** Morgan Stanley raises PT on Old Dominion Freight Line ODFL.O, J.B. Hunt Transport JBHT.O, Knight-Swift Transportation KNX.N and C.H. Robinson Worldwide CHRW.O

** Brokerage expects freight rates to strengthen, supported by ongoing supply constraints and a recovering demand environment

** Says, however, clearer visibility on the cycle's peak may not emerge until late 2027 or 2028, as it remains uncertain whether supply constraints will make rate gains more durable and sustainable