1,200+ online bidders from 44 countries registered for the July 2 unreserved Polotitlán auction
July 9, 2020
Last week Ritchie Bros. conducted its first-ever online-only auction in Mexico, at its site in Polotitlán. Traditionally the site sees 80+ percent of its bidders participating in person, so this was a big challenge for the company—and it succeeded.
Ritchie Bros.' massive Edmonton, AB auction site is filling up quickly, with more than 10,000 items set to sell on Monday, May 11 through Friday, May 15. Because of local crowd size restrictions due to COVID-19, there will be no in-person bidding—all bidding must be done online at rbauction.com.
Team members from Genie, a Terex brand, headquartered in Redmond, Wash., have been working on a concept that will allow them to produce medical equipment for a local hospital, as personal protection equipment (PPE) remains in high demand.
If anyone thinks this labor shortage is going away, think again. According to the U.S. Bureau of Labor Statistics (June 2019), unfilled construction jobs are estimated at 300,000, with an anticipated additional need for 747,000 workers by 2026.
Hy-Brid Lifts, the industry leader in high-quality, low-level access equipment, announces the appointment of Brad Boehler to its Board of Directors. In this role, Boehler will tap into his years of industry experience in both engineering and market development to help guide the strategic direction of Hy-Brid Lifts by Custom Equipment, LLC.
Hilti has acquired substantially all of the assets of Concrete Sensors, a provider of connected (i.e., “smart”) devices, software and services that help enable improved decision making and accelerated construction schedules through better understanding of the concrete curing process.
New Credit Facility Positions ABLE For Continued Growth.
March 5, 2020
ABLE Equipment Rental, Inc. (ABLE) of New York, a supplier of construction equipment rentals, sales, service and parts, announced the closing of a $150 million Asset Based Loan with M&T Bank as lead arranger and administrative agent.
As one of the premier rental equipment companies in North America, Sunbelt Rentals has an extensive equipment fleet that exceeds $10 billion across its more than 900 rental locations. Managing and disposing assets from a fleet of this size is not easy work, so Sunbelt turned to Ritchie Bros. and its RB Asset Solutions technology to help it better manage, analyze, and redeploy its assets.