Latest news with #heavyEquipment
CBC
5 days ago
- CBC
B.C. mill worker drowns after being trapped in machine that fell into ocean
Mounties in British Columbia say a mill worker on Vancouver Island has drowned after being trapped in a piece of heavy equipment that plunged into the ocean. North Cowichan/Duncan RCMP said they responded to the Catalyst Pulp and Paper Mill in Crofton, a town about 50 kilometres northwest of Victoria, around noon Wednesday. They said first responders, including firefighters and paramedics, also attended the scene. Police said Canadian Coast Guard divers attempted to rescue the machine operator, but the man could not be revived.
Associated Press
20-05-2025
- Automotive
- Associated Press
Carter Machinery Brings Back Carter Con Expo and Operator Challenge for 2025
RICHMOND, Va.--(BUSINESS WIRE)--May 20, 2025-- Carter Machinery is proud to announce the return of its flagship event, Carter Con Expo, taking place June 11-12 at Meadow Event Park in Doswell, with an expanded two-day lineup of demonstrations, experiences and the ever-popular Cat® Global Operator Challenge. Building on record-breaking attendance in 2022, the 2025 Expo promises even more equipment, more innovation and more ways to connect with the people shaping the future of construction and heavy equipment. This press release features multimedia. View the full release here: Carter Con provides the opportunity to view and demo the latest Cat equipment. Carter Con Expo is Carter Machinery's premier showcase of the latest Cat machines, attachments and construction technology as well as its full suite of parts, service and rental solutions. Attendees will experience live equipment demos, test next-generation jobsite technology and engage with over 200 experts from Carter Machinery, Caterpillar® and other top-tier industry partners and sponsors. 'This event is all about putting the power of innovation into the hands of our customers, no matter the size or complexity of their jobsite,' says Craig Kahoun, Executive Vice President for Carter Machinery. 'Whether you're a fleet manager or field operator, Carter Con Expo is the place to see, touch and try what's next in the construction industry.' Highlights include: Attendees who preregister by May 30 will be automatically entered into a drawing to win a brand new Traeger Pro Series Grill. To register or find more information, visit MEDIA KIT(features images from 2022 Carter Con) About Carter Machinery Carter Machinery is an authorized Cat dealer with over 30 locations across Virginia, West Virginia, Maryland, Delaware and Washington, D.C., offering a full range of equipment, rental and power solutions. With a 97-year track record of success, Carter Machinery empowers industries to build, connect and power communities through smart, durable equipment and service excellence. View source version on CONTACT: Brenda Drake [email protected] KEYWORD: UNITED STATES NORTH AMERICA MARYLAND WEST VIRGINIA VIRGINIA INDUSTRY KEYWORD: MACHINE TOOLS, METALWORKING & METALLURGY OTHER CONSTRUCTION & PROPERTY MANUFACTURING CONSTRUCTION & PROPERTY BUILDING SYSTEMS OTHER MANUFACTURING MACHINERY SOURCE: Carter Machinery Copyright Business Wire 2025. PUB: 05/20/2025 08:15 AM/DISC: 05/20/2025 08:14 AM
Yahoo
14-05-2025
- Business
- Yahoo
The Top TSX Stock to Buy Now as Canadians Shift Cash Back Home
Written by Amy Legate-Wolfe at The Motley Fool Canada Canadians are beginning to bring their money back home. After years of favouring big-name U.S. stocks, the trend is shifting. With market uncertainty, interest rate changes, and a stronger Canadian dollar, investors are taking a second look at the TSX. One name worth spotlighting during this shift is RB Global (TSX:RBA). Formerly known as Ritchie Bros., this Vancouver-based powerhouse is quietly becoming one of the top TSX stocks to consider right now. RB Global runs a global marketplace for buying and selling heavy equipment, trucks, and industrial assets. It blends massive on-site auctions with a growing online presence. The TSX stock serves customers in construction, transportation, mining, and agriculture, industries that never really sleep. What makes RB Global unique is that it's not tied to any one commodity or cyclical sector. Instead, it benefits from activity across a broad range of industries, which helps stabilize earnings and build long-term value. In the first quarter of 2025, RB Global reported revenue of US$1.1 billion. That's a solid 4% jump from the same period last year. Net income came in at US$102.9 million, up 6%, and earnings per share (EPS) rose to US$0.55. These numbers show a company with real staying power, even in a slower economic environment. Much of this performance was driven by better efficiency. Its service revenue take rate improved by 150 basis points to 22.3%. That might sound like a small bump, but it makes a big difference to margins. The business is squeezing more profitability out of every transaction, which is exactly what long-term investors want to see. Gross transaction value (GTV) dipped slightly to US$3.8 billion, but that's not the red flag it might seem. Lower GTV was offset by the improved take rate, and the company has been shifting toward more profitable services. Instead of chasing sheer volume, RB Global is focusing on quality revenue streams that bring more to the bottom line. That's a smart move in a market where costs are rising, and investors want lean, disciplined operations. RB Global isn't standing still, either. It continues to grow through smart acquisitions. In early 2025, the TSX stock announced it was acquiring J.M. Wood Auction Co., a respected regional player in the U.S. Southeast. That deal strengthens its North American presence and brings in new customer relationships, technology, and scale. These kinds of bolt-on acquisitions add value without overextending the balance sheet. It's slow and steady, but it's strategic. On the dividend side, RB Global offers a little something extra for income-focused investors. The TSX stock currently pays an annual dividend of $1.68 per share. That works out to a yield of around 1.18% at today's share price. It's not a jaw-dropper, but it's dependable. And more importantly, it's backed by consistent earnings. With rising free cash flow and strong balance sheet management, the dividend looks safe, and there's potential for growth over time. So, what does all this mean for Canadian investors with cash to deploy? It means RB Global is more than just a stable TSX stock; it's a bet on activity. Infrastructure projects, equipment upgrades, and fleet renewals all flow through this marketplace. Whether the economy is booming or muddling through, there's always someone buying or selling equipment. And with more businesses shifting operations online, RB Global's digital tools and analytics give it an edge. At the end of the day, RB Global combines the best of both worlds. It offers stability through recurring revenue and diversification, and growth through digital innovation and strategic expansion. For Canadians looking to invest closer to home, this TSX stock checks a lot of boxes. Whether you're planning to hold for five years or 15, it's the kind of company that fits nicely in a long-term portfolio. The post The Top TSX Stock to Buy Now as Canadians Shift Cash Back Home appeared first on The Motley Fool Canada. Before you buy stock in Ritchie Bros. Auctioneers, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Ritchie Bros. Auctioneers wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
09-05-2025
- Business
- National Post
Ritchie Bros. Sells CA$224+ Million of Heavy Equipment Assets and Vehicles at Premier Canadian Auction Event
Article content EDMONTON, Alberta & WESTCHESTER, Ill. — RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced Ritchie Bros. Auctioneers sold 11,000+ equipment items, trucks and vehicles at its premier Canadian auction event in Edmonton, AB, last week. The five-day auction generated nearly CA$225 million in gross transaction value (GTV). Article content Article content The April 29 – May 3, 2025, online and onsite auction attracted more than 18,000 bidders from more than 50 countries, with approximately 94% of the equipment selling to Canadians, including 62% purchased by Albertans. The remaining 6% of the equipment was purchased by international buyers from as far away as Saudi Arabia, Egypt, Peru and the Netherlands. Article content 'This year's April-May event in Edmonton was once again embraced by our many trusted consignors and buyers as the premier event in Canada to buy and sell heavy equipment. In the face of ongoing market uncertainty, Ritchie Bros. once again delivered strong buyer demand on a huge selection of late-model, low-hour equipment,' said Jake Lawson, President of North American Sales for Ritchie Bros. 'It is with tremendous pride that we get to host this event every year and we would like to thank the 1,700+ consignors and 4,300+ buyers that contributed to making the 2025 version of it a success. Article content 'We would also like to recognize the generosity of our customers that contributed to raising over $66,000 for charity at our annual customer appreciation event hosted in conjunction with this auction. Together, in the last eight years we have raised $232,000 for the Make-A-Wish Foundation. This year we also proudly raised $33,000 for the Leduc and District Food Bank and Holiday Hampers.' Article content Ritchie Bros. has more than 80,000 equipment items and trucks in its upcoming auctions and online marketplaces, including 4,800+ items selling in an Ontario Regional Event on May 21–23; 2,900+ items selling in a Quebec Regional Event May 27–29; 1,500+ items selling in an Atlantic Regional Event on May 30; and 1,200+ items selling in a BC Regional Event June 3–4. The next large sale in Edmonton will be June 23–25, with 1,600+ items already listed on the auction site. For a complete list of upcoming auctions and events, including weekly IronPlanet auctions and Marketplace-E events, visit Article content RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit Article content Certain statements contained in this release include 'forward-looking statements' within the meaning of U.S. federal securities laws and 'forward-looking information' within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Forward-looking statements herein include, in particular, statements relating to the upcoming auctions (including the Ontario, Quebec, Atlantic, and BC Regional Events), and other subjects of this release that are not historical facts. Forward-looking statements are typically identified by such words as 'aim', 'anticipate', 'believe', 'could', 'continue', 'estimate', 'expect', 'intend', 'may', 'ongoing', 'plan', 'potential', 'predict', 'will', 'should', 'would', 'could', 'likely', 'generally', 'future', 'long-term', or the negative of these terms, and similar expressions intended to identify forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of RB Global's common shares. Therefore, you should not place undue reliance on any such forward-looking statements and caution must be exercised in relying on forward-looking statements. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to risks and uncertainties relating to: our ability to drive shareholder value; potential growth and market opportunities; the level of participation in our auctions and the success of our online marketplaces; our ability to grow our businesses, acquire new customers, enhance our sector reach, drive geographic depth, and scale our operations; the impact of our initiatives, services, investments, and acquisitions on us and our customers; the acquisition or disposition of properties; potential future mergers and acquisitions; our ability to integrate acquisitions; our future capital expenditures and returns on those expenditures; our ability to add new business and information solutions, including, among others, our ability to maximize and integrate technology to enhance our existing services and support additional value-added service offerings; the supply trend of equipment and vehicles in the market and the anticipated price environment, as well as the resulting effect on our business and Gross Transaction Value ('GTV'); our compliance with laws, rules, regulations, and requirements that affect our business; effects of various economic, financial, industry, and market conditions or policies, including inflation, the supply and demand for property, equipment, or natural resources; the behavior of commercial assets and vehicle pricing; the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, and its impact on revenues and profitability; our future capital expenditures and returns on those expenditures; the effect of any currency exchange and interest rate fluctuations on our results of operations; the effect of any tariffs on our results of operations; the grant and satisfaction of equity awards pursuant to our compensation plans; any future declaration and payment of dividends, including the tax treatment of any such dividends; financing available to us from our credit facilities or other sources, our ability to refinance borrowings, and the sufficiency of our working capital to meet our financial needs; our ability to satisfy our present operating requirements and fund future growth through existing working capital, credit facilities and debt; misappropriation of data or cybersecurity incidents; and, failure to comply with privacy and data protection laws. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in 'Part I, Item 1A: Risk Factors', and the section titled 'Summary of Risk Factors', in our Annual Report on Form 10-K for the year ended December 31, 2024, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission, including subsequent Quarterly Reports on Form 10-Q The forward-looking statements included in this release are made only as of the date hereof. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. RB Global does not undertake any obligation to update any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law. Article content Article content Article content Article content Article content Contacts Article content RB Global Contacts Media Inquiries: Val Alitovska | RB Global, Inc. Director, Corporate Communications (312) 505-9900 valitovska@ Article content Article content
