Morgan Stanley dry van index indicates van capacity is tighter than Q2 of 2010   

Morgan Stanley's dry van truckload freight index indicates tighter than normal capacity for this time of year. The Q1 index has now risen well above the trucking boom years of 2004 and 2005. Capacity is slightly tighter than Q2 2010, when capacity was getting tight and spot market prices were rising. The index measures incremental demand for dry-van truckload services compared to incremental supply. The higher the index the tighter is capacity relative to demand when compared to a prior period. While capacity is not overly tight at this time, TL capacity is tightening sooner than we had expected.

Graph reproduced with permission from Morgan Stanley. For more information contact: Adam Longson at Adam.Longson@morganstanley.com or Bill Green at William.Greene@morganstanley.com