Ritchie Bros

As outlined in past editions of the Market Trends Report, equipment sales volumes declined through the pandemic, due to supply chain disruptions, as well as a variety of other sector-specific issues. However, since 2021 Ritchie Bros has seen volumes...

Ritchie Bros. is excited to announce that it has acquired a controlling stake in VeriTread, a leading transportation technology and services company. This acquisition will accelerate Ritchie Bros.' marketplace strategy, which brings services, insights, and transaction solutions together to...

Ritchie Bros. conducted 24 online auctions across the globe, selling more than 34,000 equipment items over six days. The two largest of these events took place in Alberta & Texas, where Ritchie Bros. sold a combined US$114 million of...

Last Week Ritchie Bros. conducted a three-day auction at its Edmonton, AB site, selling 7,600+ equipment items and trucks for 950+ owners and generating CA$85+ million (US$69+ million) in gross transaction value. 2021 auction attracted 17,700+ online bidders from 61...

Ritchie Bros., a global marketplace for insights, services, and transaction solutions, announced today that its Chief Operating Officer, Jim Kessler, will take on the additional role of President, effective immediately. "The President role will align our global revenue, services, operations, and critical support functions...

Ritchie Bros., a leading global asset management, disposition, and services company; and Europe's leading plant and machinery auction house, Euro Auctions, have jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire Euro Auctions...

According to the world’s biggest machinery and heavy equipment auctioneers, India is emerging as an important buyer market for used Middle Eastern mobile cranes and heavy lifting equipment. In 2020, Ritchie Bros. Middle East experienced a gradual increase in...

Last week Ritchie Bros. sold a staggering 10,700+ equipment items for CA$184+ million (US$131+ million) in its first-ever online-only auction in Edmonton, AB. The company, which has been conducting auctions in Alberta for close to six decades, has temporarily...

Heavy equipment auctioneer Ritchie Bros. supports equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow, including advance payment options and purchasing seller assets outright. While many are isolating at home during the coronavirus pandemic,...