J.B. Hunt Transport Services (JBHT) 8-K J. B. Hunt Transport Services, Inc. Reports Revenues and Earnings

Exhibit 99.1

J.B. Hunt Transport Services, Inc.	Contact:	David G. Mee
615 J.B. Hunt Corporate Drive		Executive Vice President, Finance/Administration
Lowell, Arkansas 72745		and Chief Financial Officer
(NASDAQ:  JBHT)		(479) 820-8363

FOR IMMEDIATE RELEASE

J. B. HUNT TRANSPORT SERVICES, INC. REPORTS REVENUES AND EARNINGS

FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2009

§	Fourth Quarter 2009 Revenue:	$877 million;  down .3%
§	Fourth Quarter 2009 Operating Income:	$73 million;  down 15%*
§	Fourth Quarter 2009 EPS:	32 cents vs.  41 cents*
§	Full Year 2009 Revenue:	$3.20 billion;  down 14%
§	Full Year 2009 Operating Income:	$248  million;  down 31%*
§	Full Year 2009 EPS:	$1.05 vs. $1.56*
	*4Q 2008 includes a $3.1 million pretax charge to write down the value of certain trailing equipment held for sale.

LOWELL, ARKANSAS, January 27, 2010  -  J. B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced fourth quarter 2009 net earnings of $41.7 million, or diluted earnings per share of  32 cents vs. 2008 fourth quarter earnings of $53.3 million, or  41 cents per diluted share.

Total operating revenue for the current quarter was $877 million compared with $880 million for the fourth quarter 2008.  Intermodal (JBI) volumes increased by approximately 15%, resulting in a small increase in segment revenue, while Integrated Capacity Solution’s (ICS) revenue rose by 11%.  Those increases were offset by declining fuel surcharge revenues in all segments and significantly lower rates. Current quarter operating revenue, excluding fuel surcharges, rose 4%, compared with the same period of 2008.

Operating income for the current quarter declined to $73 million vs. $86 million for the fourth quarter 2008. The decline in current quarter operating income was primarily due to lower rates applicable to significant parts of our business. Compared with the same period of 2008, net interest expense in the current quarter was up $3.4 million, primarily due to a 2008 refund related to a prior period tax settlement.

“While we are disappointed in the decline in earnings, we are encouraged by the expanding connection we see between our business units and how we can leverage our services together for the benefit of our customers. A growing number of shippers are using all of our services as a way to meet all of their supply chain needs.  From utilizing the obvious benefits of our Intermodal service, to professional final mile delivery of their products to the end consumer, our customers are embracing our integrated services.  In 2009, we expanded and solidified our Intermodal services network in the east, continued revenue and services growth in our non-asset ICS segment, implemented a comprehensive, nation-wide cross-dock and delivery system network in the DCS segment and made strides toward right-sizing and stabilizing our Truck segment.

“All of our business segments experienced pricing pressure and resulting margin contraction aggravated by the on-going recession.  The pressure contributed significantly to the decline in earnings for the year.  Prices must increase substantially to ensure a viable transportation industry through adequate returns.  Obtaining acceptable pricing must be the most critical priority for 2010.  We are particularly proud of our employees who have continued to provide uncompromised service and commitment to our customers,” said Kirk Thompson, President and CEO.

The effective income tax rate was 40.7% for the current quarter vs. 35.8% in 2008.  The higher rate was partly related to certain transactions with Transplace, Inc., which were treated as a sale of all interests in this logistics company.  These transactions generated an approximate $3.3 million pretax gain during the current quarter, however, after considering tax affects, the net result is an approximate  $200,000 reduction in net after tax earnings.

Segment Information:

Intermodal (JBI)

§	Fourth quarter 2009 Segment Revenue:	$ 492 million;  up 1%
§	Fourth quarter 2009 Operating Income:	$ 53.7 million;  down 13%

JBI posted volume gains of 15% for the current quarter over fourth quarter 2008.  Volume was consistently strong throughout the current quarter.  Rail service remains excellent and assists in the conversion of over-the-road freight to Intermodal.  Transcontinental volumes grew 13%, while eastern volumes increased 20% over the fourth quarter 2008.  Revenue for the current quarter was up 5%, excluding fuel surcharges.  While rates declined compared with the fourth quarter of 2008, prices for the current quarter showed normal seasonal increases vs. the third quarter 2009.

We continued our focus on cost reductions, while maintaining the high levels of service that allow us to retain and grow business.  Dray costs declined 7% when compared to the same quarter a year ago, reflecting increased driver productivity and the reduction of empty dray miles.  Concentration on protecting our network balance, combined with peak season demand helped reduce empty repositioning moves 8% during the current quarter.  As a result, we were able to perform at an operating ratio of 89.1% for the fourth quarter.  We believe we are well positioned for continued growth in 2010 with 40,170 containers to begin the year.

Dedicated Contract Services (DCS)

§	Fourth quarter 2009 Segment Revenue:	$206 million;  down 2%
§	Fourth quarter 2009 Operating Income:	$19 million;  down 26%

DCS continues to transition to more specialized services. The average truck count at our base business accounts (locations that commenced operations prior to the current calendar year) declined by approximately 25% to 3,443 in the current quarter compared to the same quarter 2008.  Revenue at these accounts declined 25% while revenue, excluding fuel surcharge, declined 23%. The majority of these decreases related to continued proactive fleet reductions designed to match lower customer demand levels.  We have, however, seen a recent 4% increase in the productivity of our trucks at our base business accounts.  We define productivity as revenue, excluding fuel surcharge, per truck, per week. This increase in productivity was partly related to our success in focusing on more specialized services, while winding down our capacity-oriented services.

Base business accounts operated at an approximate 89.6% operating ratio during the current quarter vs. 88.1% in the fourth quarter 2008.  The operating ratio in the current quarter was affected by the time lag between our fuel expense and fuel surcharge recovery. As mentioned previously, this time lag is only temporary and we are confident that our programs protect us over time from rapidly rising fuel costs.  Though we cannot predict the speed or pace of an economic recovery, the rate of truck reductions related to our base accounts was similar during the fourth and third quarters of 2009.

Average truck count in new development accounts (locations that commenced operations subsequent to January 1, 2009) increased in the current quarter by 289 trucks from third quarter 2009, bringing the year to date 2009 average count to 916 for new development. The profitability of these accounts improved from the third quarter, despite incurring approximately $1.5 million of new contract implementation expense.

As of the end of the current quarter, we have on-boarded approximately 93% of the major contracts signed during the first half of 2009.

Truck (JBT)

§	Fourth quarter 2009 Segment Revenue:	$118 million;  down 9%
§	Fourth quarter 2009 Operating Income:	$(1.3) million;  vs. $(4.4) million*

*Includes a $3.1 million pretax charge in 2008 to write down the value of certain assets held for sale

JBT’s on-going efforts in fleet size reduction, network refinement and cost control, coupled with stronger demand in the second half of 2009, combined to produce better results in asset utility.   Utilization improved 16% over the fourth quarter 2008 and 6% over the third quarter 2009.

Despite the improvement in asset utilization, JBT’s profitability is hindered by freight rates that are insufficient to produce acceptable financial results.  Revenue for the current quarter declined 9% compared with the fourth quarter 2008.  Excluding fuel surcharge revenue, revenue declined 7%.  Overall rate per loaded mile, excluding fuel surcharges, decreased significantly compared to the fourth quarter 2008, partially due to a 9% increase in the average length of haul. Spot quote rates per mile declined 11%, excluding fuel surcharges, compared to one year ago.  At the end of the current quarter, our tractor count was 2,861 compared with 3,330 at the end of the same period in 2008.

During the current quarter, bid volume was comparable to the same period in 2008, as some shippers attempted to obtain any remaining price cuts from the market and to lock in rates for extended durations. Demand improved in many parts of the country during what has traditionally been considered the peak season.  Other industry indicators, such as driver availability, recent bankruptcies and deliberate fleet reductions, point to tightening capacity.  The process of reviewing underperforming accounts and freight mix is underway and pricing adjustments are being implemented as required to justify capital reinvestment.

Integrated Capacity Solutions (ICS)

§	Fourth quarter 2009 Segment Revenue:	$67 million;  up 11%
§	Fourth quarter 2009 Operating Income:	$1.7 million;  down 49%

ICS continued to focus on gaining market share and strengthening our position as a third-party provider.  We continue to increase employee count and invest in branch openings in anticipation of growth in 2010 and beyond.  During the current quarter loads, our customer base and third-party carrier base increased 34%, 66% and 31%, respectively, over the comparable period of 2008.  Total employee count rose 16% over this same period.  Current quarter revenue per load decreased 17% from the fourth quarter 2008, due to significant rate pressures and a change in freight mix.

The oversupply of carrier capacity in the market place during the fourth quarter 2008 and the first and second quarters of 2009 resulted in unusually high margins.  As a result of 2009 bids, tightened carrier capacity and competitive pricing, our margins declined precipitously during the current quarter.  Our gross profit (gross revenue less purchased transportation expense) decreased 18% to $9.5 million and gross profit margin decreased to 14.2% in the current quarter from 19.2% in the fourth quarter 2008.

Cash Flow and Capitalization:

At December 31, 2009, we had total debt outstanding of $565 million, compared with $634 million at December 31, 2008 and $626 million at September 30, 2009.

Our net capital expenditures for the full year 2009 approximated $249 million, compared with $211 million in 2008.  The increase in current year net capital spending was primarily due to the acquisition of new Intermodal trailing equipment and capital related to new DCS segment business investments. At December 31, 2009, we had cash and cash equivalents of $7.8 million.

This press release may contain forward-looking statements, which are based on information currently available.  Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2008. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason.  This press release and additional information will be available to interested parties at our web site, www.jbhunt.com.

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Statements of Earnings

(in thousands, except per share data)

(unaudited)

	Three Months Ended December 31
	2009					2008
				% Of					% Of
	Amount			Revenue		Amount			Revenue
Operating revenues, excluding fuel surcharge revenues	$	769,716				$	743,400
Fuel surcharge revenues		107,237					136,387
Total operating revenues		876,953			100.0%		879,787			100.0%
Operating expenses
Rents and purchased transportation		397,061			45.3%		370,485			42.1%
Salaries, wages and employee benefits		209,547			23.9%		207,798			23.6%
Fuel and fuel taxes		79,068			9.0%		85,980			9.8%
Depreciation and amortization		47,491			5.4%		50,354			5.7%
Operating supplies and expenses		37,197			4.2%		38,516			4.4%
Insurance and claims		12,773			1.5%		14,848			1.7%
General and administrative expenses, net of gains		9,326			1.1%		13,036			1.5%
Operating taxes and licenses		7,113			0.8%		8,004			0.9%
Communication and utilities		4,441			0.5%		4,715			0.5%
Total operating expenses		804,017			91.7%		793,736			90.2%
Operating income		72,936			8.3%		86,051			9.8%
Net interest expense		6,790			0.8%		3,394			0.4%
Equity in operations of associated company		(4,075	)		(0.5)%		(390	)		(0.0)%
Earnings before income taxes		70,221			8.0%		83,047			9.4%
Income taxes		28,556			3.3%		29,771			3.4%
Net earnings	$	41,665			4.8%	$	53,276			6.1%
Average diluted shares outstanding		130,092					128,692
Diluted earnings per share	$	0.32				$	0.41

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Statements of Earnings

(in thousands, except per share data)

(unaudited)

	Twelve Months Ended December 31
	2009					2008
				% Of				% Of
	Amount			Revenue		Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	2,877,052				$	3,001,531
Fuel surcharge revenues		326,269					730,412
Total operating revenues		3,203,321			100.0%		3,731,943		100.0%
Operating expenses
Rents and purchased transportation		1,398,109			43.6%		1,479,234		39.6%
Salaries, wages and employee benefits		798,272			24.9%		859,588		23.0%
Fuel and fuel taxes		273,521			8.5%		520,647		14.0%
Depreciation and amortization		189,045			5.9%		202,288		5.4%
Operating supplies and expenses		151,887			4.7%		158,202		4.2%
Insurance and claims		50,797			1.6%		60,772		1.6%
General and administrative expenses, net of gains		47,407			1.5%		41,363		1.1%
Operating taxes and licenses		28,014			0.9%		32,162		0.9%
Communication and utilities		18,298			0.6%		19,269		0.5%
Total operating expenses		2,955,350			92.3%		3,373,525		90.4%
Operating income		247,971			7.7%		358,418		9.6%
Net interest expense		27,359			0.9%		34,447		0.9%
Equity in operations of associated company		(3,456	)		(0.1)%		1,735		0.0%
Earnings before income taxes		224,068			7.0%		322,236		8.6%
Income taxes		87,633			2.7%		121,643		3.3%
Net earnings	$	136,435			4.3%	$	200,593		5.4%
Average diluted shares outstanding		129,462					128,533
Diluted earnings per share	$	1.05				$	1.56

Financial Information By Segment
(in thousands)
(unaudited)
	Three Months Ended December 31
	2009					2008
				% Of					% Of
	Amount			Total		Amount			Total
Revenue
Intermodal	$	491,830			56%	$	487,530			55%
Dedicated		206,440			24%		211,442			24%
Truck		117,890			13%		128,964			15%
Integrated Capacity Solutions		66,838			8%		60,044			7%
Subtotal		882,998			101%		887,980			101%
Intersegment eliminations		(6,045	)		(1)%		(8,193	)		(1)%
Consolidated revenue	$	876,953			100%	$	879,787			100%
Operating income
Intermodal	$	53,699			74%	$	61,948			72%
Dedicated		18,668			26%		25,130			29%
Truck		(1,272	)		(2)%		(4,409	)		(5)%
Integrated Capacity Solutions		1,722			2%		3,377			4%
Other (1)		119			0%		5			0%
Operating income	$	72,936			100%	$	86,051			100%

	Twelve Months Ended December 31
	2009					2008
				% Of					% Of
	Amount			Total		Amount			Total
Revenue
Intermodal	$	1,764,223			55%	$	1,951,670			52%
Dedicated		756,882			24%		926,956			25%
Truck		446,716			14%		676,431			18%
Integrated Capacity Solutions		259,074			8%		209,192			6%
Subtotal		3,226,895			101%		3,764,249			101%
Intersegment eliminations		(23,574	)		(1)%		(32,306	)		(1)%
Consolidated revenue	$	3,203,321			100%	$	3,731,943			100%
Operating income
Intermodal	$	183,377			74%	$	253,913			71%
Dedicated		62,973			25%		92,457			26%
Truck		(11,531	)		(4)%		1,382			0%
Integrated Capacity Solutions		13,103			5%		10,686			3%
Other (1)		49			0%		(20	)		(0)%
Operating income	$	247,971			100%	$	358,418			100%

(1) Includes corporate support activity

Operating Statistics by Segment

(unaudited)

	Three Months Ended December 31
	2009			2008
Intermodal
Loads		252,027			219,637
Average length of haul		1,806			1,831
Revenue per load	$	1,951		$	2,220
Average tractors during the period *		2,312			2,129
Tractors (end of period)
Company-owned		2,303			2,124
Independent contractor		5			4
Total tractors		2,308			2,128
Tractors held for sale		76			-
Total tractors		2,232			2,128
Containers (end of period)		40,170			39,161
Average effective trailing equipment usage		40,006			38,127
Dedicated
Loads		320,804			311,036
Average length of haul		202			227
Revenue per truck per week**	$	3,783		$	3,674
Average trucks during the period***		4,357			4,619
Trucks (end of period)
Company-owned		3,969			4,454
Independent contractor		31			67
Customer-owned (Dedicated operated)		358			101
Total trucks		4,358			4,622
Tractors held for sale		58			-
Total tractors		4,300			4,622
Trailing equipment (end of period)		9,739			9,106
Average effective trailing equipment usage		11,796			12,535
Truck
Loads		126,317			127,630
Average length of haul		511			468
Loaded miles (000)		63,929			59,326
Total miles (000)		74,073			69,051
Average nonpaid empty miles per load		74.9			76.2
Revenue per tractor per week**	$	3,087		$	3,125
Average tractors during the period *		3,035			3,285
Tractors (end of period)
Company-owned		1,698			2,612
Independent contractor		1,163			841
Total tractors		2,861			3,453
Tractors held for sale		-			123
Total tractors		2,861			3,330
Trailers (end of period)		12,550			15,470
Trailers held for sale		288			2,121
Total trailers		12,262			13,349
Average effective trailing equipment usage		10,465			10,897
Integrated Capacity Solutions
Loads		57,887			43,221
Revenue per load	$	1,155		$	1,389
Gross profit margin		14.2	%		19.2	%
Approximate number of third-party carriers (end of period)		22,400			17,160
* Includes company-owned and independent contractor tractors
** Using weighted workdays
*** Includes company-owned, independent contractor, and customer-owned trucks

Operating Statistics by Segment
(unaudited)
	Twelve Months Ended December 31
	2009			2008
Intermodal
Loads		915,413			837,575
Average length of haul		1,796			1,843
Revenue per load	$	1,927		$	2,330
Average tractors during the period *		2,206			2,020
Tractors (end of period)
Company-owned		2,303			2,124
Independent contractor		5			4
Total tractors		2,308			2,128
Tractors held for sale		76			-
Total tractors		2,232			2,128
Containers (end of period)		40,170			39,161
Average effective trailing equipment usage		37,182			35,678
Dedicated
Loads		1,209,055			1,321,473
Average length of haul		207			227
Revenue per truck per week**	$	3,384		$	3,842
Average trucks during the period***		4,382			4,716
Trucks (end of period)
Company-owned		3,969			4,454
Independent contractor		31			67
Customer-owned (Dedicated operated)		358			101
Total trucks		4,358			4,622
Tractors held for sale		58			-
Total tractors		4,300			4,622
Trailing equipment (end of period)		9,739			9,106
Average effective trailing equipment usage		12,136			12,762
Truck
Loads		498,426			622,002
Average length of haul		486			478
Loaded miles (000)		241,281			292,430
Total miles (000)		279,589			334,931
Average nonpaid empty miles per load		73.8			68.7
Revenue per tractor per week**	$	2,809		$	3,522
Average tractors during the period*		3,120			3,752
Tractors (end of period)
Company-owned		1,698			2,612
Independent contractor		1,163			841
Total tractors		2,861			3,453
Tractors held for sale		-			123
Total tractors		2,861			3,330
Trailers (end of period)		12,550			15,470
Trailers held for sale		288			2,121
Total trailers		12,262			13,349
Average effective trailing equipment usage		10,177			11,758
Integrated Capacity Solutions
Loads		237,378			140,481
Revenue per load	$	1,091		$	1,489
Gross profit margin		17.9	%		16.5	%
Approximate number of third-party carriers (end of period)		22,400			17,160
* Includes company-owned and independent contractor tractors
** Using weighted workdays
*** Includes company-owned, independent contractor, and customer-owned trucks

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

	December 31, 2009		December 31, 2008
ASSETS
Current assets:
Cash and cash equivalents	$	7,843	$	2,373
Accounts Receivable		310,339		280,614
Assets held for sale		3,192		17,843
Prepaid expenses and other		71,091		95,457
Total current assets		392,465		396,287
Property and equipment		2,192,947		2,169,893
Less accumulated depreciation		748,276		783,363
Net property and equipment		1,444,671		1,386,530
Other assets		19,778		10,636
	$	1,856,914	$	1,793,453
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Current debt	$	-	$	118,500
Trade accounts payable		191,347		196,059
Claims accruals		18,545		18,095
Accrued payroll		34,651		33,156
Other accrued expenses		14,170		31,995
Deferred income taxes		10,505		10,083
Total current liabilities		269,218		407,888
Long-term debt		565,000		515,000
Other long-term liabilities		35,581		30,490
Deferred income taxes		343,262		311,064
Stockholders' equity		643,853		529,011
	$	1,856,914	$	1,793,453

Supplemental Data

(unaudited)

	December 31, 2009		December 31, 2008
Actual shares outstanding at end of period (000)		127,242		126,062
Book value per actual share outstanding at end of period	$	5.06	$	4.20

	Twelve Months Ended December 31
	2009		2008
Net cash provided by operating activities (000)	$	362,563	$	505,146
Net capital expenditures (000)	$	249,473	$	210,881