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…
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…
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 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 record as used equipment prices soar December 16, 2021 Ritchie Bros. says if completed a record-breaking year in Ontario, drawing in $44 million in sales at its Toronto auction last week. More than 8,500 online bidders took part in…
Transportation Ritchie Bros. moves $53M in equipment during Edmonton auction December 13, 2021 Ritchie Bros.’ final Edmonton auction of the year sold more than 4,400 pieces of equipment, amounting to more than $53 million in transactions. Canadians purchased about 93% of the items…
Transportation Ritchie Bros. sells $85M in equipment at Edmonton auction November 1, 2021 Ritchie Bros. auctioneers sold 7,600 pieces of equipment and trucks for a collective $85 million during a three-day auction in Edmonton. The event, which ran Oct. 26-28, attracted more than…
Equipment Canadian used truck prices up in Q3: Ritchie Bros. September 17, 2021 Used truck prices sold through Ritchie Bros. auctions continued to increase in the third quarter, but Canadian prices are showing signs of flattening. Canadian truck tractor prices (Source: Ritchie Bros.)…
Equipment Strong pricing at most recent Ritchie Bros. auction September 13, 2021 Ritchie Bros. sold more than 8,100 pieces of equipment last week at an Edmonton-based auction. There were 15,200 online bidders from 62 countries registered at the company’s fourth Edmonton auction…
Equipment Ritchie Bros. acquiring Euro Auctions in US$1B deal August 9, 2021 Ritchie Bros. auctioneers will acquire Euro Auctions Group in a US $1.08 billion cash deal, establishing a key foothold for markets in Europe, the Middle East, and Africa. Euro Auctions,…
Equipment Ritchie Bros. Edmonton auction sets records May 10, 2021 Ritchie Bros. continues to set sales records, with last week’s Alberta auction selling 13,600 items for a collective $197 million. The Edmonton auction run from May 3-8 saw 28,700 online…
