GovPlanet to Host First Online Auction on November 19

truckPLEASANTON, Calif. – October 29, 2014 –GovPlanetSM, an online marketplace dedicated to buying and selling used government assets, announced that buyers can start viewing and bidding on U.S. Department of Defense (DoD) rolling stock surplus assets beginning today. The first auction on November 19, 2014, will feature over 175 inspected items many of which are available for preview now on www.govplanet.com. GovPlanet.com will serve as the primary marketplace for the sale of DoD rolling stock surplus assets.

“We are excited to bring our online marketplace and global buyer base to the government sector for used equipment, including the industry’s only guaranteed inspection reports,” said Gregory J. Owens, Chairman and CEO of parent company IronPlanet. “With our nearly 15 years of online auction experience and a worldwide audience of more than one million registered users, we are looking forward to making it easier than ever to buy and sell used government equipment online.”

The auction will feature rolling stock surplus assets of the DoD, including trucks, trailers, generators, wheel loaders, cranes, crawler tractors and other equipment. Every item on GovPlanet will include an inspection report with a thorough description of the equipment’s condition and features and photos. These reports are backed by IronPlanet’s exclusive IronClad Assurance® buyer protection program, which guarantees the report is an accurate description of the item’s condition. Buyers can preview rolling stock surplus assets of the DoD two weeks before each auction.

GovPlanet.com will also hold auctions on Wednesdays in December on the 3rd, 10th, and 17th. Inventory may be viewed two weeks in advance of each auction.

GovPlanet’s marketplace, GovPlanet.com, is built on IronPlanet’s proprietary technology, which offers sellers the ability to maximize revenue through various remarketing channels, including online auctions, while giving buyers the most efficient connection to inventories globally. Buyers and sellers can manage their fleet assets more cost effectively and efficiently than traditional physical auctions, and on their own timelines.

GovPlanet is part of the IronPlanet family of sites which includes IronPlanet®, GovPlanetSM, TruckPlanet®, allEquipSM and Asset Appraisal ServicesSM.  For more information, visit www.govplanet.com. IronPlanet was awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense (Surplus Contract) on July 25, 2014.

About IronPlanet
Since pioneering online equipment auctions for the construction market in 2000, IronPlanet has sold almost $4 billion of used equipment online and has built an audience of more than one million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® buyer protection program and family of sites including IronPlanet®, GovPlanetSM, TruckPlanet®, allEquipSM and Asset Appraisal ServicesSM. For more information, visit www.ironplanet.com.

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What’s Next for Surplus Sales?

militaryIs buying and selling surplus military vehicles a hobby of yours? John Adams-Graf, Editor for Military Vehicles Magazine and Military Trader, takes a look at how IronPlanet will take over selling surplus stock for the Defense Logistics Agency (DLA).

Read the full post via Military Trader here.

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Saving Time & Money at Auctions

m-truckplanet-open-1With TruckPlanet, buying and selling used commercial trucks has never been easier. Work Truck magazine explores the history and advantages of TruckPlanet here and in the September issue.

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IronPlanet Announces GovPlanet: New Online Marketplace for Buying and Selling Government Surplus

GovPlanet jpgPLEASANTON, Calif. – [Sept. 24, 2014] – IronPlanet®, the leading online marketplace for buying and selling used heavy equipment and trucks, today launched GovPlanetSM, an online marketplace dedicated to buying and selling used government assets. GovPlanet will be the primary marketplace for the sale of U.S. Department of Defense (DoD) rolling stock surplus assets.

“We are excited to bring our expertise as well as our over one million registered users to the government surplus market with our recently awarded contract from the U.S. Defense Logistics Agency,” said Gregory J. Owens, Chairman and CEO, IronPlanet. “GovPlanet is a compelling new platform for fast and efficient disposal of government surplus equipment that we believe will transform the way assets have traditionally been sold in this market. We look forward to working with the DoD and other public sector entities as we grow GovPlanet.”

First Auction November 19, 2014, at www.GovPlanet.com

Military truckGovPlanet’s first online auction will be on Wednesday, November 19, 2014. Buyers can go to www.GovPlanet.com today to sign up for inventory updates leading up to the inaugural sale. GovPlanet’s November 19 auction will feature rolling stock surplus assets of the DoD. Rolling stock includes surplus trucks, trailers, generators, wheel loaders, cranes, crawler tractors and other equipment. Every item on GovPlanet will include a detailed inspection report backed by IronPlanet’s exclusive IronClad Assurance® buyer protection program, which guarantees the report is an accurate description of the item’s condition.

GovPlanet Specializing in Government Surplus, Federal, State and Municipal

GovPlanet’s marketplace, GovPlanet.com, is built on IronPlanet’s proprietary technology, which offers sellers the ability to maximize revenue through various remarketing channels, including online auctions, while giving buyers the most efficient connection to inventories globally. Buyers and sellers can manage their fleet assets more cost effectively than traditional auctions and on their timelines. GovPlanet.com follows IronPlanet’s TruckPlanet.com, which went live in May 2013, and allEquip.com, IronPlanet’s buy-it-now marketplace, introduced in June 2014.

“GovPlanet is IronPlanet’s newest offering on our proven online marketplace platform,” said Randy Berry, IronPlanet’s Senior Vice President, Operations and Services, and head of GovPlanet. “Winning the DLA contract gives us the ability to leverage our technology and operational strengths to reach new audiences in the federal, state and municipal markets.”

IronPlanet was awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense (Surplus Contract) on July 25, 2014.

About IronPlanet
Since pioneering online equipment auctions for the construction market in 2000, IronPlanet has sold almost $4 billion of used equipment online and has built an audience of more than one million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® buyer protection program and family of sites including IronPlanet®, GovPlanetSM, TruckPlanet®, allEquipSM and Asset Appraisal ServicesSM. For more information, visit www.ironplanet.com.

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Guyan International Relies on IronPlanet to Sell Excess Equipment

Carletta Fannin #517099“I would like to commend the staff at IronPlanet for the ease in selling several pieces of equipment earlier this year. Our representative, Chris Owens, was very helpful and the entire process went smoothly. I would highly recommend IronPlanet to anyone thinking of selling construction equipment and will be using the site again as future needs arise.” – Carletta Fannin, Executive Assistant, Guyan International

 

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Connecting to a Global Marketplace

Piling CanadaOnsite auctions are no longer the only method for buying and selling used heavy equipment. Learn how online marketplaces like IronPlanet are making it easier than ever to manage a fleet in an article from Piling Canada (p. 22-32).

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Global Opportunities for North American Equipment Owners

Supply PostHow can you avoid local market issues when selling heavy equipment? One easy method is to use an online marketplace that reaches more buyers than physical auctions. Learn more about the opportunities sellers now have in our Supply Post column.

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Success Stories in Online Vehicle Remarketing

Govt. FleetThere are many reasons why a fleet may change its remarketing efforts, including higher returns, ease of selling, a larger buyer base and faster transactions. Learn how the City of Madison, Wis. has utilized IronPlanet to sell its equipment via Government Fleet.

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Just a Click Away

Online heavy equipment auctions offer numerous benefits for both sellers and buyers, Rock to Roadmaking them a preferred option for many people around the world. However, it’s important that users understand how to have a successful transaction using an online marketplace. Learn a few tips before your next sale or purchase in our article in Rock to Road.

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South of the Border: Equipment Demand in Developing Nations

Equipment JournalOnline auctions help sellers reach a global buyer base. In developing nations, buyers are especially interested in equipment from North America. Learn how to capitalize on this group of buyers in our Equipment Journal article, “South of the Border: Equipment Demand in Developing Nations.”

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IronPlanet Awarded Contract for U.S. Department of Defense Rolling Stock Surplus Contract

IronPlanet®, the leading online marketplace for buying and selling used heavy equipment and trucks, today announced that it was awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract).   The DLA issued the final contract award to IronPlanet on July 25, 2014 pursuant to a competitive bid process that was held on April 1, 2014.

Bids for the Surplus Contract were based on a percentage of the sales price of the items that bidders will share with the DLA. IronPlanet estimates $50-70 million of rolling stock annually, and its bid was equal to 75.29 percent revenue share to the DLA. The Surplus Contract has a base term of two years with four one-year renewal options.  Following the bid process, Liquidity Services, Inc. (NASDAQ:LQDT) filed a bid protest with the Government Accountability Office (GAO).  This protest and supplemental protests filed were denied by the GAO on July 23, 2014.

“We are very pleased and excited to be officially awarded this contract, and to partner with the Defense Logistics Agency.  We have already begun moving forward leveraging our existing infrastructure and resources to build the dedicated capabilities necessary to maximize the returns for the U.S. Department of Defense, and ultimately the U.S. taxpayer, in selling their surplus rolling stock assets,” said Greg Owens, CEO, IronPlanet.  “IronPlanet’s nearly 15 years of experience in selling equipment positions us well to meet our objectives in driving value for the DLA and the U.S. Department of Defense as well as building out additional inventory management capabilities for others across the public sector.”

Rolling stock includes surplus trucks, trailers, generators, wheel loaders, cranes, crawler tractors, and other equipment.  While Surplus Contract volume will begin to flow to IronPlanet in the third quarter of 2014, the contract is scheduled to fully commence late 2014 into 2015.

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Infrastructure Contractors, Inc. Disposes of a Variety of Equipment with IronPlanet

“I’ve relied on IronPlanet to quickly and efficiently sell my construction, transportation and underground boring equipment for over six years. Their proprietary process and industry leadership directly brings high sale values and dollars back into the six companies that I manage. Whether you need to liquidate a few pieces or consistently move over millions of dollars in assets, IronPlanet provides a quick response, knowledgeable and personable reps and their IronClad Assurance guarantee, which provides peace of mind for any company or equipment manager looking to get their equipment into the hands of eager buyers.” – Zane Harvey, Infrastructure Contractors, Inc.

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IronPlanet Launches allEquip, the New Way to Buy Used Equipment Online

IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today launched allEquip.com, an online, “buy now” marketplace of used construction equipment for sale at competitive prices.

“IronPlanet’s allEquip offers online buyers the convenience of a ‘buy now’ marketplace for the ready-to-work equipment they need now,” said Greg Owens, CEO, IronPlanet. “With a wide selection of equipment, buyers can purchase equipment online today and every day at competitive prices with confidence knowing the equipment was inspected and guaranteed. We are committed to making the buying and selling of equipment faster and easier.  The allEquip ‘buy now’ marketplace gives sellers another option to sell their equipment in addition to IronPlanet’s auctions – both having access to IronPlanet’s global buyer base of over one million potential buyers.”

allEquipSM manages the complete transaction between the buyer and the seller, from equipment listing on the site through final payment.  Every item for sale has a guaranteed inspection report, a “buy now, haggle-free price,” and can be quickly purchased directly from the site with a click of a button.

The detailed inspection reports provide a thorough description and photos of the equipment’s condition and features. These reports are backed by allEquip’s exclusive 100 percent guarantee, which ensures that the reports are a true representation of the condition of the equipment. Like IronPlanet’s renowned inspections and IronClad Assurance® program, the allEquip 100 percent guarantee provides buyers from around the world the confidence to purchase equipment online.

“allEquip provides another disposition channel that leverages IronPlanet’s broad, global buyer base,” commented James Dennis, Director, Fleet Operations, Sunbelt Rentals. “It helps us reach buyers that are looking for equipment every day, not just at auction.  We are excited to leverage this retail-oriented channel that features a great selection of always-available equipment, in addition to using IronPlanet auctions to help us manage the disposition of our assets.”

allEquip offers companies with extensive inventory of used equipment, including rental companies, OEMs, contractors and financial services companies, a new channel to deliver higher value and quick sales for their fleet disposal requirements.  allEquip’s reach to buyers around the world and the attraction of a wide variety of equipment for sale every day backed by guaranteed inspection reports, results in a cost-effective sales channel for equipment owners.

For more information about allEquip, visit www.allequip.com.  For more information about IronPlanet, visit www.ironplanet.com.

About IronPlanet
IronPlanet is the leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

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Detailed Inspection Reports Help Dixie Construction

“IronPlanet provides a turnkey solution for our business. The two week preview period allowed us to do our research without the rush of a traditional auction. The photos and reports were well organized and I was able to log in to review transportation quotes and print invoices with no additional coordination necessary.” – Chris Dixon, Dixie Construction

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IronPlanet Partners with VeriTread to Provide the Industry’s Most Reliable Transportation Services

PLEASANTON, Calif. – May 16, 2014 – IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today announced a partnership with VeriTread, an online heavy-haul transportation marketplace, to provide IronPlanet customers with the industry’s most reliable and cost-effective shipping services.

“We are excited to partner with VeriTread to give our customers access to best-in-class prequalified transportation services,” said Greg Owens, CEO, IronPlanet. “Our partnership with VeriTread is another example of our ongoing commitment to providing our customers with innovative solutions that simplify the process of buying used equipment.”

VeriTread is fully integrated with IronPlanet’s equipment inspection reports, giving transportation providers all of the details necessary to make accurate quotes.  Additionally, VeriTread provides information on permitting regulations, heavy haul trailer requirements, port protocols, routing and loading/unloading restrictions to ensure successful pick-up and delivery of equipment.

“This partnership continues to enhance IronPlanet customer service and our goal of facilitating the timely and cost-effective delivery of equipment to our customers,” said Randy Berry, senior vice president of operations and services, IronPlanet.  “We are dedicated to ensuring that our customers have a positive buying experience, and this partnership offers our customers an important new value-added service which connects them with the best shipping providers in the market.”

VeriTread goes to great lengths to qualify each of its shipping providers to ensure a safe, reliable and proven transportation service.  It monitors its service providers’ insurance levels and offers a user-based feedback and rating system. IronPlanet customers will also have access to VeriTread’s freight estimator tool, allowing customers to get instant freight estimates based on their shipping requirements.

“We’re excited to offer IronPlanet customers the easiest and most reliable way to transport their equipment,” said Jeff Cox Jr., founder of VeriTread.  “By providing the industry’s most reliable quotes, pre-qualified shipping providers and best-in-class service, we make the process of finding and choosing outstanding transportation partners easy.”

For more information about IronPlanet, visit www.ironplanet.com.

About IronPlanet
IronPlanet is the leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

About VeriTread

VeriTread is an online freight exchange focused on improving the way heavy equipment is transported. The VeriTread marketplace connects shipping customers with the best transportation providers in a fair and secure environment.  With instant online estimates, competitive quotes, and detailed equipment specifications, shipping customers can make smarter, more informed transportation decisions.

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WV Metals Finds Value in Online Auctions

“After years of using onsite auctions to buy equipment, I turned to IronPlanet to purchase a Caterpillar D4 dozer. Often at onsite auctions, the buyer only sees and hears what the seller wants, but this wasn’t the case with IronPlanet. The IronClad Assurance was a major selling point and gave me confidence to bid. The inspection report was very accurate in its description of the machine, which has exceeded my expectations.” – Mark Gerwig, WV Metals

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Equipment Buyers Find Value Online

Used heavy equipment buyers are continually looking for ways to conveniently purchase additional machines for their fleets. In Canada and beyond, they’re turning to online equipment auctions.

Download the latest column from Equipment Journal to hear how Canadian-based C. Duncan Construction Ltd. and McTaggart Equipment Co. Ltd. use IronPlanet for fleet management. Or view it online here.

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Encon Equipment Relies on IronPlanet’s Weekly Auctions

“IronPlanet is a trusted name. I’ve been purchasing equipment on the site since 2006 and find the item descriptions accurate and dependable. We are always looking for a good deal and find IronPlanet’s weekly auctions to be a great resource when we need to expand or replace inventory.” – Matt Wells, Encon Equipment

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TruckPlanet Celebrates One-Year Anniversary of its First Online Auction

PLEASANTON, Calif. – May 9, 2014 – TruckPlanet, the leading online marketplace for buying and selling used commercial trucks, celebrates the one-year anniversary of its first online auction this week.

“We are excited to celebrate the success of our first year, and we are pleased with how the market has enthusiastically received TruckPlanet,” said Randy Berry, president of TruckPlanet. “Our weekly online auctions give truck sellers faster time to cash and provide buyers with regular access to our strong commercial truck inventory.  TruckPlanet’s online marketplace is more efficient and cost-effective than traditional auctions, and our guaranteed inspection reports allow buyers to purchase with confidence.”

Since its launch, TruckPlanet has sold over $70 million of trucks and trailers – including day cabs, sleepers, cargo trucks, refrigerated trucks, trailers and more.  Over 900 sellers throughout North America sold their trucks to more than 2,600 buyers around the globe through TruckPlanet. 

IronPlanet, the pioneer in online auctions for used heavy equipment, launched TruckPlanet last year to bring its marketplace success to the North American trucking industry. By extending its online expertise and weekly sales platform to buyers and sellers of used commercial trucks, truck fleet managers now have a consistent and flexible solution for fleet disposal without the time and costs associated with traditional physical auctions.

In addition to the weekly auctions, TruckPlanet offers sellers multiple options tailored to fit their disposal requirements including one-owner liquidations, the Daily Marketplace with reserve prices, a full-service brokerage, and appraisal services.

TruckPlanet allows buyers to purchase items online with confidence because of its guaranteed inspection reports, which provide images and detailed equipment data. TruckPlanet’s IronClad Assurance buyer protection program guarantees the report is an accurate description of the truck’s condition.

TruckPlanet hosts online auctions of commercial trucks every Thursday at 8 a.m. Pacific Time.  For more information about TruckPlanet, visit www.truckplanet.com.

About TruckPlanet
TruckPlanet is the leading online marketplace for buying and selling used commercial trucks. Its guaranteed inspection reports and exclusive IronClad Assurance® enable buyers to bid with a high degree of confidence.  Sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers.  TruckPlanet is a brand of IronPlanet, the leading online marketplace for used heavy equipment.  For more information, visit www.truckplanet.com.

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Dan Plourde Reaches Global Buyers with IronPlanet

“By using IronPlanet, we’ve been able to sell equipment to a wider, global audience of buyers spanning Saudi Arabia, Antigua, Canada, the U.S. and more. It’s extremely convenient and reduces cost since we don’t have to take on the added expense of shipping items to auction sites.  We also appreciate working with a dedicated sales representative who walks us through the process and makes recommendations to ensure a smooth sale each and every time.”  - Dan Plourde

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Canadian Buyer Benefits from IronPlanet’s IronClad Assurance® Buyer Protection Program

 

“I recently purchased a 2011 Case Quadtrac 550 Rubber Track Tractor from IronPlanet, which is a very large ticket item for me. When I received the tractor there were a few things that we felt did not accurately match the description included in the inspection report listed on IronPlanet’s site. After a small amount of discussion with IronPlanet, I was able to come to an understanding that best suited both parties. I am very happy with the service I received from IronPlanet and I am amazed at how quickly and efficiently with which this matter was dealt.” – Darren Thul, 616036 Saskatchewan Ltd.

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Used Equipment Prices Up in “Tight Marketplace”

How has the recession impacted used equipment buying and selling? And how will Tier-4 Final emissions laws effect the value of older equipment moving forward?

Jeff Jeter, IronPlanet’s President of the Americas, offers his insight about the state of the used equipment market in Construction Equipment Distribution. Click on the thumbnail below to read more.

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City of Madison Uses IronPlanet to Get Better Return on Used Heavy Equipment

As fleet service superintendent of Madison, Wisconsin, Bill Vanden Brook is in charge of managing a wide range of equipment, from off-road machines to light-duty trucks. His role includes selling unused or underutilized equipment as well as machines nearing their end of life. The city disposes of about 100 vehicles per year, so Vanden Brook needs a reliable and efficient solution for getting this equipment into buyers’ hands.

For the past eight years, Vanden Brook has sold the city’s heavy equipment through IronPlanet, the leading online marketplace for buying and selling used equipment. He usually sells about 10 items per year with IronPlanet, including dozers, loaders, fire trucks and a variety of other items.

“We previously used local onsite auctions or traded machines in to the manufacturer,” said Vanden Brook. “However, IronPlanet is a better fleet management solution because it drives greater prices and allows us to quickly sell equipment.”

Vanden Brook provides the maintenance history for each machine, and an inspector from IronPlanet visits his site to conduct a detailed inspection. This information is included in a guaranteed inspection report that provides prospective buyers valuable information about the equipment before purchasing. The inspection reports are backed by IronPlanet’s IronClad Assurance® buyer protection program, guaranteeing that they are a true representation of the condition of the equipment.

By using IronPlanet, Vanden Brook helps the city of Madison realize the following benefits:

  • Greater return on its used equipment

To test IronPlanet’s model, Vanden Brook once sold three tractors with IronPlanet and three with another auction solution. With IronPlanet, he witnessed a 15 to 25 percent greater return. He also monitors the trade-in value of the city’s equipment and notes that IronPlanet provides a better return by about 10 percent.

  • Faster selling

IronPlanet facilitates quick transactions, with sellers typically turning equipment into cash in 30 days.

  • Cost savings and convenience

Vanden Brook doesn’t have to transport the equipment to an auction to be sold. Instead, IronPlanet sells the machines from where they sit and the buyer handles transportation of the equipment.

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McTaggart Equipment Co. Ltd. Benefits from IronPlanet’s Guaranteed Inspection Reports

Excavators are essential machines for Keith McTaggart, owner of McTaggart Equipment Co. Ltd. in Winnipeg. Established in 1975, the company currently utilizes a fleet of five excavators to complete road construction projects throughout the area.

In late 2009, McTaggart was searching for an additional excavator for his business. McTaggart discovered IronPlanet and recognized that the online marketplace for used heavy equipment provided convenience, efficiency and cost savings.

“Purchasing equipment used was a different route for me, but I liked that IronPlanet provided detailed information in its guaranteed inspection reports backed by IronClad Assurance®,” said McTaggart. “This gave me the confidence to purchase a machine sight unseen.”

The rubber-tired excavator was located in Texas so McTaggart arranged for a transportation partner to pick up the machine and move it to Winnipeg. The pictures in the inspection report showed the machine running, but once McTaggart’s transportation partner arrived to pick up the equipment, it wouldn’t start properly.

McTaggart had the equipment transported to his site and then contacted IronPlanet and notified them of the issue. He was able to reference the inspection report to prove that the equipment was described and pictured in good working condition. Two days later, an IronPlanet inspector arrived at his site to look at the equipment.

“IronPlanet stood behind the IronClad Assurance and offered to reimburse me the total cost of fixing the equipment,” said McTaggart. “The process was very easy and IronPlanet’s inspector was very knowledgeable and understanding.”

McTaggart had the machine repaired and still uses it to this day, and he’s always browsing online to find his next purchase.

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Choosing the Right Machine: Excavator Edition

If you want to purchase a used excavator, there’s seven can’t-miss considerations to weigh before bidding, including resale value, attachments and technology.

Paul Hendrix, equipment pricing analyst for IronPlanet, helps you pick the right excavator for your business in the latest issue of Equipment Journal. View it here or download the article here.

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TruckPlanet Hosts April 25th Auction Featuring More Than 150 Commercial Trucks

TruckPlanet®, the leading online marketplace for buying and selling used commercial trucks, will host an auction on Friday, April 25 featuring more than 150 trucks from the U.S.

 Items are now available for preview and include day cabs, sleeper cabs, cargo trucks and vans, refrigerated trucks and more. Makes include Freightliner, Sterling, International and others.

Who: TruckPlanet, the leading online marketplace for used commercial trucks

What: Online auction featuring a variety of trucks

When: Friday, April 25

Where: www.truckplanet.com

For more information about the auction, visit www.truckplanet.com.

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Used Crane Demand: An Inside Look

Are you considering selling a used crane this year? In order to ensure a smooth sale, it’s important for sellers to understand demand for these large and costly machines.

David Tobon, IronPlanet’s director of crane operations, discusses types of used cranes in demand this year as well as issues that may affect the market.

Read via Crane and Rigging Hotline (pg. 26-28).

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Used Equipment Fleet Management for Spring

Road building projects are warming up along with the weather and fleet managers may need to acquire additional equipment. However, there are specific things to consider before purchasing excavators, dump trucks, dozers, graders and pavers.

Find out what to look for in this Infrastructures article from Paul Hendrix, equipment pricing analyst at IronPlanet. View it online, in the March issue or download it here.

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How to Purchase with Peace of Mind at Online Auctions

For buyers purchasing used heavy equipment via the Internet, a guaranteed inspection report safeguards the transaction. In the latest issue of Construction Business Owner, Paul Hendrix, equipment pricing analyst for IronPlanet, highlights the key information that inspection reports should include and the impact of guaranteed inspection reports as more people begin to purchase equipment online from around the world. 

View the full article online or in the April issue (page 22).

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Selling 101: Tips for Equipment Owners

There are many things equipment owners should ask themselves if they’re considering selling a piece of heavy equipment. For instance, is the equipment being utilized, and will it be needed in the future? Does it need a bit of maintenance or have ongoing issues? Is there a newer model that is better suited for the business?

Sue McGregor, Managing Director of Canada, takes a look at when to sell, what to sell and how to sell in the latest issue of Supply Post here.

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IronPlanet is Apparent High Bidder for U.S. Department of Defense Rolling Stock Surplus Contract

IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today announced it is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Bids for the Surplus Contract were based on a percentage of the sales price of the items, which IronPlanet estimates at $50-70 million of rolling stock annually.  IronPlanet’s high bid was equal to 75.29 percent revenue share to the DLA. The Surplus Contract has a base term of two years with four one-year renewal options.

“We’re very excited to win this contract and to support the U.S. Department of Defense in selling their surplus assets. Winning this contract is a testament to the value of IronPlanet’s global marketplace for the buying and selling of used equipment,” said Greg Owens, CEO, IronPlanet. “We recently celebrated our 14th year since our first online auction selling more than $3.5 billion of equipment to our over one million registered users.  As the pioneer of online auctions for used heavy equipment, we look forward to providing the DoD and ultimately the U.S. taxpayer with an unparalleled level of service.”

Rolling stock includes surplus cranes, crawler tractors, generators, wheel loaders, trucks, trailers and other equipment.  The contract is scheduled to commence in December 2014.

About IronPlanet                                                                                           
IronPlanet is a leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance® enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

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IronPlanet Highlights Successful 2013 at ConExpo

If you had a chance to attend the 2014 CONEXPO-CON/AGG show, you know that it was a busy and exciting display of the latest construction equipment, products and services. At the IronPlanet booth, CEO Greg Owens highlighted some of our top milestones of the last 12 months, including:

  • Surpassing one million registered users and how this validates IronPlanet’s online model for buying and selling used equipment
  • IronPlanet’s partnership with Mascus and how customers that list their equipment on Mascus can now move their equipment to auction on IronPlanet with the click of a mouse
  • IronPlanet acquired Asset Appraisal Services and launched TruckPlanet in 2013 to better serve the truck market. TruckPlanet has sold more than $50 million of trucks and registered more than 50,000 prospective truck buyers
  • IronPlanet has formed strategic relationships with GraysOnline in Australia and Clear Asset in South Africa to better serve the global mining industry
  • IronPlanet’s successful expansion into the crane industry, highlighted by the sale of a $3 million walking dragline last year
  • IronPlanet’s impressive growth in Canada which included year-over-year gains in 2013, including a 22 percent increase in new registrations, 135 percent increase in new sellers and 72 percent increase in items sold

Thanks to all of our booth visitors for stopping by to learn more about our online marketplace. We’d also like to congratulate the winners of our “iBid, iWin, iPad” contest, who submitted the most accurate guesses for the final selling price of equipment being sold on IronPlanet that week. Winners include: Fred Meram, Robert Cairns, Charles Bocook, Bob Gazis and Dan Rezin.

In 2014, we are looking forward to helping more equipment buyers and sellers acquire and dispose of their assets easily and efficiently.

To read more about our ConExpo highlights, don’t miss the following articles:

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The Secret to Selling

Today, an increasing number of equipment owners are turning to the Internet for help in disposing and acquiring machines. Why? The Internet can reach a wider number of potential buyers and sellers. Online auctions are also more efficient and convenient because they eliminate the need to travel to a physical auction. 

Crane owners are among those who are taking advantage of online auctions to sell their big-ticket items. David Tobon, IronPlanet’s director of crane operations, offers his insight on online auctions in the latest issue of International Cranes and Specialized Transport.  View the article here (p. 44).

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IronPlanet Celebrates 14 Years of Online Auctions

IronPlanet will celebrate the 14th anniversary of its first auction this week (download the infographic for a comparison of auctions over the past 14 years).

“We’re excited to celebrate 14 years of growth since our first online auction,” said Greg Owens, CEO, IronPlanet. “We have attracted more than one million registered users around the globe and sold more than $3.5 billion of equipment over the Internet.  Our success is based on our customers’ recognition that IronPlanet offers the industry’s most efficient and timely way to buy and sell used heavy equipment.”

IronPlanet held its first online auction March 23, 2000 which consisted of one seller, 32 bidders and 22 items within the construction industry. This year, IronPlanet held a four-day online auction that featured 406 sellers, 2,996 unique bidders from 78 countries and 1,795 items sold.

Today, IronPlanet offers multiple ways for customers to buy and sell used equipment.  It holds weekly online auctions in North America, monthly online auctions in Europe and hosts a global Daily Marketplace reserved auction.  And through its strategic relationship with Mascus, sellers listing products on Mascus’ global sites can now move their equipment from listing to auction on IronPlanet with the click of a mouse.

IronPlanet has also expanded into new asset categories since its first online auction. IronPlanet acquired Asset Appraisal Services and launched TruckPlanet in 2013 to better serve the truck market.  In less than a year, TruckPlanet has sold more than $50 million of trucks and registered over 50,000 new prospective truck buyers.  IronPlanet has also formed strategic relationships with GraysOnline in Australia and Clear Asset in South Africa to better serve the global mining industry.  Additionally, IronPlanet has successfully expanded into the crane industry, highlighted by the sale of a $3 million walking dragline last year.

IronPlanet has also added numerous value-added services to enhance the user experience since its inception. IronPlanet now offers appraisal services to help sellers determine the fair market value of their equipment, as well as transportation services and equipment financing for buyers.

For more information about IronPlanet, visit www.ironplanet.com.

About IronPlanet
IronPlanet is a leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance® enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

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Sunbelt Rentals Saves on Transportation Costs with IronPlanet

“The convenience of working with IronPlanet is great. I simply call my sales rep and tell him what I have and they have a simple process that takes care of the rest. I like the fact that I don’t have to transport my equipment anywhere. An inspector comes to me and all items stay on my lot under my control until they sell. The ease of the entire transaction makes it the ideal way for us to do business.” – Dave Morse, Sunbelt Rentals

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IronPlanet Prepares for Year’s Biggest Show

 

Held every three years, CONEXPO-CON/AGG is the construction industry’s largest and most anticipated event. We’re excited to exhibit at this year’s show, taking place March 4-8 at the Las Vegas Convention Center. The show attracts 2,400 exhibitors highlighting products and services for every imaginable construction industry niche, including mining, aggregate, concrete, lifting, asphalt, earthmoving, utilities and more. More than 125,000 attendees are expected to attend this year’s event.

During the five-day exhibition, we invite visitors to stop by booth 40064 to learn how we make used equipment buying and selling efficient and convenient. With a worldwide audience, auctions every week and a daily marketplace, we’ll show you how to turn your equipment into cash in just 30 days.  We also help sellers dispose of their fleets without moving equipment from their yard to reduce shipping costs.

If you’re a buyer, we’ll show you how to search for equipment from the comfort of your office, home or even from the road.  We’ll also highlight how you can bid with confidence using our guaranteed inspection reports, backed by our IronClad Assurance® buyer protection program.  IronClad Assurance guarantees that the reports are an accurate representation of the condition of the equipment.

Come see the difference a trusted online marketplace can make for your business!

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A New Age: Getting on Board with Online Equipment Auctions

According to a 2013 survey by the Pew Research Center, 92 percent of Americans 30 to 49 years old and 83 percent of 50 to 64 year old adults are Internet users. And today, many people are discovering the convenience and efficiency that online equipment auctions provide.

Online equipment auctions allow sellers to get their idle or underutilized equipment in front of a global audience. And buyers can choose from a wide selection of items for construction, mining, oil and gas and agriculture without leaving the comfort of their office or home.

Read more about the long history of auctions and the benefits of using a trusted online marketplace in our latest article in the Western and Eastern editions of Supply Post. Plus, learn what to look for in an auction partner before you buy or sell, including guaranteed inspection reports. With this information at hand, you’ll be able to better manage your equipment fleet.


 

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Construction Market Trends for 2014

Understanding the state of the construction industry can help organizations make better leasing, purchasing and selling decisions. So what trends made a big impact in 2013, and what’s on the horizon for 2014?

From an increased demand for well-maintained equipment to a resurgence in residential building, there are a lot of issues that will affect equipment leasing and ownership this year. John Gougeon, Major Accounts Manager of Financial Services at IronPlanet takes a step back to analyze the state of the industry in his blog post for Equipment Finance Advisor. 

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Proud sponsor of IEDA Annual Meeting

We’re a proud sponsor of the Independent Equipment Dealers Association’s (IEDA) Annual Events, taking place Feb. 15-18 in Orlando, Fla. The annual four-day get-together joins heavy equipment industry leaders to network while enjoying fun in the sun. From roundtable and panel discussions to a member tradeshow, attendees will gain valuable insights into the advancement of the independent heavy equipment distribution industry.

Our online heavy equipment marketplace is an ideal solution for attendees because we help organizations and individuals sell their equipment from where it sits, rather than transporting it to a physical auction. Our weekly auction schedule also allows both buyers and sellers to quickly and easily acquire and dispose of items.

We look forward to seeing both buyers and sellers come together in Florida!

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Rental Ready: IronPlanet to Exhibit at ARA Rental Show

IronPlanet is exhibiting at the American Rental Association (ARA) Rental Show in Orlando, Fla. Feb. 9-12. In its 58th year, the ARA Rental Show is the rental industry’s premier event, featuring construction/industrial equipment, general tool/homeowner equipment and party/special event equipment, as well as seminars on the rental industry.

Rental companies use IronPlanet for equipment disposition because we have a buyer base that stretches around the globe, resulting in higher bid participation. Plus, our selling process is convenient and efficient because everything is transacted online. To learn more about how we help rental companies manage fleets, visit us at booth 4955 at the show.

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Behind the Scenes with IronPlanet

Check out a recent interview between our CEO, Greg Owens, and Rental Management magazine editor, Wayne Walley. Learn more about how we make buying and selling used equipment fast and easy and the advantages of our IronClad Assurance buyer protection program.

Greg discusses how IronPlanet’s online model allows sellers to reach a global buyer base more efficiently and provides buyers access to equipment located around the world.  Plus, read about the inspection and transportation processes as well as our history, strategy, and insight regarding key industry issues such as Tier 4 machines. View the full interview here or in the Feb. 2014 print issue.

 

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IronPlanet Sees Strong Demand in Early 2014

IronPlanet® kicked off 2014 strong, selling $26.8 million in used heavy equipment and trucks during a four-day global auction event held Jan. 28-31.

The four-day auction included equipment listed in the U.S., Canada, Mexico and Europe. In total, 1,795 items were sold to over 1,000 buyers. Strong demand in the market was demonstrated by online bids placed from 78 different countries as well as from every U.S. state and all 10 Canadian provinces.

“We were very happy to see the IronPlanet sale scheduled at the start of the year because it allowed us to take advantage of strong demand and prices in advance of a lot of equipment hitting the market in February,” said Ron Sopko, owner of Sopko Contracting in Pennsylvania. “The ability to sell from our location as well as IronPlanet’s global reach gives us a better net return on the equipment we sell.”

“Our global reach and early sale dates have proven attractive to sellers looking to take advantage of strong demand and prices early in the year,” said Greg Owens, IronPlanet Chairman and CEO. “We are planning several large sales in the first quarter as sellers are increasingly looking to IronPlanet as a better way to manage their inventory as opposed to forcing their items into one quarterly event where supply can exceed demand.”

IronPlanet will continue to feature regular online weekly auctions in North America and monthly online auctions of equipment in Europe and will close February with a two-day global sale Feb. 26-27. IronPlanet will host auctions every week in March, in addition to a two-day sale March 27-28, featuring quarry and aggregate equipment as well as cranes.

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Pipeline Plans: Promising Outlook for Equipment Owners

Our online marketplace helps equipment owners efficiently and conveniently acquire what they need. For Canadian businesses involved in the oil and gas industry, 2014 has the potential to be an active year., meaning a variety of equipment will be in demand.

So which projects in Canada will affect equipment ownership? Read our latest column in Equipment Journal by Sue McGregor, IronPlanet’s Managing Director of Canada, to learn more. Our download it here: Pipeline Plans

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IronPlanet Forms Strategic Alliance with Mascus

IronPlanet®, a leading online marketplace for used heavy equipment, announced today a strategic alliance including a small minority investment with Mascus, an online marketplace for construction equipment, transportation vehicles and trucks and agricultural, forestry, material handling, equipment, headquartered in the Netherlands.

The agreement includes the seamless integration of the two sites with new remarketing services to aid the ease, speed and availability of equipment.  Advertisers on Mascus will now be able to quickly and efficiently push items listed on Mascus to IronPlanet for auction, further enhancing equipment disposition and speed to liquidity.  In addition, buyers on IronPlanet will have greater access to the entire inventory of listings on Mascus.  Sellers of used heavy equipment are increasingly moving from traditional publications and land-based auctions to the global reach and instant access of online marketplaces like IronPlanet and Mascus.  Likewise, buyers of equipment turn to the Internet to find the equipment they need at the price they are willing to pay within the quick timeframe they desire.  The alliance will provide the transparency of availability, pricing and location not available in printed publications and traditional auctions.

“I am excited to be working with Mascus and continuing to pioneer and revolutionize how sellers and buyers connect worldwide to satisfy the disposition and acquisition of used heavy equipment. Our integrated online marketplaces will provide unparalleled remarketing services for our customers,” said Greg Owens, CEO of IronPlanet. “We’re excited to bring our 13-plus years of industry expertise and innovative technology to support the needs of Mascus sellers and buyers.”

“Our alliance with IronPlanet will further enhance the offerings and value that Mascus customers have come to expect from our online marketplace. Traditional means for selling and buying used equipment are quickly being displaced through marketplaces like Mascus and IronPlanet,” said Tim Scholte, CEO of Mascus. “I am confident that the joint value we can provide through our listing services to IronPlanet’s auction and remarketing services will make selling and buying equipment even easier.”

Since pioneering online equipment auctions more than a decade ago, IronPlanet has successfully sold over $3 billion of used equipment online and has built an audience of 1 million registered users representing nearly every country on the planet. IronPlanet sells equipment online with guaranteed inspection reports, attracting buyers worldwide resulting in top market prices.

For more information about IronPlanet, visit www.ironplanet.com. For more information about Mascus, visit www.mascus.com.

About IronPlanet
IronPlanet is a leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

About Mascus
Mascus is a global leading online marketplace for farm machinery, forestry, material handling and grounds care equipment, construction, transportation vehicles and other heavy equipment. Product ranges include tractors, trailers, used trucks, diggers, box trailers, mini diggers and excavators. Mascus makes trading in used machinery and equipment quicker and more efficient by collecting information about supply and demand in one place. All dealers, producers, and end users are welcome to offer their used equipment and trucks for sale via Mascus’ online marketplace. Mascus is backed by Vortex Capital Partners. For more information, visit www.mascus.com.

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IronPlanet Kicks Off 2014 with Four-Day Auction

IronPlanet®, a leading online marketplace for used heavy equipment, today announced it will host the industry’s first major auction of 2014 on Jan. 28-31, featuring nearly 2,000 construction and related items for sale online.

“IronPlanet is dedicated to providing customers with a fast and convenient way to acquire and dispose of used heavy equipment,” said Greg Owens, CEO, IronPlanet. “Our four-day January sale provides the industry’s first opportunity of the year for buyers worldwide to purchase equipment and sellers to translate underutilized machines into cash – all through a trusted online marketplace.”

The four-day online auction features equipment from 48 U.S. states, plus Canada and Mexico. The equipment lineup includes aerial equipment, compactors, cranes, graders, excavators, loaders, tractors, trucks, plus attachments, parts, cars and boats. The complete auction schedule is now available at www.ironplanet.com for buyers to view and place bids. New items are being added to the lineup daily.

Buyers can bid on equipment conveniently from their home, office or on the road using their PC, tablet or mobile phone. IronPlanet also offers detailed inspection reports that provide a thorough description and pictures of the equipment’s condition and features. These reports are backed by the company’s exclusive IronClad Assurance® buyer protection program, which ensures that the reports are a true representation of the condition of the equipment, giving buyers confidence to purchase machines online.

IronPlanet is now accepting consignments for the next big auction on Feb. 26-27. Interested sellers can contact IronPlanet Customer Care at 888-433-5426 to add their equipment to the sale.

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Houston, We Have a Summit!

With the New Year now in full swing, it’s time to get ready for a busy season of industry conventions.  We are a proud sponsor of the Associated Equipment Distributors (AED) Summit & CONDEX, kicking off this week in Houston, Texas. As an international trade association, AED represents companies involved in construction, mining, forestry, agriculture and more. The annual three-day show brings together industry distributors, manufacturers, service providers, and more to learn about new services and products, network with peers and attend educational sessions.

Copyright: AED

And because IronPlanet helps buyers and sellers around the world acquire and dispose of heavy equipment, our relationship with AED is a perfect fit, and the Summit is the ideal place to meet others within the industry. Several of our team members will be walking the floor and are interested in learning about the trends that will shape equipment buying and selling in 2014.

To learn more about the Summit, visit www.aedsummit.com. Plus, keep an eye out for IronPlanet at these upcoming shows:

  • World of Concrete: Jan. 21-24
  • American Rental Association (ARA) Rental Show: Feb. 9-12
  • Independent Equipment Dealers Association (IEDA) Annual Meeting: Feb. 15-18
  • Equipment Leasing and Finance Association (ELFA) Equipment Management Conference: Feb 23-25
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A Look Back and a View Forward

With the New Year in full swing, it’s time to look back at the trends that shaped Canada’s construction industry in 2013 and and make predictions for the coming year. From mining and road building struggles to an upswing in forestry and oil and gas activity and Tier 4 engine adoption, there is a lot to cover.

Learn more about the issues that could impact your business in the next year by downloading our article A Look Back and a View Forward, or reading it in the Dec. 23 issue of Equipment Journal.

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Swafford’s Landscape Saves Time and Money by Purchasing Truck through IronPlanet

For more than 30 years, Texas-based Swafford’s Landscape has been helping customers design the perfect outdoor space. With specialties including landscape, construction management and irrigation and drainage systems, Swafford’s Landscape must have the proper tools and vehicles on hand to complete its projects. When owner Mark Swafford needed an additional truck for his operations, he turned to IronPlanet, an online marketplace for buying and selling used heavy equipment.

“I had been looking for a pickup truck online and at physical auctions,” said Swafford. “When I saw the make and model that fit my needs on IronPlanet, a Ford F250 pickup, I didn’t hesitate to bid on the item.”

Swafford found the item on IronPlanet and added it to his Watch List, which serves as a way to bookmark items. Users are then notified via email when an item in the Watch List is available for bidding. He learned more about the F250 using IronPlanet’s guaranteed inspection report. The report, backed by the IronClad Assurance buyer protection program, provided details about the condition of the truck and numerous photos to give Swafford the confidence to purchase online. IronClad Assurance ensures that the reports are a true representation of the condition of the equipment.

“I’ve previously purchased from the largest organizer of onsite auctions and the warrantee and claim process was a pain,” stated Swafford. “With IronPlanet, everything was much simpler and hassle-free.”

Results

Swafford estimates that it would have cost more than $1000 to see the truck in person, which would have discouraged him from making the purchase. With IronPlanet’s help, he was able to save money and time by avoiding a visit to the seller’s site. The ability to bid using a computer, smart phone or tablet was a major draw for him.

“Because of IronPlanet, I was able to secure a good working truck at a reasonable price that helps my company complete tasks quickly and easily,” added Swafford. “I’m currently looking for more equipment and anticipate that IronPlanet will be a source for equipment purchases moving forward.”

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Tips for Selling Outside Your Region

With the winter upon us, organizations should consider selling their idle equipment.  Heavy equipment loses value over time, and if a piece of equipment is not put to work, it’s actually costing owners money. What are the advantages of moving equipment outside the local market and how can sellers get their equipment in front of buyers around the world? Find out more in the latest IronPlanet column, Going Global: Moving Equipment Outside of Your Area” in the Dec. 2 issue of Equipment Journal.

 

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On the Move: Transporting Heavy Equipment

Transporting heavy equipment is a complex process. So why do individuals create an extra trip and transport equipment to physical auctions? A seller should consider the logistics of getting equipment to an auction site before hauling machines from their yard. There are unforeseen transport woes to consider and ways to reduce costs.

Check out the latest IronPlanet column in Equipment Journal, written by Jeff Cox Jr. from one of our transportation partners, VeriTread, here: On the Move- Transporting Heavy Equipment.

 
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IronPlanet bids for attention in sector dominated by Ritchie Bros. Auctioneers

Looking for a better way to acquire and dispose of equipment? The Edmonton Journal explores the difference between our online model and physical auctions. A few key points that set our online marketplace apart:

  • Our online auctions eliminate the need to transport equipment to a physical auction site, saving sellers time and money.
  • IronPlanet offers guaranteed inspection reports so that buyers feel confident purchasing items from afar. Inspection reports can include around 100 photographs of each item and detailed descriptions of the condition of a machine’s parts and features.
  • IronPlanet hosts weekly auctions, allowing buyers and sellers to purchase equipment on their own schedule. Weekly auctions mean a faster time to cash for sellers.

Check out the full interview with Sue McGregor, Managing Director of Canada, here: IronPlanet bids for attention in sector dominated by Ritchie Bros. Auctioneers

 

 

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Crossing Borders: Considerations for Moving Equipment

With a large global footprint, IronPlanet provides equipment buyers with an expansive selection of used heavy equipment to choose from each week. This equipment may travel from Canada to Saudi Arabia, the U.S. to South America, or two other locations. As an equipment buyer, it’s often necessary to move equipment across borders in order to get the desired machine at the right price.

Check out our latest article on the restrictions and requirements related to transporting equipment across borders, from Laura Michler, Customer Care Manager at IronPlanet. Featured in the Oct. 21 issue of Equipment Journal, the full article can be downloaded here: Crossing Borders

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IronPlanet Hosts Auction Featuring Caterpillar Equipment

Pleasanton, Calif. – Oct. 15, 2013 – IronPlanet®, a leading online marketplace for used heavy equipment, will host a Caterpillar auction on Thursday, Oct. 17. The auction will include Caterpillar equipment from Gregory Poole Equipment Company in North Carolina.

The auction lineup features a 2010 Caterpillar 345DL Track Excavator, 2004 Caterpillar 966G Series III Wheel Loader, 2008 Caterpillar 420E 4×4 Backhoe Loader, 2006 Caterpillar D6N XL Crawler Tractor, 2003 Caterpillar 2000 Lee Boy 8500T Asphalt Paver and more.

With IronPlanet’s guaranteed inspection reports, buyers can purchase items with confidence. The online auction also allows buyers to bid conveniently from their own home, office or on the road using their PC, tablet or mobile phone. With dedicated customer service representatives standing by, buyers can receive assistance with anything from registration to bidding.

For more information about the truck auction, visit www.ironplanet.com.

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Greg Owens to speak at International Construction Economic Forum (ICEF), 2013

IronPlanet Chairman & CEO Greg Owens will be speaking at this year’s prestigious International Construction Economic Forum (ICEF), which will take place from 20 to 22 November at the Hotel Okura in Amsterdam, the Netherlands.

Greg will be discussing how the Internet is revolutionising the way to sell construction equipment. Ironplanet’s sellers, for example, are able to achieve more profitable sales through low transaction costs as well as better price realisations thanks to a global audience of buyers. For more details on the conference and Greg’s speech, take a look at the International Construction article here: http://www.khl.com/magazines/international-construction/detail/item87209/ICEF-speaker-to-examine-Internet-impact

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Loecke Auction Service Finds Success with IronPlanet

“It comes down to the people. My IronPlanet representative is both intuitive and passionate about fulfilling my needs. I like the fact that with IronPlanet’s online model, I can set a reserve price for my listings, ensuring that if it sells, I recover what I have invested.” – Michael Loecke, Loecke Auction Service

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Depreciation Dilemma: Managing Idle Equipment

It’s no surprise that heavy equipment loses value over time. So why do many equipment owners allow their equipment yards to fill up with idle machines rather than maintaining an active fleet of equipment? As the economy continues to recover, it’s important for fleet managers to be smart about their inventory and cash flow and understand how they can best manage their company’s investments.

When assessing whether to keep equipment or sell it, organizations should consider several things. Franklin Langham, Vice President of Sales for IronPlanet explores these points in the Sept. 30 issue of Equipment JournalDownload the article here: Depreciation Dilemma: Managing Idle Equipment

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Digital Disruption: The Evolution of Auctions

Over time, auctions have evolved, including those for used heavy equipment. One reason the equipment auction industry is growing is due to the flexibility and accessibility of the Internet.

Have you considered the benefits of online used equipment auctions? Sue McGregor, IronPlanet’s Managing Director Canada outlines the evolution of the auction industry and how online auctions help equipment buyers and sellers worldwide in the Sept. 9 issue of Equipment JournalDownload it here: Digital Disruption: The Evolution of Auctions (Sept. 2013)

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Used Truck Buying Tips

Used equipment auctions provide an ideal place for sellers to list their items and for buyers to purchase equipment that fits their needs. From excavators and cranes to dozers and trucks, used equipment auctions offer a wide selection of items at an arguably better value than new equipment.

For specific tips on buying used trucks, read this Construction Business Owner article from Paul Hendrix, IronPlanet’s equipment pricing analyst.

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Never Out of Season: Road-building and Paving Equipment

With colder and more hazardous weather right around the corner, Canadian equipment owners have some serious decisions to make about which items to keep in their fleets and which to sell.

In the Aug. 19 issue of Equipment Journal, Sue McGregor, IronPlanet’s Managing Director of Canada, explains how online used equipment auctions can help owners of road-building equipment during the off-season. Check out “Never Out of Season: Road-building and Paving Equipment” here.

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Ready for Resale: Top Tips for Getting the Best Return on Equipment

Keeping unused or rarely used heavy equipment in the yard is like sitting on a potentially large pile of cash that’s off limits for spending. However, before you auction items, it’s best to understand how to maximize resale value to get the most out of your equipment listing.

Paul Hendrix, IronPlanet’s equipment pricing analyst, talks preventative maintenance tips and how to get the best return on equipment in the July 29 issue of Equipment JournalDownload the article here: Ready for Resale

 

 

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Telehandler Inspection Tips

“Telehandlers have a fairly robust hydraulic system,” says Paul Hendrix, IronPlanet’s equipment pricing analyst. “One group of cylinders telescopes the boom, while load leveling cylinders change the angle of the machine. You need to visually inspect all areas for damage, wear and leaks.”

Need more tips for inspecting a telehandler? Hendrix breaks it down in his interview with Tara Ninmann for Equipment Today. Check out the full article here.

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TruckPlanet Moves to Weekly Online Auction Schedule after Successful First Quarter

PLEASANTON, Calif. (Aug. 8, 2013) – TruckPlanet(sm), an online marketplace for buying and selling used commercial trucks, today announced it will adopt a weekly auction format starting with the Aug. 15 featured auction. TruckPlanet will now host over-the-road truck auctions every Thursday at 8 a.m. Pacific Time.  Since its launch, TruckPlanet has sold over 1,700 trucks and trailers – including day cabs, sleeper cabs, cargo trucks, refrigerated trucks, trailers and more — generating sales exceeding $20 million.

“With more than 25,000 new registrations on TruckPlanet since our unveiling, we’re thrilled with the activity the site is receiving,” said Randy Berry, president of TruckPlanet. “Transitioning TruckPlanet to a weekly auction schedule gives sellers faster time to cash and provides buyers with regular access to our impressive Class 8 and commercial truck inventory.”

IronPlanet, the pioneer in online auctions for used heavy equipment, launched TruckPlanet in May 2013 to bring its marketplace success to the North American trucking industry. By extending its online expertise and weekly sales platform to buyers and sellers of used commercial trucks, truck fleet managers now have a consistent and flexible solution for quickly dispersing fleets without the time and costs associated with traditional physical auctions.

Adopting the successful inspection program from its IronPlanet auctions, TruckPlanet allows buyers to purchase items online with confidence thanks to professional inspection reports, which provide detailed images and data for equipment. TruckPlanet’s IronClad Assurance buyer protection program guarantees the report is an accurate description of the truck’s condition. Additionally, buyers can bid conveniently from their home, office or on the road using their PC, tablet or mobile phone. The site offers value-added services to make the buying experience easier, including truck financing, warranty programs and dedicated, hands-on customer care agents. Membership is free and available worldwide.

All over-the-road truck auctions will be simulcast on TruckPlanet and IronPlanet. To view upcoming auctions and items, visit www.truckplanet.com or www.ironplanet.com, or call TruckPlanet Customer Care with any questions at 888-476-3344.

About TruckPlanet
TruckPlanet is a leading online marketplace for buying and selling used commercial trucks. Its guaranteed inspection reports and exclusive IronClad Assurance® enable buyers to bid with a high degree of confidence.  Sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers.  TruckPlanet is a brand of IronPlanet, a leading online marketplace for used heavy equipment.  For more information, visit www.truckplanet.com.

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IronPlanet Improves Guaranteed Inspection Reports with New iPad App for Field Inspectors

PLEASANTON, Calif. (Aug. 1, 2013) – IronPlanet®, a leading online marketplace for used heavy equipment, improves its patented and guaranteed equipment inspection reports with the release of a new iPad app for its field inspectors. IronPlanet offers the industry’s only guaranteed inspection reports, backed by IronClad Assurance, allowing buyers to bid on equipment with a high degree of confidence. The app improves the quality of these reports by allowing inspectors to complete reports in the field using an iPad app that provides step-by-step instructions for gathering key data based on the type of equipment being inspected.

“Since our online buyers don’t have physical contact with the equipment they’re bidding on, they rely on the data and images in our guaranteed inspection reports,” said Randy Berry, senior vice president of operations and services, IronPlanet.  “Our IronClad Assurance guarantees the accuracy of these reports, and we want buyers to have access to the most detailed reports possible. This app improves the quality of our inspection reports while also reducing complexity for our field workers.”

IronPlanet’s app offers numerous benefits, including:

  • Better data through standardization: The app enhances the integrity of the information in the inspection reports through a standardized process. Field workers choose from 120 different checklists based on the type of equipment being inspected. The app then walks the inspector through each step and requests pictures to supplement ratings and text. The app provides an alert if an inspector has missed any necessary information, which eliminates incomplete reports and the need for return trips.
  • Improved service: The app improves service and creates a faster sales cycle because inspection data and images are being reported together electronically. Since additional data entry is not required, items and their inspection reports can be listed for IronPlanet buyers more quickly.
  • Better media for IronPlanet’s marketplace: Since buyers rely on photos when bidding on equipment, it’s important for images to be high quality. The app allows inspectors to take better quality pictures using the iPad camera. The checklists ensure inspectors have images of every aspect of the equipment.

Recently, IronPlanet’s app was featured at a series of technology seminars organized by Apple Canada in Montreal, Toronto and Calgary. The seminars highlighted the importance of mobile strategy and showcased exemplary business apps.

For more information about IronPlanet, visit www.ironplanet.com.

About IronPlanet
IronPlanet is a leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

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Going, going, gone!

“It’s important to inspect equipment thoroughly and touch upon five different points,”

says Paul Hendrix, IronPlanet’s equipment pricing analyst.

Before you buy used equipment, check the following areas:

  • Mechanical
  • Structural
  • Cosmetic
  • Features/Options
  • Tires

Hendrix discusses ways to do this, as well as the state of
the rental industry and used equipment market, with Lindsey Anderson of Access, Lift and Handlers in “Going, going, gone!” Download the July/August 2013 issue here (p. 37-39)

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IronPlanet Expands into New Corporate Headquarters

PLEASANTON, Calif. (July 15, 2013) – IronPlanet®, a leading online marketplace for used heavy equipment, today announced the relocation of its corporate headquarters from 4695 Chabot Drive to 3825 Hopyard Road in Pleasanton, Calif. The new space offers 19,200 square feet of contiguous space.

“We are excited to move our headquarters to an updated, larger space,” said Doug Feick, Senior Vice President of Corporate Development and General Counsel, IronPlanet. “The new office has added about 6,000 square feet, which enables our employees to work in a more collaborative environment and allows for potential expansions to our business in the future.”

Since IronPlanet pioneered online equipment auctions over a decade ago, the company has sold over $3 billion of used equipment. With the recent launch of TruckPlanet, an online marketplace for buying and selling used commercial trucks, the company has expanded its offering with a flexible online marketplace that meets the specific needs of the over-the-road commercial truck industry.

Focusing closely on the layout, lighting and configuration of the space, IronPlanet designed its new headquarters to better accommodate employee needs. The open design offers individual work stations and collaborative space, such as conference rooms equipped with technology, to encourage innovation. The contiguous office also allows employees to communicate more easily, driving improved productivity and enhanced service.

“Our employees are embracing the new space and are excited to call it the new home of IronPlanet,” added Feick.

For more information about IronPlanet, visit www.ironplanet.com.

About IronPlanet
IronPlanet is a leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

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Your Phone: The New Bidding Paddle

 

Within the used equipment industry, mobile apps are gaining traction for online auctions. Buying equipment from a phone offers numerous benefits, such as increased convenience and flexibility and cost savings.

So what features should the ideal app have? Sue McGregor, Managing Director of Canada, IronPlanet, lists the top ones in the June 17 issue of Equipment Journal. Download the article here: Your Phone: The New Bidding Paddle

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IronPlanet Partners with GraysOnline for the Dispersal of Australia’s Excess Mining Equipment

PLEASANTON, Calif. (June 27, 2013) – IronPlanet®, the online marketplace for buying and selling used heavy equipment, today announced it has partnered with GraysOnline, Australia’s leading online retail and auction company, to facilitate sales of excess construction and mining equipment from Australia.

With international interest outpacing regional demand, at the moment, the partnership will enable Australian sellers to more easily find buyers for their excess inventory.

“Although the mining sector in Australia has slowed, there are still pockets of global demand,” said Matt Bousky, Vice President of Global Mining, IronPlanet. “Through this partnership, GraysOnline/IronPlanet will offer sellers a worldwide marketplace to reach buyers both in Australia and around the world.”

Since pioneering online equipment auctions over a decade ago, IronPlanet has built an audience of nearly 1 million members and has sold over $3 billion of used equipment to online buyers representing nearly every country on the planet. Its weekly auctions offer a selection of construction, mining and agriculture equipment as well as cranes and trucks.

IronPlanet buyers can bid on items conveniently from their home, office or on the road using their PC, tablet or mobile phone. IronPlanet also offers guaranteed inspection reports backed by exclusive IronClad Assurance®, allowing buyers to bid with a high degree of confidence.  Dedicated, hands-on customer care agents help buyers through the process from start to finish.

“In the current environment, accessing a global buyer base is essential to help our sellers move mobile mining and earthmoving machinery out of Australia and revenue into the hands of owners,” said Adam Scharer, Director of Industrial for GraysOnline. “Traveling around the country we saw, first hand, the increased amounts of machinery “parked-up” in yards. We realized that we needed a better solution than a traditional auction or tender campaign to help our clients sell their equipment.  We’re thrilled to complement our national marketing expertise with a strong global partner. The strategic alliance allows companies to sell their assets into the strongest markets internationally.”

For more information about IronPlanet, visit www.ironplanet.com.

About IronPlanet
IronPlanet is a leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

About GraysOnline

GraysOnline is Australia’s leading commercial and industrial auction company, offering a huge range of consumer, industrial and commercial goods, direct from manufacturers and distributors. With a heritage spanning nearly 100 years, GraysOnline have been pioneers in creating the most efficient way for buyers and sellers to connect – from their traditional auction heritage to the first online auctions in 2000. Today GraysOnline employs more than 350 people throughout Australia & New Zealand in a network of state-of-the-art warehouses, distribution centres and offices, a customer service centre, and are experts across key industrial assets categories. GraysOnline sell more than 120,000 items every month to both consumers and businesses.

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Is the Tractor You’re Bidding on a Lemon?

“Many sellers try to sell machines with problems unbeknownst to buyers in order to get rid of lemons,” says Paul Hendrix, IronPlanet’s equipment pricing analyst. 

Want to make sure you’re not bidding on a lemon tractor? There are a few strategies you can follow. To learn more, read Paul’s interview with TractorLife.com here.

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Finding the value in used construction equipment

Managing fleets requires ongoing diligence to ensure that underutilized equipment can be easily and quickly replaced with different items. When developing a fleet management strategy, understanding the benefits of online used equipment auctions can help fleet managers better maximize value. Maintaining equipment with its eventual sale in mind and knowing its present market value are variables that can help yield higher profits when it’s time to rotate the fleet.

To read more about the benefits of using online used equipment auctions and developing a fleet maintenance strategy, check out our Rental Management article from Paul Hendrix, equipment pricing analyst for IronPlanet

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IronPlanet Hosts Auction on May 16 Featuring Mining Equipment in Canada

Pleasanton, Calif. – May 15, 2013 – IronPlanet®, a leading online marketplace for used heavy equipment, will host an auction on May 16 featuring mining equipment in Ontario and Nova Scotia.

Items include a 1972 Manitowoc 4600 Vicon Dragline, an Atlas Copco DML-XL 1200 Rock Drill and a Letourneau L-950 Wheel Loader, as well as Komatsu track excavators, Caterpillar and Komatsu off-road end dump trucks, Trail King tri-axle live bottom trailers and more.

With IronPlanet’s guaranteed inspection reports, buyers can purchase items with confidence. The online auction also allows registered members worldwide to bid conveniently from their own home, office or on the road using their PC, tablet or mobile phone. Registration is free and enables members to build “Watch Lists” for items of interest. With dedicated customer service representatives standing by, buyers can receive assistance throughout the entire process, from registration and bidding to transportation logistics.

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IronPlanet Hosts One-Owner Truck and Trailer Auction on May 15

Pleasanton, Calif. – May 13, 2013 – IronPlanet®, a leading online marketplace for used heavy equipment, will host an auction on May 15 featuring trucks and trailers from R.N. Industries, a full-service fluid transportation company with specialization in the oil and gas industry.

The auction includes heavy haul Kenworth and Peterbilt cabs, Dragon 130BBL and 170BBL vacuum trailers, vacuum trucks, Mack day cabs, water trucks, flatbeds and much more.  The trucks are located in Colorado, North Dakota, Utah and Pennsylvania.

 With IronPlanet’s guaranteed inspection reports, buyers can purchase items with confidence. The online auction also allows registered members worldwide to bid conveniently from their own home, office or on the road using their PC, tablet or mobile phone. Registration is free and enables members to build “Watch Lists” for items of interest. With dedicated customer service representatives standing by, buyers can receive assistance throughout the entire process.

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Stacey Contracting, Inc. Conveniently Sells Equipment with IronPlanet

“We met with other auction companies, but went with IronPlanet based on their price guarantee and flexibility with our timeline. IronPlanet’s team coordinated everything, liquidating our fleet of heavy equipment right from our lot. We were pleasantly surprised with the return we were able to receive on these assets and are already recommending IronPlanet to everyone we speak to.” - Susan Snochowski, Stacey Contracting, Inc.

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Kirk Bros. Co., Inc. Disposes of Used Equipment with IronPlanet

“IronPlanet takes the legwork out of auctions and helped us successfully sell four pieces of equipment. We were impressed with the ease of preparation and that we could reach a wide audience of bidders. We’re glad we tried IronPlanet and will consider it a resource for future selling needs.” – Eric Switzer, Kirk Bros. Co., Inc.

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Making Moves: Transporting Heavy Equipment

DSCN2450Transporting heavy equipment no longer has to be a nightmare. Read our latest Supply Post column here to learn how working with an online marketplace can alleviate and eliminate many of the burdens of moving equipment.

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IronPlanet Announces First Ever West African Auction

Dublin, Ireland – 22 August 2014 — IronPlanet (www.ironplanet.com), the world’s leading online auction company for pre-owned construction, mining and agricultural equipment, has announced it will be holding its first ever West African online auction on September 3rd, 2014.excavator

In conjunction with their alliance partner, GraysOnline, IronPlanet will be selling over 100 items of Surface and Mining equipment as well as a wide range of heavy construction machinery. The auction will feature machines from Caterpillar, Komatsu and many other top brands, and will contain the following specific items:

  • Komatsu PC 1250 Excavators
  • Komatsu HD 785 Mining Trucks

In preparation for the auction, customers are invited to visit the site in Ghana to view the machinery on offer from August 20th to 22nd. This event will not only be a unique opportunity for attendees to learn more about IronPlanet’s business model and strategic vision for this region, but also for customers to view the equipment and speak to the experts from GraysOnline and IronPlanet in person.

Matt Bousky, Vice President for Mining at IronPlanet said: “This auction is a very exciting step for IronPlanet. The mining industry is seeing continued growth in West Africa. However, the size of mining machinery can be an issue – which is why online auctions are the ideal platform for the buying and selling of equipment for this sector.”

“IronPlanet provides a trusted and cost-effective solution to meet this need. This auction, our Ghanaian open-day and our first-ever alliance with GraysOnline in this region, demonstrate our commitment to meeting the needs of this ever-changing, strategic market.”

All items are available to view today on ironplanet.com, and interested buyers can place PriorityBids now online.

IronPlanet’s online auction format benefits sellers, who gain unique access to international markets, and are able to make significant cost and time savings on transportation. Furthermore, buyers are also able to realise exclusive benefits – access to a wide range of equipment at fair market prices that come with guaranteed inspection reports and IronPlanet’s IronClad Assurance®.

To learn more about IronPlanet auctions, please visit www.ironplanet.com or contact customer service on +353 1 860 5000.

About IronPlanet

IronPlanet is the leading online marketplace for used heavy equipment. Our sellers achieve more profitable sales through low transaction costs and better price realization through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

 

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Instant Gratification: allEquip

AllEquip_Tag_4CSometimes you may want to purchase equipment without bidding. With allEquip, our new buy-it-now
marketplace, you can purchase equipment quickly and easily at a haggle-free price. Want to learn more about allEquip?

logoalhJeff Jeter, IronPlanet’s president of the Americas, talks with Lindsey Anderson, editor, in this month’s issue of Access, Lift & Handlers (p. 29-32).

 

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