J.B. Hunt Transport Services (JBHT) 8-K J. B. Hunt Transport Services, Inc. Reports Revenues and Earnings for the Third Quarter 2012

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 THIRD QUARTER 2012

§	Third Quarter 2012 Revenue:	$	1.3 billion; up 11%
§	Third Quarter 2012 Operating Income:	$	133 million; up 12%
§	Third Quarter 2012 EPS:		65 cents vs. 57 cents

LOWELL, ARKANSAS, October 11, 2012 - J. B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced third quarter 2012 net earnings of $78.2 million, or diluted earnings per share of 65 cents vs. third quarter 2011 net earnings of $68.7million, or 57 cents per diluted share.

Total operating revenue for the current quarter was $1.3billion, compared with $1.17 billion for the third quarter 2011.  Load growth of 15% in Intermodal (JBI) and 38% in Integrated Capacity Solutions (ICS) helped drive 15% and 30% increases in segment revenue, respectively.  Dedicated Contract Services (DCS) segment increased operating revenue by only 1% primarily driven by the start up of new accounts occurring later than expected, while Truck (JBT) segment revenue declined primarily due to operating approximately 9% fewer trucks.  Current quarter total operating revenue, excluding fuel surcharges, increased 10.5% vs. the comparable quarter 2011.

Operating income for the current quarter totaled $133 million vs. $119 million for the third quarter 2011, as positive results from load growth and improved network balance in JBI and load growth in ICS were partially offset by cost pressures experienced in DCS and JBT.

Net earnings rose 14% to $78.2 million in the current quarter from $68.7million in 2011, primarily due to the growth of revenue, slightly less interest expense and a slightly lower tax rate. The effective income tax rate for the quarter was in 38.25% in 2012 and 38.5% in 2011.

Segment Information:

Intermodal (JBI)

§ Third Quarter 2012 Segment Revenue: $794 million; up 15%

§ Third Quarter 2012 Operating Income: $97.9million; up 25%  

JBI segment revenue grew 15% on load volume that increased a similar 15% over the third quarter of 2011.  Eastern network load growth and transcontinental load growth were 22% and 11%, respectively, primarily from the continued customer conversion of highway traffic to intermodal.  The combination of traffic mix, customer rate increases and changes in fuel surcharges kept revenue per load virtually flat compared to a year ago.

Operating income increased 25% over the prior year.  Positive results from steady load growth, improved container utilization and drayage efficiencies contributed to better overall network balance.  Cost increases in rail purchase transportation and from shortages in the available driver market partially offset the benefits of improved operations.

Dedicated Contract Services (DCS)

§ Third Quarter 2012 Segment Revenue: $273million; up 1%

§ Third Quarter 2012 Operating Income: $25.6million; down 14%

DCS revenue increased 1% during the current quarter while revenue excluding fuel surcharges also increased 1%.  Productivity (revenue per truck per week) decreased approximately 2% vs. 2011.  New accounts provided a net additional 338 revenue producing trucks over the same period 2011.

Operating income decreased by 14% from a year ago primarily related to implementation costs incurred during the current quarter from several new customer accounts starting during the past four months.  These implementation costs include, but are not limited to, significant efforts in driver hiring due to shortened lead times for contract start dates, personnel travel and relocation costs, equipment repositioning and costs to establish necessary telecommunications and operational system infrastructure.  In addition to the higher implementation costs incurred during the quarter, safety, worker’s compensation and employee health care costs were a combined 15% higher than same quarter 2011.

Integrated Capacity Solutions (ICS)

· Third Quarter 2012 Segment Revenue: $121 million; up 30%

· Third Quarter 2012 Operating Income: $5.5million; up 43%

ICS revenue increased 30% in the current quarter, mostly due to a 38% increase in load volume compared to third quarter 2011.  Both transactional and contractual business realized increased volumes, however, contractual business grew at a faster pace to become 64% of total volumes vs. 56% in third quarter 2011.

Operating income increased 43% over the same period 2011, primarily due to higher operating revenue and improved productivity from a more experienced workforce.  Gross profit margin decreased to 12.8% in the current quarter vs. 13.5% last year.  While there was some volatility in the market during the current quarter, customer demand remained relatively constant and purchased transportation costs were higher from a generally tighter supply of qualified transportation providers compared to a year ago.  Our carrier base increased 12% and our employee count increased 16% vs. third quarter 2011.

Truck (JBT)

§ Third Quarter 2012 Segment Revenue: $117 million; down 8%

§ Third Quarter 2012 Operating Income: $4million; down 41%

JBT revenue decreased 8% from the same period in 2011 on an approximate 9% reduction in fleet size.  Revenue excluding fuel surcharges decreased 7%.  Rates per mile, excluding fuel surcharge, increased 5.9% due largely to freight mix changes, spot pricing, and temporary customer fleet activity related to one-time weather events.  Rates from consistent shippers increased 2.6% compared to same quarter a year ago.  At the end of the period, JBT operated 2,381 tractors compared to 2,605 a year ago.

Operating income decreased 41% compared to third quarter 2011 as improved rates were not sufficient to offset lower utilization and increases in empty miles, employee health care costs, driver wages, and costs to attract independent contractors.

Cash Flow and Capitalization:

At September 30, 2012, we had a total of $645 million outstanding on various debt instruments compared to $768 million at September 30, 2011 and $749 million at December 31, 2011.

Our net capital expenditures for the nine months ended September 30, 2012 approximated $279 million compared to $324 million for the same period 2011.  At September 30, 2012, we had cash and cash equivalents of $5.7 million compared to $7.7 million at September 30, 2011.

We did not purchase any shares of our common stock during the quarter.  At September 30, 2012 we had approximately $503 million remaining under two separate share repurchase authorities.  Actual shares outstanding at September 30, 2012 approximated 118.3 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, 2011. 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 immediately to interested parties on 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 September 30
	2012					2011
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	1,046,769				$	947,381
Fuel surcharge revenues		249,023					223,889
Total operating revenues		1,295,792		100.0	%		1,171,270		100.0	%
Operating expenses
Rents and purchased transportation		646,049		49.9	%		552,509		47.2	%
Salaries, wages and employee benefits		260,911		20.1	%		255,982		21.9	%
Fuel and fuel taxes		114,694		8.9	%		117,779		10.1	%
Depreciation and amortization		57,773		4.5	%		54,404		4.6	%
Operating supplies and expenses		48,281		3.7	%		43,164		3.7	%
Insurance and claims		13,745		1.1	%		11,042		0.9	%
General and administrative expenses, net of asset dispositions		9,369		0.6	%		6,114		0.5	%
Operating taxes and licenses		7,451		0.6	%		7,095		0.6	%
Communication and utilities		4,467		0.3	%		4,501		0.4	%
Total operating expenses		1,162,740		89.7	%		1,052,590		89.9	%
Operating income		133,052		10.3	%		118,680		10.1	%
Net interest expense		6,346		0.5	%		7,145		0.6	%
Earnings before income taxes		126,706		9.8	%		111,535		9.5	%
Income taxes		48,465		3.8	%		42,885		3.6	%
Net earnings	$	78,241		6.0	%	$	68,650		5.9	%
Average diluted shares outstanding		120,281					121,126
Diluted earnings per share	$	0.65				$	0.57

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Statements of Earnings

(in thousands, except per share data)

(unaudited)

	Nine Months Ended September 30
	2012					2011
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	2,990,971				$	2,703,670
Fuel surcharge revenues		725,873					618,235
Total operating revenues		3,716,844		100.0	%		3,321,905		100.0	%
Operating expenses
Rents and purchased transportation		1,818,890		48.9	%		1,542,901		46.4	%
Salaries, wages and employee benefits		766,820		20.6	%		743,470		22.4	%
Fuel and fuel taxes		348,332		9.4	%		347,030		10.4	%
Depreciation and amortization		170,120		4.6	%		158,312		4.8	%
Operating supplies and expenses		133,632		3.6	%		120,789		3.6	%
Insurance and claims		37,385		1.0	%		32,531		1.0	%
General and administrative expenses, net of asset dispositions		19,718		0.5	%		20,511		0.7	%
Operating taxes and licenses		21,916		0.6	%		20,626		0.6	%
Communication and utilities		13,166		0.4	%		13,789		0.4	%
Total operating expenses		3,329,979		89.6	%		2,999,959		90.3	%
Operating income		386,865		10.4	%		321,946		9.7	%
Net interest expense		20,263		0.5	%		22,286		0.7	%
Earnings before income taxes		366,602		9.9	%		299,660		9.0	%
Income taxes		140,225		3.8	%		115,219		3.4	%
Net earnings	$	226,377		6.1	%	$	184,441		5.6	%
Average diluted shares outstanding		120,022					122,784
Diluted earnings per share	$	1.89				$	1.50

Financial Information By Segment

(in thousands)

(unaudited)

	Three Months Ended September 30
	2012						2011
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	793,759			62	%	$	691,283			59	%
Dedicated		272,624			21	%		268,752			23	%
Truck		116,699			9	%		127,133			11	%
Integrated Capacity Solutions		121,268			9	%		93,163			8	%
Subtotal		1,304,350			101	%		1,180,331			101	%
Intersegment eliminations		(8,558	)		(1	%)		(9,061	)		(1	%)
Consolidated revenue	$	1,295,792			100	%	$	1,171,270			100	%
Operating income
Intermodal	$	97,943			74	%	$	78,388			66	%
Dedicated		25,592			19	%		29,726			25	%
Truck		4,006			3	%		6,816			6	%
Integrated Capacity Solutions		5,496			4	%		3,844			3	%
Other (1)		15			0	%		(94	)		(0	%)
Operating income	$	133,052			100	%	$	118,680			100	%

	Nine Months Ended September 30
	2012						2011
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	2,249,918			61	%	$	1,944,160			59	%
Dedicated		795,786			21	%		771,374			23	%
Truck		371,035			10	%		376,204			11	%
Integrated Capacity Solutions		327,814			9	%		256,936			8	%
Subtotal		3,744,553			101	%		3,348,674			101	%
Intersegment eliminations		(27,709	)		(1	%)		(26,769	)		(1	%)
Consolidated revenue	$	3,716,844			100	%	$	3,321,905			100	%
Operating income
Intermodal	$	270,742			70	%	$	217,557			68	%
Dedicated		86,939			22	%		75,731			23	%
Truck		17,731			5	%		19,595			6	%
Integrated Capacity Solutions		11,516			3	%		9,037			3	%
Other (1)		(63	)		(0	%)		26			0	%
Operating income	$	386,865			100	%	$	321,946			100	%

(1) Includes corporate support activity

Operating Statistics by Segment

(unaudited)

	Three Months Ended September 30
	2012			2011
Intermodal
Loads		368,709			320,889
Average length of haul		1,697			1,723
Revenue per load	$	2,153		$	2,154
Average tractors during the period *		3,522			3,057
Tractors (end of period)
Company-owned		3,134			2,896
Independent contractor		413			202
Total tractors		3,547			3,098
Net change in trailing equipment during the period		1,901			1,733
Trailing equipment (end of period)		57,913			51,922
Average effective trailing equipment usage		56,088			50,394
Dedicated
Loads		395,912			375,666
Average length of haul		198			206
Revenue per truck per week**	$	4,146		$	4,212
Average trucks during the period***		5,153			4,917
Trucks (end of period)
Company-owned		4,819			4,559
Independent contractor		15			16
Customer-owned (Dedicated operated)		410			331
Total trucks		5,244			4,906
Trailing equipment (end of period)		13,176			11,206
Average effective trailing equipment usage		14,555			12,849
Truck
Loads		109,268			111,525
Average length of haul		462			508
Loaded miles (000)		49,885			56,448
Total miles (000)		58,313			64,772
Average nonpaid empty miles per load		77.4			73.8
Revenue per tractor per week**	$	3,783		$	3,825
Average tractors during the period *		2,406			2,569
Tractors (end of period)
Company-owned		1,425			1,640
Independent contractor		956			965
Total tractors		2,381			2,605
Trailers (end of period)		9,095			9,141
Average effective trailing equipment usage		7,982			7,975
Integrated Capacity Solutions
Loads		90,009			65,377
Revenue per load	$	1,347		$	1,425
Gross profit margin		12.8	%		13.5	%
Employee count (end of period)		428			369
Approximate number of third-party carriers (end of period)		31,400			28,100

* Includes company-owned and independent contractor tractors

** Using weighted workdays

*** Includes company-owned, independent contractor, and customer-owned trucks

Operating Statistics by Segment

(unaudited)

	Nine Months Ended September 30
	2012			2011
Intermodal
Loads		1,047,641			915,302
Average length of haul		1,696			1,726
Revenue per load	$	2,148		$	2,124
Average tractors during the period *		3,362			2,863
Tractors (end of period)
Company-owned		3,134			2,896
Independent contractor		413			202
Total tractors		3,547			3,098
Net change in trailing equipment during the period		3,407			6,256
Trailing equipment (end of period)		57,913			51,922
Average effective trailing equipment usage		53,578			48,463
Dedicated
Loads		1,114,939			1,089,807
Average length of haul		203			203
Revenue per truck per week**	$	4,145		$	4,177
Average trucks during the period***		4,978			4,777
Trucks (end of period)
Company-owned		4,819			4,559
Independent contractor		15			16
Customer-owned (Dedicated operated)		410			331
Total trucks		5,244			4,906
Trailing equipment (end of period)		13,176			11,206
Average effective trailing equipment usage		13,615			12,791
Truck
Loads		344,672			330,958
Average length of haul		472			516
Loaded miles (000)		160,987			169,298
Total miles (000)		187,024			193,857
Average nonpaid empty miles per load		75.8			72.3
Revenue per tractor per week**	$	3,866		$	3,839
Average tractors during the period*		2,494			2,544
Tractors (end of period)
Company-owned		1,425			1,640
Independent contractor		956			965
Total tractors		2,381			2,605
Trailers (end of period)		9,095			9,141
Average effective trailing equipment usage		8,072			8,077
Integrated Capacity Solutions
Loads		232,259			189,077
Revenue per load	$	1,411		$	1,359
Gross profit margin		12.5	%		13.4	%
Employee count (end of period)		428			369
Approximate number of third-party carriers (end of period)		31,400			28,100

* 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)

	September 30, 2012		December 31, 2011
ASSETS
Current assets:
Cash and cash equivalents	$	5,659	$	5,450
Accounts Receivable		504,252		411,479
Prepaid expenses and other		53,346		96,613
Total current assets		563,257		513,542
Property and equipment		2,862,385		2,658,143
Less accumulated depreciation		1,013,932		931,273
Net property and equipment		1,848,453		1,726,870
Other assets		26,632		26,920
	$	2,438,342	$	2,267,332
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Current debt	$	100,000	$	50,000
Trade accounts payable		328,757		251,625
Claims accruals		48,194		42,364
Accrued payroll		58,315		77,107
Other accrued expenses		13,409		17,419
Total current liabilities		548,675		438,515
Long-term debt		544,904		699,177
Other long-term liabilities		46,849		45,382
Deferred income taxes		516,724		516,715
Stockholders' equity		781,190		567,543
	$	2,438,342	$	2,267,332

Supplemental Data

(unaudited)

	September 30, 2012		December 31, 2011
Actual shares outstanding at end of period (000)		118,258		116,932
Book value per actual share outstanding at end of period	$	6.61	$	4.85

	Nine Months Ended September 30
	2012		2011
Net cash provided by operating activities (000)	$	417,339	$	488,209
Net capital expenditures (000)	$	279,037	$	324,266