J.B. Hunt Transport Services (JBHT) 8-K J.B. Hunt Transport Services, Inc. Reports Earnings for the Second

Exhibit 99.1

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

FORIMMEDIATERELEASE

J.B. HUNT TRANSPORT SERVICES, INC. REPORTS EARNINGS FOR THE SECOND

QUARTER 2017 AND UPDATES FULL YEAR 2017 EXPECTATIONS

■SecondQuarter2017Revenue:	$1.73 billion; up 7%
■SecondQuarter2017OperatingIncome:	$164 million;down 7%
■SecondQuarter2017EPS:	88centsvs.92cents

LOWELL, ARKANSAS, July 17, 2017 - J.B. Hunt Transport Services, Inc., (NASDAQ:JBHT) announced second quarter 2017 net earnings of $97.9 million, or diluted earnings per share of 88 cents vs. second quarter 2016 net earnings of $105 million, or 92 cents per diluted share.

Total operating revenue for the current quarter was $1.73 billion, compared with $1.62 billion for the second quarter 2016, an increase of 7%. Current quarter total operating revenue, excluding fuel surcharges, increased 5% vs. the comparable quarter 2016. Load growth of 5% in Intermodal (JBI), a 5% increase in revenue producing trucks in Dedicated Contract Services (DCS) and a 20% increase in volume in Integrated Capacity Solutions (ICS) contributed to the increase in consolidated revenue compared to prior year.

Operating income for the current quarter totaled $164 million versus $176 million for the second quarter 2016. The benefits of volume growth and increases in revenue producing truck counts were substantially offset by lower customer rates, increases in rail and over the road purchased transportation costs, start-up costs associated with new DCS contracts, higher driver wages and recruiting costs, increased insurance and claims costs, increased equipment and facility maintenance costs and increased technology costs.

Interest expense in the current quarter increased due to higher interest rates compared to the same period last year. The effective income tax rate for the quarter was 37.4% versus 38.0% for the second quarter 2016. The 2017 annual tax rate is expected to be approximately 35.0% primarily from the one-time tax benefit recognized in the first quarter 2017.

The Company posted revised full year 2017 Financial Expectations on its website under the Investors tab atwww.jbhunt.com.

Segment Information:

Intermodal(JBI)

■ SecondQuarter2017SegmentRevenue:	$1.0billion; up 7%
■ SecondQuarter2017OperatingIncome:	$110million;up 4%

JBI load volumes grew 5% over the same period in 2016. Transcontinental loads grew 10% while Eastern network volumes were down 2% compared to a year ago. Revenue increased 7% reflecting the 5% volume growth and an approximate 2% increase in revenue per load, which is the combination of customer rate changes, fuel surcharges and freight mix. Revenue per load, excluding fuel surcharge revenue decreased 1% from second quarter 2016.

Operating income increased 4% from prior year. Benefits from volume growth and dray fleet productivity were offset by cost increases in rail purchased transportation, driver pay and retention costs, driver recruiting costs, technology development and modernization costs and equipment ownership costs. The current period ended with approximately 85,600 units of trailing capacity and 5,300 power units assigned to the dray fleet.

DedicatedContractServices(DCS)

■SecondQuarter2017SegmentRevenue:	$412million;up8%
■SecondQuarter2017OperatingIncome:	$49million; down 4%

DCS revenue increased 8% during the current quarter over the same period in 2016. Productivity, defined as revenue per truck per week, increased approximately 2% vs. 2016. Productivity excluding fuel surcharges was flat over a year ago. Increased revenue from better integration of assets between customer accounts and customer rate increases was partially offset by lower productivity at new contracts implemented during the current quarter. A net additional 486 revenue producing trucks, 226 net additions compared to first quarter 2017, were in the fleet by the end of the quarter compared to prior year. Approximately 71% of these additions represent private fleet conversions versus traditional dedicated capacity fleets. Customer retention rates remain above 98%.

Operating income decreased 4% over the prior year quarter primarily from increases in driver wages, increased accident frequency driving higher insurance and claims costs and higher start-up expenses for new customer contracts compared to the second quarter 2016.

IntegratedCapacitySolutions(ICS)

■SecondQuarter2017SegmentRevenue:	$222million;up 9%
■SecondQuarter2017OperatingLoss:	$(0.2) million; down 102%

ICS revenue was up 9% compared to the second quarter 2016. Volumes increased 20% while revenue per load decreased 9%, primarily due to freight mix changes driven by customer demand, compared to second quarter 2016. Spot volumes increased 20% and contractual volumes increased 22% from a year ago. Contractual volumes represented approximately 73% of total load volume and 58% of total revenue compared to 72% and 65%, respectively, in second quarter 2016.

Operating income decreased 102% over the same period 2016 primarily from lower gross profit margins, increased claims cost, a higher number of branches open less than two years (16 vs. 10 in 2016), and higher technology development costs. Gross profit margins decreased to 11.6% in the current quarter versus 15.0% in the same period last year. The decrease in gross margin percentage is primarily the result of higher purchased transportation costs on dry van volumes that outpaced customer rate increases implemented on contractual business compared to second quarter 2016. Total branch count increased to 42 from 35 at second quarter 2016. The carrier base increased 9% and the employee count increased 21% vs. second quarter 2016.

Truck(JBT)

■SecondQuarter2017SegmentRevenue:	$95million; down 4%
■SecondQuarter2017OperatingIncome:	$5.6 million;down 37%

JBT revenue for the current quarter was down 4% compared to the same period in 2016. Revenue excluding fuel surcharges decreased 6% from a year ago. Rate per loaded mile excluding fuel surcharges was up approximately 0.9% primarily from customer driven freight mix changes, including a 6.3% decrease in length of haul. Customer contract rates decreased approximately 0.4% compared to the same period in 2016. At the end of the period, JBT operated 2,072 tractors compared to 2,186 a year ago.

Operating income decreased 37% compared to the same quarter 2016. The benefit from higher customer rates per mile was more than offset by increased driver pay and hiring costs, higher independent contractor cost per mile and increased tractor maintenance costs compared to the second quarter 2016.

CashFlowandCapitalization:

At June 30, 2017, we had a total of $943 million outstanding on various debt instruments compared to $958 million at June 30, 2016 and $986 million at December 31, 2016.

Our net capital expenditures for the six months ended June 30, 2017 approximated $165 million compared to $258 million for the same period 2016. At June 30, 2017, we had cash and cash equivalents of $7.3 million.

We purchased approximately 564,000 shares of our common stock during the second quarter 2017 for approximately $50 million. At June 30, 2017, we had approximately $521 million remaining under our combined current and new share repurchase authorizations. Actual shares outstanding at June 30, 2017 approximated 109.4 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, 2016. 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
	2017					2016
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	1,551,051				$	1,483,354
Fuel surcharge revenues		175,864					131,672
Total operating revenues		1,726,915		100.0	%		1,615,026		100.0	%
Operating expenses
Rents and purchased transportation		871,122		50.4	%		794,907		49.2	%
Salaries, wages and employee benefits		389,873		22.6	%		371,969		23.0	%
Depreciation and amortization		93,050		5.4	%		90,364		5.6	%
Fuel and fuel taxes		79,072		4.6	%		71,489		4.4	%
Operating supplies and expenses		64,486		3.7	%		56,495		3.5	%
Insurance and claims		27,461		1.6	%		19,094		1.2	%
General and administrative expenses, net of asset dispositions		21,728		1.3	%		18,711		1.2	%
Operating taxes and licenses		10,905		0.6	%		11,365		0.7	%
Communication and utilities		5,603		0.3	%		4,840		0.3	%
Total operating expenses		1,563,300		90.5	%		1,439,234		89.1	%
Operating income		163,615		9.5	%		175,792		10.9	%
Net interest expense		7,393		0.4	%		6,420		0.4	%
Earnings before income taxes		156,222		9.1	%		169,372		10.5	%
Income taxes		58,353		3.4	%		64,361		4.0	%
Net earnings	$	97,869		5.7	%	$	105,011		6.5	%
Average diluted shares outstanding		110,822					113,761
Diluted earnings per share	$	0.88				$	0.92

J.B. HUNT TRANSPORT SERVICES, INC.

Condensed Consolidated Statements of Earnings

(in thousands, except per share data)

(unaudited)

	Six Months Ended June 30
	2017					2016
			% Of					% Of
	Amount		Revenue			Amount		Revenue
Operating revenues, excluding fuel surcharge revenues	$	3,012,820				$	2,910,008
Fuel surcharge revenues		343,253					233,730
Total operating revenues		3,356,073		100.0	%		3,143,738		100.0	%
Operating expenses
Rents and purchased transportation		1,677,562		50.0	%		1,535,310		48.8	%
Salaries, wages and employee benefits		770,184		22.9	%		734,480		23.4	%
Depreciation and amortization		185,238		5.5	%		178,716		5.7	%
Fuel and fuel taxes		159,719		4.8	%		130,903		4.2	%
Operating supplies and expenses		122,507		3.7	%		111,031		3.5	%
Insurance and claims		50,466		1.5	%		36,522		1.2	%
General and administrative expenses, net of asset dispositions		45,209		1.4	%		40,545		1.3	%
Operating taxes and licenses		21,585		0.6	%		22,491		0.7	%
Communication and utilities		10,599		0.3	%		10,058		0.3	%
Total operating expenses		3,043,069		90.7	%		2,800,056		89.1	%
Operating income		313,004		9.3	%		343,682		10.9	%
Net interest expense		14,211		0.4	%		12,862		0.4	%
Earnings before income taxes		298,793		8.9	%		330,820		10.5	%
Income taxes		98,222		2.9	%		125,711		4.0	%
Net earnings	$	200,571		6.0	%	$	205,109		6.5	%
Average diluted shares outstanding		111,420					113,882
Diluted earnings per share	$	1.80				$	1.80

Financial Information By Segment

(in thousands)

(unaudited)

	Three Months Ended June 30
	2017						2016
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	1,001,441			58	%	$	933,430			58	%
Dedicated		411,917			24	%		382,721			24	%
Integrated Capacity Solutions		222,465			13	%		203,767			12	%
Truck		94,575			5	%		98,264			6	%
Subtotal		1,730,398			100	%		1,618,182			100	%
Intersegment eliminations		(3,483	)		(0	%)		(3,156	)		(0	%)
Consolidated revenue	$	1,726,915			100	%	$	1,615,026			100	%
Operating income
Intermodal	$	109,714			67	%	$	105,614			60	%
Dedicated		48,574			30	%		50,467			29	%
Integrated Capacity Solutions		(239	)		(0	%)		10,875			6	%
Truck		5,563			3	%		8,853			5	%
Other (1)		3			0	%		(17	)		(0	%)
Operating income	$	163,615			100	%	$	175,792			100	%

	Six Months Ended June 30
	2017						2016
				% Of						% Of
	Amount			Total			Amount			Total
Revenue
Intermodal	$	1,938,559			58	%	$	1,828,630			58	%
Dedicated		804,378			24	%		741,091			24	%
Integrated Capacity Solutions		431,884			13	%		386,934			12	%
Truck		188,263			5	%		194,315			6	%
Subtotal		3,363,084			100	%		3,150,970			100	%
Intersegment eliminations		(7,011	)		(0	%)		(7,232	)		(0	%)
Consolidated revenue	$	3,356,073			100	%	$	3,143,738			100	%
Operating income
Intermodal	$	204,975			66	%	$	208,740			61	%
Dedicated		93,328			30	%		95,237			28	%
Integrated Capacity Solutions		4,230			1	%		21,670			6	%
Truck		10,504			3	%		18,032			5	%
Other (1)		(33	)		(0	%)		3			0	%
Operating income	$	313,004			100	%	$	343,682			100	%

(1) Includes corporate support activity

Operating Statistics by Segment

(unaudited)

	Three Months Ended June 30
	2017			2016
Intermodal
Loads		501,038			476,098
Average length of haul		1,677			1,640
Revenue per load	$	1,999		$	1,961
Average tractors during the period *		5,220			5,232
Tractors (end of period)
Company-owned		4,621			4,519
Independent contractor		680			725
Total tractors		5,301			5,244
Net change in trailing equipment during the period		363			1,377
Trailing equipment (end of period)		85,581			81,243
Average effective trailing equipment usage		81,073			74,751
Dedicated
Loads		636,149			607,078
Average length of haul		178			174
Revenue per truck per week**	$	4,156		$	4,062
Average trucks during the period***		7,669			7,286
Trucks (end of period)
Company-owned		7,207			6,833
Independent contractor		9			17
Customer-owned (Dedicated operated)		592			472
Total trucks		7,808			7,322
Trailing equipment (end of period)		23,387			21,914
Average effective trailing equipment usage		23,899			22,597
Integrated Capacity Solutions
Loads		240,069			199,312
Revenue per load	$	927		$	1,022
Gross profit margin		11.6	%		15.0	%
Employee count (end of period)		876			721
Approximate number of third-party carriers (end of period)		53,400			48,900
Truck
Loads		96,897			96,929
Average length of haul		431			460
Loaded miles (000)		41,678			44,614
Total miles (000)		49,917			53,063
Average nonpaid empty miles per load		85.1			87.2
Revenue per tractor per week**	$	3,518		$	3,419
Average tractors during the period *		2,102			2,234
Tractors (end of period)
Company-owned		1,337			1,401
Independent contractor		735			785
Total tractors		2,072			2,186
Trailers (end of period)		7,604			7,249
Average effective trailing equipment usage		7,232			6,784

* 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
	2017			2016
Intermodal
Loads		967,878			935,624
Average length of haul		1,678			1,641
Revenue per load	$	2,003		$	1,954
Average tractors during the period *		5,221			5,169
Tractors (end of period)
Company-owned		4,621			4,519
Independent contractor		680			725
Total tractors		5,301			5,244
Net change in trailing equipment during the period		987			2,286
Trailing equipment (end of period)		85,581			81,243
Average effective trailing equipment usage		79,221			73,998
Dedicated
Loads		1,232,889			1,186,556
Average length of haul		179			174
Revenue per truck per week**	$	4,135		$	3,969
Average trucks during the period***		7,553			7,241
Trucks (end of period)
Company-owned		7,207			6,833
Independent contractor		9			17
Customer-owned (Dedicated operated)		592			472
Total trucks		7,808			7,322
Trailing equipment (end of period)		23,387			21,914
Average effective trailing equipment usage		23,732			22,517
Integrated Capacity Solutions
Loads		478,127			374,935
Revenue per load	$	903		$	1,032
Gross profit margin		12.9	%		16.1	%
Employee count (end of period)		876			721
Approximate number of third-party carriers (end of period)		53,400			48,900
Truck
Loads		192,533			191,339
Average length of haul		434			464
Loaded miles (000)		83,564			88,697
Total miles (000)		99,935			105,209
Average nonpaid empty miles per load		85.1			86.3
Revenue per tractor per week**	$	3,464		$	3,415
Average tractors during the period*		2,126			2,222
Tractors (end of period)
Company-owned		1,337			1,401
Independent contractor		735			785
Total tractors		2,072			2,186
Trailers (end of period)		7,604			7,249
Average effective trailing equipment usage		7,198			6,727

* 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, 2017		December 31, 2016
ASSETS
Current assets:
Cash and cash equivalents	$	7,274	$	6,377
Accounts Receivable		749,042		745,288
Prepaid expenses and other		152,035		194,016
Total current assets		908,351		945,681
Property and equipment		4,384,981		4,258,915
Less accumulated depreciation		1,564,951		1,440,124
Net property and equipment		2,820,030		2,818,791
Other assets		50,001		64,516
	$	3,778,382	$	3,828,988
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Trade accounts payable	$	419,306	$	384,308
Claims accruals		114,073		109,745
Accrued payroll		46,288		51,929
Other accrued expenses		28,425		27,152
Total current liabilities		608,092		573,134
Long-term debt		943,174		986,278
Other long-term liabilities		66,118		64,881
Deferred income taxes		753,277		790,634
Stockholders' equity		1,407,721		1,414,061
	$	3,778,382	$	3,828,988

Supplemental Data

(unaudited)

	June 30, 2017		December 31, 2016
Actual shares outstanding at end of period (000)		109,435		111,305
Book value per actual share outstanding at end of period	$	12.86	$	12.70

	Six Months Ended June 30
	2017		2016
Net cash provided by operating activities (000)	$	443,447	$	474,138
Net capital expenditures (000)	$	165,092	$	257,958