Tag: Ritchie Bros. Auctioneers: Page 3

Construction Equipment

Ritchie Bros. calls first China auction a “big success”

More than 1,000 people attended Ritchie Bros. Auctioneers first unreserved public auction in China with more than 500 registering to bid. Bidders represented more than 30 countries. Ritchie Bros. says the crowd was mainly made up of local equipment end users from Beijing and the surrounding Hebei province. However, overseas bidders—those from the U.S., United […]

April 24, 2013

Construction Equipment

Ritchie Bros. lists 5 things to look for at Bauma

Sixteen exhibition halls. More than 6.1 million square feet of indoor, outdoor and demonstration exhibit area. Though Bauma, the world’s largest construction equipment show, offers quite a bit of equipment to see, it offers much more ground to cover. And all this week editors Marcia Gruver Doyle and Tom Jackson will be pounding the ground in […]

April 15, 2013

Construction Equipment

Behind the scenes: Ritchie Bros. auctions $176 million in equipment in Orlando

When the last gavel fell at Ritchie Bros.’ annual big auction last week the company had sold more than 9,400 items, mostly construction equipment and trucks, totalling $176 million. This year the company invited us to observe how the big auction works. If nothing else, the sheer spectacle, size and scale of the event, and […]

February 27, 2013

Business

Ritchie Bros. sees increased auction earnings, big boosts online in 2012

Ritchie Bros. Auctioneers announced today that it brought in net earnings of $82.6 million in 2012, a 12 percent increase from adjusted earnings in 2011. The company notes that without its purchase of AssetNation, which it used to build its new EquipmentOne equipment sales website, net earnings would have been an improvement of 17 percent. […]

February 26, 2013

Construction Equipment

Ritchie Bros. shares more details on new EquipmentOne sales site

If you  want to sell, but don’t particularly want to put your heavy equipment up for sale at an auction, has Ritchie Bros. new way to sell and buy equipment. Opened near the end of January with a full launch planned for April, the new, web-based  equipment exchange venue is called EquipmentOne and the company briefed […]

February 22, 2013

Business

Ritchie Bros. president sees turnaround for construction; unsure on value of Tier 4

The Ritchie Bros. equipment auction is in full swing here in Kissimmee, Florida, and given the robust nature of the sales company, President Rob Mackay sees things getting better for the future of the construction economy. The company saw its sales increase worldwide to $3.9 billion last year and Mackay says recent auctions in Houston, […]

February 21, 2013

Business

Iron Planet wins first round against Ritchie Bros. in suit involving Iowa contractor

IronPlanet announced Friday that an Iowa District Court jury ruled in favor of their suit against Ritchie Bros. Auctioneers that contended Ritchie interfered in a contract between IronPlanet and customer Scheckel Construction, Bellevue, Iowa. IronPlanet says the jury found that Ritchie Bros. “intentionally and improperly interfered with a valid April 2011 contract between IronPlanet and […]

February 8, 2013

Construction Equipment

First Ritchie Bros. equipment auction in China to be held April 18

Ritchie Bros. Auctioneers will hold its first unreserved public auction in China on April 18. The company made the official announcement Friday morning. It has started receiving its first consignments including an unused 2010 Kata HD820V hydraulic excavator; a 2009 Caterpillar 320D-E hydraulic excavator; and a 2007 Caterpillar D7G Series II crawler tractor. Ritchie Bros. […]

February 1, 2013

Construction Equipment

Hydraulic excavators top list of construction equipment types sold by Ritchie Bros. in 2012

Ritchie Bros. auctioneers has published five “Top 5” lists to its website that provide a pretty interesting look at equipment trends in 2012. Hydraulic excavators were popular among Ritchie Bros. customers this past year, coming in as the no. 1 type of construction equipment sold and the no. 1 search query at rbauctions.com at 1.1 […]

February 1, 2013

Business

Ritchie Bros. auctions company record $3.9 billion worth of equipment in 2012

Ritchie Bros. Auctioneers sold nearly $3.9 billion worth of equipment in 2012, the company announced today. The $3.9 billion mark is a company record and came through 328 unreserved auctions around the world. The sales represent a 5 percent increase in gross auction proceeds over 2011 and the company saw $1 billion in auction proceeds […]

December 21, 2012