Ridge Corp., which makes fiber reinforced thermoplastics for the transportation industry, said it has acquired trailer-skirt manufacturer Freight Wing. Terms were not disclosed.

Penske Automotive said its first-quarter income and earnings per share were the highest in its history, while Penske Logistics announced it won a bid to manage a BMW distribution center in Pennsylvania.

March trailer orders fell 12.2% from a year ago due to sluggish U.S. economic growth, ACT Research reported, but trailer makers reported continuing healthy order backlogs.

ORLANDO, Fla. — Shippers attending Nasstrac’s annual meeting here stressed the importance of reliability, service and relationships, even as cost remains the top concern.

As tank fleets replace their long-lived trailers, they are turning to vehicles that take advantage of several innovations in recent years to increase strength, reduce weight, resist corrosion and better protect products, according to carriers and manufacturers.

Universal Truckload Services’ first-quarter income fell from a year ago on a change in tax status, the truckload carrier said.

Schneider National Bulk Carriers said it has launched a bulk intermodal transportation service utilizing a new 40-foot tank container that can be used on trucks or trains to haul liquid bulk chemicals across the United States.

Norfolk Southern Corp. and Canadian Pacific reported their first-quarter profit increased but Canadian National said its profit declined.