Technology

Asking-Auction Value Spread Reaches Historic Highs in Several Ag Equipment Markets

Published

2 years ago

July 8, 2024

LINCOLN, Neb., July 8, 2024 /PRNewswire/ — According to the newest Sandhills Global market reports, asking and auction values for used farm equipment in Sandhills marketplaces are continuing a downward trend. However, auction values are declining at a faster rate, driving an increasing gap between auction and asking values, especially among used combines, planting equipment, and 100-plus-horsepower tractors.

“The spread between asking and auction values has grown significantly over the past few months,” says TractorHouse Manager Ryan Dolezal. “While dealers have begun to cut prices, this spread exceeds historical values. Dealers should monitor these trends closely as we expect a large influx of equipment ahead of this year’s harvest season.”

This value spread is also occurring in Sandhills’ used construction equipment marketplaces such as MachineryTrader.com. “Heavy equipment inventory is still accumulating on dealers’ lots,” says Director of North American Construction Stephanie Olberding. “This is causing equipment value depreciation to accelerate further.”

The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets and model-year equipment actively in use. EVI spread measures the percentage of asking values over auction values.

Additional Market Report Takeaways
Sandhills market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, semitrailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Tractors 100 Horsepower and Greater

Inventory levels in this category experienced a marginal month over month decrease in June but were up 40.37% compared to last year’s figure. Inventory levels are trending sideways.Values continued a downward trend in June. Asking values rose less than 1% M/M in June, were up 3.89% YOY, and are trending down.Auction values continue to fall faster than asking values, increasing the separation between the two, referred to as the EVI spread. Following consecutive monthly decreases, auction values fell 3.53% M/M and 6.09% YOY in June.EVI spread increased to 45% in June, exceeding the historic 39% peak for this category observed in 2015.

U.S. Used Planters

Following seasonal declines, used planter inventory levels ticked down 0.23% M/M in June but were up 16.22% YOY and are trending upward.After months of decreases, asking values decreased 1.65% M/M and remained nearly steady YOY with a marginal increase.Auction values increased 0.97% M/M, dropped 19.24% YOY, and are trending down.The rapid decline in auction values pushed the EVI spread wider. The EVI spread for the used planter market reached 73% in June, exceeding historic highs last seen in 2015.

U.S. Used Combines

The U.S. used combine market showed slight relief from inventory increases in June. Levels decreased 1.59% M/M, rose 11.1% YOY, and are now trending sideways.Asking values remained steady M/M and are trending sideways, but posted a noteworthy 11.24% YOY increase.Auction values followed months of declines with a 2.83% M/M decrease in June but remained 1.9% higher than the previous year’s figure.EVI spread has increased dramatically for used combines over the past few months, reaching 57% in June.

U.S. Used Compact and Utility Tractors

Inventory in the used compact and utility tractor market continued downward trends in June. Inventory levels decreased 1.27% M/M and rose 2.77% YOY.Following months of decreases, asking values were down 0.94% M/M and 3.21% YOY.Auction values dipped 0.56% lower M/M after months of decreases and fell 4.16% YOY.

U.S. Used Medium-Duty Construction Equipment

The used skid steer category has driven a surge in inventory level increases across the U.S. used medium-duty construction equipment market. In the overall market, inventory levels rose 7.56% M/M and 51.85% YOY, adding to consecutive months of increases.Asking values, following moths of decreases, ticked 0.74% lower M/M and dropped 7.16% YOY in June.Auction values also continued a trend of monthly decreases, dropping 2.27% M/M and 11.63% YOY in June.

U.S. Used Heavy-Duty Construction Equipment

Inventory continues a steady recovery in this market, but at a slower rate compared to medium-duty construction equipment. Inventory levels of used heavy-duty construction equipment rose 4.15% M/M and 21.02% YOY in June, adding more pressure on values, which remain on downward trends.Sandhills has observed several months of decreases in both asking and auction values. Asking values decreased by 1.91% M/M and 5.41% YOY in June.Auction values fell 2.92% M/M and 9.56% YOY in June.

U.S. Used Heavy-Duty Trucks

Inventory levels of used heavy-duty trucks decreased slightly M/M in June by 1.24%, increased by 0.7% YOY, and are now trending sideways.Values, meanwhile, continue trending down following months of decreases. Asking values decreased by 1.66% M/M and 17.6% YOY in June.Auction values dropped by 4% M/M and 20.18% YOY.

U.S. Used Semitrailers

Inventory levels of used semitrailers are nearing pre-COVID levels, driven primarily by increases in the dry van trailer category. Used semitrailer inventory levels dropped just 0.66% M/M but are trending up and were 26.81% higher YOY in June.After several months of decreases, asking values decreased 2.15% M/M and 19.55% YOY.Auction values have also experienced months of decreases. Auction values were down 0.33% M/M and 19.68% YOY in June.

U.S. Used Medium-Duty Trucks

Inventory levels in this category were up 2.65% M/M in June following months of increases and were 28.21% higher than last year.Rising inventory levels of medium-duty trucks continue to add pressure to asking and auction values, which are both trending downward. Asking values posted a marginal M/M increase in June, decreased by 12.85% YOY, and are trending down.After months of decreases, auction values dropped by 3.02% M/M and 16.37% YOY in June.

U.S. Used Lifts

Inventory levels of used lifts remain elevated while values continue downward trends. Inventory levels in this market were up 5.3% M/M and 11.29% YOY in June and are trending upward.Asking values dropped by 3.2% M/M and 9.05% YOY.Auction values fell 3.65% M/M and 14.78% YOY.

Obtain the Full Reports
For more information, or to receive detailed analysis from Sandhills Global, contact us at marketreports@sandhills.com.

About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.

About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhills Global marketplaces, including AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.

Contact Sandhills
www.sandhills.com/contact-us
402-479-2181

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SOURCE Sandhills Global

Technology

BMO Named Best Bank in North America, Western U.S. and Transaction Banking in North America by Global Finance

Published

5 seconds ago

June 18, 2026

Recognition highlights BMO’s investment in artificial intelligence, digital innovation and client experience

TORONTO and CHICAGO and SAN FRANCISCO, June 18, 2026 /CNW/ – BMO today announced it has been recognized by Global Finance with three top honours: Best Bank in North America, Best Bank in the Western United States, and Best Bank for Transaction Banking in North America, spanning the publication’s World’s Best Banks and Treasury & Cash Management Awards programmes.

The recognition reflects BMO’s strength across its North American platform and continued momentum in key markets, as well as its leadership in treasury management, digital payments, artificial intelligence and liquidity solutions.

Together, the awards underscore BMO’s progress in scaling digital capabilities, advancing AI across its operations, and deepening client relationships to deliver more connected, innovative and client-focused banking experiences.

“Team BMO is focused on helping our clients make real financial progress with expert advice, innovative products and services, and world-class experiences,” said Darryl White, CEO, BMO Financial Group. “By integrating AI across our business, we’re personalizing client experiences, augmenting our teams with deeper insights, and automating how we deliver simpler, more proactive support – this recognition reflects our client commitment, the strength of our North American platform, and disciplined execution of our strategy.”

The Global Finance World’s Best Banks awards recognize financial institutions that demonstrate strong financial performance, strategic growth, and innovation in products and services.

“Being named Best Bank in the Western U.S. speaks to the momentum we’re building in key markets and the way our teams are showing up for clients every day,” said Darrel Hackett, U.S. CEO, BMO. “We’re focused on making banking more simple, connected and personal by combining strong local relationships with the scale and capabilities of a leading U.S. bank.”

Across North America, BMO continues to invest in technology and innovation to enhance the client experience – expanding digital capabilities and embedding AI across client engagement, risk management and operations. These investments are driving faster decisions, deeper insights and more connected financial services.

“We’re proud to be recognized for our leadership in transaction banking across North America. Our focus is clear – deliver smarter, faster and more connected treasury and payment solutions for clients,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, BMO. “By combining innovation, data and AI, we’re helping clients manage liquidity and drive their businesses forward.”

BMO has earned global recognition for AI talent development, reflecting its enterprise-wide approach to building and scaling advanced capabilities. With AI adoption exceeding 96% across employees and intelligent agents supporting frontline and operational teams, AI is embedded across the bank’s businesses. Guided by strong Responsible AI governance, BMO continues to advance AI and quantum innovation through the BMO Institute for Applied AI and Quantum – personalizing client experiences, augmenting teams and automating operations at scale.

To learn more about BMO’s AI and digital-first strategy, please visit: https://www.bmo.com/en-ca/main/about-bmo/our-impact/clients/technology-innovation/.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

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SOURCE BMO Financial Group – Communications

Technology

HawkEye 360 Announces New Leadership for Innovative Signal Analysis

Published

8 seconds ago

June 18, 2026

HERNDON, Va., June 18, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced leadership changes within Innovative Signal Analysis (ISA), now part of HawkEye 360, appointing Cory Peichel as Senior Vice President and General Manager of HawkEye–ISA and Mark Volpi as Vice President and Deputy General Manager.

Cory will serve as the executive leader, responsible for end‑to‑end business performance. Reporting directly to the Chief Operating Officer of HawkEye 360, he will guide mission delivery excellence and serve as the senior customer‑facing executive for HawkEye–ISA. He will also lead the business sectors and functional disciplines responsible for delivering solutions and capabilities to address customer requirements and ensure disciplined execution across all portfolios.

Mark will serve as the deputy, supporting all aspects of strategic execution, operational performance, and customer engagement. His role will reinforce leadership continuity and strengthen alignment across the organization.

Both leaders bring significant technical expertise, deep knowledge of ISA’s mission, and a strong track record across the defense and intelligence community. They played key roles in integrating ISA with HawkEye 360 and have helped guide the organization through its transition to becoming a new public company with HawkEye 360’s IPO in May. Their practical leadership and customer‑focused approach continue to support how our teams adapt and work together in this new phase of growth.

“This leadership transition strengthens our commitment to delivering sophisticated, timely, and high‑confidence analytics to our defense, intelligence, and national security partners,” said Todd Probert, Chief Operating Officer of HawkEye 360. “Cory and Mark’s technical insight, operational discipline, and long‑standing mission focus position HawkEye–ISA for continued growth. Their leadership will help accelerate innovation and expand the value we deliver through advanced analytics and RF data solutions.”

The enhanced leadership structure reinforces HawkEye 360’s dedication to supporting critical national security missions, expanding advanced analytic capabilities, and delivering faster, more accurate insights that empower customers with the information advantage needed to address emerging threats.

We extend our sincere appreciation to ISA’s Founders, Stacy Kniffen and David Stevens, for their leadership and dedication to the defense and intelligence mission. We are grateful that they will continue to support the organization and the commitments we have made to provide world-class solutions to our customers.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical electronic warfare to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the US Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical fact, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s final prospectus related to its initial public offering, dated May 6, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

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SOURCE HawkEye 360 Inc.

Technology

The Andersons, Inc. Declares Cash Dividend for Third Quarter 2026

Published

10 seconds ago

June 18, 2026

MAUMEE, Ohio, June 18, 2026 /PRNewswire/ — The Andersons, Inc. (Nasdaq: ANDE) announces a third quarter 2026 cash dividend of 20 cents ($0.20) per share payable on July 22, 2026, to shareholders of record as of July 01, 2026.

This is The Andersons 119th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

About The Andersons, Inc.

The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.

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SOURCE The Andersons, Inc.