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The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
ICYMI: A roundup of global trucking industry news from IAA, Ambev, Iveco, Scania, Volvo Trucks, Plus and more.
The platform has been in use throughout the company's Canadian operations since 2016, but it is now bringing it to the U.S. market.
IAA has acquired DDI Technology, an electronic lien and title technology firm that is directly integrated with over 4,400 financial institutions and DMVs in 26 states.
KAR Auction Services' ADESA business unit sold 367,000 vehicles through a digital channel in the first quarter of 2019, an increase of 58,000 year-over-year.
At the HDMA Breakfast at the IAA Show in Hannover, Germany, the head of Daimler’s Truck and Bus business division noted that not all new technologies ultimately pan out. And truck platooning may be one of them.
While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.
Preparations for Hurricane Irma had been made long before the hurricane made landfall in Florida.
Continental recently showed off systems that will help truck makers meet safety needs down the road, whether pushed by regulations or customer demand, as well as pave the way toward autonomous vehicles.
You may think of Eaton as primarily a transmission company, but at the IAA Commercial Vehicle Show in Hannover, Germany, this fall, they showed a range of future technologies both near and far, from transmissions for electric vehicles to autonomous vehicle technology to waste heat recovery.
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