RITCHIE SET TO GO LIVE FLORIDA AUCTIONS IN ORLANDO

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Ritchie Bros. Set to Go Live Feb. 21 to 26 for Annual Florida Auctions in Orlando

Ritchie Bros. is now accepting consignments for its next massive annual Orlando auction on Feb. 21 to 26, 2022, which will host live bidding onsite for the first time in two years.

Early consigned items may be pre-listed on Ritchie Bros.’ Marketplace-E solution, attracting more buyers for the equipment, with an opportunity to sell before year-end. Any item not sold by Jan. 15, 2022, will cascade directly into the February Orlando event.

“We are attracting record levels of demand today, resulting in strong pricing across almost every single asset category — it’s a great time to sell,” said Kari Taylor, chief revenue officer, Ritchie Bros.

“If you contact us today, we can get your items pre-listed on our Marketplace-E solution with Make Offer and Buy Now prices. If your items don’t sell on Marketplace-E, we will simply cascade them into our February Orlando auction. It’s the best of both worlds.”

Over the past year, Ritchie Bros. has seen a steady growth in demand, with 160 million visits to its online marketplaces. Contractors today need equipment and are being extremely aggressive in their bidding.

According to Ritchie Bros.’ latest Market Trends Report, truck tractor prices are up 46 percent year over year in the United States (for the three months ending Sept. 30, 2021), while medium earthmoving, vocational truck, and aerial equipment pricing is up 38 percent, 35 percent and 34 percent respectively. Prices are strong and consignors with surplus equipment are being rewarded.

With items pre-listed on Marketplace-E, consignors will benefit from a team of multilingual Marketplace-E Specialists who leverage Ritchie Bros. analytics and demand data to help find the right buyer. If an item is not sold by Jan. 15, it will shift into the company’s biggest auction of the year.

“Orlando is our premier global auction, with equipment and buyers from across North America and around the world,” added Jeff Gillmer, vice president, sales. “Last February we sold 12,000 items in Orlando for more than 1,000 companies, achieving $191+ million in gross transaction value. We attracted 22,000 bidders from 80 different countries, all participating online and in real time.

“We are also very excited to welcome customers back to Orlando for auction days in February. This destination event has always been a huge networking opportunity for our customers, and we are happy we can be together again soon.”

For more information about Ritchie Bros. upcoming Orlando auction, including details about pre-listing items on Marketplace-E, visit rbauction.com/Orlando2022.

Companies and individuals looking to consign should contact their local sales representative or the Orlando site directly at 855/331-5789. 

Chris Davenport of the first CIM graduating class speaks at the CIM 25th Anniversary.

CONCRETE from page 8

“It grew from that to more than 1,300 graduates,” Huddleston said. “After this program was formed, a National Steering Committee was formed to look over curriculum and establish appropriate schools so there wasn’t a competing market.”

Today, there are programs at the California State University, Chico, South Dakota State University, New Jersey Institute of Technology and Texas State University.

“All of this works together quite well,” Huddleston said. “It’s organized quite interestingly and is probably one of the most unique programs in the country because of its relationship with the industry. The school programs are separate entities, but the steering committee is a good link to all. It has a big fundraising arm and marketing committee. They help tie to the industry on a national level.”

If work goes as planned, students attending the CIM program in the fall of 2022 will do so in the $40 million School of Concrete and Construction Management building (SCCM) currently under construction. (See story: https://www.constructionequipmentguide.com/mtsus-newbuilding-gives-students-hands-on-experience/53699).

“This is a very unique building,” said Project Manager Ross Gray of Hoar Construction. “I’ve never built anything like this before. Typically we’re dealing with concrete and/or steel or concrete footings or steel structures. On this, we’ve got concrete, CMU block, structural steel and a whole new dynamic to me as a contractor, hollow core plank. You’re adding more coordination between more trade partners and how they all align with each other at the end of the day.”

Kelly Strong, SCCM director and professor, noted the concrete industry’s “generous” donations played a significant role in making the project reality. The SCCM — described by MTSU as one of the “most exclusive in the nation” — offers 325 majors and boasts an alumni of 1,500.

“We could probably double 325 and place every one of them. Our students are in such demand. We had 45 graduates and 90 companies come to campus to recruit. The average starting salary is $60,000. Our graduates are instantly middle class.”  CEG

The CIM National Steering Committee tours the site of the new building for the School of Concrete and Construction Management.