J.B. Hunt Transport Services (JBHT) 8-K Results of Operations and Financial Condition

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

FORIMMEDIATERELEASE

J.B. HUNT TRANSPORT SERVICES, INC. REPORTS EARNINGS FOR THE SECOND QUARTER 2015 AND UPDATES FULL YEAR 2015 EXPECTATIONS

■	SecondQuarter2015Revenue:	$1.54billion;down 0.5%
■	SecondQuarter2015OperatingIncome:	$174 million;up9%
■	SecondQuarter2015EPS:	88 centsvs.79cents

LOWELL, ARKANSAS, July 17, 2015 - J.B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced second quarter 2015 net earnings of $103.4 million, or diluted earnings per share of 88 cents vs. second quarter 2014 net earnings of $93.4 million, or 79 cents per diluted share.

Total operating revenue for the current quarter was $1.54 billion, compared with $1.55 billion for the second quarter 2014. Customer rate increases across all business units, load growth of 2% in Intermodal (JBI), a 6% increase in revenue producing trucks in Dedicated Contract Services (DCS) and load growth of 12% in Integrated Capacity Solutions (ICS) could not offset the decrease in fuel surcharge revenue, sluggish consumer freight demand and lower equipment utilization in our Truck (JBT) business segment resulting in flat consolidated revenue compared to prior year. Current quarter total operating revenue, excluding fuel surcharges, increased 7% vs. the comparable quarter 2014.

Operating income for the current quarter totaled $174 million vs. $159 million for the second quarter 2014. The increase in operating income was primarily from customer rate increases, less reliance on outsourced JBI drayage and DCS capacity coverage, load growth, freight mix changes and improved equipment fuel economy. The operating income increase was partially offset by an approximate $14.1 million charge for corporate wide streamlining and technology redevelopment costs, the benefits of which are expected to be realized over the next two fiscal years, lower box turns from slower train velocities, higher driver recruiting and retention costs, higher workers’ compensation costs and increased toll costs compared to second quarter 2014.

Interest expense in the current quarter decreased due to lower overall debt levels from the same period last year. The second quarter 2014 reflected the accelerated payment of $100 million of 6.08% fixed rate senior notes that would have matured in July 2014. The effective income tax rate for the quarter was 38.10% for both second quarter 2015 and 2014. The 2015 annual tax rate is expected to be approximately 38.10%.

The Company also posted revised full year 2015 Financial Expectations on its website under the Investors tab atwww.jbhunt.com.

SegmentInformation:

Intermodal (JBI)
■SecondQuarter2015SegmentRevenue:	$905 million;down3%
■ SecondQuarter2015OperatingIncome:	$118.6million;up5%

Overall volumes increased 2% over the same period in 2014. Eastern network realized load growth of 3% and Transcontinental loads grew 1% over the second quarter 2014. The lingering effects of disruptive shipping patterns due to the west coast port issues, slow rail service recovery and a softer consumer driven freight demand all contributed to slower load volume growth. Revenue decreased 3% reflecting the 2% volume growth and an approximate 4.5% decrease in revenue per load, which is the combination of changes in customer rate, freight mix and fuel surcharges. Revenue per load excluding fuel surcharge increased approximately 4% over second quarter 2014.

Operating income increased 5% over prior year. Benefits from rate increases, reduced reliance on outsourced dray carriers, lower insurance and cargo claim costs and lower fleet maintenance costs were partially offset by approximately $6.4 million in corporate wide streamlining and technology redevelopment costs, increases in rail purchased transportation rates and slower rail service recovery that negatively impacted the network fluidity and decreased box turns. The current period ended with approximately 76,300 units of trailing capacity and 4,900 power units in the dray fleet.

DedicatedContractServices(DCS)
■ SecondQuarter2015SegmentRevenue:	$367million;up5%
■ SecondQuarter2015OperatingIncome:	$40.6million; up 34%

DCS revenue increased 5% during the current quarter over the same period in 2014. Productivity (revenue per truck per week) decreased by approximately 1% vs. 2014 primarily from lower fuel surcharge revenue. Productivity excluding fuel surcharge increased 5% from a year ago primarily from customer rate increases and increased customer demand. A net additional 413 revenue producing trucks, approximately 58% representing private fleet conversions versus traditional dedicated capacity services, were in the fleet by the end of the quarter compared to prior year primarily from new contract implementations in the current and prior periods. Customer retention rates remain above 96% as value driven services continue to support necessary rate increases.

Operating income increased by 34% from a year ago. Revenues from new accounts, higher productivity excluding fuel surcharge, less reliance on third party carrier capacity and lower equipment maintenance costs were partially offset with approximately $2.6 million in corporate wide streamlining and technology redevelopment costs and higher driver wages and recruiting costs.

IntegratedCapacitySolutions(ICS)
■SecondQuarter2015SegmentRevenue:	$174million;up 0.6%
■SecondQuarter2015OperatingIncome:	$4.9million; down 21%

ICS revenue was flat compared to the second quarter 2014. Volumes increased 12% while revenue per load decreased 10%, primarily from lower fuel prices and less transactional customer demand versus second quarter 2014. Contractual volumes increased 32% to approximately 70% of total load volume and 62% of total revenue compared to 60% and 52%, respectively, in second quarter 2014.

Operating income decreased 21% over the same period 2014. Gross profit margin increased to 15.2% in the current quarter vs. 12.7% last year. Improvements in gross profit margin were offset by approximately $4.4 million in corporate wide streamlining and technology redevelopment costs and higher personnel costs as the total branch count increased to 31 from 26 compared to second quarter 2014. The carrier base increased 17% and the employee count increased 18% vs. second quarter 2014.

Truck(JBT)
■SecondQuarter2015SegmentRevenue:	$98million; down 3.5%
■SecondQuarter2015OperatingIncome:	$9.7 million;up 3%

JBT revenue for the current quarter was down 3.5% compared to the same period in 2014. Revenue excluding fuel surcharges increased 2%, primarily from increased truck count and core rate increases of approximately 6.5% partially offset by less spot activity and lower utilization per tractor. At the end of the period, JBT operated 2,073 tractors compared to 1,860 a year ago.

Operating income increased 3% compared to the same quarter 2014. Favorable changes in core rates, increased truck count, lower equipment maintenance costs and improved fuel economy were partially offset by increased driver and independent contractor costs per mile, increased driver hiring costs, approximately $2.6 million of lower equipment gains and approximately $700,000 in corporate wide streamlining and technology redevelopment costs compared to second quarter 2014.

CashFlowandCapitalization:

At June 30, 2015, we had a total of $893 million outstanding on various debt instruments compared to $874 million at June 30, 2014 and $934 million at December 31, 2014.

Our net capital expenditures for the six months ended June 30, 2015 approximated $319 million compared to $353 million for the same period 2014. At June 30, 2015, we had cash and cash equivalents of $5.6 million.

We purchased approximately 331,000 shares of our common stock during the quarter for $28 million. At June 30, 2015 we had approximately $179 million remaining under our share repurchase authorization. Actual shares outstanding at June 30, 2015 approximated 116.3 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, 2014. 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 June 30
	2015					2014
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	1,360,631				$	1,268,636
Fuel surcharge revenues		179,326					279,231
Total operating revenues		1,539,957		100.0	%		1,547,867		100.0	%
Operating expenses
Rents and purchased transportation		730,851		47.5	%		775,485		50.1	%
Salaries, wages and employee benefits		348,277		22.6	%		320,016		20.7	%
Fuel and fuel taxes		84,891		5.5	%		116,999		7.6	%
Depreciation and amortization		83,661		5.4	%		71,726		4.6	%
Operating supplies and expenses		56,718		3.7	%		58,173		3.8	%
Insurance and claims		18,207		1.2	%		19,886		1.3	%
General and administrative expenses, net of asset dispositions		27,670		1.8	%		11,547		0.7	%
Operating taxes and licenses		10,734		0.7	%		9,650		0.6	%
Communication and utilities		5,213		0.3	%		5,155		0.3	%
Total operating expenses		1,366,222		88.7	%		1,388,637		89.7	%
Operating income		173,735		11.3	%		159,230		10.3	%
Net interest expense		6,661		0.5	%		8,329		0.6	%
Earnings before income taxes		167,074		10.8	%		150,901		9.7	%
Income taxes		63,655		4.1	%		57,493		3.7	%
Net earnings	$	103,419		6.7	%	$	93,408		6.0	%
Average diluted shares outstanding		117,811					118,541
Diluted earnings per share	$	0.88				$	0.79

J.B. HUNT TRANSPORT SERVICES, INC.                

Condensed Consolidated Statements of Earnings                

(in thousands, except per share data)

(unaudited)

	Six Months Ended June 30
	2015					2014
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	2,624,541				$	2,420,985
Fuel surcharge revenues		355,596					533,789
Total operating revenues		2,980,137		100.0	%		2,954,774		100.0	%
Operating expenses
Rents and purchased transportation		1,424,535		47.8	%		1,480,900		50.1	%
Salaries, wages and employee benefits		678,786		22.8	%		624,410		21.1	%
Fuel and fuel taxes		166,704		5.6	%		236,949		8.0	%
Depreciation and amortization		165,038		5.5	%		140,693		4.8	%
Operating supplies and expenses		107,199		3.6	%		108,961		3.7	%
Insurance and claims		35,635		1.2	%		35,718		1.2	%
General and administrative expenses, net of asset dispositions		41,606		1.4	%		21,470		0.7	%
Operating taxes and licenses		20,822		0.7	%		18,623		0.6	%
Communication and utilities		10,857		0.4	%		10,513		0.4	%
Total operating expenses		2,651,182		89.0	%		2,678,237		90.6	%
Operating income		328,955		11.0	%		276,537		9.4	%
Net interest expense		13,364		0.4	%		14,710		0.5	%
Earnings before income taxes		315,591		10.6	%		261,827		8.9	%
Income taxes		120,240		4.0	%		99,756		3.4	%
Net earnings	$	195,351		6.6	%	$	162,071		5.5	%
Average diluted shares outstanding		117,805					118,740
Diluted earnings per share	$	1.66				$	1.36

Financial Information By Segment

(in thousands)

(unaudited)

	Three Months Ended June 30
	2015						2014
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	904,868			59	%	$	930,668			60	%
Dedicated		366,716			24	%		347,730			22	%
Integrated Capacity Solutions		173,879			11	%		172,894			11	%
Truck		97,509			6	%		101,074			7	%
Subtotal		1,542,972			100	%		1,552,366			100	%
Intersegment eliminations		(3,015	)		(0	%)		(4,499	)		(0	%)
Consolidated revenue	$	1,539,957			100	%	$	1,547,867			100	%
Operating income
Intermodal	$	118,617			68	%	$	113,394			71	%
Dedicated		40,573			23	%		30,318			19	%
Integrated Capacity Solutions		4,893			3	%		6,222			4	%
Truck		9,675			6	%		9,363			6	%
Other (1)		(23	)		(0	%)		(67	)		(0	%)
Operating income	$	173,735			100.0	%	$	159,230			100	%

	Six Months Ended June 30
	2015						2014
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	1,748,757			59	%	$	1,766,163			60	%
Dedicated		711,905			24	%		669,771			23	%
Integrated Capacity Solutions		337,090			11	%		335,524			11	%
Truck		188,697			6	%		193,544			6	%
Subtotal		2,986,449			100	%		2,965,002			100	%
Intersegment eliminations		(6,312	)		(0	%)		(10,228	)		(0	%)
Consolidated revenue	$	2,980,137			100	%	$	2,954,774			100	%
Operating income
Intermodal	$	222,879			68	%	$	206,566			75	%
Dedicated		76,388			23	%		45,918			17	%
Integrated Capacity Solutions		11,522			4	%		12,346			4	%
Truck		18,204			5	%		11,811			4	%
Other (1)		(38	)		(0	%)		(104	)		(0	%)
Operating income	$	328,955			100	%	$	276,537			100	%

(1) Includes corporate support activity

Operating Statistics by Segment
(unaudited)
	Three Months Ended June 30
	2015			2014
Intermodal
Loads		436,466			429,438
Average length of haul		1,642			1,643
Revenue per load	$	2,073		$	2,167
Average tractors during the period *		4,915			4,447
Tractors (end of period)
Company-owned		4,186			3,868
Independent contractor		701			678
Total tractors		4,887			4,546
Net change in trailing equipment during the period		2,086			2,160
Trailing equipment (end of period)		76,279			69,724
Average effective trailing equipment usage		70,823			67,534
Dedicated
Loads		562,017			522,117
Average length of haul		176			178
Revenue per truck per week**	$	4,096		$	4,117
Average trucks during the period***		6,921			6,538
Trucks (end of period)
Company-owned		6,543			6,050
Independent contractor		7			6
Customer-owned (Dedicated operated)		422			503
Total trucks		6,972			6,559
Trailing equipment (end of period)		20,989			19,696
Average effective trailing equipment usage		22,275			20,721
Integrated Capacity Solutions
Loads		123,082			109,803
Revenue per load	$	1,413		$	1,575
Gross profit margin		15.2	%		12.7	%
Employee count (end of period)		636			540
Approximate number of third-party carriers (end of period)		42,300			36,300
Truck
Loads		93,225			101,044
Average length of haul		435			384
Loaded miles (000)		40,355			38,720
Total miles (000)		47,752			45,718
Average nonpaid empty miles per load		77.1			67.8
Revenue per tractor per week**	$	3,802		$	4,226
Average tractors during the period *		2,021			1,877
Tractors (end of period)
Company-owned		1,510			1,215
Independent contractor		563			645
Total tractors		2,073			1,860
Trailers (end of period)		7,479			6,576
Average effective trailing equipment usage		6,392			5,718

* Includes company-owned and independent contractor tractors

** Using weighted workdays

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

Operating Statistics by Segment
(unaudited)
	Six Months Ended June 30
	2015			2014
Intermodal
Loads		846,763			815,424
Average length of haul		1,643			1,656
Revenue per load	$	2,065		$	2,166
Average tractors during the period *		4,866			4,348
Tractors (end of period)
Company-owned		4,186			3,868
Independent contractor		701			678
Total tractors		4,887			4,546
Net change in trailing equipment during the period		2,981			3,745
Trailing equipment (end of period)		76,279			69,724
Average effective trailing equipment usage		69,758			66,367
Dedicated
Loads		1,092,779			1,008,788
Average length of haul		176			179
Revenue per truck per week**	$	4,032		$	4,016
Average trucks during the period***		6,887			6,514
Trucks (end of period)
Company-owned		6,543			6,050
Independent contractor		7			6
Customer-owned (Dedicated operated)		422			503
Total trucks		6,972			6,559
Trailing equipment (end of period)		20,989			19,696
Average effective trailing equipment usage		22,276			20,533
Integrated Capacity Solutions
Loads		244,044			212,886
Revenue per load	$	1,381		$	1,576
Gross profit margin		14.5	%		12.4	%
Employee count (end of period)		636			540
Approximate number of third-party carriers (end of period)		42,300			36,300
Truck
Loads		179,468			191,042
Average length of haul		443			396
Loaded miles (000)		78,991			75,715
Total miles (000)		93,206			89,189
Average nonpaid empty miles per load		76.0			67.9
Revenue per tractor per week**	$	3,754		$	4,040
Average tractors during the period*		1,982			1,884
Tractors (end of period)
Company-owned		1,510			1,215
Independent contractor		563			645
Total tractors		2,073			1,860
Trailers (end of period)		7,479			6,576
Average effective trailing equipment usage		6,208			5,774

* 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)

	June 30, 2015		December 31, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	5,586	$	5,961
Accounts Receivable		665,241		653,795
Prepaid expenses and other		97,172		201,743
Deferred income taxes		18,631		18,631
Total current assets		786,630		880,130
Property and equipment		3,881,077		3,719,757
Less accumulated depreciation		1,254,973		1,237,225
Net property and equipment		2,626,104		2,482,532
Other assets		72,616		34,455
	$	3,485,350	$	3,397,117
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Current debt	$	250,000	$	250,000
Trade accounts payable		341,520		325,838
Claims accruals		98,423		96,719
Accrued payroll		65,671		80,547
Other accrued expenses		20,991		17,966
Total current liabilities		776,605		771,070
Long-term debt		643,202		683,539
Other long-term liabilities		59,197		59,561
Deferred income taxes		667,141		678,424
Stockholders' equity		1,339,205		1,204,523
	$	3,485,350	$	3,397,117

Supplemental Data        

(unaudited)

	June 30, 2015		December 31, 2014
Actual shares outstanding at end of period (000)		116,251		116,575
Book value per actual share outstanding at end of period	$	11.52	$	10.33

	Six Months Ended June 30
	2015		2014
Net cash provided by operating activities (000)	$	453,537	$	301,001
Net capital expenditures (000)	$	319,343	$	352,843