Transportation Ritchie Bros. shareholders approve IAA acquisition, defy co-founder March 14, 2023 Shareholders of Ritchie Bros. Auctioneers (RBA) have approved an acquisition of IAA, defying a last-minute request from a corporate co-founder and former president who wanted to scuttle the deal.
Business Management Ritchie Bros. co-founder and former president are against IAA merger plans March 13, 2023 A co-founder and former president of Ritchie Bros. Auctioneers (RBA) are voicing their concerns about the auction house’s proposed merger with IAA, issuing a public letter to shareholders. “We…
Equipment Canadian buyers power latest Ritchie Bros. auction March 7, 2023 More than $72 million in equipment changed hands at Ritchie Bros. latest auction in Edmonton. The three-day auction attracted 15,300 bidders from more than 40 countries. More than 5,500 items…
Transportation Ritchie Bros. takes controlling interest in VeriTread January 9, 2023 Ritchie Bros. has acquired controlling interest in VeriTread – a business that specializes in technology platforms for heavy-haul transportation. Its products include a marketplace to list and quote shipments, an…
Transportation Ritchie Bros. to acquire IAA in $7.3 billion deal November 7, 2022 Ritchie Bros. auctioneers will acquire IAA — a business that specializes in selling total-loss, damaged and low-value vehicles — for $7.3 billion in stock and cash, including the assumption of…
Equipment Ritchie Bros. drops hammer on $99M in equipment during Edmonton auction October 31, 2022 Ritchie Bros. auctioneers sold more than $99 million in equipment during its fifth Edmonton auction of the year, after 16,500 bidders competed for more than 10,000 items. Equipment source from…
Equipment Used truck tractor prices up 17% over three months October 18, 2022 Ritchie Bros. is reporting a 17% increase in the prices for Canadian used truck tractors during the three months ending in September, compared to the same time frame last year.
Transportation Ritchie Bros. Edmonton auction attracts 14,600 bidders September 12, 2022 Ritchie Bros. sold more than 8,300 pieces of equipment for a collective $76 million at its latest Edmonton auction – a 29% increase compared to the same event last year.
Equipment Used truck prices continue upward push: Ritchie Bros. August 15, 2022 Ritchie Bros. continues to report tight transaction volumes, with 27% fewer deals in July 2022 than July 2021, and that continues to drive retail prices higher. “July pricing increased 2%…
Equipment Used truck prices up 31% in Q2: Ritchie Bros. July 18, 2022 The price of used tractors sold through Ritchie Bros. auctions continued to push higher in the second quarter of the year, reaching levels 31% above the same time frame last…
Equipment Used truck prices softening: Ritchie Bros. June 16, 2022 Used trucks are still commanding high values during Ritchie Bros. auctions, but the prices have softened in recent months – particularly in Canada. The company’s index that monitors truck tractor…
Equipment B.C. Ritchie Bros. event secures sales record May 31, 2022 Traffic to Ritchie Bros. auctions appears to signal continued strength in the market for used equipment. A regional auction in B.C. set a new record last week, selling more than…
Equipment Ritchie Bros. Edmonton auction collects $204 million May 9, 2022 Ritchie Bros. continue to see the benefits of a strong truck market, selling more than 11,000 pieces of equipment during its largest Canadian auction of the year. The offerings from…
Equipment Ritchie Bros. sets Montreal sales record March 28, 2022 Ritchie Bros. continues to report record-setting sales at its equipment auctions, with its latest Montreal event dropping the hammer on more than 3,000 pieces of equipment and collecting more than…
Transportation Ritchie Bros. auction moves $51M in equipment November 29, 2021 Ritchie Bros. auctioneers sold more than 2,750 pieces of equipment and trucks last week in Grande Prairie, Alberta, representing more than $51 million in transactions. The Nov. 22-24 online auction…
