Alvan, PTS assets to be sold at auction

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Ritchie Bros. Auctioneers announced that it will be selling various assets on behalf of Alvan Motor Freight and Performance Transportation Services in two separate public auctions.

Alvan’s assets include 350 tractors, 700 trailers and 140 forklifts, while PTS’ assets include about 1,000 specialized car carriers. All assets — which also include shop tools and office furniture — are being sold free of liens.

The PTS auction is set for Oct. 3 at the Ritchie Bros. auction site in North East, Md., at 3201 W. Pulaski Highway. The Alvan auction is scheduled for Oct. 14 at Alvan’s Detroit terminal at 9911 Harrison Road in Romulus.

The two auctions are being conducted virtually, with items displayed on a large screen. PTS items will be located at nine Ritchie Bros. permanent auction facilities across the United States, and Alvan assets will be located at the company’s terminals in Detroit, Indianapolis and Columbus, Ohio. Interested buyers can inspect and test the items ahead of time at the various locations. Every item will sell to the highest bidder on auction day regardless of price, with no minimum bids or reserve prices. To register for the auctions or for more information, go to www.rbauction.com/transportation.

PTS, based in Allen Park, Mich., was North America’s second-largest transporter of new automobiles, SUVs and light trucks. Alvan, based in Kalamazoo, Mich., was a family-owned Midwestern regional less-than-truckload carrier. Both companies currently are subject to proceedings under Chapter 7 of the U.S. Bankruptcy Code.