Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MATTHEWS TERRENCE D
   2. Issuer Name and Ticker or Trading Symbol
HUNT J B TRANSPORT SERVICES INC [JBHT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Sr VP Sales/National Accounts
(Last)
(First)
(Middle)
615 J.B. HUNT CORPORATE DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
11/06/2006
(Street)

LOWELL, AR 72745		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
401(k)               100,857 D  
Common Stock 11/06/2006 11/06/2006 M   5,000 A $ 4.75 9,252 D  
Common Stock 11/06/2006 11/06/2006 S   5,000 D $ 22 4,252 D  
401(k)               8,388 I By Spouse
Common Stock               1,620 I By Spouse

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock (1)             07/15/2011 08/15/2015 Common Stock 29,000   29,000 D  
Right to Buy Stock Option $ 3             06/01/2000 01/25/2008 Common Stock 11,428   11,428 D  
Right to Buy Stock Option $ 3.125             06/01/1999 10/08/2009 Common Stock 15,484   15,484 D  
Right to Buy Stock Option $ 3.64             06/01/1998 07/07/2008 Common Stock 8,000   8,000 D  
Right to Buy Stock Option $ 5.61             06/01/2003 08/05/2012 Common Stock 120,000   120,000 D  
Right to Buy Stock Option $ 7.08             06/01/2004 10/24/2013 Common Stock 80,000   80,000 D  
Right to Buy Stock Option $ 12.2             06/01/2009 10/23/2014 Common Stock 40,000   40,000 D  
Right to Buy Stock Option $ 20.365             06/01/2013 10/21/2015 Common Stock 40,000   40,000 D  
Right to Buy Stock Option $ 4.75 11/06/2006 11/06/2006 M     5,000 06/01/2004 06/07/2007 Common Stock 5,000 $ 4.75 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MATTHEWS TERRENCE D
615 J.B. HUNT CORPORATE DRIVE
LOWELL, AR 72745		       Sr VP Sales/National Accounts

Signatures

 Debbie Willbanks   11/07/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Restricted Stock award, approved by the Company's Compensation Committee, vests over a five-year period. There is no purchase price required by the recipient in connection with the award. Termination of the recipient's employment with the Company for any reason other than death or disability shall result in forfeiture of the award on the date of termination.

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