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 THIRD QUARTER 2015

■	ThirdQuarter2015Revenue:	$1.59 billion; down 1%
■	ThirdQuarter2015OperatingIncome:	$194 million; up 13%
■	ThirdQuarter2015EPS:	99 cents vs. 87 cents

LOWELL, ARKANSAS, October 14, 2015 - J.B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced third quarter 2015 net earnings of $115.1 million, or diluted earnings per share of 99 cents vs. third quarter 2014 net earnings of $102.4 million, or 87 cents per diluted share.

Total operating revenue for the current quarter was $1.59 billion, compared with $1.60 billion for the third quarter 2014. Customer rate increases, load growth of 3% in Intermodal (JBI), a 6% increase in revenue producing trucks and improved asset productivity, excluding fuel surcharges, in Dedicated Contract Services (DCS)™ , a 9% increase in load volume in Integrated Capacity Solutions (ICS) and 14% increase in truck count in our Truck (JBT) business segment could not offset the decrease in fuel surcharge revenue and tepid customer demand resulting in a decrease in consolidated revenue compared to prior year. Current quarter total operating revenue, excluding fuel surcharges, increased 8% vs. the comparable quarter 2014.

Operating income for the current quarter totaled $194 million vs. $172 million for the third quarter 2014. The increase in operating income from load growth, higher productivity and customer rate increases was partially offset by lower box turns from slower train speeds in some regions, increases in rail purchase transportation rates, increases in driver wages and recruiting costs and higher equipment ownership costs compared to third quarter 2014.

Interest expense in the current quarter increased from a year ago due to higher debt levels primarily from the timing of the issuance of new senior notes to refinance maturing senior notes. The effective income tax rate for both the current quarter and third quarter 2014 was 38.10%. We expect our 2015 annual tax rate to be approximately 38.10%.

SegmentInformation:

Intermodal(JBI)

■   ThirdQuarter2015SegmentRevenue: $949million;down2%

■   ThirdQuarter2015OperatingIncome: $126.1million;up1%

Overall volumes increased 3% over the same period in 2014. The Eastern network load growth slowed to 1% and Transcontinental loads grew 4% over the third quarter 2014 as eastern network loads were challenged with recovering rail service while west coast import volumes began to improve. Revenue decreased 2% reflecting the 3% volume growth and an approximate 4.4% decrease in revenue per load, which is the combination of changes in customer rate, freight mix and fuel surcharges. Revenue per load excluding fuel surcharges increased approximately 5% compared to third quarter 2014.

Operating income increased 1% over prior year. Benefits from customer rate increases, reduced reliance on third party dray carriers and lower dray fleet maintenance costs were partially offset by increases in rail purchased transportation rates, equipment ownership costs including lower box utilization and increased costs to attract and retain drivers. The current period ended with approximately 77,900 units of trailing capacity and 5,040 power units assigned to the dray fleet.

DedicatedContractServices(DCS)

■ThirdQuarter2015SegmentRevenue: $370million;up3%

■ThirdQuarter2015OperatingIncome:$45.1million;up32%

DCS revenue increased 3% during the current quarter over the same period in 2014. Productivity (revenue per truck per week) decreased by approximately 4% vs. 2014 primarily from lower fuel surcharge revenue. Productivity excluding fuel surcharge revenue increased approximately 1.8% from a year ago primarily from customer rate increases and increased customer demand for capacity. A year-over-year net addition of 413 revenue producing trucks, 195 net additions compared to second quarter 2015, were in the fleet by the end of the quarter. Approximately 56% of these additions represent private fleet conversions versus traditional dedicated capacity services and primarily reflect new contract implementations in this and prior periods. Customer retention rates remain above 96% as value driven services continue to support necessary rate increases.

Operating income increased by 32% from a year ago. Revenue from new accounts, higher productivity excluding fuel surcharge revenue, less reliance on third party carrier capacity and lower equipment maintenance costs were partially offset with higher driver wages, higher driver recruiting costs and higher equipment ownership costs compared to the same period in 2014.

IntegratedCapacitySolutions(ICS)

■ThirdQuarter2015SegmentRevenue:     $173million;down 7%

■ThirdQuarter2015OperatingIncome:     $ 11.5million;up 36%

ICS revenue decreased 7% in the current quarter vs. the third quarter 2014. Load volume increased 9% while revenue per load decreased 14% due to lower fuel prices and freight mix changes driven by customer demand including less transactional or “spot” business. Contractual volumes increased 13% to approximately 66% of total load volume and 61% of total revenue in the current quarter compared to 65% and 58%, respectively, in third quarter 2014.

Operating income increased 36% over the same period 2014 primarily due to improved gross profit margin. Gross profit margin increased to 15.9% in the current quarter vs. 13.3% in the prior year. The increase in operating income was partially offset by increased personnel costs as the total branch count grew to 33 compared to 28 at the end of third quarter last year. ICS’s carrier base increased 17% and the employee count increased 13% vs. third quarter 2014.

Truck(JBT)

■ThirdQuarter2015SegmentRevenue:$ 98million; up 2%

■ThirdQuarter2015OperatingIncome:$ 11.2 million;up 159%

JBT revenue for the current quarter increased 2% from the same period in 2014. Revenue excluding fuel surcharge increased 10%, primarily from increased truck count and core rate increases of approximately 4.5%, but was partially offset by lower asset utilization. At the end of the period, JBT operated 2,100 tractors compared to 1,843 a year ago.

Operating income increased by 159% compared to third quarter 2014. Favorable changes in core rates, increased fleet count, lower equipment maintenance costs, lower safety and insurance costs and improved fuel economy were partially offset by increased driver and independent contractor costs per mile, increased driver hiring costs, and lower asset utilization compared to third quarter 2014.

CashFlowandCapitalization:

At September 30, 2015, we had a total of $993 million outstanding on various debt instruments compared to $837 million at September 30, 2014 and $934 million at December 31, 2014.

Our net capital expenditures for the nine months ended September 30, 2015 approximated $431 million compared to $479 million for the same period 2014. At September 30, 2015, we had cash and cash equivalents of approximately $5.5 million.

We purchased approximately 2.2 million shares of our common stock during the quarter for $177.9 million. At September 30, 2015 we had approximately $1 million remaining under our share repurchase authorization. Shares outstanding at September 30, 2015 approximated 114.6 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 September 30
	2015					2014
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	1,419,451				$	1,316,951
Fuel surcharge revenues		167,043					284,205
Total operating revenues		1,586,494		100.0	%		1,601,156		100.0	%
Operating expenses
Rents and purchased transportation		770,148		48.5	%		802,092		50.1	%
Salaries, wages and employee benefits		351,651		22.2	%		327,106		20.4	%
Fuel and fuel taxes		76,755		4.8	%		115,503		7.2	%
Depreciation and amortization		86,201		5.4	%		75,416		4.7	%
Operating supplies and expenses		57,299		3.6	%		56,978		3.6	%
Insurance and claims		20,078		1.3	%		21,904		1.4	%
General and administrative expenses, net of asset dispositions		14,866		1.0	%		15,057		0.9	%
Operating taxes and licenses		10,683		0.7	%		9,893		0.7	%
Communication and utilities		4,967		0.3	%		5,107		0.3	%
Total operating expenses		1,392,648		87.8	%		1,429,056		89.3	%
Operating income		193,846		12.2	%		172,100		10.7	%
Net interest expense		7,838		0.5	%		6,649		0.4	%
Earnings before income taxes		186,008		11.7	%		165,451		10.3	%
Income taxes		70,869		4.4	%		63,037		3.9	%
Net earnings	$	115,139		7.3	%	$	102,414		6.4	%
Average diluted shares outstanding		116,282					118,221
Diluted earnings per share	$	0.99				$	0.87

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Statements of Earnings

(in thousands, except per share data)

(unaudited)

	Nine Months Ended September 30
	2015					2014
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	4,043,991				$	3,737,936
Fuel surcharge revenues		522,640					817,994
Total operating revenues		4,566,631		100.0	%		4,555,930		100.0	%
Operating expenses
Rents and purchased transportation		2,194,683		48.1	%		2,282,992		50.1	%
Salaries, wages and employee benefits		1,030,438		22.6	%		951,517		20.9	%
Fuel and fuel taxes		243,459		5.3	%		352,452		7.7	%
Depreciation and amortization		251,239		5.5	%		216,109		4.7	%
Operating supplies and expenses		164,497		3.6	%		165,939		3.6	%
Insurance and claims		55,714		1.2	%		57,622		1.3	%
General and administrative expenses, net of asset dispositions		56,471		1.3	%		36,525		0.9	%
Operating taxes and licenses		31,505		0.7	%		28,517		0.7	%
Communication and utilities		15,824		0.3	%		15,620		0.3	%
Total operating expenses		4,043,830		88.6	%		4,107,293		90.2	%
Operating income		522,801		11.4	%		448,637		9.8	%
Net interest expense		21,202		0.4	%		21,358		0.4	%
Earnings before income taxes		501,599		11.0	%		427,279		9.4	%
Income taxes		191,109		4.2	%		162,793		3.6	%
Net earnings	$	310,490		6.8	%	$	264,486		5.8	%
Average diluted shares outstanding		117,293					118,567
Diluted earnings per share	$	2.65				$	2.23

Financial Information By Segment
(in thousands)
(unaudited)
	Three Months Ended September 30
	2015						2014
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	948,779			60	%	$	963,568			60	%
Dedicated		370,360			23	%		361,030			22	%
Integrated Capacity Solutions		172,894			11	%		185,135			12	%
Truck		97,521			6	%		95,754			6	%
Subtotal		1,589,554			100	%		1,605,487			100	%
Intersegment eliminations		(3,060	)		(0	%)		(4,331	)		(0	%)
Consolidated revenue	$	1,586,494			100	%	$	1,601,156			100	%
Operating income
Intermodal	$	126,077			65	%	$	125,044			73	%
Dedicated		45,123			23	%		34,294			20	%
Integrated Capacity Solutions		11,453			6	%		8,442			5	%
Truck		11,244			6	%		4,333			2	%
Other (1)		(51	)		(0	%)		(13	)		(0	%)
Operating income	$	193,846			100	%	$	172,100			100	%

	Nine Months Ended September 30
	2015						2014
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	2,697,537			59	%	$	2,729,731			60	%
Dedicated		1,082,264			24	%		1,030,802			23	%
Integrated Capacity Solutions		509,985			11	%		520,659			11	%
Truck		286,218			6	%		289,297			6	%
Subtotal		4,576,004			100	%		4,570,489			100	%
Intersegment eliminations		(9,373	)		(0	%)		(14,559	)		(0	%)
Consolidated revenue	$	4,566,631			100	%	$	4,555,930			100	%
Operating income
Intermodal	$	348,955			67	%	$	331,610			74	%
Dedicated		121,511			23	%		80,212			18	%
Integrated Capacity Solutions		22,974			4	%		20,788			5	%
Truck		29,448			6	%		16,144			3	%
Other (1)		(87	)		(0	%)		(117	)		(0	%)
Operating income	$	522,801			100	%	$	448,637			100	%

(1) Includes corporate support activity

Operating Statistics by Segment
(unaudited)
	Three Months Ended September 30
	2015			2014
Intermodal
Loads		458,584			445,385
Average length of haul		1,660			1,645
Revenue per load	$	2,069		$	2,163
Average tractors during the period *		4,977			4,615
Tractors (end of period)
Company-owned		4,292			3,895
Independent contractor		750			754
Total tractors		5,042			4,649
Net change in trailing equipment during the period		1,658			1,954
Trailing equipment (end of period)		77,937			71,678
Average effective trailing equipment usage		74,669			70,516
Dedicated
Loads		578,628			544,304
Average length of haul		174			176
Revenue per truck per week**	$	3,998		$	4,170
Average trucks during the period***		7,098			6,650
Trucks (end of period)
Company-owned		6,758			6,252
Independent contractor		9			6
Customer-owned (Dedicated operated)		400			496
Total trucks		7,167			6,754
Trailing equipment (end of period)		21,141			20,027
Average effective trailing equipment usage		22,420			21,052
Integrated Capacity Solutions
Loads		127,016			116,401
Revenue per load	$	1,361		$	1,590
Gross profit margin		15.9	%		13.3	%
Employee count (end of period)		650			577
Approximate number of third-party carriers (end of period)		44,000			37,700
Truck
Loads		91,639			89,636
Average length of haul		454			419
Loaded miles (000)		41,376			37,674
Total miles (000)		49,213			44,436
Average nonpaid empty miles per load		80.9			73.6
Revenue per tractor per week**	$	3,630		$	4,109
Average tractors during the period *		2,080			1,816
Tractors (end of period)
Company-owned		1,471			1,249
Independent contractor		629			594
Total tractors		2,100			1,843
Trailers (end of period)		7,740			6,776
Average effective trailing equipment usage		6,610			5,816

* 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
	2015			2014
Intermodal
Loads		1,305,347			1,260,809
Average length of haul		1,648			1,652
Revenue per load	$	2,067		$	2,165
Average tractors during the period *		4,903			4,437
Tractors (end of period)
Company-owned		4,292			3,895
Independent contractor		750			754
Total tractors		5,042			4,649
Net change in trailing equipment during the period		4,639			5,699
Trailing equipment (end of period)		77,937			71,678
Average effective trailing equipment usage		71,395			67,750
Dedicated
Loads		1,671,407			1,553,092
Average length of haul		175			178
Revenue per truck per week**	$	4,021		$	4,069
Average trucks during the period***		6,957			6,559
Trucks (end of period)
Company-owned		6,758			6,252
Independent contractor		9			6
Customer-owned (Dedicated operated)		400			496
Total trucks		7,167			6,754
Trailing equipment (end of period)		21,141			20,027
Average effective trailing equipment usage		22,324			20,706
Integrated Capacity Solutions
Loads		371,060			329,287
Revenue per load	$	1,374		$	1,581
Gross profit margin		15.0	%		12.7	%
Employee count (end of period)		650			577
Approximate number of third-party carriers (end of period)		44,000			37,700
Truck
Loads		271,107			280,678
Average length of haul		446			404
Loaded miles (000)		120,366			113,389
Total miles (000)		142,419			133,625
Average nonpaid empty miles per load		77.8			69.7
Revenue per tractor per week**	$	3,711		$	4,063
Average tractors during the period*		2,015			1,862
Tractors (end of period)
Company-owned		1,471			1,249
Independent contractor		629			594
Total tractors		2,100			1,843
Trailers (end of period)		7,740			6,776
Average effective trailing equipment usage		6,342			5,788

* 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, 2015		December 31, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	5,542	$	5,961
Accounts Receivable		671,398		653,795
Prepaid expenses and other		72,600		201,743
Deferred income taxes		18,631		18,631
Total current assets		768,171		880,130
Property and equipment		3,957,722		3,719,757
Less accumulated depreciation		1,287,213		1,237,225
Net property and equipment		2,670,509		2,482,532
Other assets		80,584		34,455
	$	3,519,264	$	3,397,117
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Current debt	$	-	$	250,000
Trade accounts payable		355,671		325,838
Claims accruals		100,649		96,719
Accrued payroll		69,447		80,547
Other accrued expenses		18,281		17,966
Total current liabilities		544,048		771,070
Long-term debt		993,353		683,539
Other long-term liabilities		59,646		59,561
Deferred income taxes		673,030		678,424
Stockholders' equity		1,249,187		1,204,523
	$	3,519,264	$	3,397,117

Supplemental Data
(unaudited)
	September 30, 2015		December 31, 2014
Actual shares outstanding at end of period (000)		114,602		116,575
Book value per actual share outstanding at end of period	$	10.90	$	10.33

	Nine Months Ended September 30
	2015		2014
Net cash provided by operating activities (000)	$	696,960	$	486,365
Net capital expenditures (000)	$	430,660	$	479,225