Interesting industry headlines from this week:

Oil rigs back in service in U.S., Canada as prices stabilize [CBC]

"The number of North American oil rigs in use is up for the first time since December, as oil's sustained period in the $58 to $60 range encouraged drillers to turn on the taps." Read more

U.S. Construction Spending Hits New Postrecession High [The Wall Street Journal]

"U.S. construction spending advanced 0.8% to a seasonally adjusted annual rate of $1.036 trillion in May, the highest level since October 2008, the Commerce Department said Wednesday." Read more

IronPlanet's End of Quarter Sale is this week! With two particularly interesting packages from Oxbow and Carna Contracting, this sale features more than 3,000 items for bidding. Every item is listed and ready for PriorityBids to be placed, so take a look at the offerings, read our guaranteed inspection reports, and submit pre-bids today!

More: IronPlanet's Quarry and Aggregate Business is Booming: Sale on June 25

 

Some of the most interesting equipment for sale this week:

2012 Caterpillar 777G Off-Road End Dump Truck
Item #576447, 2,343 Hours. Retarder, A/C, Heater, Rear Camera, Quick Fuel Fill, 27.00R49 Tires, Auto Lube, Caterpillar C32 Engine. See more

Interesting industry headlines from this week:

EPA proposes tougher mileage standards for trucks [Fox News]

"The Environmental Protection Agency issued new rules that would lower carbon dioxide emissions from trucks and vans by 24 percent by 2027." Read more

Russia, Greece agree to build gas pipeline [Yahoo News]

"Moscow announced the creation of the Turkish Stream project last year after it cancelled its South Stream gas pipeline to southeastern Europe -- which was already under construction -- as relations with the EU reached a nadir over Ukraine." Read more

Sue McGregor, Managing Director of Canada, IronPlanet, explains 6 mistakes to avoid when buying used government assets to Supply Post including:

 

Don't: Assume all government surplus equipment for sale will meet your needs

Don't: Make plans for equipment use before checking military restrictions

Don't: Plan to cross the border with your equipment immediately after sale

Don't: Skip the details on vehicle specifications 

Don't: Leave cross-border transortation arrangements until the last minute

Don't: Forget about documentation you'll need for a U.S.-Canada border crossing

This Thursday, buyers have the opportunity to bid and win more than 1,200 items, including lots of low-hour, late-model construction, agricultural and landscaping equipment. 

Some of the exciting items featured in this week's auction: 

2012 Caterpillar 930H Wheel Loader

Item #569933, 4,838 hours. Enclosed Cab, Heater, Tilt Steering, 17.5-25 Tires, Hydraulic Coupler, 100" Wide General Purpose Bucket. See more

On Wednesday, Kruse Energy kicks off an auction of over 1,700 items, both onsite in Pittsburgh, PA and online. The auction features tophead rigs, well service rigs, mud pumps, drilling components, compressors/boosters, drill pipe, construction equipment, trucks & trailers and more. The bidding kicks off at 9am EST on June 17, so be sure to register beforehand and take some time to look through the equipment up for sale.

 

Interesting industry headlines from this week:

Industry Grapples With Vanishing Workforce [Construction Equipment Guide]

The Wall Street Journal is reporting that when it comes to employment numbers, there should be plenty of workers in hard-hats looking for jobs. But if workers are out there, builders can’t seem to find them. Read more

 

 

 

                                                                     

PLEASANTON, Calif. – May 19, 2015 –  IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, sold $33.7 million in equipment at auctions held on May 13 ^th – 14 ^th, 2015. In addition to sales across its online marketplaces IronPlanet ^®, TruckPlanet, and GovPlanet, IronPlanet held two onsite auctions:  a Cat Auction Services live unreserved public auction in Morgantown, West Virginia, and a Kruse Energy & Equipment Auctioneers two-day auction in Odessa, Texas. 

More than 25,000 people attended the auctions online and onsite, buying more than 2,750 lots of equipment for $33.7 million in gross merchandise value (GMV). IronPlanet’s Kruse Energy & Equipment Auctioneers saw strong pricing across its oil and gas offerings, including 20-plus well service rigs, nine drilling rigs and a full fracking fleet package that brought a record price at auction.

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.