Representatives with EHE Auctions announced today that it will now focus solely on reserve auctions rather than absolute auctions. Milissa Wise, Director of Operations for Expert Heavy Equipment, the parent company of EHE Auctions, which provides a marketplace for buying and selling used heavy construction and farm equipment, explained that the company made the decision to shift toward…
Representatives with Expert Heavy Equipment today announced an initiative it has started in order to create strategic partnerships with heavy equipment dealers in the Middle East. Milissa Wise, Director of Operations for Expert Heavy Equipment, whose company’s priority is to provide the best equipment at the absolute best pricing, explained that the Middle East is currently a…
Representatives with Expert Heavy Equipment announced today that it is now a resource in which buyers and sellers of heavy construction or farm equipment can use to determine the fair market value. “We are a resource to get general market pricing whether they are buying and or selling,” said Milissa Wise, Director of Operations for…
The Wall Street Journal reported that Malaysia’s downward trend on exports is finally correcting itself; however, there is still a great deal of concern over the strained capital market. The Malaysian ringgit has steadily declined his past quarter. The current-account surplus is still healthy but there is still concern over the pace of it’s decline.…
Equipment World recently posted an interesting article about the structural deficient and fraction critical bridges here in the United States. The difference between the two are explained here: Structurally Deficient: bridges in need of repair and or replacing because of component deterioration Fraction Critical: bridges at risk of collapse if one vital component fails The…
Reed Construction Data is a leading construction information source that provides accurate and reliable project leads and marketing intelligence. Early this year, they provided an extremely valuable outlook for the construction segment. This outlook analyzed construction spending from 2005 – 2012, including future projections. In the analysis, there were distinct changes in the total amount…
Wall Street Journal reported today that China is ramping up increased demand for steel, equipment and other materials used in construction. This information is also validated with a recent post we made concerning the mining industry. After disastrous results the first two quarters of 2013, Chinese steel prices are beginning to rebound. In addition the…
Equipment Watch released their 2nd QTR 2013 Auction Results on Crawler Mounted Hydraulic Excavators. During these last few months, there was an interesting shift in the pricing when Komatsu upset Caterpillar as the manufacturer with the HIGHEST average unit sale price. Caterpillar has maintained this position for nearly two years previous to the change. Contributors…
There is no question that in today’s global economy, China’s behavior affects the rest of the world. This is especially true for mining companies whose business depends on China’s demand for commodities. So what happens with China’s rate of economic growth slows down? Both commodity prices and corporate investment decisions are directly affected. According to…
The data below represents the most recent 6 months ranking by Alexa Internet. Alexa Internet, Inc. is a California based subsidiary company of Amazon.com which provides commercial web traffic data. As you can see from the graph below from Alexa, Proxibid has more traffic than both Ritchie Bros, Ironplanet and Auctiontime. SO WHY WOULD YOU…