IronPlanet Awarded Contract for U.S. Department of Defense Rolling Stock Surplus Contract

Posted by Jess Messenger on Jul 28, 2014 5:31:00 AM

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.

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Topics: Press Releases

IronPlanet Partners with BiddingAce, a New Online Marketplace for General Aviation Aircraft

Posted by Matt Serra on Jun 9, 2014 10:04:00 AM

PLEASANTON, Calif. – June 10, 2014 – IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today announced a licensing agreement with BiddingAce, a new online marketplace for general aviation aircraft. Under the agreement, BiddingAce uses IronPlanet technology to power its e-commerce marketplace.

“IronPlanet is excited to extend our best-of-breed online marketplace model to new industries,” said Greg Owens, CEO, IronPlanet. “The IronPlanet platform is ideally suited for industry-specific marketplaces such as general aviation, and with the combination of BiddingAce expertise, it will provide an important service to aviation enthusiasts worldwide.”

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Topics: Press Releases

IronPlanet Launches allEquip, the New Way to Buy Used Equipment Online

Posted by Jess Messenger on Jun 2, 2014 3:16:00 AM

IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today launched allEquip.com, an online, “buy now” marketplace of used construction equipment for sale at competitive prices.

“IronPlanet’s allEquip offers online buyers the convenience of a ‘buy now’ marketplace for the ready-to-work equipment they need now,” said Greg Owens, CEO, IronPlanet. “With a wide selection of equipment, buyers can purchase equipment online today and every day at competitive prices with confidence knowing the equipment was inspected and guaranteed. We are committed to making the buying and selling of equipment faster and easier. The allEquip ‘buy now’ marketplace gives sellers another option to sell their equipment in addition to IronPlanet’s auctions - both having access to IronPlanet’s global buyer base of over one million potential buyers."

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Topics: Press Releases

IronPlanet Partners with VeriTread to Provide the Industry’s Most Reliable Transportation Services

Posted by Jess Messenger on May 15, 2014 11:30:00 PM

PLEASANTON, Calif. – May 16, 2014 – IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today announced a partnership with VeriTread, an online heavy-haul transportation marketplace, to provide IronPlanet customers with the industry’s most reliable and cost-effective shipping services.

“We are excited to partner with VeriTread to give our customers access to best-in-class prequalified transportation services,” said Greg Owens, CEO, IronPlanet. “Our partnership with VeriTread is another example of our ongoing commitment to providing our customers with innovative solutions that simplify the process of buying used equipment.”

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Topics: Press Releases

TruckPlanet Celebrates One-Year Anniversary of its First Online Auction

Posted by Jess Messenger on May 9, 2014 3:23:00 AM

PLEASANTON, Calif. – May 9, 2014 – TruckPlanet, the leading online marketplace for buying and selling used commercial trucks, celebrates the one-year anniversary of its first online auction this week.

“We are excited to celebrate the success of our first year, and we are pleased with how the market has enthusiastically received TruckPlanet,” said Randy Berry, president of TruckPlanet. “Our weekly online auctions give truck sellers faster time to cash and provide buyers with regular access to our strong commercial truck inventory. TruckPlanet’s online marketplace is more efficient and cost-effective than traditional auctions, and our guaranteed inspection reports allow buyers to purchase with confidence.”

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Topics: Trucks, Press Releases

IronPlanet is Apparent High Bidder for U.S. Department of Defense Rolling Stock Surplus Contract

Posted by Jess Messenger on Apr 3, 2014 11:14:00 PM

IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today announced it is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Bids for the Surplus Contract were based on a percentage of the sales price of the items, which IronPlanet estimates at $50-70 million of rolling stock annually. IronPlanet’s high 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.

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Topics: Press Releases

IronPlanet Celebrates 14 Years of Online Auctions

Posted by Jess Messenger on Mar 25, 2014 3:05:00 AM

IronPlanet will celebrate the 14th anniversary of its first auction this week (download the infographic for a comparison of auctions over the past 14 years).

“We’re excited to celebrate 14 years of growth since our first online auction,” said Greg Owens, CEO, IronPlanet. “We have attracted more than one million registered users around the globe and sold more than $3.5 billion of equipment over the Internet. Our success is based on our customers’ recognition that IronPlanet offers the industry’s most efficient and timely way to buy and sell used heavy equipment.”

IronPlanet held its first online auction March 23, 2000 which consisted of one seller, 32 bidders and 22 items within the construction industry. This year, IronPlanet held a four-day online auction that featured 406 sellers, 2,996 unique bidders from 78 countries and 1,795 items sold.

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Topics: Press Releases

IronPlanet Surpasses 1 Million Registered Users

Posted by Jess Messenger on Feb 18, 2014 9:33:00 PM

IronPlanet®, an online marketplace for buying and selling used heavy equipment, today announced it has surpassed 1 million users who have registered to view equipment for sale and participate in online auctions at IronPlanet.com (see infographic here).

“This is an exciting milestone for us because it demonstrates that more than 1 million users recognize IronPlanet as a trusted marketplace for buying and selling equipment,” said Greg Owens, CEO, IronPlanet. “We’ve attracted these users because of our ongoing dedication to innovation, customer service and delivering what they need: a convenient and reliable equipment solution.”

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Topics: Press Releases, In the News

IronPlanet Forms Strategic Alliance with Mascus

Posted by Jess Messenger on Jan 20, 2014 9:55:00 PM

IronPlanet®, a leading online marketplace for used heavy equipment, announced today a strategic alliance including a small minority investment with Mascus, an online marketplace for construction equipment, transportation vehicles and trucks and agricultural, forestry, material handling, equipment, headquartered in the Netherlands.

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Topics: Press Releases

IronPlanet Hosts Auction Featuring Caterpillar Equipment

Posted by Jess Messenger on Oct 15, 2013 2:03:00 AM

Pleasanton, Calif. – Oct. 15, 2013 – IronPlanet®, a leading online marketplace for used heavy equipment, will host a Caterpillar auction on Thursday, Oct. 17. The auction will include Caterpillar equipment from Gregory Poole Equipment Company in North Carolina.

The auction lineup features a 2010 Caterpillar 345DL Track Excavator, 2004 Caterpillar 966G Series III Wheel Loader, 2008 Caterpillar 420E 4x4 Backhoe Loader, 2006 Caterpillar D6N XL Crawler Tractor, 2003 Caterpillar 2000 Lee Boy 8500T Asphalt Paver and more.

With IronPlanet’s guaranteed inspection reports, buyers can purchase items with confidence. The online auction also allows buyers to bid conveniently from their own home, office or on the road using their PC, tablet or mobile phone. With dedicated customer service representatives standing by, buyers can receive assistance with anything from registration to bidding.

For more information about the truck auction, visit www.ironplanet.com.

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Topics: Press Releases