J.B. Hunt Transport Services Investor Presentation — January 2023

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Q4 2022 ResultsJ.B. Hunt T ransport Services, Inc.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.

Intermodal (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

48%24%14%7%7%4Q 2022 Revenue Mix

64%27%-1%6%4%-10%0%10%20%30%40%50%60%70%80%

JBIDCSICSJBTFMSPercentage of 4Q 2022 Operating Income by Business SegmentDistinct & Complementary BusinessesOverview4Q 2022 Revenue:$3.65 billion; up 4%4Q 2022 Revenue, excl FSC:$3.02 billion; down 3%4Q 2022 Operating Income:$281.9 million; down 13%4Q 2022 EPS:$1.92 vs. $2.28; down 16%Segment PerformanceIntermodal (JBI)Revenue: $1.75 billion; up 11%Operating Income: $179.5 million; down 8%Dedicated Contract Services (DCS)Revenue: $880 million; up 24%Operating Income: $75.8 million; up 4%Integrated Capacity Solutions (ICS)Revenue: $496 million; down 33%Operating Loss: $(2.9) million; compared to $21.2 million income in 4Q’21T ruckload(JBT)Revenue: $276 million; up 6%Operating Income: $16.9 million; down 35%Final Mile Services(FMS)Revenue: $255 million; up 15%Operating Income $12.6 million; up 70%4Q 2022 Results vs. 4Q 2021

4Q Results Consolidated

$5,585 $6,165 $6,188 $6,555 $7,190 $8,615 $9,165 $9,637 $12,168 $14,814

$3,497 $3,650 $ - $ 2,00 0 $ 4,00 0 $ 6,00 0 $ 8,00 0 $ 10,0 00 $ 12,0 00 $ 14,0 00

20132014201520162017201820192020202120224Q 214Q 22Revenue (in millions)