Sue McGregor, Managing Director of Canada, IronPlanet, recently published an article in the June 20, 2016 issue of Equipment Journal, sharing her tips for building a resiliant oil and gas fleet in a down market.

Last month, the Canadian Association of Petroleum Producers (CAPP) painted a grim picture, stating that capital spending in the oil patch would plunge $50 billion, a 62% decline since 2014. It’s the largest two-year drop since 1947 when CAPP started keeping records. Encouraging, though, oil prices have inched their way back from a 12-year mid-February low. As equipment owners continue to grapple with the uncertainty, they look for every way to reduce costs, increase efficiencies and manage through the gloom. Some focus on reducing debt by selling off underutilized equipment. Others take the bold step of refreshing their fleets while some owners are making the tough decision to retire and end their business. Any way you look at it there are hard decisions to make in these trying times. As you look to achieve greater resiliency in a down market and prepare for the recovery, here are eight things to consider before you make major changes.

IronPlanet has been selected to sell over 100 pieces of used construction equipment from the Belo Monte Dam project completion in Brazil. All logistics and transportation details will be handled easily with the help of partners, Soimpex and Roll Logistics. Buyers in Brazil will have the site translated in Portuguese, along with the detailed inspection reports.

From dump trucks, to crawler tractors and compactors to excavators and off-road trucks, IronPlanet plans to sell the equipment through its high visibility Daily Marketplace. All of the equipment is backed by IronPlanet’s IronClad Assurance^® equipment  condition certification, which assures buyers of an accurate representation of equipment condition so they can buy with confidence. Equipment is available now at www.ironplanet.com.  Here are a few featured items:

Kick off Summer with three days of auctions, beginning Wednesday, June 22 with GovPlanet's Government Surplus auction, featuring 450 pieces of military surplus equipment. Also on June 22, IronPlanet returns to Edmonton, Alberta, Canada with its latest Cat Auction Services Unreserved Public Auction. The event will be hosted by Finning and held at the Edmonton Marriott River Cree Resort. This is the sixth of IronPlanet’s major Cat Auction Services sales this year.

Thursday and Friday, June 23-24, you will find more than 1,000 pieces of used heavy equipment and trucks up for auction featuring equipment from Woods Equipment and Nebraska Machinery, cranes from Essex, and trucks from Walmart.

Check out some interesting global headlines around the construction and heavy equipment industry from the past two weeks.

 It's Game On at Vegas 'Dig This' (Construction Equipment Guide)

"The hosts at autoblog.com recently got the chance to check off an item off of their list of 1,000 Car Things to Do Before You Die, and that is to drive heavy equipment at Dig This, the Las Vegas Construction Equipment sandbox where “everyone from 8-108 can play.”  Read more

Milwaukee's Mining Equipment Manufacturers Try to Dig out of the Hole (Milwaukee Business News)

"There have been a lot of depressing headlines for the Milwaukee-area mining equipment manufacturing operations of Joy Global Inc. and Caterpillar Inc. over the past year. Milwaukee-based Joy posted a $1.2 billion loss last year, closed its Orchard Street plant, laid off the workers in its heavy fabrication and welding departments in September, and then closed those departments in May." Read more

Edmonton Journal reporter Gordon Kent recently identified Alberta’s capital as “one of the world’s biggest centres for industrial equipment auctions.”

As you deal with narrow margins that accompany a sputtering Alberta economy, you can’t afford to take chances on used iron that might not be up to the task; instead, you want the peace of mind that comes from knowing you’re buying an asset you can rely on.

Stony Plain-based industry veteran Ken Shultis agrees. From his perspective, buying used equipment from anyone is a matter of trust. “It’s the biggest thing in the industry,” says the president of the appropriately named, Integrity Trading and Consulting, a company that purchases and sells used construction machinery and parts globally. “If you can’t trust your supplier, don’t deal with them.”

IronPlanet Named NJPA Contract Award Vendor

GovPlanet Debuts GovPlanet Direct at Government Fleet Expo & Conference

PLEASANTON, Calif. – IronPlanet^®, a leading online marketplace for selling and buying used equipment and other durable assets, today introduced GovPlanet Direct^SM, a new self-listing service as part of its marketplace for public sector entities. GovPlanet Direct is being offered to government entities under IronPlanet’s GovPlanet^® brand, which is dedicated to government surplus disposition. IronPlanet also announced that it has been named an NJPA Awarded Contract Vendor by the National Joint Powers Alliance^®. GovPlanet representatives will be demonstrating GovPlanet Direct at the Government Fleet Expo & Conference in Nashville starting today, June 20.

Join us Thursday and Friday, June 16-17 for our huge two-day used equipment auction with nearly 2,000 items for sale.This week, we are having a quarry, aggregate and mining equipment auction, complete dispersal sale from JEM Contracting and a complete liquidation sale from RJS Construction. Not in the market for mining equiment? Look for our professionally maintained fleet from Walmart, featuring Peterbilt, Freightliner, Kenworth, International and Ottowa tractors. All equipment comes with IronPlanet’s IronClad Assurance^® equipment condition certification which gives you the confidence to buy online knowing that the equipment has an accurate representation of equipment condition. Preview equipment here and get ready to bid.

Onsite Preview Monday through Wednesday, June 13-15; Register today to Bid Online

PLEASANTON, Calif.

PLEASANTON, Calif. 

Join us tomorrow, June 8 as IronPlanet marketplace Cat Auction Services holds a live, Unreserved Public Auction in St. Augustine, Florida. If you plan to attend in person, be sure to register ahead of time and preview equipment onsite. If you're planning to bid online, all items are now available to view on IronPlanet.com along with our IronClad Assurance inspection reports.  Our site is all set, hope to see you there!