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.

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.

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.

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).

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.

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).

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).

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.

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.

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.