Build a fleet with a single offer Volt Power is one of the top utility service providers in the United States. Right now, we are selling more than 3,000 Volt assets through our Marketplace-E platform, where you can ‘make an offer’ or purchase items at a set ‘buy now’ price. Many of the items are closing on Friday, June 24! “The utility truck market is critically underserved right now, with new orders backlogged and strong demand for used assets, when you can find them,” said Jerilyn Nicholsen, Vice President, Strategic Accounts, Ritchie Bros. “Volt Power’s maintenance program is second-to-non ..read more

Big ticket sellers from our multiple sales channels last month Here’s your monthly look at our Top 10 big ticket construction items sold via Ritchie Bros. multiple sales channels in May 2022. 1. 2015 Caterpillar D11 dozer – US$1.15 million Sold via Marketplace-E from Florida. 2. 2017 Caterpillar 627K motor scraper – CA$1.02 million (US$794,070) Sold via Ritchie Bros. live auction in Edmonton, AB. 3. 2016 Caterpillar 325D FM roadbuilder – CA$770,000 (US$602,294) Sold via Ritchie Bros.’ B.C. Regional Auction Event. 4. 2019 Komatsu PC650LC-11 hydraulic excavator – US$570,000 Sold via Ritchie ..read more

Big ticket sellers from our multiple sales channels last month Here’s your monthly look at our Top 10 big ticket transportation items sold via Ritchie Bros. multiple sales channels in May 2022. 1. 2019 KENWORTH T880 Manitex TC50155HL 50 ton Straight Boom Truck – US$410,000 Sold via Ritchie Bros. live auction in Fort Worth, TX. 2. 2019 PETERBILT 377 Manitex TC50155HL Straight Boom Truck – US$410,000 Sold via Ritchie Bros. live auction in Fort Worth, TX. 3. 1996 Murray 26 ft 5 in 9 91 ft - 97 ft Extendable Lowboy Trailer – US$400,000 Sold via Marketplace-E in Livermore, CA. 4. 2015 KENWORTH ..read more

Identify, source, and procure parts electronically Over the last couple of years, supply chain issues and their monumental impact on the construction and transportation sectors have been well publicized. It’s been extraordinarily difficult for equipment/fleet owners to find new equipment, trucks, and parts during the pandemic. Unfortunately, finding correct equipment parts can be difficult at the best of times. It entails searching through a variety of manuals to identify the correct part ID number, not just for equipment make and model, but for a specific serial number, then calling around t ..read more

11,000+ bidders from 54 countries Today, we are building bigger and better events with our regional auction format, bringing together more consignors and buyers to provide more selection and increased competition. Last week, we held regional auctions on both sides of the border, with US$65+ million of equipment sold in our U.S. Rocky Mountain Event and US$27+ million (CA$35+ million) sold in our Canadian B.C. Regional Event—both of which were new regional records. “Consignors love these big events because they attract more bidders and the increased competition results in more money in their p ..read more

6,500+ bidders from 34 countries Today, we are building bigger and better events with our regional auction format, bringing together more consignors and buyers to provide more selection and increased competition. Last week, we held regional auctions on both sides of the border, with US$65+ million of equipment sold in our U.S. Rocky Mountain Event and CA$35+ million (US$27+ million) sold in our Canadian B.C. Regional Event—both of which were new regional records. "Our Chilliwack yard usually fills up quick, so it's great that we could add hundreds of additional items from elsewhere in B.C. an ..read more

May Texas auction up 9% year over year Last week, we conducted our second Fort Worth, TX auction of the year, selling US$60+ million of equipment and trucks for 700+ consignors. The three-day online auction saw gross transaction value grow approximately 9% year over year. More than 11,100+ bidders from 60+ countries registered to participate in the May 17 – 19, 2022 online auction, with approximately 93% of the equipment purchased by Americans, including 38% sold to Texans. The remaining seven percent of the assets were purchased by international buyers from as far away as Brazil, Thailand, a ..read more

More options and better selection with RB Energy Ritchie Bros. has long history of serving the oil & gas industry, with our first energy equipment auctions held in the 1960s. For the last several years, our oil & gas equipment auctions have been held under the Kruse Energy brand, as we expanded our online selling capabilities with the acquisition of IronPlanet. Today, Ritchie Bros. offers a complete end-to-end solution, with multiple disposition channels, value-added services, and the insights needed to make more educated decisions about your fleet. Ritchie Bros. has evolved and so ha ..read more

New AEM report offers glimpse into construction industry’s future The Association of Equipment Managers is offering a vision of the future for the construction industry. The member organization, who serves the interest of advancing construction and agriculture equipment manufacturers, released a whitepaper that outlines 10 trends changing the way construction companies operate in North America. You can access the full report here. “We brought our construction-based members together to take a look at the coming decade and identify the trends that are changing the industry and impacting constru ..read more

May 11 – 12 auction attracted 3,950+ online bidders Last week, we conducted our largest-ever auctions in Ontario and Manitoba, selling CA$71+ million (US$54+ million) of equipment and trucks in Toronto and CA$31+ million (US$24+ million) of assets in Winnipeg. The May 11 – 12 online Winnipeg, MB auction featured 2,190 equipment items and trucks selling for Borland Construction Inc., one of the oldest and largest heavy construction companies in the region. The May 11 – 12 online auction attracted 3,950+ bidders from 28 countries, with Canadians purchasing 94% of the assets, including 70% sold ..read more