IronPlanet team members David Tobon, Sue McGregor, Matt Bousky and Carson Ericsson attended the Specialized Carriers & Rigging Association (SC&RA) Annual Conference in Scottsdale, Ariz., April 2-6. The conference included more than 700 attendees, including crane and rigging operations owners, CEOs, senior managers and other industry leaders. IronPlanet team members enjoyed attending education sessions by well-known authors and speakers at the event, and networking with members of the SC&RA, customers and other industry partners.

IronPlanet®, a leading online marketplace for used heavy equipment, today celebrates the 13th anniversary of its first auction.

“We’re very excited to celebrate the 13 years of growth we’ve accomplished since our first auction,” said Greg Owens, CEO, IronPlanet. “Since 2000, more than 900,000 registered users around the world have joined IronPlanet, selling over $3 billion of equipment. We will continue to lead the way by providing the premier online-only marketplace for buyers and sellers of used equipment.”

Recently named among the fastest-growing trade shows in the U.S. by Trade Show Executive magazine, The Rental Show returned to Las Vegas this year, February 10 – 13, at The Sands Expo and Convention Center. The trade show portion of the event has been sold out since November of last year, with over 250,000 square feet of exhibit space.

Informative seminars on customer service, business management and leadership began on Sunday, February 10, while the exhibit floor opened Monday. IronPlanet participated as an exhibitor and experts in heavy equipment and used equipment values were on hand to speak to thousands of show attendees.

Bank of London and The Middle East (BLME), an independent British, wholesale Sharia’a compliant bank, selected IronPlanet as its sole used equipment remarketing partner in 2008. The partnership with IronPlanet was a strategic decision that has generated successful results.
Selecting the Best Way to Remarket Machinery
When selecting the best way to remarket its used machinery and equipment, there were a number of factors that BLME had to consider carefully. First and foremost, the bank needed to ensure that it always got back what it put into a machine. “Residual value, the outstanding amount of money that is still invested in the asset, is our primary concern when remarketing used equipment. Of course, we need to guarantee that when a machine is remarketed we cover this, and make a profit too,” said Mark Jarvis, Senior Leasing Manager at BLME.

IronPlanet team members Jeff Jeter, Carson Erickson, Bill Fisher, Scott Walter, and Lisa Burgess recently attended the AED Summit & Condex in Las Vegas from January 15 – 17, 2013. As a sponsor of the event, IronPlanet hosted an informational booth featuring a demonstration of the online auction and provided high quality tote bags for conference attendees.The expo was held at the Las Vegas Hotel & Casino and attracted a national and Canadian audience interested in products and services essential to dealer profitability, business information, and industry seminars to help stay on top of 2013 trends.

IronPlanet recently liquidated $6.08 million of gross merchandise volume for Western States Contracting of Myton, Utah.

“This was our biggest sale ever with IronPlanet,” said Weston Adams with Western States Contracting. “We had some very specialized equipment in this auction and we were able to get a lot more than we expected for it. IronPlanet knew the equipment and where to find the buyers. They went above and beyond, working really well with our mechanics and our entire team to make this sale a success. We are very pleased with the result.”

As the world continues to recover from the recession, construction companies have begun seeking out more efficient ways to operate and manage their fleets. Cranes, which are expensive to transport due to their large size, are increasingly sold through online auctions to save on transportation fees.

David Tobon, Director of Crane Operations for IronPlanet, discusses IronPlanet’s services for selling cranes, as well as used crane trends, with Crane & Rigging Hotline.

Read more online here.

IronPlanet CEO Greg Owens was recently interviewed by the Wall Street Journal on the upcoming IPO of Facebook. On February 1, the social media giant registered with the United States Security and Exchange Commission for an initial public offering. The news has caught the attention of many investors and companies like IronPlanet, which are already in IPO registration.

“We’re certainly interested in the (Facebook) issue price and how the market responds to them in the first day of trading,” said Owens.

According to the article, there are 63 venture-backed companies now in IPO registration. Some, like IronPlanet, are waiting for the right time to maximize value for shareholders.

Equipment buyers and sellers around the world are turning to auction companies to help them quickly and conveniently acquire and dispose.

In this Construction Equipment Distribution article, editor Kim Phelan covers the benefits of auction and how IronPlanet fits into this sector.

Read more online here.