J.B. Hunt Transport Services, Inc. Files Registration Statement

    LOWELL, Ark.--May 10, 2002--J.B. Hunt Transport Services, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission to offer 5,100,000 shares of common stock. Of the shares to be offered, 2,000,000 shares are to be issued and sold by the Company and 3,100,000 shares are to be offered by a selling stockholder. The offering is being managed by Bear, Stearns & Co. Inc., Credit Suisse First Boston Corporation, Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., BB&T Capital Markets, a division of Scott & Stringfellow, Inc., and Stephens Inc. The Company will use the proceeds of the offering to reduce indebtedness and fund capital expenditures.
    J.B. Hunt Transport Services, Inc. is a full-load transportation logistics company, operating in three distinct, yet complementary, business segments, providing a wide range of tailored solutions to a diverse group of customers.
    A Registration Statement relating to the securities has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.