News

Freight assets up for grabs

Transport companies and workers will be able to grab a bargain before Christmas when Global asset management and disposition company, Ritchie Bros. disperses of 145 assets.

The auction comes after private equity firm Allegro Funds acquired Toll Group’s Australian freight and freight forwarding arm, Toll Global Express in April this year.

Some of the assets to be dispersed include 79 courier trucks and vans, 22 trailers, and 7 prime movers, with some of the assets, including 37 courier trucks and vans will go to auction this week in Ritchie Bros. National Unreserved End-of-Year Auction (December 1-2).

Of the trailers, a selection of 2012 and later model Kenworth (including combination trailers) will be available.

The asset dispersion comes after an agreement was reached with Gordon Brothers, a global advisory, restructuring, and investment firm.

Some of the fleet to be auctioned at the Ritchie Brothers unreserved auction.

Ritchie Bros. APAC Sales Director, Finlay Massey said the fleet is being strategically allocated to multiple auctioneers (including Ritchie Bros) in unreserved auctions; such as IronPlanet reserved auctions and the 24/7 Marketplace-E over the next few months.

“There is plenty of interest from buyers both locally and globally. We are taking a multi-channel, integrated approach and have considered the location of assets, timing, and our comprehensive sales solutions to reach the best buyers for each asset,” said Massey.

The asset dispersion comes after an agreement was reached with Gordon Brothers, a global advisory, restructuring, and investment firm.

More details on lot listings can be found here.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published.

© All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

JOIN OUR NEWSLETTER

JOIN OUR NEWSLETTER
Close