RBA meaning in Business ?

Answer: What is Ritchie Bros. Auctioneers Incorporated mean?

Ritchie Bros. Auctioneers (RBA), or simply Ritchie Bros., is industrial asset disposition & management company, selling heavy industrial equipment and trucks through live and online auctions, and other transactional channels. The company is headquartered in Burnaby, a suburb of Metro Vancouver, and has operations in 12 countries and 40 auction sites worldwide. The company sells through unreserved public auctions, weekly featured auctions at IronPlanet, and various other online marketplaces, a broad range of used and unused industrial assets, including equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum, and marine industries. Ritchie Bros.' group of companies and solutions also includes Marketplace-E, an online equipment marketplace; Mascus, an online equipment listing service; GovPlanet, an online marketplace for selling surplus government, military and other public agencies' assets; TruckPlanet, a marketplace for the transportation industry; Kruse Energy, an oil & gas auction company; SalvageSale, online auctions for the insurance industry; Leake Car Auctions, a collector car auction company; and Ritchie Bros. Financial Services, an equipment financing and leasing company.

Ritchie Bros. is a public company. Its common shares are traded on the New York and Toronto stock exchanges under the ticker symbol RBA.

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