RITCHIE

Ritchie Bros. has announced an organizational realignment in North America to: 1) Prioritize senior management focus on penetrating the Upstream segment of the used equipment disposition market: The Upstream segment represents a large opportunity from OEMs and dealers, rental companies and other large construction and transportation multinationals, which tend to remarket used equipment through their own channels.

Ritchie Bros.' February event in Orlando will welcome buyers and sellers from nearly every corner of the world. Next week Ritchie Bros. aims to do it bigger and better than ever, selling more than 13,400 items in six days for the first time in its history.

Adding 20 extra acres for equipment display, Ritchie Bros. is aiming to make the February 2019 Orlando auction its best yet. With three weeks remaining until the six-day mega auction, there are already 11,500+ equipment items and trucks listed to be sold for companies across the United States and internationally — up approximately 15 percent from the same time last year.

In one of the biggest events ever of its kind, Ritchie Bros.' GovPlanet marketplace is set to sell more than 10,000 military surplus items in just two days. Humvees, tactical vehicles, construction equipment, uniforms, field gear, industrial and commercial equipment and more will all be available to be purchased by the general public on Dec.

Hundreds of trucks and trailers will be making their way to Ritchie Bros. ' Las Vegas site over the next month to be sold in the company's first-ever transportation-only sales event on Dec. 6. The one-day auction will feature tons of late-model, low-hour truck tractors from dozens of owners, including major fleets like Penske.

Kruse Energy Auctioneers, a Ritchie Bros. solution focusing on energy equipment-related auctions, recently sold a Loadcraft 2000HP SCR drilling rig at its event in Odessa, Texas, for $5.5 million, making it the most expensive drilling rig the company has ever sold.

PowerChina Trade Solution Group Ltd. , one of the world's largest construction companies, has selected Ritchie Bros. as a key partner for its surplus equipment disposition. In early September, the two companies signed a multi-year agreement that will see assets from completed PowerChina projects and other Chinese state-owned enterprises sold through various Ritchie Bros.

For the past four years, the GovPlanet marketplace has helped the U.S. Department of Defense sell thousands of its rolling stock surplus assets, including Humvees, utility trailers, cargo trucks and more. In 2018, the U.S. DoD also began selling its non-rolling stock assets through GovPlanet — this includes industrial machinery, electrical equipment, textiles, spare parts and other miscellaneous surplus assets.

For many families in British Columbia, organized sports is a luxury they can't afford. KidSport BC and Ritchie Bros. are on a mission to change that. For the past nine years, Ritchie Bros. has teamed up with KidSport to host the Corporate Kids Challenge, a full-day charity event where corporate teams from across the Greater Vancouver area compete in a series of sports-day challenges in the hopes of raising the coveted CKC trophy and a ton of money for kids in need.

More than 4,000 bidders participated online and in person at Ritchie Bros.' multi-million-dollar unreserved public equipment auction in Fort Worth, Texas, on July 17 and 18, 2018. With bidders from 45 countries, approximately 55 percent of the equipment in the auction was sold to out-of-state buyers, from as far away as Australia, Germany and India.

John Deere dealership, 4Rivers Equipment, will be sponsoring the American Cancer Society's 2018 Big Dig of Northern Colorado event, which will be held from 9:00 a.m. to 1:00 p.m. on Saturday, July 21, at Ritchie Bros. Auctioneers in Longmont. The Big Dig gives local Northern Colorado children, including cancer patients and survivors, the opportunity to attend and operate heavy machinery donated by 4Rivers Equipment.