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Technology Briefs April 3 - April 9

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April 9, 2007

Chinese Truck Maker Plans Overseas Public Listing

A Chinese truck company plans to transfer its entire stake in its China-based unit to a Hong Kong-based subsidiary in an $845 million deal, paving the way for an overseas listing of that countrys third-largest truck marker, Bloomberg reported.

April 9, 2007

Pacer Sets Debt-Removal Plan

Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.

April 9, 2007

Daimler Sets Dealer Initiative

DaimlerChrysler Truck Financial announced a regional initiative Monday that it said will improve service to its Freightliner, Sterling and Western Star dealers in the United States and Canada.

April 9, 2007

Diesel Jumps 11.4瞽 to $2.79 a Gallon

The average retail price of diesel fuel jumped 11.4 cents to $2.79 a gallon, the largest one-week jump in 18 months, the Energy Department reported.

April 9, 2007

Greenhouse Ruling Could Raise Costs

The Supreme Courts ruling that the EPA must reconsider its position to leave greenhouse gas emissions from motor vehicles unregulated could lead to increased costs for trucking companies.

April 9, 2007

Tire Makers Raising Prices

At least five major tire manufacturers said they are raising prices on their medium- and heavy-duty truck tires by 3% to 5%, with most citing the rising cost of raw materials as the reason.

April 9, 2007

Diesel Climbs 5瞽 to $2.84

The average pump price of diesel fuel continued to rise Monday, climbing another nickel following last weeks 11.4-cent jump to $2.84 a gallon, the Department of Energy reported.

April 10, 2007

FedEx Buys Air Cargo Firm

FedEx Corp. said Friday that it signed an agreement to acquire Hungarian air cargo company Flying-Cargo Hungary Kft.

April 6, 2007