PLEASANTON, Calif. (Aug. 8, 2013) – TruckPlanet(sm), an online marketplace for buying and selling used commercial trucks, today announced it will adopt a weekly auction format starting with the Aug. 15 featured auction. TruckPlanet will now host over-the-road truck auctions every Thursday at 8 a.m. Pacific Time. Since its launch, TruckPlanet has sold over 1,700 trucks and trailers – including day cabs, sleeper cabs, cargo trucks, refrigerated trucks, trailers and more -- generating sales exceeding $20 million.

“With more than 25,000 new registrations on TruckPlanet since our unveiling, we’re thrilled with the activity the site is receiving,” said Randy Berry, president of TruckPlanet. “Transitioning TruckPlanet to a weekly auction schedule gives sellers faster time to cash and provides buyers with regular access to our impressive Class 8 and commercial truck inventory.”

PLEASANTON, Calif. (Aug. 1, 2013) – IronPlanet®, a leading online marketplace for used heavy equipment, improves its patented and guaranteed equipment inspection reports with the release of a new iPad app for its field inspectors. IronPlanet offers the industry’s only guaranteed inspection reports, backed by IronClad Assurance, allowing buyers to bid on equipment with a high degree of confidence. The app improves the quality of these reports by allowing inspectors to complete reports in the field using an iPad app that provides step-by-step instructions for gathering key data based on the type of equipment being inspected.

“Since our online buyers don’t have physical contact with the equipment they’re bidding on, they rely on the data and images in our guaranteed inspection reports,” said Randy Berry, senior vice president of operations and services, IronPlanet. “Our IronClad Assurance guarantees the accuracy of these reports, and we want buyers to have access to the most detailed reports possible. This app improves the quality of our inspection reports while also reducing complexity for our field workers.”

PLEASANTON, Calif. (July 15, 2013) – IronPlanet®, a leading online marketplace for used heavy equipment, today announced the relocation of its corporate headquarters from 4695 Chabot Drive to 3825 Hopyard Road in Pleasanton, Calif. The new space offers 19,200 square feet of contiguous space.

“We are excited to move our headquarters to an updated, larger space,” said Doug Feick, Senior Vice President of Corporate Development and General Counsel, IronPlanet. “The new office has added about 6,000 square feet, which enables our employees to work in a more collaborative environment and allows for potential expansions to our business in the future.”

PLEASANTON, Calif. (June 27, 2013) – IronPlanet®, the online marketplace for buying and selling used heavy equipment, today announced it has partnered with GraysOnline, Australia’s leading online retail and auction company, to facilitate sales of excess construction and mining equipment from Australia.

With international interest outpacing regional demand, at the moment, the partnership will enable Australian sellers to more easily find buyers for their excess inventory.

PLEASANTON, Calif. (June 11, 2013) – IronPlanet®, the online marketplace for buying and selling used heavy equipment, today announced it has entered into an alliance with the Aircraft Owners and Pilots Association (AOPA) for the creation of a marketplace for aircraft.

“For the past 13 years, our innovative technology has made equipment buying and selling more efficient for the construction industry," said Greg Owens, CEO, IronPlanet. “Now, we’re excited to bring our expertise to support the needs of AOPA and its members within the aviation community.”

Pleasanton, Calif. – May 15, 2013 – IronPlanet®, a leading online marketplace for used heavy equipment, will host an auction on May 16 featuring mining equipment in Ontario and Nova Scotia.

Items include a 1972 Manitowoc 4600 Vicon Dragline, an Atlas Copco DML-XL 1200 Rock Drill and a Letourneau L-950 Wheel Loader, as well as Komatsu track excavators, Caterpillar and Komatsu off-road end dump trucks, Trail King tri-axle live bottom trailers and more.

Pleasanton, Calif. – May 13, 2013 – IronPlanet®, a leading online marketplace for used heavy equipment, will host an auction on May 15 featuring trucks and trailers from R.N. Industries, a full-service fluid transportation company with specialization in the oil and gas industry.

The auction includes heavy haul Kenworth and Peterbilt cabs, Dragon 130BBL and 170BBL vacuum trailers, vacuum trucks, Mack day cabs, water trucks, flatbeds and much more. The trucks are located in Colorado, North Dakota, Utah and Pennsylvania.

PLEASANTON, Calif. (May 1, 2013) – TruckPlanet^SM, an online marketplace for buying and selling used commercial trucks, will offer more than 300 Ryder road-ready trucks for sale on Tuesday, May 7.

“We are very excited to offer Ryder trucks as our first auction on TruckPlanet,” said Randy Berry, president of TruckPlanet. “With a wide variety of road-ready trucks from Ryder located across the northeastern U.S., and our exclusive IronClad Assurance®, this TruckPlanet exclusive event will draw online bidders from around the world.”

PLEASANTON, Calif. (April 25, 2013) – IronPlanet®, a leading online marketplace for used heavy equipment, today launched TruckPlanet^SM, an online marketplace dedicated exclusively to buying and selling used commercial trucks.

“We are very excited to bring the same marketplace that changed the used equipment business to the truck industry,” said Greg Owens, CEO of IronPlanet. “Truck buyers and sellers can now enjoy the convenience and confidence at TruckPlanet that our used equipment customers have come to know and trust at IronPlanet.”

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.