Morgan Stanley index shows a flattening of the pace of increasing tightness in TL dry van capacity    

Morgan Stanley's dry van truckload freight index indicates some dampening in the rapid rise of tight capacity. While capacity is still tighter than normal capacity for this time of year, the index has leveled off and even dropped a little in the last few weeks. The early Q2 index remains above the trucking boom years of 2004 and 2005. Capacity is also 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.