<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS CONTAINED IN ARNOLD INDUSTRIES, INC.'S FORM 10-Q FOR THE SIX MONTHS ENDED JUNE 30, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 38,047,711 <SECURITIES> 8,043,299 <RECEIVABLES> 47,179,054 <ALLOWANCES> 2,084,537 <INVENTORY> 0 <CURRENT-ASSETS> 105,969,202 <PP&E> 354,038,407 <DEPRECIATION> 146,497,241 <TOTAL-ASSETS> 332,470,430 <CURRENT-LIABILITIES> 53,640,552 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 29,942,628 <OTHER-SE> 198,070,154 <TOTAL-LIABILITY-AND-EQUITY> 332,470,430 <SALES> 0 <TOTAL-REVENUES> 198,266,340 <CGS> 0 <TOTAL-COSTS> 172,579,280 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 574,500 <INTEREST-EXPENSE> 546,660 <INCOME-PRETAX> 25,359,624 <INCOME-TAX> 9,244,798 <INCOME-CONTINUING> 16,114,826 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,114,826 <EPS-PRIMARY> .62 <EPS-DILUTED> .62