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J. B. HUNT TRANSPORT SERVICES REPORTS REVENUES AND EARNINGS FOR FOURTH QUARTER 1991

 J. B. HUNT TRANSPORT SERVICES REPORTS REVENUES
 AND EARNINGS FOR FOURTH QUARTER 1991
 LOWELL, Ark., Feb. 4 /PRNewswire/ -- J. B. Hunt Transport Services, Inc. (NASDAQ-NMS: JBHT) announced revenues and earnings for the fourth quarter and year ended Dec. 31, 1991.
 Consolidated revenues for the fourth quarter totaled $199.0 million, up 25 percent over the $159.4 million for the fourth quarter of 1990. Net earnings for the quarter amounted to $8.9 million, or 38 cents per share, compared to $6.8 million, or 29 cents, in 1990. Earnings per share for both periods are based upon 23,212,550 and 23,125,725 weighted average number of common shares outstanding, respectively, and do not reflect a three-for-two stock split to be paid on March 13, 1992.
 Revenues for the year ended Dec. 31, 1991, increased 27 percent to $734.3 million from $579.8 million for 1990. Net earnings for 1991 were $30.1 million, or $1.30 per share, compared to $30.0 million, or $1.28 per share for 1990. Earnings per share for both years are based upon 23,126,307 and 23,491,232 weighted average number of common shares outstanding, respectively, and do not reflect a three-for-two stock split to be paid on March 13, 1992.
 Revenue increases for the fourth quarter and the year reflect continued growth of all business segments, particularly intermodal transportation services, as well as growth of the flatbed and special commodities divisions, which commenced operations in 1991.
 J. B. HUNT TRANSPORT SERVICES, INC.
 CONSOLIDATED STATEMENTS OF EARNINGS
 (In thousands, except per share data -- Unaudited)
 Three Months Year
 Periods ended Dec. 31; 1991 1990 1991 1990
 Operating revenues $199,029 $159,378 $734,313 $579,831
 Operating expenses:
 Salaries, wages & benefits 74,843 65,530 293,390 239,956
 Fuel and fuel taxes 32,729 33,770 119,600 100,175
 Operating supplies & expenses 15,767 14,157 59,006 51,365
 Vehicle rents & purchased
 transportation 19,025 1,081 51,180 4,034
 Communication & utilities 2,608 2,053 10,314 8,034
 Operating taxes & licenses 5,718 4,866 21,829 18,506
 Insurance & claims 9,041 8,003 34,210 31,128
 Depreciation & amortization 17,342 13,514 69,111 56,348
 General & administrative 4,685 2,891 15,223 13,425
 Total operating expenses 181,758 145,865 673,863 522,971
 Operating income 17,271 13,513 60,450 56,860
 Interest expense 2,541 2,313 10,732 7,193
 Earnings before income taxes 14,730 11,200 49,718 49,667
 Income taxes 5,796 4,425 19,639 19,619
 Net earnings $ 8,934 $ 6,775 $ 30,079 $ 30,048
 Common shares outstanding(A) 23,213 23,126 23,126 23,491
 Earnings per share(A) $ 0.38 $ 0.29 $ 1.30 $ 1.28
 (A) -- Does not reflect three-for-two stock split to be paid on
 March 13, 1992.
 -0- 2/4/92
 /CONTACT: Kirk Thompson, president and chief executive officer of J. B. Hunt Transport Services, 501-820-8110/
 (JBHT) CO: J.B. Hunt Transport Services, Inc. ST: Arkansas IN: TRN SU: ERN


JT -- NY049 -- 6646 02/04/92 11:29 EST
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Date:Feb 4, 1992
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