Ritchie Bros. will host an online transportation industry panel on July 27


External and internal experts to discuss OEM production delays, volumes and prices, driver shortages, high spot rates and much more

VANCOUVER, BC, July 13, 2021 / PRNewswire / – With US Tractor Prices Rising 30% at Ritchie Bros., Company Takes Data with Industry Experts to Discuss What Is Driving This Steaming Transportation Market in 2021 . On July 27, To 12h00 Pacific (3 p.m. Eastern) Ritchie Bros. will host an Inside Edge industry panel on the transportation industry, covering OEM production delays, auction volumes and prices, impact of spot rates, driver shortages, and more.

“Our Inside Edge Live Industry Panels are a great way for Ritchie Bros. to connect with customers and industry associations to share their expertise and data to help us better understand the various issues and factors impacting the industries in which we operate every day, ”said Matt Ackley, chief marketing officer and host of Ritchie Bros. ‘ Interior edge panels. “For our July 27e transport group, we have some excellent guests joining our discussion, including Steve tam, ACT vice president of research; Stacey Jenkins, president of the Toronto Transportation Association; and Julien Bigras, Managing Director of Core Capital Inc. “

Ritchie Bros. ‘ Inside Edge Transportation Panel will be held as a Microsoft Teams Live event. Visit rbauction.com/blog to register today. For more information, please send an email: [email protected].

This week, Ritchie Bros. published his July 2021 Market Trend Report, Taking a Closer Look at Sales of Tandem Axle Tractor Units (4-7 Year Models) in Canada and United States. In the United States, the company is currently experiencing a particularly dynamic market for 6-year-old trucks (2015 models), while four-year models (2017 models) appear to be the most in demand in the United States. Canada. One of the most popular makes / models in both countries is the Freightliner Cascadia. Even though the 2014-2017 truck models were one year older and had higher utilization, the median price of Cascadias was over 45% higher in the first half of 2021 compared to 2020. Visit rbassetsolutions.com/market- trends-report to download the full report July 2021 report before the industry panel.

About Ritchie Bros. :
Founded in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, providing clients with end-to-end solutions for the purchase and sale of heavy equipment, trucks and other business assets. ‘opportunity. Operating in a number of industries including construction, transportation, agriculture, energy, oil and gas, mining and forestry, the company’s sales channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, offers live auction events with online auctions; IronPlanet, an online marketplace offering weekly auctions and providing exclusive certification of the condition of IronClad Assurance® equipment; Marketplace-E, a controlled marketplace offering multiple pricing and timing options; Mascus, a leading European online equipment referencing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company’s suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provide a comprehensive end-to-end asset management, data-driven intelligence, and performance benchmarking system. Ritchie Bros. also offers industry solutions including GovPlanet, TruckPlanet and Kruse Energy, as well as equipment finance and leasing through Ritchie Bros. Financial Services. For more information on Ritchie Bros., visit RitchieBros.com.

Photos and video for inclusion in media articles are available at rbauction.com/media.

SOURCE Ritchie Bros.

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