With U.S. truck tractor prices up 30% year over year at Ritchie Bros., the company will dive into the data with industry experts to discuss what is driving what Ritchie Bros. calls a hot transportation market in 2021. On July 27 at 12 p.m. PST (3 p.m. EST), Ritchie Bros. will host an industry panel about the transportation industry, covering original equipment manufacturer production delays, auction volumes and pricing, spot rate impact and driver shortages.

“Our Inside Edge live industry panels are [a] great way for Ritchie Bros. to connect with customers and industry associations to share expertise and data to help us all better understand the diverse issues and factors impacting the industries we operate in every day,” Matt Ackley, chief marketing officer and host of Ritchie Bros.’ Inside Edge panels, said. “For our July 27^th transportation panel, we have some great guests joining our discussion, including Steve Tam, vice president of ACT Research; Stacey Jenkins, president of the Toronto Transportation Association; and Julien Bigras, managing director of Core Capital Inc.”

The panel will be held as a live event on Microsoft Teams. You can register here.

According to Ritchie Bros.’ July 2021 Market Trends Report, through the first half of 2021, truck tractor prices in the United States are up 30% year over year, while medium earthmoving and vocational truck prices are each up 25%.