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.

“Eight Volvo 630's were sold in November 2013 with TruckPlanet. We considered selling at a physical auction but TruckPlanet made it easy to sell the units at their current location. This saved us the expense of transporting the trucks. The thorough inspection process, easy-to-navigate website and great customer service is much appreciated. Our sales representative worked diligently to ensure a fair market value sales price. In the end, this sale enabled us to successfully execute our disposition strategy. We look forward to selling more with TruckPlanet in the future.” – Frank Larance, Director of Equipment Sales and Asset Utilization, Swift Transportation

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.

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 4x4 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.

“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

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 Journal. Download the article here: Depreciation Dilemma: Managing Idle Equipment

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 Journal. Download it here: Digital Disruption: The Evolution of Auctions (Sept. 2013)

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.

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.

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 Journal. Download the article here: Ready for Resale