Tag: used equipment: Page 4

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

Ritchie Bros. launches EquipmentOne, the eBay of construction equipment

Ritchie Bros. has launched EquipmentOne, an online equipment marketplace where buyers can negotiate and settle transactions. Think of it as an eBay for construction equipment. Sellers can set their asking price or a “Buy It Now” price, while buyers can make offers and view other offers made. Photos and videos of the equipment along with […]

January 22, 2013

Roadbuilding

Online equipment sales platform launched by Ritchie Bros.

Vancouver, B.C.-based Ritchie Bros. Auctioneers has gone online with its equipment sales. Already a major player in equipment sales as the world’s largest seller of used industrial equipment as an auctioneer, the company on Jan. 22 announced the initial release Ritchie Bros EquipmentOne, a new online equipment marketplace for the company. With the initial rollout, […]

January 22, 2013

Business

Sumitomo acquires majority stake in Sunstate Equipment

Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]

January 8, 2013

Construction Equipment

Volvo Rents launches Used Equipment section on website

Volvo Rents has launched a section on the company’s website dedicated to used equipment sales. This section is intended to make used equipment more visible to customers. Equipment featured in the designated section includes excavators, generators, aerial platforms, backhoes and skid steer loaders. All of the equipment on the website is located the United States, […]

September 11, 2012

Construction Equipment

Ritchie 2nd quarter: Competition for late model used equipment intense

Ritchie Bros. Auctioneers released its 2nd quarter results, saying its six-month earnings grew 25 percent compared to the same period last year, and its auction revenues grew 13 percent. Gross auction proceeds (the total proceeds from all items sold at company auctions) were $2.1 billion, 3 percent higher than the first half of 2011. Peter […]

August 2, 2012

Technology

Ritchie targets non-auction equipment sales with buy

Ritchie Bros Auctioneers has bought AssetNation, a move it says gives them a technology platform with the ability to tap used equipment segments beyond the company’s unreserved auction market. The buy will result in several as-yet-unannounced initiatives “unique to the used equipment industry,” the first of which may be announced in July. Ritchie executives indicated […]

May 9, 2012

Roadbuilding

Ritchie Bros. earnings rise 13%

Ritchie Bros. Auctioneers announced net earnings for 2011 of $76.6 million, and adjusted net earnings of $73.6 million. This represents a 13% increase in adjusted net earnings over the previous year. Ritchie’s auction revenues for 2011 grew 11 percent to $396.1 million compared to $357.4 million for the same period in 2010. The company conducted […]

February 29, 2012

Business

Ritchie Bros. earnings rise 13%

Ritchie Bros. Auctioneers announced net earnings for 2011 of $76.6 million, and adjusted net earnings of $73.6 million. This represents a 13-percent increase in adjusted net earnings over the previous year. Ritchie's auction revenues for 2011 grew 11 percent to $396.1 million compared to $357.4 million for the same period in 2010. The company conducted 228 unreserved industrial and construction equipment auctions in 13 countries throughout North America, Europe, the Middle East, Central America and Australia during 2011. In 2011, gross auction proceeds were $3.7 billion, 13 percent higher than in 2010 and the highest in the company's history. The company's auction revenue rate (auction revenues as a percentage of gross auction proceeds) was 10.66 percent during the year compared to 10.90 percent in 2010. Ritchie's revised fee structure, which came into effect on July 1, 2011, contributed $21.9 million to auction revenues for 2011.

February 29, 2012

Roadbuilding

RSC Equipment Rental holding used equipment yard sale Dec. 8

Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.,Contractors, dealers and equipment operators will have the opportunity to buy used equipment originally sourced direct from top-tier manufacturers during RSC Rental Equipment's Yard Sale event at its locations nationwide on Dec. 8 from 7 a.m. to 5 p.m.

November 7, 2011

Business

Survivor Stories

Cash-only policy gives leg up on equipment buys, bonding By Marcia Gruver Doyle These actually are good times for L.E. Davis Construction, Harrison, Arkansas. From 2007 until now, President Larry Davis has managed to grow his annual revenues from $3.5 million to almost $14 million and his employees from 15 to 31 – but not […]

November 2, 2011