In this episode of the Ritchie Bros. Inside Edge, we take a deep dive into the factors influencing the significant rise in truck volumes, the impact of spot rates in the current market, and if a correction is coming, for-hire driver numbers, and forthcoming state and federal mandates affecting the transportation industry.To discuss these transportation trends and pricing data, Host Andrew Engelhardt sits down with transportation experts Rob Slavin, Senior Valuation Analyst at Ritchie Bros., and Steve Tam, Vice President of ACT Research.Resources:Get the Market Trends report hereInvestor.ritchiebros.com/Market-Trends-ReportRitchie Bros. YouTube ChannelYoutube.com/ritchiebrosSearch equipment values for free with the Ritchie Bros. pricing results tool at RBAssetSolutions.com.For a complete list of Ritchie Bros. upcoming auction events, visit RBAuctions.com/auctions.For a complete knowledge hub for the used equipment market, read the ever-expanding resources available at Ritchie-Hub.com.
Ritchie Bros. conducts dozens of farm retirement auctions in the spring, where thousands of agricultural equipment items are sold across North America. In this episode of the Ritchie Bros. Inside Edge, we find out more about the types of equipment for sale, and the move to timed, online auctions.To discuss the latest farm-focused market trends report, Host Andrew Engelhardt sits down with two of Ritchie Bros.’s in-house Ag experts. Jordan Clarke and Luke Fritshaw are both Sales Directors in the Ag equipment division. They talk about the factors that contribute to increased demand and price for tractors, what creates the discrepancies between the U.S. and Canadian markets, the benefits of timed, online auctions, and what makes Ritchie Bros. auctions stand apart.Resources:Get the Market Trends report hereInvestor.ritchiebros.com/Market-Trends-ReportRitchie Bros. YouTube ChannelYoutube.com/ritchiebrosSearch equipment values for free with the Ritchie Bros. pricing results tool at RBAssetSolutions.com.For a complete list of Ritchie Bros. upcoming auction events visit RBAuctions.com/auctions.For a complete knowledge hub for the used equipment market read the ever-expanding resources available at Ritchie-Hub.com.
In Q1 2023, as supply chain restrictions began to ease and volumes began to rise, Ritchie Bros. sold tens of thousands of equipment items and trucks globally. In this episode of the Ritchie Bros. Inside Edge, we dig into the data to unearth the story behind the numbers.To discuss the Q1 Market Trends Report, Host Andrew Engelhardt is joined by two industry experts. Doug Olive, Sr. VP of Pricing at Ritchie Bros., and Doug Rusch, Managing Director of Sales at Rouse Services, dive into the trends with volume and pricing data for most major construction, aerial, and transportation equipment categories.Resources:Get the Market Trends report hereInvestor.ritchiebros.com/Market-Trends-ReportRitchie Bros. YouTube ChannelYoutube.com/ritchiebrosSearch equipment values for free with the Ritchie Bros. pricing results tool at RBAssetSolutions.com.For a complete list of Ritchie Bros. upcoming auction events visit RBAuctions.com/auctionsFor a complete knowledge hub for the used equipment market read the ever-expanding resources available at Ritchie-Hub.com.
In this episode of the Ritchie Bros. Inside Edge, we review the main equipment categories sold at the Orlando auction and showcase the discussion panel on the future of equipment life cycle management held at CONEXPO-CON/AGG in March..Host Andrew Engelhardt speaks with the experts at CONEXPO-CON/AGG. Discussion panelists, Mike Jones, President of Vendor Equipment Finance at First Citizens Bank, Bob Leavy, VP of Remarketing for Alta equipment, Ritchie Bros, internal expert Chief Marketing Officer, Matt Ackley, and Alex Schuessler Founder and Pres. International Group for SmartEquip talk about how to maintain equipment values, finance used equipment, and the benefits of the auction process. Resources:Get the March Market Trends report here Investor.ritchiebros.com/Market-Trends-ReportRitchie Bros. YouTube ChannelYoutube.com/ritchiebrosSearch equipment values for free with the Ritchie Bros. pricing results tool at RBAssetSolutions.com.For a complete list of Ritchie Bros. upcoming auction events visit RBAuctions.com/auctionsFor a complete knowledge hub for the used equipment market read the ever-expanding resources available at Ritchie-Hub.com.
In this episode of the Inside Edge, Ritchie Bros. looks back through market data from the pandemic to mid-Q1 and analyzes trends in the transportation industry. To go behind the numbers and unearth the issues impacting the transportation sector, host Andrew Engelhardt is joined by experts Steve Tam, Vice President of ACT Research, and Ritchie Bros.’ Senior Pricing Analyst, Rob Slavin. They analyze the latest data to reveal some surprising and some not-so-surprising market trends. The conversation revolves around supply-and-demand issues, the shortage of new and used units, and why prices are declining. Resources: Get the February Market Trends report here Rbassetsolutions.com/market-trends-report Ritchie Bros. YouTube Channel Youtube.com/ritchiebros Search equipment values for free with the Ritchie Bros. pricing results tool at RBAssetSolutions.com. For a complete list of Ritchie Bros. upcoming auction events visit RBAuctions.com/auctions For a complete knowledge hub for the used equipment market read the ever-expanding resources available at Ritchie-Hub.com. Shareables: “The reality is we are still short of trucks, both on the new truck side and the used truck side. Even though the economy is slowing and freight is not as robust as it was, it’s still a pretty good market.” — Steve Tam, Vice President, ACT Research Co. “We are coming back down to reality now but we still aren't there. ... This is a once-in-a-lifetime thing. I don't think I will ever see this kind of market comeback again.” — Rob Slavin, Senior Pricing Analysis, Ritchie Bros. “It's very clear in the data we see on the new truck side of the business, manufacturers were diverting scarce parts in favor of the heavier trucks because the margins are better on those trucks.” — Steve Tam, Vice President, ACT Research Co.