U.S. Department of Defense Extends Rolling-Stock Contract With GovPlanet

Mon September 10, 2018 - National Edition
Ritchie Bros. Auctioneers

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. After seeing consistently strong returns, the U.S. DoD has decided to extend its rolling stock contract with GovPlanet, until at least September 2019.

"We now sell hundreds or thousands of items per week for the U.S. Department of Defense through our GovPlanet marketplace, with non-rolling stock auctions on Tuesdays and rolling stock auctions on Wednesdays," said Conner Humphrey, vice president, Government Services, Ritchie Bros. "Over the past four years, we've sold more than 57,000+ items for the U.S. DoD, including 10,500+ Humvees, 13,750+ utility trailers and 13,000+ cargo trucks."

The rolling stock contract has multi-year extension options, to be revisited annually.

For more information about GovPlanet and assets from the U.S. Department of Defense, visit GovPlanet.com.

About GovPlanet

GovPlanet, a Ritchie Bros. solution, was launched in 2014 to address the specialized equipment disposition needs of public entities, from federal, including military, to state, local and municipal. Each week, on average, GovPlanet draws close to 90,000 attendees to its online auctions. Items go into preview two weeks in advance and bidders can view photos, video and inspection reports. All items sold on GovPlanet have been inspected and come with IronPlanet's exclusive IronClad Assurance equipment condition certifications, which give bidders the confidence to buy online from anywhere in the world.

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