Dry van capacity-demand balance is about average for this time of year   

Morgan Stanley's dry van truckload freight index indicates capacity has leveled off somewhat in recent weeks and is at about the 15-year average for this time of year. Dry van capacity is considerably tighter that at this time last year. Capacity had been more readily available than 2010 since the lines crossed in April, but now they have crossed again. Our view is that unless the economy recovers and we experience a fall peak shipping season, we are not likely to see tight capacity for the balance of 2011. 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.

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