Federal lawsuit seeks class action against RB Global, Rouse Services and several large U.S. equipment rental companies for illegally fixing construction equipment rental prices.
The construction equipment seller and auction house acquired a controlling interest in the online shipping exchange service by upping its investment from 11% to 75%.
The annual parade of heavy iron past the viewing stands at the Ritchie Bros. auction in Orlando, Fla., is often taken as a bellwether for the health of the equipment industry.
It was a busy lot at the annual Ritchie Bros. equipment auction, held Feb 15-19 in Orlando. Some 10,700 pieces of equipment sold for a total value of $172 million, with a record 9,850 bidders from 79 countries registered.