Online 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.”

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.

"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.

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."

“We began using IronPlanet, since its inception, purchasing Caterpillar tractors for our agriculture sales business. As IronPlanet grew, we grew too and began purchasing trucks as well. IronPlanet is our favorite place to purchase equipment. The website is a great tool and the inspections are awesome, giving Meixel Truck Sales and IronPlanet's other customers peace of mind.” - Chuck and Chase Meixel, Meixel Truck Sales

“For buying, IronPlanet is a great way to source equipment without having to go through retail dealers. For selling, IronPlanet is very quick. You don’t have to wait and advertise for months and months. You have that finite moment in time where you know what your equipment is worth.” - Paul Burke, Freedom Waste Service

“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

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.”

“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

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.