J.B. Hunt Transport Services Makes Announcement

LOWELL, Ark.--Oct. 3, 20031, 2003--Wayne Garrison, Chairman of J.B. Hunt Transport Services, Inc. announced today that he has entered into a three-year prepaid forward sale contract for 400,000 shares of J.B. Hunt Transport Services, Inc. common stock. These shares represent less than 9% of the shares of common stock beneficially owned by Mr. Garrison and less than 1/2% of the total shares outstanding.

Under the terms of the contract, Mr. Garrison is required to deliver a specified number of shares (not to exceed 400,000 shares) at the expiration of the three-year contract. Mr. Garrison will receive an up-front payment, discounted from the market price of the stock, in exchange for the right to participate in a portion of the future appreciation in the stock. If the market price of the stock appreciates, he would retain a portion of the 400,000 shares subject to this transaction.

"This plan does not in any way reflect on my confidence in the future direction and opportunity of J.B. Hunt Transport," said Mr. Garrison. "I am bullish on the prospects of the Company and, while I've decided to reduce personal debt, this transaction allows me to do so while retaining a significant amount of upside potential in the underlying shares."

J.B. Hunt Transport Services, Inc. is one of the largest transportation logistics companies in North America with annual revenues of more than $2 billion. The Company operates more than 10,750 trucks and approximately 46,000 trailers and containers. J.B. Hunt creates supply chain value through a variety of engineered, optimal solutions that include truckload and intermodal transportation services, dedicated fleet management, electronic commerce and logistics management. The Company's stock is traded on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average.

This press release contains 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 7 of the Company's Annual Report filed on Form 10-K for the year ended December 31, 2002. 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 related information will be available immediately to interested parties on our website: www.jbhunt.com