HUNT J B TRANSPORT SERVICES INC
SC 13G/A, 1997-02-13
TRUCKING (NO LOCAL)
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<PAGE>

                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                            (Amendment No. 8)*
                                          -----



                     J.B. HUNT TRANSPORT SERVICES, INC.
                     ----------------------------------
                              (Name of Issuer)



                    Common Stock, par value $.01 per share
                    --------------------------------------
                       (Title of Class of Securities)


                                445658-10-7
                     ----------------------------------
                              (CUSIP Number)

   Check the  following box if a fee is being paid with this statement /x/.  
(A fee is not required only if the filing person:  (1) has a previous 
statement on file reporting  beneficial  ownership of more than five percent 
of the class of securities  described in Item 1;  and (2)  has  filed no  
amendment  subsequent thereto reporting  beneficial ownership of five percent 
or less of such class.) (See Rule 13d-7.)

   *The remainder of  this cover  page  shall  be  filled  out  for a 
reporting person's initial filing on this form with respect to the  subject 
class of securities, and for any subsequent amendment containing information  
which would alter the disclosures provided in a prior page.

   The information required in the remainder of this  cover page shall not be 
deemed to be "filed"  for the purpose of  Section 18 of the Securities 
Exchange Act of 1934  ("Act") or otherwise subject to the liabilities of that 
section of the Act but shall be subject to all other provisions of the Act 
(however, see the Notes).

                         (Continued on following pages)

                                  Page 1 of 5


<PAGE>

                                  SCHEDULE 13G

CUSIP No. 445658-10-7                                               Page 2 of 5
          ------------

- -------------------------------------------------------------------------------
 (1) Names of Reporting Persons.  
     S.S. or I.R.S. Identification Nos. of Above Persons

     J.B. HUNT*

     * THE SHARES REPORTED ON THIS SCHEDULE 13G ARE BENEFICIALLY OWNED BY MR. 
J.B. HUNT THROUGH THE J.B. HUNT LLC ("HUNT LLC"), AN ARKANSAS LIMITED 
LIABILITY COMPANY. MR. HUNT OWNS 98% OF THE INTEREST IN THE HUNT LLC AND IS 
THE SOLE MANAGER OF THE HUNT LLC WITH THE REMAINING INTEREST BEING OWNED BY 
MRS. JOHNELLE D. HUNT (2%). THE TRANSFER OF THESE SHARES DID NOT RESULT IN A 
CHANGE IN THE BENEFICIAL OWNERSHIP OF THESE SHARES.

- -------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member     (a)  / /
     of a Group*                               (b)  /X/
- -------------------------------------------------------------------------------
 (3) SEC Use Only

- -------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

     UNITED STATES OF AMERICA
- -------------------------------------------------------------------------------
Number of Shares              (5) Sole Voting Power
 Beneficially                     14,322,381
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting Power
 Person With                      0
                             --------------------------------------------------
                              (7) Sole Dispositive Power
                                  1,667,612
                             --------------------------------------------------
                              (8) Shared Dispositive Power
                                  0
- -------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person

     14,322,381 SHARES
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

     NOT APPLICABLE
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)

     38.8%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*

     IN


<PAGE>

                                  SCHEDULE 13G

CUSIP No. 445658-10-7                                               Page 3 of 5
          ------------

ITEM 1(a).  NAME OF ISSUER

            J.B. HUNT TRANSPORT SERVICES, INC.
- -------------------------------------------------------------------------------
ITEM 1(b).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

            615 J.B. HUNT CORPORATE DRIVE
            LOWELL, ARKANSAS 72745
- -------------------------------------------------------------------------------
ITEM 2(a).  NAME OF PERSON(S) FILING

            J.B. HUNT
- -------------------------------------------------------------------------------
ITEM 2(b).  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

            615 J.B. HUNT CORPORATE DRIVE
            LOWELL, ARKANSAS 72745
- -------------------------------------------------------------------------------
ITEM 2(c).  CITIZENSHIP

            UNITED STATES OF AMERICA
- -------------------------------------------------------------------------------
ITEM 2(d).  TITLE OF CLASS OF SECURITIES

            COMMON STOCK, $.01 PAR VALUE
- -------------------------------------------------------------------------------
ITEM 2(e).  CUSIP NUMBER

            445658-10-7
- -------------------------------------------------------------------------------
ITEM 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b),
            CHECK WHETHER THE PERSON FILING IS A

            NOT APPLICABLE
- -------------------------------------------------------------------------------
ITEM 4.     OWNERSHIP

    (a) Amount Beneficially Owned:
        14,322,381 SHARES (1)
    ---------------------------------------------------------------------------
    (b) Percent of Class:
        38.8%
    ---------------------------------------------------------------------------
    (c) Number of shares as to which such person has:

          (i) sole power to vote or to direct the vote:
              14,322,381
              -----------------------------------------------------------------
         (ii) shared power to vote or to direct the vote:
              NONE

- -----------
(1) INCLUDES 1,667,612 SHARES HELD BY MR. J.B. HUNT, 2,117 SHARES HELD IN MR. 
HUNT'S 401(K) PLAN, AND 12,652,662 SHARES HELD BY THE J.B. HUNT LLC.

<PAGE>

                                  SCHEDULE 13G

CUSIP No. 445658-10-7                                               Page 4 of 5
          ------------

              -----------------------------------------------------------------
        (iii) sole power to dispose or to direct the disposition of:
              1,667,612
              -----------------------------------------------------------------
         (iv) shared power to dispose or to direct the disposition of:
              NONE.
              -----------------------------------------------------------------

ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

         NOT APPLICABLE.
- -------------------------------------------------------------------------------
ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

         NOT APPLICABLE.
- -------------------------------------------------------------------------------
ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

         NOT APPLICABLE.
- -------------------------------------------------------------------------------
ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

         NOT APPLICABLE.
- -------------------------------------------------------------------------------
ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

         NOT APPLICABLE.
- -------------------------------------------------------------------------------
ITEM 10. CERTIFICATION

         NOT APPLICABLE.



<PAGE>

                                  SCHEDULE 13G

CUSIP No. 445658-10-7                                               Page 5 of 5
          ------------

                                  SIGNATURE

    After  reasonable  inquiry and to the  best of my  knowledge and  belief, I
certify that the  information set forth in this statement is true, complete and
correct.

                                           February 13, 1997
                                           ----------------------------
                                           Date:

                                           /s/ J.B. HUNT
                                           ----------------------------
                                           J.B. HUNT









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