External and internal experts to discuss OEM production delays,
volumes & pricing, driver shortages, high spot rates, and much
more
VANCOUVER, BC, July 13, 2021 /PRNewswire/ - With U.S. truck
tractor prices up 30% year over year at Ritchie Bros., the company
is diving into the data with industry experts to discuss what is
driving this hot transportation market in 2021. On July 27, at 12 p.m.
Pacific (3 p.m. Eastern) Ritchie
Bros. will host an Inside Edge industry panel about the
transportation industry, covering OEM production delays, auction
volumes & pricing, spot rate impact, driver shortages, and
more.
"Our Inside Edge Live Industry Panels are great way for Ritchie
Bros. to connect with customers and industry associations to share
expertise and data to help us all better understand the diverse
issues and factors impacting the industries we operate in every
day," said Matt Ackley, Chief
Marketing Officer and host of Ritchie Bros.' Inside Edge Panels.
"For our July 27th
transportation panel, we have some great guests joining our
discussion, including Steve Tam,
Vice President of ACT Research; Stacey
Jenkins, President of the Toronto Transportation
Association; and Julien Bigras,
Managing Director of Core Capital Inc."
Ritchie Bros.' Inside Edge Transportation Panel will be held as
a Microsoft Teams Live Event. Visit rbauction.com/blog to register
today. For more information, please email:
CorpComm@rbauction.com.
This week Ritchie Bros. released its July
2021 Market Trends Report, taking a closer look at
tandem-axle truck tractor sales (4 to 7-year old models) in
Canada and the United States. In the U.S. the company is
seeing a particularly hot market for 6-year-old trucks (2015
models) right now, while four-year-old models (2017 models) appear
to be in strongest demand in Canada. One of the most popular make/models in
both countries is the Freightliner Cascadia. Even though 2014-2017
truck models were a year older and had higher usage, the median
price for Cascadias were more than 45% higher in the first half of
2021 vs. 2020. Visit rbassetsolutions.com/market-trends-report to
download the full July 2021 report
ahead of the industry panel.
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a number of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial auctioneer
offers live auction events with online bidding; IronPlanet, an
online marketplace with featured weekly auctions and providing the
exclusive IronClad Assurance® equipment condition certification;
Marketplace-E, a controlled marketplace offering multiple price and
timing options; Mascus, a leading European online equipment
listing service; and Ritchie Bros. Private Treaty, offering
privately negotiated sales. The Company's suite of solutions also
includes Ritchie Bros. Asset Solutions and Rouse Services LLC,
which together provides a complete end-to-end asset management,
data-driven intelligence and performance benchmarking system.
Ritchie Bros. also offers sector-specific solutions including
GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing
and leasing through Ritchie Bros. Financial Services. For more
information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.