Check out some interesting headlines around the heavy equipment and construction industry this week.

Top Supply Chain and Logistics News (Wall Street Journal)
"One of South Korea’s top shipping companies is begging for itslife. Hyundai Merchant Marine Co., which along with the larger Hanjin Shipping Co. handles most of Korea’s exports, asked owners of its chartered fleet to cut a break on rates, the WSJ’s Costas Paris reports. Creditors reportedly want the company to reduce its more than $1.5 billion in charter costs by 30% before agreeing to debt restructuring. The sources of HMM’s distress are familiar: not enough demand, and too many ships on the water. That HMM says it needs such a deep reduction in charter rates just to stay in business is a sign that the company expects the shipping industry’s woes to be deep and long-lasting." Read more

Did you miss last week's Kruse Energy and Equipment Auction huge two-day sale in Midland, Texas?  The sale included over 1500 pieces of equipment including 15 Well Service Rigs, 2 complete Frac spreads, drilling components, vacuum trucks and more. Click here to view a drone video of the auction site!  Pretty amazing!

Check out some interesting global headlines around the industry this week.

 Chinese firm in £2.5bn bid for heavy equipment giant Terex (Belfast Telegraph)
"The Chinese construction company Zoomlion has confirmed its offer for Terex Corporation, which employs 1,000 people in Co Tyrone, saying the combination of the two would create a firm with a "global footprint".  Read more

Join us Thursday and Friday, February 25 and 26 for our two-day auction. Over 2000 items across both days including 42 articulating boom lifts, 28 backhoe loaders, 33 compact track loaders, 28 crawler tractors, 25 flatbed trucks, five exceptionally well-maintained Wal-Mart trucks and much more! Preview all auction items now and place your priority bid here.

IronPlanet^®, a leading online marketplace for selling and buying used equipment and other durable assets, sold more than 2,350 items for $93.8 million in gross merchandise volume, or GMV, at its Cat Auction Services unreserved public auction in Kissimmee, FL, last week. GMV from IronPlanet’s five-day sale held from February 8 – 12, 2016, increased 95% over GMV of $48 million for its three-day sale in February 2015.

Place your bids NOW for IronPlanet's military surplus sale. Join us Wednesday, February 17th for GovPlanet's auction featuring an array of surplus military equipment. We've got nearly 600 items up for bid - Humvees, trucks, wreckers, forklifts, buses, and more. This week's auction also features a selection of military grade power systems direct from the U.S. Marine Corps.

IronPlanet's February 2016 Cat Auction Services sale received praise from Caterpillar Chairman and Chief Executive Officer Doug Oberhelman. Last week, Oberhelman visited the Cat Auction Services auction site and shared his feedback about IronPlanet's impressive line-up of used Cat equipment with Construction Equipment Guide. Click here to read more about the event.

Check out some interesting headlines around the industry this week.

Caterpillar Names a Cuba Distributor for its Equipment (Miami Herald)
"Caterpillar Inc., the heavy equipment manufacturer based in Peoria, Illinois, said Wednesday that it has named a Puerto Rican company to be its Cat dealer in Cuba in preparation for the day when the embargo is lifted".  Read more

Going, going, GONE!  Join us today for the FINAL day of our Largest Unreserved Public Auction Ever! Today's featured items include UTV's, Pickup Trucks, Utility Trucks, Service Trucks, Flatbed Trucks, Boom Trucks, Mixer Trucks, Dump Trucks, Truck Tractors, Trailers, Support Equipment and Parts & Attachments. Visit us onsite in Orlando at 5000 Oren Brown Road, Kissimmee or bid online here. #IPOrlandoandBeyond2016.

Join us today for Day FOUR of our largest Unreserved Public Auction Ever! Today's featured items include Scrapers, Wheel Loaders, Water Wagons, Fuel & Lube Trucks, Water Trucks and our final day of Humvee. Today, we will donate a portion of the sale one final Humvee to benefit the Fisher House Foundation, a charity that supports a network of comfort homes where military and veterans' families can stay at no cost while a loved one is receiving treatment.  And, don't forget to join us on Twitter for your chance to win cool IronPlanet Gear! Visit us in Orlando at 5000 Oren Brown Road, Kissimmee or bid online here. #IPOrlandoandBeyond2016.

IronPlanet's own Sue McGregor, Managing Director, Canada, and Avnish Patel, Vice President, Business Development & Strategy, help readers discover new methods for gaining the most value from their heavy equipmentIron in this article from Construction Business Owner.

Join us today for the THIRD day of our largest Unreserved Public Auction Ever! Today's featured items include Compactors, Pavers, Asphalt Distributor Truck, Excavators, Mini Excavators and Cranes.  Also, don't forget! In celebration of #IPOrlandoandBeyond2016, we’re giving away loads of IronPlanet gear! Check out our Twitter account throughout the week, during the auction; we’ll be giving away some great items. Join us today in Orlando at 5000 Oren Brown Road, Kissimmee or online here. #IPOrlandoandBeyond2016.

Join us today for Day 2 of our largest Unreserved Public Auction Ever! Today's featured items include Brooms, Motor Graders, Crawler Tractors, Humvees, Crawler Loaders, Articulated Trucks, Off-Road Trucks, Blast Hole Drills, Parts and Attachments. We are also very excited to be donating a portion of the sale of a Humvee to benefit the Fisher House Foundation, a charity that supports a network of comfort homes where military and veterans' families can stay at no cost while a loved one is receiving treatment. Join us today in Orlando at 5000 Oren Brown Road, Kissimmee or online here. #IPOrlandoandBeyond2016.

Join us starting TODAY, February 8th for our Largest Unreserved Public Auction Ever!  Your chance to bid on over 2,300 items throughout the week. Today be sure to check out skid steers (57), compact track loaders (104), backhoes (116), plus telehandlers, forklifts, forestry, agricultural and aerial equipment and much more! Join the auction LIVE in Orlando at 5000 Oren Brown Road, Kissimmee, or online here!  Check back each day for featured daily items! #IPOrlandoandBeyond2016.

GovPlanet, IronPlanet’s online marketplace for used government surplus, is auctioning three High Mobility Multipurpose Wheeled Vehicles (HMMWVs), or Humvees during it's annual auction in Kissimmee, with a portion of the proceeds going to benefit the Fisher House Foundation, a charity that primary supports a network of comfort homes where military and veterans’ families can stay at no cost while a loved one is receiving treatment. The Foundation also manages a grant program that supports other military charities and scholarship funds for military children, spouses and children of fallen and disabled veterans.One Humvee will be auctioned on each day from Tuesday, February 9 through Thursday, February 11, at approximately noon ET.  Check out the three Humvees up for bid below:

Heavy Equipment and Trucks from Cat^® Dealers, Leading OEMs, Rental Companies, Dealers, Construction Companies and Other Key Sellers Highlight Five Days of Sales

Coming up Thursday, February 4,  IronPlanet's weekly featured auction has nearly 900 pieces of equipment for sale.  Look for Freightliner Cascadia Day Cabs, dump trucks, crawler tractors, excavators, loaders and more! All equipment comes with IronPlanet's IronClad Assurance®  equipment condition certification, which gives buyers the confidence to buy online knowing they have an accurate representation of equipment condition.