RB Global operates two digital marketplace businesses for buying and selling used commercial assets. The first, IAA, is a salvage vehicle marketplace where auto insurers sell total-loss vehicles to dismantlers, rebuilders, and exporters. The second, Ritchie Bros., is an omnichannel marketplace — running live auctions, online bidding, and fixed-price formats — for used heavy equipment, commercial trucks, and trailers, serving contractors, fleet owners, dealers, and government entities. RB Global earns seller commissions and buyer transaction fees on each sale, with service revenue running around 21-22% of gross transaction value (GTV, the total dollar value of assets sold). In some cases, RB Global buys and resells assets outright, though this is lower-margin. The business has meaningful operating leverage since yard infrastructure, technology, and SG&A are largely fixed. Key profitability drivers include unit volumes, average selling prices, the take rate, and — for the automotive segment — catastrophic weather events that generate sudden surges in salvage vehicle volumes. RB Global's growth strategy focuses on winning insurance carrier contracts in automotive salvage, re-accelerating commercial equipment volumes by expanding its sales force and adding auction formats, and deepening its role in the insurance claims process through AI tools like its IAA Total Loss Predictor, which classifies at the accident scene whether a vehicle should go to a repair shop or salvage yard. RB Global also runs ancillary businesses including Rouse (equipment market data), SmartEquip (parts procurement), and VeriTread (heavy haul transport).