KENAN TRANSPORT CO
S-8 POS, 1998-08-03
TRUCKING (NO LOCAL)
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                                                 Registration No. 33-84372

                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.
                                      20549

                         POST-EFFECTIVE AMENDMENT NO. 1
                                       TO
                                    FORM S-8
                          REGISTRATION STATEMENT UNDER
                           THE SECURITIES ACT OF 1933

                             KENAN TRANSPORT COMPANY
                             -----------------------
             (Exact name of registrant as specified in its charter)

             North Carolina                       56-0516485
             -----------------------------------------------
             (State or other jurisdiction         (I.R.S. Employer -0516485
             of incorporation or organization)      Identification No.)

                 University Square-West, 143 W. Franklin Street
                     Chapel Hill, North Carolina 27516-3910
                     --------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

                             KENAN TRANSPORT COMPANY
                              1994 STOCK BONUS PLAN
                              ---------------------
                            (Full title of the plan)

                        WILLIAM L. BOONE, VICE PRESIDENT
                             Kenan Transport Company
                 University Square-West, 143 W. Franklin Street
                     Chapel Hill, North Carolina 27516-3910
                     --------------------------------------
                     (Name and address of agent for service)

                                 (919) 967-8221
                                 --------------
          (Telephone number, including area code, of agent for service)







This  Post-Effective  Amendment  to  the  Registration  Statement  shall  become
effective  upon the date of filing  pursuant to Rule 464  promulgated  under the
Securities Act of 1933, as amended.


<PAGE>




Deregistration of Shares
- ------------------------

         Kenan Transport Company (the "Company") registered 56,000 shares of the
Company's Common Stock on Form S-8 (Registration  No. 33-84372)  relating to the
Company's  1994 Stock Bonus Plan. The purpose of this  Post-Effective  Amendment
No. 1 is to remove from registration 34,477 shares of the Company's Common Stock
which were included in the 56,000 shares  registered  under the 1994 Stock Bonus
Plan and remain unsold at the termination of the Plan.


                                                         2

<PAGE>


                                                    SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
registrant  certifies that it has reasonable  grounds to believe it meets all of
the  requirements  for filing on Form S-8 and has duly caused this  Amendment to
its  registration  statement  to be  signed on its  behalf  by the  undersigned,
thereunto duly  authorized,  in the City of Chapel Hill, State of North Carolina
on July 30, 1998.

                                    KENAN TRANSPORT COMPANY


                                    By: /s/ Lee P. Shaffer
                                    ----------------------
                                        Lee P. Shaffer
                                        President and Chief Executive Officer

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