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                                                                    EXHIBIT 11.1

The J.H. Heafner Company, Inc.
Computation of Earnings Per Share
(Unaudited)



                                                                                      Year ended December 31,
                                                                 ----------------------------------------------------------
                                                                             1998                 1997                1996
                                                                            -----                 ----                ----
                                                                                                              

Average shares outstanding during the period                            6,062,322            4,736,501           6,826,976
Incremental shares under stock options and warrants computed
  under the treasury stock method using the average market
  price of issuer's stock during the period                             1,187,929              663,144                   -
                                                                 -----------------    -----------------     ---------------

     Total shares for diluted EPS                                       7,250,251            5,399,645           6,826,976
                                                                 =================    =================     ===============

Income applicable to common shareholders:

  Loss from operations before extraordinary charge                   $ (2,508,000)                   -                   -
                                                                 =================


  Net income (loss)
                                                                                                                         -
                                                                     $ (4,724,000)         $   (14,000)        $   612,000
                                                                 =================    =================     ===============


(Loss) income per basic common share:
  Loss from operations before extraordinary charge                          (0.41)                   -                   -

  Net income (loss)                                                  $      (0.78)         $     (0.00)        $      0.09
                                                                 =================    =================     ===============

Income (loss) per diluted share:
Loss from operations before extraordinary charge                            (0.35)                   -                   -

  Net income (loss)                                                  $      (0.65)         $     (0.00)        $      0.09
                                                                 =================    =================     ===============