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J.B. HUNT TRANSPORT FILES FOR OFFERING

 J.B. HUNT TRANSPORT FILES FOR OFFERING
 LOWELL, Ark., Aug. 13 /PRNewswire/ -- J.B. Hunt Transport Services,


Inc. (NASDAQ: JBHT) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed offering of 3,000,000 shares of its common stock. Of the 3,000,000 shares, 2,500,000 are being offered by the company and 500,000 shares are being offered by the company's chairman and founder, Mr. J.B. Hunt. The offering will be underwritten by a syndicate led by Merrill Lynch & Co., Morgan Stanley & Co. Incorporated and Stephens Inc.
 J.B. Hunt intends to use the proceeds of the offering to purchase revenue equipment, primarily newly-designed, multi-purpose containers.
 J.B. Hunt is a diversified transportation company focusing on the movement of full-load containerizable freight in North America. The company primarily operates as an irregular route, dry van truckload carrier transporting general commodities through a combination of traditional truck transportation and an expanding intermodal network through arrangements currently with seven railroads. J.B. Hunt provides service throughout the 48 contiguous states, the Canadian provinces of Quebec, Ontario and British Columbia, and throughout Mexico by contracting with selected Mexican carriers. The company operates 20 terminals strategically located throughout the United States, with its headquarters in Lowell, Ark.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/13/92
 /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: OFR


LR -- NY062 -- 9735 08/13/92 14:52 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
Words:312
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