J.B. Hunt Transport Services Investor Presentation — April 2022

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J.B. HUNT TRANSPORT SERVICES, INC.Q1 2022 ResultsDISCLOSURE

This presentation and discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking statements. These statements are based on J.B. Hunt’s current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements. For further information, please refer to J.B. Hunt’s reports and filings with the Securities and Exchange Commission.

DISTINCT & COMPLEMENTARY BUSINESSESIntermodal (JBI)•Largest, 100% 53’ high-cube container fleet•Largest drayage fleet in North America•Priority loading and unloading at major rail terminalsDedicated Contract Services (DCS)•Fleet creation, conversion, and augmentation•Design & implementation of value-driven supply chain solutions•On-site managementIntegrated Capacity Solutions (ICS)•Non-asset based offering of dry van, flatbed, refrigerated, expedited, and LTL services.•40-and 20-foot box domestic and international containers and international intermodal services•Services to all 50 States, Canada, and MexicoTruckload (JBT)•One of the largest capacity networks in North America•Instant tracking via the Internet•GPS trailer trackingFinal Mile Services (FMS)•Largest final mile asset network in the US•Provider of both asset and non-asset big and bulky delivery and installation services•Nationwide fulfillment and retail-pooling distribution services

46%21%19%8%6%1Q 2022 Revenue Mix

60%23%8%9%0%0%10%20%30%40%50%60%70%80%

JBIDCSICSJBTFMSPercentage of 1Q 2022 Operating Incomeby Business Segment1Q2022 RESULTS VS. 1Q 2021OVERVIEW1Q 2022 Revenue:$3.49 billion; up 33%1Q 2022 Revenue, excl FSC:$3.04billion; up 27%1Q 2022 Operating Income:$334.3 million; up 61%1Q 2022 EPS:$2.29 vs. $1.37; up 67%SEGMENT PERFORMANCEIntermodal (JBI)Revenue: $1.60 billion; up 36%Operating Income: $201.0 million; up 87%Dedicated Contract Services (DCS)Revenue: $741 million; up 28%Operating Income: $77.1 million; up 4%Integrated Capacity Solutions (ICS)Revenue: $675 million; up 29%Operating Income: $25.0 million; up 243%Truckload(JBT)Revenue: $264 million; up 77%Operating Income: $31.5 million; up 210%Final Mile Services(FMS)Revenue: $218 million; up 8%Operating Income/(Loss): $(0.2) million; compared to $8.5 million in Q1’211Q RESULTS CONSOLIDATED

$6,165 $6,188 $6,555 $7,190 $8,615 $9,165 $9,637 $12,168

$- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

201420152016201720182019202020211Q 211Q 22Revenue(in millions)

$632 $716 $721 $624 $681 $734 $713 $1,046 $208 $334 $- $200 $400 $600 $800 $1,000