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SJF's Material Handling Blog

Auction Buying Demystified

An Insiders guide to buying the jewels while avoiding the junk at  auctions.

Everyone likes a deal right? There’s always that chance that you’ll get something for nothing. You too can pay pennies on the dollar for prime merchandise. No other place gives the little guy the buying power of the professional than an auction…right?

Not unless you believe in fairy tales! 

I’ve been buying used material handling equipment at auctions for over 30 years. Over that period of time I have purchased literally hundreds of thousands of dollars of equipment. The art is to find, bid for and buy the hidden jewels amongst a wide variety of worthless junk. I am about to share some of my best personal insights and advice on how to avoid ending up with the junk and avoid the parlor tricks designed to get you to overpay for the good stuff.

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Polls Feature Added

Just a quick announcement – We have implemented a poll feature on this blog on the left-hand side of the page (below the category list).  Please take a moment to answer the current question and as always, keep checking back at sjf.com/blog for new questions.

We now return you to your regularly scheduled material handling postings…

SJF Road Crew – Early January Review

2012 started out fast here at SJF.  Sam Sterner and Director of Manufacturing Brian Springer arrived in Phoenix, AZ on January 2 to load out conveyor bound for our inventory here at SJF in Winsted, MN.  The goal was simple, load out as much conveyor and conveyor parts as possible.  This recent purchase gave us the opportunity to provide usable parts, such as drives and tails, for pieces we already have in stock.

With conveyor spread across the warehouse, it made packaging the material almost a scavenger hunt.  Totes full of unknown parts were lining the top levels of the rack, and many contained valuable parts to piecing together conveyor systems.  We ended up sending two trucks back to Minnesota, both loaded to the brim with conveyor, drives, nose overs, feeder beds, and other parts usable with most conveyors.

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New Video – Vertical Carousels (Mfg: Diamond Phoenix)

Just posted – a new video of 13 Diamond Phoenix Vertical carousels currently available from SJF.com

SJF Road Crew: Week in Review

The last two weeks started with a 14 hour day in Worthington, MN.  SJF recently purchased 540 pallet positions of Drive-in-Rack from a company located there.  Sam Sterner headed down in the morning to assist in the final teardown, banding, and loading of the components.  This is truck 1/2 for the day leaving loaded with uprights and rails for the system, headed straight to a customer in Fargo, ND.

 

The Worthington, MN shipment occurred on Wednesday, December 14.  Friday, December 16 and the following Monday were spent in Plymouth, MN installing pallet rack for a new Polaris Industries showroom.  The rack was set to allow display of ATVs and accessories for sale.

 

 

The week of 12/19 also had the arrival of several trucks from a recent purchase in Jeffersonville, Indiana.  These trucks came loaded with rack now available in stock in Winsted, MN.  A brief list includes-

48”x20′ Speedrack Uprights – 204 ea

108”x4” Speedrack Beams – 621 ea

96”x4” Speedrack Beams – 528 ea

48”x 20′  Teardrop Uprights – 40 ea

48”x52” Wire Deck – 653 ea

48”x46” Wire Deck – 747 ea

Many other items including many sizes Speed Rack uprights and beams, Teardrop Rack Uprights and beams, Sturdi-built, Palmer Shile, Ridge U Rack uprights and beams, and many other sizes of wire decking.  Call an SJF sales representative for more details!

The recent weeks also included the testing for SJF’s carousel software. The first run through should be up and running soon for our first customer here in the Twin Cities metro!  This is an exciting new venture in carousel controls, and can drastically improve efficiency in your carousel system.  The best part, it works with any and every carousel. Contact us today with more information on this new product!

 

Four days before Christmas, Sam Sterner headed to Rogers, MN to band up another recent purchase of Sturdibuilt pallet rack.  This included 144”x6” and 144”x3.5” Sturdi-Built beams, 48”x10′ Sturdi-Built uprights, and 144”x5” Teardrop beams.  These were brought right down the road to our stock in Winsted, MN.  These are very nice, heavy duty beams available now!

 

The month of January looks to be just as busy for us here at SJF.  Already in the works is truckloads of conveyor leaving Phoenix, AZ; three carousels we purchased in the Twin Cities; a large warehouse full of structural racking in Ohio; and many more projects around the country, so stay tuned!

 

Merry Christmas from SJF

SJF Christmas
Thank you everybody for your support this past year.
We hope you have a wonderful and safe holiday season.
Sincerely,
Stafford, Jim & Frank Sterner – Owners
Craig Fasching, Jason Deiter, Marty Zitzloff, Eric Moen,
Kendal Kalamaha, Vance Haugen, Rich Cihak – Sales
Rhonda Schuler – Shipping/Online Orders
Lori Foster, Ed Salonek – Finance
Kent Powell – Marketing/Web Development
Matt Johnson – Engineering
…and the entire manufacturing, yard and shipping crew that make things happen

Steel Price Updates – December, 2011

US scrap market could be up $20/long ton in December

Steel BeamsSources in the US scrap market tell Steel Business Briefing to expect shredded scrap prices in December to be up at least $20/long ton, reversing a recent downward trend.

“It looks as if December will be up $20-30/l.t for all grades,” said one Mid-Atlantic region scrap dealer. “I don’t know why.”

S-based iron ore miner Cliffs Natural Resources announced Monday that it is cutting production at one of its five iron ore mines by nearly 50 percent, due to a major steelmaking customer shutting off a blast furnace for planned maintenance.

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Steel Price Updates – November, 2011

Steel BeamsScrap drop may not affect already lowered US plate pricing

The falling price of scrap may not lead to a further drop in the US price of plate, as the product has already steadily declined in price over the last six months.

The scrap benchmark price Nucor uses to set its raw material surcharge for longs and plate products dropped $30/long ton earlier this month. Nucor could raise its base price $30/short ton to offset the drop in the surcharge and keep prices flat.

Source: Steel Business Briefing

US scrap export prices to Turkey fall, but rise to the Far East

Turkish mills continue to pressure ex-US scrap prices lower, while scrap export prices from the US to the Far East are beginning to recover.

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