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Department of Defense Extends Rolling-stock Contract with GovPlanet

September 10, 2018, 07:05 AM
Filed Under: Auction News

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 non-rolling stock assets through GovPlanet—this includes industrial machinery, electrical equipment, textiles, spare parts and other miscellaneous surplus assets. After seeing consistently strong returns, the DoD has decided to extend its rolling stock contract with GovPlanet, until at least September 2019.

"We now sell hundreds or thousands of items per week for the U.S. Department of Defense through our GovPlanet marketplace, with non-rolling stock auctions on Tuesdays and rolling stock auctions on Wednesdays," said Conner Humphrey, Vice President, Government Services, Ritchie Bros. "Over the past four years, we've sold more than 57,000+ items for the U.S. DoD, including 10,500+ Humvees, 13,750+ utility trailers, and 13,000+ cargo trucks."

The rolling stock contract has multi-year extension options, to be revisited annually.

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