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 * GARRISON EARL WAYNE   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) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman (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 Common Stock 11/06/2006 11/06/2006 J(1)   705,216 D $ 21.74 7,247,450 D   Common Stock 401(k)               15,930 D   Common Stock               12,000 I Spouse/Daughter

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(2)

07/15/2010

08/15/2012

Common Stock

20,000

20,000

D

Restricted Stock

(3)

07/15/2011

08/15/2016

Common Stock

40,000

40,000

D

Right to Buy Stock Option

$ 5.865

02/28/2003

02/28/2012

Common Stock

120,000

120,000

D

Right to Buy Stock Option

$ 12.2

06/01/2008

10/23/2010

Common Stock

40,000

40,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GARRISON EARL WAYNE 615 J.B. HUNT CORPORATE DRIVE LOWELL, AR 72745	X		Chairman

Signatures

Debbie Willbanks		11/08/2006
**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).
(3)	The Restricted Stock Award, approved by the Company's Compensation Committee and independent, non-employee directors, vests over a six-year period. There is no purchase price required by the recipient in connection with this award. Termination of the recipient's employment with the Company for any reason other than death or disability shall result in the forfeiture of this award on the date of termination.
(1)	On November 6, 2006, Wayne Garrison's 3-year, pre-paid forward sale contract ("Contract") with Bear Stearns PLC ("Bear") filed on a Form 4 dated November 3, 2003 expired. Pursuant to the Contract, Mr. Garrison was obligated to sell up to 800,000 shares of Common Stock of J.B. Hunt Transport Services, Inc. to Bear. The actual number of shares Mr. Garrison was obligated to deliver was dependent on the closing market price ("Settlement Price") of the Common Stock on November 6, 2006. The closing market price on November 6, 2006 was $21.74, which resulted in Mr. Garrison delivering a total of 705,216 shares of Common Stock to Bear to satisfy his obligation. Bear has released Mr. Garrison from his obligation and Mr. Garrison will keep the remaining 94,784 shares.
(2)	The restricted stock award, approved by the Compensation Committee, vests in 25%, 25% and 50% increments. There is no purchase price required by the recipient in connection with this 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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