 items, generating over $64 million in gross transaction value. Approximately 87 percent of the equipment in the Nov...
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November 15, 2022, 07:10 AM
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With its fifth Edmonton, AB auction of the year, Ritchie Bros. attracted more than 16,500 bidders to compete for over 10,000 items, generating more than $73 million in gross transaction value.Approximately 92 percent of the equipment in the October...
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October 31, 2022, 07:12 AM
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bidadoo reported record quarterly sales for its third quarter), with a 64 percent increase in sales, year-over-year. This was fueled by further adoption of online auctions and marketplaces as evidenced by the 72 percent increase in the number of...
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October 06, 2022, 07:12 AM
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Ritchie Bros. sold close to 5,000 equipment items and trucks over three days for more than $71 million in gross transaction value, which is up 25 percent from the same auction last year. The unreserved online auction in Fort Worth, TX attracted more...
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September 26, 2022, 07:12 AM
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Ritchie Bros. latest Edmonton, AB auction included over 8,300 equipment items selling for more than S$58 million in gross transaction value, which is a 29 percent increase over the same event last year.The online auction attracted more than 14,600...
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September 13, 2022, 07:00 AM
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In its fourth Houston auction of the year, Ritchie Bros. sold more than 4,980 equipment items for 675 consignors, generating over $54 million in gross transaction value."Another strong Houston auction with a ton of customers visiting the site ahead...
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August 29, 2022, 07:21 AM
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With its August Market Trends Report, Ritchie Bros. focuses on large and small excavator sales in the United States and Canada. In the U.S., median prices for large excavators are down 9 percent year over year, while mini excavator prices declined 5...
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August 19, 2022, 07:10 AM
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With values in transition across equipment and trucking industries throughout Q2 2022, the newest market reports from Sandhills Global take a deeper look at the growing gap between asking and auction values within Sandhills marketplaces. Data for...
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August 18, 2022, 07:15 AM
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Ritchie Bros. last week conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. The two largest of these events took place in Alberta and Texas, where Ritchie Bros. sold a combined $114 million of...
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June 28, 2022, 06:30 AM
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Ritchie Bros. is building bigger and better events with its regional auction format, bringing together more consignors and buyers to provide more selection and increased competition. Last week, the company held regional auctions on both sides of the...
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June 01, 2022, 07:10 AM
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Last week, Ritchie Bros. conducted its second Fort Worth, TX, auction of the year, selling over $60 million of equipment and trucks for more than 700 consignors. The three-day online auction saw gross transaction value grow approximately 9 percent...
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May 23, 2022, 07:06 AM
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Ritchie Bros. conducted its largest-ever auctions in Ontario and Manitoba, selling more than $54 million of equipment and trucks in Toronto and over $24 million of assets in Winnipeg. The multi-day online auctions attracted a combined 11,900...
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May 16, 2022, 07:06 AM
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Ritchie Bros. conducted its largest Canadian equipment auction of the year, selling 11,000+ equipment items and trucks for 1,600+ consignors in Edmonton, AB, and generating over $158 million in gross transaction value."There was a lot of excitement...
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May 09, 2022, 07:12 AM
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bidadoo reported record sales for its first quarter (Q1), as it continues to see a rapid shift from traditional models to online auctions and remarketing. bidadoo, a strategic partner with eBay, experienced record buyer demand throughout the first...
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April 25, 2022, 07:15 AM
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With tight equipment supply in the market, Ritchie Bros. continues to deliver selection for buyers and great returns for consignors, selling more than 4,400 equipment items and trucks for over $57 million from its Houston, TX auction site last...
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April 19, 2022, 07:10 AM
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Ritchie Bros. sold more than 2,800 items for over $29 million in its largest-ever automated online Timed Auction event in Sacramento, CA. With the Timed Auction format, buyers place a maximum bid online and the system bids for them up to that amount...
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April 07, 2022, 07:00 AM
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Ritchie Bros. conducted its largest Montreal auction ever last week, selling close to 3,000 equipment items and trucks for more than $38 million. The unreserved online auction attracted more than 7,400 registered bidders from over 40 countries."We...
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March 29, 2022, 07:10 AM
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Ritchie Bros. announced record pricing continued in Texas last week, with the company's first Fort Worth auction of the year generating more than $79 million in gross transaction value. The three-day online auction attracted over 14,700 bidders from...
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March 22, 2022, 07:15 AM
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With its March Market Trends Report, Ritchie Bros. takes an in-depth look at equipment and truck sales from the company's recent six-day, over $213 million auction in Orlando, FL, last month.The March 2022 Report highlights Orlando sales of...
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March 21, 2022, 07:05 AM
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A week after selling more than 11,000 items in Orlando, FL, Ritchie Bros. was back at it with multi-day online auctions in Edmonton, AB, and the Rocky Mountain region of the U.S. The two unreserved auctions attracted a combined over 26,250 bidder...
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March 08, 2022, 07:00 AM
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Amid a tight supply environment, Ritchie Bros. welcomed thousands of motivated buyers online and onsite to its premier global equipment event in Orlando, FL. Buyers from around the world needing to fill immediate gaps in their fleets converged for...
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March 01, 2022, 07:20 AM
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Ritchie Bros. continued its auction season kick off in a big way, selling more than 7,400 items through two events – a $59 million record-breaking Phoenix, AZ, auction and a $55 million Houston, TX, auction. All assets were sold 100 percent...
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February 23, 2022, 07:16 AM
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Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, announced Ritchie Bros., a global asset management and disposition company, signed a multi-year agreement with Thoughtworks to...
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February 16, 2022, 07:12 AM
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HYPERAMS, LLC announced that Buffalo, NY-based Blackbird Asset Services, LLC will be merging its operation with HYPERAMS effective immediately. Blackbird Managing Director David Fiegel will assume the role of Managing Director of Auction Services and...
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January 11, 2022, 07:07 AM
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Competition for used equipment and trucks has never been stronger, with supply chains disrupted and online demand driving record pricing for consignors. Last week, Ritchie Bros. attracted more than 8,500 online bidders from 65 countries to compete...
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December 28, 2021, 07:06 AM
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Ritchie Bros. has completed its largest-ever auction in Chehalis, WA, selling over 2,600 equipment items and trucks for some 500 owners and generating more than $41 million in gross transaction value.The online auction attracted 9,950 bidders from 58...
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December 27, 2021, 07:05 AM
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Ritchie Bros. regional auctions continue to drive unprecedented demand, with the company's latest events in the Northeast and the Great Lakes generating more than $45 million and over $42 million in gross transaction value."Good quality...
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December 22, 2021, 07:17 AM
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Ritchie Bros. continues to attract record demand in Texas, with more than 12,400 bidders registered for its latest over $58 million used equipment and truck auction in Fort Worth.Approximately 93 percent of the items in the online auction was...
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December 14, 2021, 07:05 AM
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Ritchie Bros. returned to the Rocky Mountain region to sell over 3,800 equipment items and trucks from seven different locations in one online event. The two-day auction attracted more than 11,000 bidders and generated over $50 million in gross...
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December 07, 2021, 07:09 AM
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Ritchie Bros. held a three-day unreserved auction in Grande Prairie, AB, selling more than 2,700 equipment items and trucks for over 400 consignors, generating over $41 million in gross transaction value.The online auction attracted 10,000+ bidders...
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December 06, 2021, 07:05 AM
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Ritchie Bros. conducted its final Orlando, FL, auction of the year last week, selling more than 3,300 equipment items and trucks for more than 375 consignors, generating over $45 million in gross transaction value.The online auction attracted roughly...
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November 22, 2021, 07:10 AM
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Ritchie Bros. was back in Houston, TX, to sell over 4,650 equipment items and trucks for 675 consignors, generating more than $55 million in gross transaction value.The auction attracted 13,200+ bidders from 57 countries. Approximately 88 percent of...
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November 16, 2021, 07:15 AM
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Ritchie Bros. conducted a three-day auction at its Edmonton, Alberta, site, selling more than 600 equipment items and trucks for over 950 owners and generating more than $69 million in gross transaction value.The auction attracted over 17,700 online...
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November 02, 2021, 07:00 AM
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Selling equipment on your own got easier with RitchieList.com, the latest solution from industry-leader Ritchie Bros. This easy-to-use equipment listing service gives customers the control they want and the tools they need to sell privately for top...
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October 20, 2021, 07:10 AM
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Ritchie Bros. regional online auctions keep rolling, with its latest Rocky Mountain event attracting more than 11,200 online bidders from 62 countries to compete for some 2,900 items, generating over $41 million in gross transaction value. Equipment...
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October 14, 2021, 07:10 AM
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Ritchie Bros.' latest Great Lakes Regional Event featured over 3,600 equipment items and trucks stored in three locations: Columbus, OH; Chicago, IL; and a new local yard in Detroit, MI. The two-day online auction attracted more than 10,000 bidders...
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October 04, 2021, 07:08 AM
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Ritchie Bros. Auctioneers and SmartEquip announced they have entered into a definitive agreement under which Ritchie Bros. will acquire SmartEquip for approximately $175 million. Completion of the acquisition is subject to customary closing...
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September 27, 2021, 07:16 AM
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Ritchie Bros.’ latest Texas auction attracted more than 12,600 online bidders from 64 countries to compete for over 4,300 items consigned by over 600 sellers. As a result of this unprecedented demand, Ritchie Bros.' Fort Worth auction generated more...
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September 27, 2021, 06:00 AM
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Ritchie Bros. Auctioneers announced the closing of an amendment and extension of its credit agreement totaling US$1.045 billion with a syndicate of lenders comprising:
Multicurrency revolving facilities of up to US$750 Million
A...
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September 22, 2021, 07:00 AM
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Ritchie Bros. launched its Marketplace-E solution as a price-controlled option for consignors with Make Offer and Buy Now formats. In 2021 this new innovative solution is continuing to gain steam, with more than $500 million of equipment sold through...
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September 20, 2021, 07:07 AM
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Ritchie Bros. held its fourth Edmonton site auction of the year, selling more than 8,100 equipment items and trucks for over 1,100 consignors. The three-day online auction attracted more than 15,200 online bidders and generated more than $46 million...
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September 13, 2021, 07:07 AM
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eBay Inc. announced a strategic partnership and investment in bidadoo, an online remarketing and auction company of equipment, trucks and capital assets. As one of the largest marketplaces for heavy equipment, eBay offers buyers a wide selection of...
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September 10, 2021, 07:22 AM
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Ritchie Bros.' Texas team has had a busy summer, with a more than $50 million auction in Fort Worth in July, an over $99 million retirement sale for Barrilleaux Inc. in early August, and $48 million auction in Houston.The company's latest Houston...
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August 30, 2021, 07:17 AM
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Despite the month-to-month stabilization of used heavy-duty truck and construction equipment inventory levels within Sandhills Global marketplaces in July, auction and asking values continue to rise, according to a new Sandhills Global Market Report....
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August 13, 2021, 07:11 AM
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Ritchie Bros. regional online auctions continue to deliver stellar results for its consignors. The company sold more than 3,900 items from its sites in Denver, CO; Salt Lake City, UT; and Williston, ND in one combined online Rocky Mountain event...
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August 12, 2021, 07:00 AM
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Auction firm bidadoo drove over 65 percent new seller accounts in Q2, with record 2021 sales and revenues. To better serve its growing international customer base, bidadoo announced the appointment of Frank Wilson, Vice President of Operations. With...
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August 02, 2021, 07:00 AM
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Ritchie Bros.' Texas team held a more than $50 million auction at its site in Fort Worth, TX. The two-day online auction attracted more than 11,250 people to bid on 3,750 items, resulting in strong pricing across nearly every asset...
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July 27, 2021, 07:07 AM
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The recent online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka, CA, by Tiger Group and Schneider Industries generated proceeds that were 15 percent above the sale partners’ expectations. The auction attracted 236 registered...
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July 12, 2021, 07:03 AM
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Ritchie Bros. will conduct its largest-ever, single-owner auction for Barrilleaux Inc., an oilfield pipeline construction company based in New Mexico and Texas. Tens of millions of dollars of equipment will be sold in this two-day event."Barrilleaux...
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June 30, 2021, 07:00 AM
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Ritchie Bros. June Houston, TX, auction saw a 30 percent increase in both gross transaction value and bidder registrations year over year. The two-day unreserved auction attracted 12,000 bidders and generated more than $56 million in GTV.
"Our...
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June 21, 2021, 07:05 AM
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May was another busy month for Ritchie Bros., with multiple record-breaking events and strong pricing across almost every single asset category. According to Ritchie Bros.' June Market Trends Report, U.S. truck tractor pricing is up 23 percent year...
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June 10, 2021, 07:00 AM
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Ritchie Bros.’ regional auctions keep rolling, with more than 800 companies selling in the May Rocky Mountain event. More than 4,850 equipment items and trucks were sold in the auction for more than $54 million, matching the record-breaking $54...
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June 03, 2021, 07:05 AM
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Buyer demand and equipment pricing continues to trend upwards at Ritchie Bros. auctions around the globe. Most recently the company sold over 4,300 equipment items and trucks for more than $55 million at its site in Fort Worth, TX. The online auction...
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May 24, 2021, 07:10 AM
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With record online demand, Ritchie Bros. continues to see positive price performance in all its auctions and marketplaces. The company's May 2021 Used Equipment Market Trends Summary report shows U.S. truck tractor pricing up 24 percent...
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May 11, 2021, 07:00 AM
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Ritchie Bros. sold a record-setting 13,600 items over six days for $162 million in Edmonton, Alberta. The auction attracted more than 28,700 online bidders from over 70 countries—surpassing the previous company record, set in Edmonton last May, by 22...
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May 10, 2021, 07:05 AM
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Every spring, Ritchie Bros. holds dozens of farm retirement dispersals across Western Canada. Traditionally the company would drive from farm to farm as a travelling auction company, but in spring 2021 all bidding is conducted online via Timed...
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May 07, 2021, 06:59 AM
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Next week Ritchie Bros. will conduct its largest auction ever, selling approximately 14,000 items for more than 1,700 consignors in Edmonton, AB. In more than 60 years, the company has never seen this much equipment in one place and in six days it...
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April 28, 2021, 07:05 AM
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Travelers Capital, a transitional capital financing initiative from Travelers Financial Group designed to support small and mid-market businesses that operate in asset-intensive industries, announced its alliance with Ritchie Bros., a global provider...
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April 14, 2021, 07:07 AM
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A Missouri man pleaded guilty this week to rigging online bids submitted to the General Services Administration (GSA), the U.S. Department of Justice announced.According to court documents, Alan Gaines pleaded guilty to the one-count indictment filed...
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April 09, 2021, 07:25 AM
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Ritchie Bros. inspects tens of thousands of equipment items each month, in preparation for sale in one of its numerous sales solutions, including live/online auctions with Ritchie Bros. Auctioneers, weekly online marketplaces at IronPlanet, and a...
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April 08, 2021, 07:15 AM
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Ritchie Bros.’ regional auction success continued with a more than $52 million Midwest event. More than 5,000 equipment items were stored, inspected and sold from six Ritchie Bros. locations in five states—including Chicago, IL; Minneapolis, MN;...
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April 05, 2021, 07:02 AM
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Since moving its auctions to 100 percent online bidding, Ritchie Bros. has taken advantage of the digital world by bringing smaller auctions together to create bigger online events. With the company's Northeast Regional Event, Ritchie Bros. sold more...
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March 29, 2021, 07:05 AM
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Ritchie Bros. conducted its largest Texas auction ever, attracting 76 percent more bidders year over year and achieving $95 million in gross transaction value—surpassing its previous Texas sales record, set June 2020, by 17 percent.The Fort Worth...
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March 23, 2021, 07:05 AM
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Ritchie Bros. continues to deliver outstanding results to its consignors, with unprecedented demand and strong pricing in 2021. The company sold more than 4,300 equipment items and trucks in its largest-ever Toronto, ON, auction. The online event...
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March 16, 2021, 07:00 AM
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Aiming to improve the returns to creditors from inefficient and slow asset auctions, Revitalization Partners has developed a proprietary new digital marketing system to augment its expertise in corporate restructuring and receiverships. RP’s Asset...
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March 12, 2021, 07:18 AM
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Ritchie Bros.' GovPlanet marketplace has been helping the U.S. Department of Defense's (DoD) Defense Logistics Agency (DLA) sell thousands of its surplus rolling stock assets for the past seven years. Three years ago, Ritchie Bros. extended its...
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March 12, 2021, 07:03 AM
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Ritchie Bros. has come out strong in 2021, driving record demand and achieving strong equipment and truck prices for sellers. The company attracted close to 12,000 bidders for its Rocky Mountain Regional Auction, selling more than 4,150 items for...
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March 09, 2021, 07:05 AM
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Ritchie Bros. drove strong results for consignors with its first big Canadian auction of the year, selling more than 5,100 equipment items and trucks in Edmonton, AB, for $42 million. The three-day, online auction attracted more than 17,000 bidders...
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March 03, 2021, 07:00 AM
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Ritchie Bros.’ 100 percent online auctions continue to drive strong results for consignors in 2021. The company sold more than 4,600 items located at its Houston, TX, auction site to online buyers around the world for more than $47 million. The...
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February 11, 2021, 07:00 AM
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Ritchie Bros. has been conducting massive auctions in Orlando, FL, for decades, attracting travelers from around the world every February—this year will be different. Due to COVID-19, to ensure the safety of its customers and employees, Ritchie Bros....
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February 10, 2021, 07:00 AM
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Ritchie Bros. announced that Karl Werner, President, International will transition out of the company to pursue personal interests, effective March 31. As a result of Werner's departure, Kari Taylor, President, North America Sales, will take on the...
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February 09, 2021, 07:18 AM
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Ritchie Bros. sold close to 20,000 items through 11 auctions, including a $40 million Great Lakes Regional auction and a $41 million Northeast Regional event. All assets were sold 100 percent online due to COVID-19.Ritchie Bros. combined more than...
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December 24, 2020, 07:11 AM
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Ritchie Bros. conducted its largest Grande Prairie, AB, auction ever, selling more than 4,900 equipment items for over $63 million—surpassing the previous gross transaction value (GTV) record by 32 percent.A record 12,350 online bidders from 53...
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December 02, 2020, 07:05 AM
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Demand for equipment at Ritchie Bros.' online auctions continues to break records, as the company saw bidder registrations jump 39 percent year over year for this week's more than $53 million auction in Houston, TX.
Due to COVID-10, the Nov. 10–11...
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November 12, 2020, 07:00 AM
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Just seven weeks after selling more than 10,000 items, Ritchie Bros.' Edmonton team was back at it last week, selling another 9,200 items for $83 million over four days.The Edmonton auction attracted 18,945 bidders from 58 countries, which is up 49...
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November 02, 2020, 07:00 AM
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Ritchie Bros. put on another big auction in Fort Worth, TX, this week, selling more than 5,200 equipment items and trucks over two days for more than $68 million.More than 11,300 bidders from 72 countries registered for the auction, which was...
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October 02, 2020, 07:00 AM
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With its fourth auction of the year, Ritchie Bros.’ Edmonton, AB, site sold close to 10,000 equipment items and trucks for more than $69 million over four days.The auction attracted more than 16,000 bidders from 49 countries, which is up 11 percent...
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September 15, 2020, 07:00 AM
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Ritchie Bros. Auctioneers announced the appointment of Kevin Geisner as Chief Strategy Officer. In this new role, Geisner will have responsibility for driving the company's overall corporate strategy as well as execution of corporate development...
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August 11, 2020, 07:22 AM
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Bidder registrations at Ritchie Bros. auctions continue to surge, with more than 10,800 people from 60 countries registering to bid for its big summer Fort Worth, TX, auction. More than 4,400 equipment items and trucks were sold for more than $58...
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August 03, 2020, 07:10 AM
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Tiger Group will begin accepting bids on July 14 for a live online auction of selected assets to the continuing operations of Spectrum Cubic (a subsidiary of Spectrum Industries), a graphic decorating and painting company that services the plastics...
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July 13, 2020, 07:00 AM
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Ritchie Bros. conducted its first online-only auction in Mexico, at its site in Polotitlán. Traditionally the site sees more than 80 percent of its bidders participating in person, so this was a big challenge for the company—and it succeeded. The...
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July 09, 2020, 07:00 AM
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The online strength and global network of Ritchie Bros. was on full display last week as the company set a new record, selling more than 35,000 equipment items and trucks in 29 online auctions across five countries in just five days—making it the...
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June 29, 2020, 07:10 AM
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This week, Ritchie Bros. will have its biggest week ever, selling more than 35,000 equipment items in 29 auctions across the United States, Canada, France, Germany and Australia. In just five days (June 22 – 26) the company will sell 3,800+ truck...
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June 22, 2020, 07:10 AM
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Ritchie Bros. conducted its largest ever Fort Worth, TX, auction this week, selling close to 5,300 equipment items and trucks for more than $81 million. Due to the COVID-19 pandemic, the auction was held with online-bidding only and set a new site...
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June 05, 2020, 07:05 AM
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Ritchie Bros. sold a staggering more than 10,700 equipment items for $131 million in its first-ever online-only auction in Edmonton, AB. The company, which has been conducting auctions in Alberta for close to six decades, has temporarily converted to...
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May 18, 2020, 07:12 AM
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This week in Houston, TX, Ritchie Bros. sold more than 4,400 equipment items and trucks for more than $43 million.The auction, which was conducted with online-bidding only due to state gathering restrictions, attracted more than 8,600 registered...
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April 24, 2020, 07:00 AM
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Information is moving fast and so is Ritchie Bros. With concerns about large gatherings growing around the world due to the COVID-19 pandemic, many trade shows and events have been cancelled. Thanks to its industry-leading online bidding system and...
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March 17, 2020, 07:15 AM
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Ritchie Bros. continues to attract record numbers of bidders in 2020, with its latest auction in Fort Worth, TX, registering more than 9,150 bidders from 65 countries. More than $72 million of equipment items and trucks were sold in the March 10-11...
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March 13, 2020, 07:15 AM
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It's amazing what can happen when companies come together to raise money for a great cause. To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier...
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February 28, 2020, 07:00 AM
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Ritchie Bros. held its premiere global auction in Orlando, FL, selling more than 13,500 equipment items and trucks for $237+ million. The six-day sale set a new company record for attendees, registering a staggering 18,100 people from 85...
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February 24, 2020, 07:19 AM
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Ritchie Bros. conducted its largest Tipton, CA, auction ever, selling more than 2,600 equipment items and trucks for more than $27 million. The auction set site records for gross transaction value, number of lots and bidders.A record 5,850 people...
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February 18, 2020, 07:05 AM
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AuctionTime.com sold more than $105 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks and trailers during the month of December. In the final auction of the month—the largest sale of the year—AuctionTime.com...
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January 02, 2020, 07:15 AM
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Business and industrial auction service bidadoo announce its weekly online auctions have moved to daytime on Tuesday. After 16 years of evening auctions, many factors have prompted this move, including access to mobile technology, growth of buyer...
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December 31, 2019, 07:00 AM
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AuctionTime.com completed a three-day auction selling more than $35 million (gross auction proceeds) in construction equipment, agricultural machinery, commercial trucks and trailers.More than 9,100 bidders from all 50 states and 33 countries...
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December 24, 2019, 07:02 AM
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Just seven weeks after selling more than 10,700 items, Ritchie Bros.' Edmonton team was back this week with another five-day auction, selling 8,800 items for 1,100 owners and achieving $76 million in gross transactional value.More than 12,700 people...
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November 05, 2019, 07:05 AM
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In the final two-day, online-only auction for the month of September, AuctionTime.com sold more than $18 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks and trailers.More than 6,400 bidders from 48 states...
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September 30, 2019, 07:05 AM
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More than $61 million worth of equipment items and trucks were sold for over 730 owners in Ritchie Bros.’ latest Fort Worth, TX, auction, setting a new consignor record for the site.More than 6,800 people from 58 countries registered to bid on over 5...
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September 26, 2019, 07:00 AM
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Yoder & Frey Auctioneers Inc. has strengthened its team with the appointment of Chris Deason, an industry veteran, to assist in expanding new markets and further establishing the Y&F brand as a preferred US supplier.As part of the continued...
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September 24, 2019, 07:00 AM
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AuctionTime.com sold over $17 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks and trailers in this week's two-day, online-only auction.More than 5,800 bidders from all 50 states and 30 countries worldwide...
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September 17, 2019, 07:00 AM
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In its first ever, five-day auction in September, Ritchie Bros. sold a staggering 10,700 equipment items for more than $76 million at its site in Edmonton, AB.More than 14,350 people from 49 countries registered to bid in the event, including 11,600+...
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September 16, 2019, 07:15 AM
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In the final two-day, online-only auction for the month, AuctionTime.com sold more than $18 million (gross auction proceeds) in construction equipment, agricultural equipment, trucks and trailers. More than 5,900 bidders from all 50 states and 31...
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September 03, 2019, 07:12 AM
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Ritchie Bros. sold more than 5,300 equipment items for over $45 million at its latest Houston, TX, auction.More than 7,250 people registered to bid in the two-day auction, including 5,850 registering to participate online. U.S. buyers purchased...
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August 23, 2019, 06:00 AM
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Ritchie Bros. conducted its third Edmonton, AB, auction of the year, selling more than 7,400 equipment items and trucks for $54 million.More than 10,100 people from 49 countries registered to bid in the June 20–22, event, including 8,300 online...
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June 24, 2019, 07:17 AM
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Ritchie Bros.' cloud-based SaaS solution RB Asset Solutions, brings together a suite of tools and services to help customers better manage, analyze and sell their assets. Komatsu Europe is the latest OEM dealer network to sign up for the service...
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May 29, 2019, 07:10 AM
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Ritchie Bros. set a new record in Toronto, ON, selling 3,750 equipment items and trucks over two days for more than $34 million.The May 7–8 auction attracted 5,800 people from 53 countries, including 4,100 online bidders. Approximately 88 percent of...
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May 09, 2019, 07:15 AM
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At its second Houston, TX, auction of the year, Ritchie Bros. sold more than 4,400 equipment items over two days for more than $47 million.More than 6,350 people registered to bid in the April 16 – 17 auction including 4,900 registering to...
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April 19, 2019, 07:05 AM
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Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling more than 5,000+ equipment items and trucks over three days for $52+ million—up 15% year over year. More than 10,150 bidders from 54 countries registered to...
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March 01, 2019, 07:00 AM
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Ritchie Bros. conducted its largest Tipton, CA auction ever, selling more than 2,250 equipment items and trucks for more than $23 million on February 15.A record 4,850 people from 44 countries registered to bid in the unreserved public auction...
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February 19, 2019, 07:15 AM
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NextLot, Inc., a provider of privately branded online auction solutions for auctioneers, announced it launched an integration with Currency, an online transaction empowerment company. Through Currency’s Express Finance decisioning engine, NextLot can...
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January 15, 2019, 07:04 AM
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Moody's Investors Service upgraded Ritchie Bros. Auctioneers Incorporated's (RBA) corporate family rating (CFR), its probability of default rating, its senior secured rating and its senior unsecured rating to Ba3 from B2. The speculative grade...
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December 28, 2018, 07:12 AM
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AuctionTime sold over $42 million (gross auction proceeds) in construction equipment, agriculture equipment, trucks and trailers in its recent two-day, online-only auction. As the company's largest auction to date, the sale included over 3,600 assets...
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December 27, 2018, 07:00 AM
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It's not every day you see hundreds of thousands of U.S. military items—including Humvees, tactical vehicles, uniforms, field gear and more—sell in just two days, but Ritchie Bros.' GovPlanet marketplace did exactly that last week.GovPlanet sold more...
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December 12, 2018, 07:10 AM
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Ritchie Bros. was back in Texas for its fourth Fort Worth auction of the year, selling more than $50 million of equipment and trucks for 600+ consignors.More than 5,000 people from 52 countries registered to bid in the Sept. 25–26 auction, including...
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September 27, 2018, 07:00 AM
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For the past four years, the GovPlanet marketplace has helped the U.S. Department of Defense sell thousands of its rolling stock surplus assets, including Humvees, utility trailers, cargo trucks and more. In 2018, the DoD also began selling its...
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September 10, 2018, 07:05 AM
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Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its latest Houston unreserved auction.More than 5,100 people from 58 countries registered to bid in the Aug. 21-22 auction, including 3,600+ people registering to bid...
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August 24, 2018, 07:10 AM
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Jeff Martin Auctioneers Inc. announced the integration of Martin & Martin Auctioneers of Pelzer, S.C. into its ongoing operations.The expansion will enable Jeff Martin Auctioneers, which has its headquarters in Brooklyn, Miss., to strengthen its...
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May 21, 2018, 07:12 AM
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In its first Edmonton, AB auction of the year, Ritchie Bros. sold more than 4,250 equipment items and trucks over three days (February 27 – March 1) for CA$60+ million (US$47+ million).More than 8,500 bidders from 53 countries registered to...
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March 05, 2018, 07:00 AM
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Twelve thousand plus equipment items and trucks sold in just six days at a Ritchie Bros. auction held inOrlando, FL last week. This is the company's premier auction each year, and this year they did it better than ever, reaching US$278+ million in...
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February 26, 2018, 07:05 AM
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This week Ritchie Bros. Auctioneers held its first Houston auction of 2018, selling 3,800+ equipment items over two days for US$40+ million. More than 5,500 people from 56 countries registered to bid in the auction (February 13 – 14), including...
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February 16, 2018, 07:02 AM
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AuctionTime.com set a new record for gross auction proceeds in its final online only auction for 2017. The sale included over 3,600 assets; items received bids from over 9,800 bidders across all 50 U.S. states and 40 other countries worldwide. The...
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January 02, 2018, 07:02 AM
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This week Ritchie Bros. sold 4,100+ equipment items and trucks for US$50+ million at its unreserved auction in Fort Worth, TX, setting a new December sales record for the site. More than 5,000 people from 60 countries registered to bid in the auction...
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December 15, 2017, 07:00 AM
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With its sixth and final Edmonton auction of the year last week, Ritchie Bros. sold 4,500+ equipment items and trucks for CA$66+ million (US$52+ million), bringing the site's 2017 total to 37,000+ items sold for CA$553+ million (US$421+ million). ...
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December 11, 2017, 07:00 AM
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Ritchie Bros. Auctioneers held a two-day auction at its site in Fort Worth, TX this week, selling 3,800+ equipment items and trucks for US$52+ million. Online buyers purchased approximately 58 percent of the equipment More than 4,900 people from 55...
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September 29, 2017, 07:01 AM
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Ritchie Bros. conducted its fourth Edmonton auction of the year last week, selling 6,600+ equipment items and trucks for CA$75+ million (US$62+ million) over three days (Sep 6 – 8, 2017). More than 8,700 people from 52 countries registered to bid...
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September 11, 2017, 07:05 AM
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Ritchie Bros. Auctioneers conducted its fourth Houston auction of the year this week, selling 3,700+ equipment items and trucks for US$49+ million over two days (August 23–24, 2017), and setting a new site record for online sales. More than 4,500...
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August 25, 2017, 07:05 AM
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Ritchie Bros. conducted its third Houston auction of the year this week, selling 4,700+ equipment items and trucks for US$46+ million—making it the largest June auction ever for the site. Over two action-packed days (June 21 – 22, 2017), more than...
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June 23, 2017, 07:00 AM
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Ritchie Bros., the world's largest heavy equipment auctioneer and provider of end-to-end services announced the receipt of unconditional antitrust clearance from the U.S. Department of Justice for the proposed acquisition of IronPlanet®, a leading...
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May 19, 2017, 07:00 AM
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Ritchie Bros.' April auction in Edmonton attracted 13,800 people from 60+ countries, as 8,650+ items were sold over four days (April 25 – 28, 2017) for US$134+ million. Approximately 66 percent of the bidders in the auction registered to participate...
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May 01, 2017, 06:14 AM
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As the dust settled after two action-packed days at Ritchie Bros.' Fort Worth auction site (March 15-16), the sales figures and turnout revealed the company's largest-ever Texas auction. More than 5,675 people registered to bid in person and online...
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March 17, 2017, 07:00 AM
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Ritchie Bros. conducted its first Edmonton auction of the year last week, selling 5,000+ equipment items and trucks for CA$62+ million (US$46+ million) over three days (March 2 – 4, 2017). More than 8,650 people from across Canada and 46 other...
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March 09, 2017, 06:55 AM
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Loeb Winternitz Industrial Auctioneers and Yellen Partners announced this week that they have facilitated the sale of the assets of Paramount Machining Solutions as a complete operation, to Global Manufacturing Industries. As a result, any scheduled...
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February 27, 2017, 07:00 AM
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Ritchie Bros. conducted its first multi-day auction of 2017 in Houston, TX this week. More than 4,400+ equipment items and trucks were sold in the February 15 – 16 auction for US$42+ million. The two-day unreserved public auction attracted 5,100+...
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February 17, 2017, 07:00 AM
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Ritchie Bros. Auctioneers sold approximately $4.33 billion of equipment through 356 unreserved auctions and its online equipment marketplace during 2016. This is a new annual record for the Company, and represents a 2% increase in gross auction...
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December 27, 2016, 07:04 AM
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Last week Ritchie Bros. conducted its fourth Edmonton, AB auction of the year, selling 6,300+ equipment items and trucks for CA$82+ million (US$63+ million). More than 9,300 people from 42 countries registered to bid in the unreserved auction held...
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September 12, 2016, 07:07 AM
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Ritchie Bros. Auctioneers Incorporated and IronPlanet® jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for approximately US$758.5 million, subject to customary closing adjustments. Founded...
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August 30, 2016, 07:15 AM
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Ritchie Bros. conducted its fourth Houston, TX auction of the year last week, selling close to 4,300 equipment items and trucks over two days for US$53+ million.
More than 4,500 people from 58 countries registered to bid in the unreserved public...
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August 29, 2016, 07:05 AM
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Ritchie Bros. announced that it has acquired the business of Petrowsky Auctioneers, significantly enhancing its market presence in the New England region. "Petrowsky's strong focus on customer relationships, trusted auction brand and well-established...
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August 03, 2016, 07:10 AM
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Records were smashed in Lethbridge last week, as Ritchie Bros. sold CA$24+ million (US$18+ million) of equipment in two days—with 67 percent (CA$16+ million) selling to online buyers. Traditionally the company's southern Alberta site has focused on...
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July 25, 2016, 07:00 AM
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Two weeks after its largest Canadian auction ever in Edmonton, Alberta, Ritchie Bros. was breaking records again with its largest Ontario auction ever. On May 11-12, 2016, Ritchie Bros. sold more than 3,000 equipment items and trucks for CA$36+...
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May 16, 2016, 07:04 AM
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More than US$47 million of equipment and trucks was sold in Ritchie Bros.' Houston, TX auction this week, which went ahead as scheduled despite heavy storms nearby. "Weather has never stopped a Ritchie Bros. auction," said Alan McVicker, Regional...
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April 22, 2016, 07:00 AM
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Ritchie Bros. Auctioneers announced it sold more than US$1 billion worth of equipment, trucks and other assets during the first quarter of 2016—representing 6.8% GAP growth compared to the first quarter of 2015, and a new first quarter GAP record. ...
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April 08, 2016, 07:10 AM
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Loeb Winternitz Industrial Auctioneers and Yellen Partners announced this week that they will be conducting a two day auction to liquidate the assets from Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc. The auction will take...
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April 07, 2016, 07:00 AM
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Kruse Energy, an IronPlanet® marketplace, announced a one-day record at its Midland, Texas, auction that drove the company’s gross merchandise volume (GMV) sold to surpass $1.0 billion since mid-2005, when the company was formed. The first day of the...
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March 24, 2016, 07:05 AM
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At Ritchie Bros.' Grande Prairie auction this week, one thing became clear: records would be broken. By auction's end, CA$62+ million (US$46+ million) of equipment had been sold, and more than 7,150 people had registered to bid—both new records for...
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March 16, 2016, 07:03 AM
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Ritchie Bros. announced its recent two-day auction set a new Texas-state records for number of bidders and items sold. The yard was packed with equipment—all of it lined up carefully, ready to be sold—as huge crowds showed up to bid at the auction...
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March 04, 2016, 07:24 AM
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Ritchie Bros.' first Canadian auction of the year in Edmonton, AB, a three-day unreserved public auction (February 24 – 26), attracted 13,100+ bidders from 47 countries—50 percent more than the same auction last year. Ritchie Bros. sold more than...
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February 29, 2016, 07:15 AM
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IronPlanet® sold more than 2,350 items for $93.8 million in gross merchandise volume, or GMV, at its Cat Auction Services unreserved public auction in Kissimmee, FL, last week. GMV from IronPlanet’s five-day sale held from February 8 – 12, 2016...
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February 19, 2016, 07:00 AM
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The December Rouse Value Index™ for used equipment prices decreased to 44.2, down 0.8% from November values. The decrease is now the eighth consecutive month of declines primarily driven by weaker recoveries observed in auction transactions. While...
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February 01, 2016, 07:05 AM
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Penton’s EquipmentWatch, the leader in equipment values, data and intelligence for over 50 years, has launched the 1st Annual EquipmentWatch Residual Value Awards, a new industry awards program based on asset value retention. The program recognizes...
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December 10, 2015, 07:04 AM
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Ritchie Bros. sold more than US$53 million of equipment and trucks at its unreserved public auction in Fort Worth, Texas on July 22-23, 2015. The two-day auction set a new Fort Worth site record for number of lots sold, with more than 4,250 items...
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July 27, 2015, 07:02 AM
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Ritchie Bros.sold CA$96+ million (US$78+ million) of heavy equipment and trucks at an unreserved public auction in Edmonton, AB on June 9 – 11, 2015. The auction attracted 6,950+ bidders from 45+ countries, including 4,500+ online bidders (65...
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June 12, 2015, 07:05 AM
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In early May 2015, Phoenix-based Swift Transportation sold 25 2013 Volvo VNL 670 sleeper truck tractors on EquipmentOne, Ritchie Bros.' new secure online marketplace. The professionally-maintained, low mileage, late model trucks were listed for 10...
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May 18, 2015, 07:00 AM
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Ritchie Bros. Auctioneers sold more than US$42 million of heavy equipment and trucks at an unreserved public auction in Houston, Texas on February 11-12, 2015. More than 3,800 lots were sold, including 190+ truck tractors, 60+ excavators, 30+ dozers...
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February 13, 2015, 06:17 AM
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