Welcome to our dedicated page for RB Global news (Ticker: RBA), a resource for investors and traders seeking the latest updates and insights on RB Global stock.
RB Global, Inc. reports developments tied to its omnichannel marketplace for commercial assets and vehicles, including auctions, digital transactions, value-added services and operating results. The company connects buyers and sellers through a global network of auction sites and platforms serving asset classes such as automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.
Recurring news for RBA includes Ritchie Bros. auction activity, IAA-related vehicle marketplace updates, gross transaction value and revenue commentary, shareholder meeting results, board and governance matters, dividends and share repurchase actions. Company updates also reference marketplace solutions such as Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread.
org value="NASDAQ-NMS:TWKS"Thoughtworks has announced a multi-year partnership with Ritchie Bros, aiming to enhance Ritchie Bros' digital transformation and marketplace services. This collaboration will leverage Thoughtworks' expertise in technology and digital solutions to help Ritchie Bros modernize its operations and develop a seamless digital marketplace for commercial assets. The initiative aligns with industry trends of rapidly evolving customer needs, focusing on enhancing customer experiences and driving growth.
Ritchie Bros. will host its premier global auction event in Orlando, Florida, from February 21 to 26, 2022, featuring over 10,000 items from more than 800 companies. The auction includes a diverse range of equipment such as excavators, truck tractors, and forklifts, all sold to the highest bidder. The company is adopting a new bidding format with live online and in-person options, ensuring safety measures are in place. This auction marks a significant event for both buyers and sellers in the heavy equipment market.
Ritchie Bros held its largest agricultural auction ever in Torquay, SK, on January 24-25, 2022, selling over CA$33 million worth of farmland, real estate, and equipment. The auction included 59 parcels totaling over 9,600 acres, featuring record prices. Bidders from 30 countries participated, with 97% of sales going to Canadians. Farmland averaged $416,000 per quarter, a record high. The auction showcased equipment like a 2018 Seedmaster drill selling for CA$440,000. Upcoming auctions will continue to highlight agricultural assets.
Ritchie Bros will host an Inside Edge online discussion panel on February 4, 2022, at 9 a.m. Pacific to analyze equipment industry trends from 2021 and forecasts for 2022. The panel features industry experts discussing topics such as supply chain disruptions, compact equipment trends, and pricing. This free event is open to everyone via Microsoft Teams and aims to connect customers with industry insights. Registration is available at this link.
Ritchie Bros (NYSE: RBA) will host a fourth quarter 2021 earnings conference call on February 18, 2022, at 11:00 a.m. ET. The call will cover the company's earnings results, which will be released on February 17, 2022, after market close. Interested parties can participate via dial-in or listen via webcast. The presentation slides will be available during the call. The earnings call replay will be accessible until March 18, 2022.
For more details, visit Ritchie Bros Investor Relations.
Ritchie Bros has released its January Market Trends Report highlighting significant price increases in used equipment. Medium earthmoving equipment prices surged 45% year-over-year, while aerial equipment saw a 41% increase. The report indicates record auction activity and pricing, with truck tractors rising 65% and excavator median prices reaching $57,500, up 15%. The report reflects a strong seller's market, with the company attracting a record number of bidders in 2021.
Zuora, Inc. (NYSE: ZUO) has appointed two new independent board directors: Laura Clayton McDonnell and Amy Guggenheim Shenkan. Clayton McDonnell, currently Senior VP at ServiceNow, brings extensive experience in enterprise sales, while Shenkan, a Senior Advisor at Altamont Capital, adds her expertise in digital transformation. Their appointments aim to enhance Zuora’s strategic direction in the growing Subscription Economy. CEO Tien Tzuo expressed excitement about their leadership and insights, which are expected to help drive Zuora's growth and better serve its enterprise customers.
The Board of Directors of Ritchie Bros (NYSE: RBA) has declared a quarterly cash dividend of US$0.25 per common share, payable on March 4, 2022. Shareholders of record as of February 11, 2022 will qualify for this dividend, which is recognized as an eligible dividend for Canadian tax purposes. Established in 1958, Ritchie Bros is a global leader in asset management and sales, providing end-to-end solutions for buying and selling heavy equipment across various sectors including construction and transportation.
Nations Capital, Inc. and Ritchie Bros (RBA) announced an agreement to acquire certain assets from DeAngelo Contracting Services (DCS), which include thousands of units of highway and road maintenance equipment deemed excess to DCS's needs. The transaction aims to monetize these assets through bulk private sales and auctions. Ritchie Bros expects strong demand as used equipment prices remain high, facilitating the consolidation of these assets for resale across its various marketplaces.
On December 21, 2021, Ritchie Bros. conducted its largest-ever auction in Chehalis, WA, attracting 9,950 bidders from 58 countries and generating over $41 million in gross transaction value. The auction featured more than 2,600 items sold, with 95% acquired by U.S. buyers, including a significant portion from Washington State. The event marked a 27% increase in participation year-over-year. Ritchie Bros. reported strong pricing across transportation and excavation equipment, indicating a robust seller's market. The next Chehalis auction is scheduled for March 2022.