Dear Transportation Procurement Executive:

Morgan Stanley's Equity Research division is conducting the latest round of its two quarterly freight transportation surveys for industry experts such as you: one for express/parcel shippers and one for railroad, trucking and intermodal shippers. Each survey should take between 5 - 10 minutes of your time, and we will send the summary results of the survey to those individuals who complete it. As a token of appreciation, we also provide you the opportunity to receive our freight transportation research on a complimentary basis for the next year.

Please be assured that we are not trying to sell you anything nor are we trying to get you to change the carriers or the services you currently use. We keep all individual responses strictly confidential. We are not compensated by any carrier to conduct this survey. We do not sell the individual responses nor do we pass them along to third parties. Your participation is voluntary and appreciated and a response to all survey questions is not required.

Please complete the surveys no later than June 29, 2011.

If you are not the transportation procurement executive in your company, please forward this e-mail to that person so that they can begin receiving our freight transportation research on a complimentary basis.


EXPRESS/PARCEL SHIPPERS, please click this link:

If you encounter any difficulties while using the link, please email Peter Marsina (
We thank you in advance for your participation.

William J. Greene Jr., CFA
Managing Director