Ritchie Bros. to sell diverse selection of railroad equipment in Chicago, IL

The unreserved auction, which follows the American Railway Engineering and Maintenance show in Chicago, features more than 750 equipment items and trucks, including a wide selection of railroad equipment items

CHICAGO, IL, Sept. 19, 2014 /PRNewswire/ - Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, will sell more than 750 rail and industrial equipment items at an unreserved public auction in Chicago, Illinois on October 2, 2014. The auction directly follows the American Railway Engineering and Maintenance (AREMA) show, held September 28 - October 1. Every item in the auction will be sold to the highest bidder, regardless of price, without minimum bids or reserve prices. Bids in the auction can be made in person at the auction site, online in real-time at www.rbauction.com and by placing proxy bids.

"To have an auction with the equipment we are offering at the time we are holding it, immediately following the AREMA show, presents an exciting new opportunity for us," said Ben Arbeiter, Regional Sales Manager, Ritchie Bros. Auctioneers. "The auction features a great selection of railroad and other heavy equipment, so this is a great chance for anyone looking to acquire quality equipment from a variety of industries."

In all, more than 750 equipment items will be sold in the October 2, 2014 auction, including:

• A 2009 Caterpillar 308DCR high-rail midi excavator
• A Fairmont Jackson 6700 ballast tamper
• Five spike pullers
• Three heavy duty rail cars
• A Pettibone 441B sped swing

Other equipment highlights in the Chicago auction include three 2006 Caterpillar D6R Series III LGP bulldozers; two 2012 Caterpillar 236B3 skid steer loaders; a 2009 Cat 329 DL hydraulic excavator; more than 25 truck tractors; and much more.

Consignments are still being accepted for the auction. If you are interested in buying and selling equipment and trucks at this—or any other auction in Chicago—contact the auction site at: +1.815.941.6400.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. ^TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOne^TM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauctionfinance.com). Ritchie Bros. has operations in more than 25 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

ATTENTION MEDIA: Photos and other media resources are available for use at rbauction.com/media. Members of the public and the media can follow Ritchie Bros. on Twitter @RitchieBros.

SOURCE Ritchie Bros. Auctioneers