IronPlanet, the leading online marketplace for used heavy equipment and trucks, and Finning International Inc. (TSX:FTT), the largest Cat^® dealer in the world, today announced that Finning has agreed to jointly market used heavy equipment through Cat Auction Services, IronPlanet’s unreserved auction marketplace. Finning will be hosting IronPlanet’s first Canadian Cat Auction Services live unreserved public auction on Wednesday, October 21, 2015, in Edmonton, Alberta.

This week in interesting industry headlines: 

Nonresidential Construction Sector Continues Steady Pace Despite Drop in Overall Economy [For Construction Pros]

"The construction industry continues to proceed on the recovery track, although it is showing signs of a minor deceleration,” said Chris Daum, president and senior managing director of investment banking at FMI. “Despite the decrease in projected backlog and the squeeze from rising material costs, executives in our industry are still bullish and hold positive outlooks overall." Read more

Central America issues alert as severe drought hits agriculture [Yahoo News]

"Central American and Caribbean governments on Thursday issued an officia

l alert as severe drought in the region damages the crops of some 1.6 million people." Read more

Oil Companies Sit on Hands at Auction for Leases [The New York Times]

"It was the clearest sign yet that the fortunes of oil companies are skidding so fast that they now need to cut back on plans for production well into the future." Read more

Interesting industry headlines from this week:

New Cat Monitoring System to Address the 'Human Factor' [Construction Equipment Guide]

"Inside Caterpillar’s 24/7 monitoring center, analysts correlate data about the health and productivity of operators and equipment to reveal the magnitude of conditions such as fatigue and distraction and their impact on operations." See more

Inside Shell's Extreme Plan to Drill for Oil in the Arctic [Bloomberg Business]

"Even sympathetic observers find it curious, though, that Shell and Shell alone sees future profit in the Chukchi, especially after its misadventures there in 2012. Chevron, ConocoPhillips, ExxonMobil, Statoil, and Total have all put Arctic plans on hold." See more

Japan, China vie to build high-speed rail in Indonesia [The Japan Times]

"President Joko Widodo has ambitious plans to improve Indonesia’s infrastructure, which could boost manufacturing and create hundreds of thousands of new jobs." See more

This Thursday, IronPlanet's weekly featured auction includes large volume from sellers in Florida, North Carolina, Pennsylvania, Texas, Alabama and Virginia. If you're in need of late-model, low-hour equipment, including crawler tractors, excavators, loaders, and trucks, you're in luck with this week's sale! Don't miss a great package of crawler tractors, motor graders, skid-steer loaders and more from Western Canada.

Interesting industry headlines from this week: 

Construction in New York City Goes Through The Roof [Wall Street Journal]

"New York City is entering what could be the biggest building boom in a generation, census figures show, as work gets under way on hundreds of residential projects in neighborhoods across the city." Read more

NASA, USDA agreement could lead to major farming improvements [KTAR News]

"USDA Deputy Secretary Krysta Harden said the deal could use NASA satellite images to help the farmers deal with a lack of water and other problems in their fields." Read more

PLEASANTON, Calif. –

Who:

IronPlanet^®, the leading online marketplace for buying and selling used heavy equipment and trucks, is conducting online auctions across its marketplaces this week. The auctions will feature a wide range of equipment, with more than 4,400 lots offered for sale, including military surplus, oilfield service equipment, trucks, tractor trailers and quality late model, low hour construction equipment.

When:

Wednesday, July 29 – Friday, July 31, 2015

Where:

Online auctions will be held at www.ironplanet.com, www.govplanet.com, www.kruseenergy.com and www.truckplanet.com, See below for details.

On Thursday and Friday, IronPlanet's weekly Featured Auction will showcase over 2,000 low-hour, late-model pieces of equipment. The selection this week includes a strong construction and truck showing, and features equipment from the U.S. (big batches from Texas, Ohio, Virginia and more), Canada, Mexico, and even a few pieces from the Dominican Republic and Colombia. Read our guaranteed inspection reports and place your PriorityBids now for a head start on what looks to be an exciting auction!

Coming up on Thursday: IronPlanet's weekly featured auction, with over 700 items ready to preview and bid on today! You'll find a particularly broad selection of asphalt equipment, trailers, scissor lifts, compactors and tractors. Be sure to look at our guaranteed inspection reports for any equipment you're considering, and give Customer Care a call at 1-888-433-5426 at any time with questions about the process.

Some of the items featured: 

Industry headlines this week focused on China's stock market distress, along with reports of construction contraction in the UK and environmental concerns over deep sea mining.