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Ritchie Bros Auctioneers Inc
Symbol RBA
Shares Issued 106,985,954
Close 2017-06-08 C$ 41.77
Market Cap C$ 4,468,803,299
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Ritchie Bros. to sell Kenworth T680 truck for charity

2017-06-08 16:46 ET - News Release

Mr. Chris Holmberg reports

RITCHIE BROS. TEAMS WITH INLAND KENWORTH TO SELL SPECIAL TRUCK TRACTOR FOR TRUCKERS AGAINST TRAFFICKING CHARITY

Ritchie Bros. Auctioneers Inc. is hitching its trailer to a very important cause this month. At its Phoenix, Ariz., auction on June 20, the company will be selling a customized 2018 Kenworth T680 truck tractor donated by Inland Kenworth, one of the largest Kenworth truck dealers in North America, and a group of truck industry sponsors, and donating all proceeds to advocacy group Truckers Against Trafficking (TAT) to help prevent human trafficking.

"When Inland Kenworth came to us with the idea, we jumped at the chance to do our part," said Chris Holmberg, sales director, Ritchie Bros. "We believe that with our global network of buyers, we can get the best return for the Kenworth T680 and in turn help Truckers Against Trafficking. Ritchie Bros. is proud to support the prevention of human trafficking."

Inland Kenworth has dubbed the special T680 the everyday heroes edition. The truck has a retail value of $157,000 (U.S.) and features a 76-inch sleeper, 485-horsepower Paccar MX-13 engine and Eaton Fuller Advantage 10-speed automated transmission.

"I first became involved with Truckers Against Trafficking after hearing a presentation they made at an Arizona Trucking Association conference," said Don Blake, sales manager at Inland Kenworth in Phoenix. "They opened my eyes to the evils of human trafficking. So many of the victims are innocent children. My heart hurt after being informed, but it made me want to help.

"We chose Ritchie Bros. to sell the truck because they are the best auctioneers in the trucking industry. I knew they would be willing to help. When I asked Chris Holmberg to auction the truck to benefit Truckers Against Trafficking, I couldn't even get the question out before he said yes. Not only has Ritchie Bros. offered to auction the truck for free, but they have worked very hard to market both the cause and the truck."

On top of the special Kenworth T680 being sold for charity, Ritchie Bros. will also sell hundreds of other items during its unreserved public auction. Equipment highlights include more than 80 truck tractors, more than 90 trailers, as well as excavators, loaders, dozers, excavators, aerial work platforms and more. The auction also features a selection of trucks and trailers being sold for Graebel Van Lines.

About Ritchie Bros. Auctioneers Inc.

Ritchie Bros. is a global asset management and disposition company offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.

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