FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Ritchie Bros. EquipmentOne Sells 25 Volvo Trucks for Swift Transportation

May 18, 2015, 07:00 AM
Filed Under: Auction News

 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 days; all 25 trucks achieved competitive market prices and satisfied seller expectations. Four people, including three first-time EquipmentOne buyers, purchased all 25 trucks listed for sale. Swift is North America's largest full truckload carrier and a long-time Ritchie Bros. customer. This was Swift's first time selling on the EquipmentOne platform.

"We had an excellent first experience with EquipmentOne, and are already planning our next sale," said Erek Starnes, Vice President of Equipment Leasing and Sales, Swift Transportation. "We achieved great results, and particularly appreciated the speed of the sale. With EquipmentOne we can sell from our lot and base the timing on our schedule, which minimizes downtime. We felt the price would take care of itself—Ritchie Bros. has a national footprint and a remarkable advertising and marketing strategy; they are able to reach out and attract the buyers who want a particular spec truck. There's no sitting waiting for the phone to ring."

Founded in 1966, Swift Transportation operates the largest fleet of Class 8 trucks in North America. Swift maintains its fleet to the highest standards in the industry with a strict preventative maintenance program.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.