UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC 20549-1004
                      ------------------------------------

                                    FORM 10-Q

                                   (Mark One)
(X)      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 1996

(  )     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934


                         Commission File Number 0-27208

                       Simon Transportation Services Inc.
             (Exact name of registrant as specified in its charter)



                  Nevada                                87-0545608
      (State or other jurisdiction of   (I.R.S. employer identification number)
       incorporation or organization)


                               4646 South 500 West
                           Salt Lake City, Utah 84123
                                (801) 268-9100
               (Address, including zip code, and telephone number,
                      including area code, of registrant's
                           principal executive office)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2)  has  been  subject  to the  filing
requirements for at least the past 90 days.


                                    YES X NO


Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date (December 31, 1996).

             Class A Common Stock, $.01 par value: 2,872,757 shares
             Class B Common Stock, $.01 par value: 1,872,161 shares

                
 Exhibit Index is on Page 10.

<PAGE>



                                    SIMON TRANSPORTATION SERVICES INC.
                                            TABLE OF CONTENTS

                                                  PART I

                                          FINANCIAL INFORMATION


                                                                        PAGE
                                                                       NUMBER

Item 1.      Financial statements:

             Condensed consolidated statements of financial position
                  as of September 30, 1996 and December 31, 1996         3

             Condensed consolidated statements of earnings
                  for the three months December 31, 1996 and 1995        4

             Condensed consolidated statements of cash
                  flows for the three months ended 
                  December 31, 1996 and 1995                             5

             Notes to condensed consolidated financial statements        6

Item 2.      Management's discussion and analysis of financial
                  condition and results of operations                    7



                                                 PART II

                                            OTHER INFORMATION



Item 1.      Legal Proceedings                                          10

Item 2.      Changes in Securities                                      10

Item 3.      Defaults Upon Senior Securities                            10

Item 4.      Submission of Matters to a Vote of Security Holders        10

Item 5.      Other Information                                          10

Item 6.      Exhibits and Reports on Form 8-K                           10


<PAGE>


                                    SIMON TRANSPORTATION SERVICES INC.
                         CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

                                                ASSETS
<TABLE>
<CAPTION>
                                                                             December 31, 1996           September 30, 1996
                                                                             -----------------           ------------------
                                                                                (Unaudited)
<S>                                                                    <C>                          <C>
Current Assets:
         Cash                                                                      $ 4,107,994                 $  5,571,431
         Receivables, net of allowance for doubtful accounts of
         $48,000 and $66,000, respectively                                          14,256,016                   13,261,974
         Operating supplies                                                            425,371                      428,123
         Prepaid expenses and other                                                  2,950,573                    1,930,375
                                                                       ------------------------     ------------------------
                  Total current assets                                              21,739,954                   21,191,903
                                                                       ------------------------     ------------------------

Property and Equipment, at cost:
         Land                                                                        2,928,804                    2,918,804
         Revenue equipment                                                          53,700,875                   58,779,032
         Buildings and improvements                                                 11,375,793                    8,639,875
         Office furniture and equipment                                              2,790,525                    2,766,218
                                                                       ------------------------     ------------------------
                                                                                    70,795,997                   73,103,929
         Less accumulated depreciation and amortization                            (14,960,370)                 (16,390,209)
                                                                       ------------------------     ------------------------
                                                                                    55,835,627                   56,713,720
                                                                       ------------------------     ------------------------
Other Assets                                                                           951,995                      317,645
                                                                       ========================     ========================
                                                                                 $  78,527,576                $  78,223,268
                                                                       ========================     ========================

                               LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
         Current portion of long-term debt                                       $   2,927,734                $   2,892,300
         Current portion of capitalized lease obligations                            3,725,397                    3,760,250
         Accounts payable                                                            1,731,341                    1,691,900
         Accrued liabilities                                                         3,031,518                    4,516,902
         Accrued claims payable                                                      1,512,132                    1,602,344
                                                                       ------------------------     ------------------------
                  Total current liabilities                                         12,928,122                   14,463,696
                                                                       ------------------------     ------------------------

Long-Term Debt, net of current portion                                              17,328,692                   15,433,145
                                                                       ------------------------     ------------------------
Capitalized Lease Obligations, net of current portion                               14,030,684                   15,342,293
                                                                       ------------------------     ------------------------
Deferred Income Taxes                                                                3,880,653                    3,880,653
                                                                       ------------------------     ------------------------

Stockholders' Equity
         Preferred stock, $.01 par value, 5,000,000 shares
         authorized, none issued                                                            --                           --
         Class A common stock, $.01 par value, 20,000,000 shares
         authorized, 2,872,757 and 2,870,507 shares issued,
         respectively                                                                   28,728                       28,705
         Class B common stock, $.01 par value, 5,000,000 shares
         authorized, 1,872,161 shares issued                                            18,722                       18,722
         Additional paid-in capital                                                 25,302,723                   25,282,496
         Retained earnings                                                           5,009,252                    3,773,558
                                                                       ------------------------     ------------------------
                  Total stockholders' equity                                        30,359,425                   29,103,481
                                                                       ------------------------     ------------------------
                                                                                 $  78,527,576               $   78,223,268
                                                                       ========================     ========================

</TABLE>
The accompanying notes to condensed consolidated financial statements are
an integral part of these condensed consolidated financial statements.
<PAGE>


                                         SIMON TRANSPORTATION SERVICES INC.
                                   CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                                                   (Unaudited)
<TABLE>
<CAPTION>
 

                                                                                      For the Three Months Ended
                                                                       ----------------------------------------------------- 
                                                                             December 31, 1996            December 31, 1995
                                                                             -----------------            -----------------
<S>                                                                    <C>                          <C>  
Operating Revenue                                                             $     34,166,193               $   20,588,101
                                                                       ------------------------     ------------------------

Operating Expenses:
         Salaries, wages, and benefits                                              13,171,808                    8,241,904
         Fuel & fuel taxes                                                           6,657,636                    4,042,972
         Operating supplies and expenses                                             4,350,499                    3,166,317
         Taxes and licenses                                                          1,436,465                      700,390
         Insurance and claims                                                          626,360                      274,627
         Communications and utilities                                                  530,004                      354,331
         Depreciation and amortization                                               1,513,545                    1,728,200
         Rent                                                                        3,446,607                      418,792
                                                                       ------------------------     ------------------------
                  Total operating expenses                                          31,732,924                   18,927,533
                                                                       ------------------------     ------------------------
                  Operating earnings                                                 2,433,269                    1,660,568
         Net interest expense                                                         (446,623)                    (805,597)
                                                                       ------------------------     ------------------------
Earnings before provision for income taxes                                           1,986,646                      854,971
Provision for income taxes (Note 2)                                                    750,952                    3,257,112
                                                                       ========================     ========================
Net earnings (loss)                                                                  1,235,694                   (2,402,141)
                                                                       ========================     ========================

Pro Forma Information (Note 3):
         Earnings before provision for income taxes                              $   1,986,646                      854,971
         Provision for income taxes                                                    750,952                      338,569
                                                                       ========================     ========================
         Net earnings                                                            $   1,235,694                $     516,402
                                                                       ========================     ========================

         Net earnings per common share                                           $        0.26                $        0.15
                                                                       ========================     ========================

         Weighted average common shares outstanding                                  4,743,154                    3,451,233
                                                                       ========================     ========================
</TABLE>
The accompanying notes to condensed consolidated financial statements are
an integral part of these condensed consolidated financial statements.


<PAGE>


                                        SIMON TRANSPORTATION SERVICES INC.
                                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                            For the Three Months Ended
                                                                                ---------------------------------------------
<S>                                                                                 <C>                     <C>
                                                                                    December 31, 1996       December 31, 1995
Cash Flows From Operating Activities:
     Net earnings (loss)                                                                    1,235,694             (2,402,141)
               
Adjustments to reconcile net earnings (loss) to net cash (used in)
     provided by operating activities
              Depreciation and amortization                                                 1,513,545              1,728,200
              Change in assets and liabilities:
                  Decrease (Increase) in receivables, net                                      93,458               (187,658)
                  Decrease in operating supplies                                                2,752                 63,178
                  Increase in prepaid expenses and other                                   (1,020,198)            (1,783,916)
                  (Increase) Decrease in other assets                                        (634,350)               373,306
                  Increase in accounts payable                                                 39,441                271,588
                  Decrease in accrued liabilities                                          (1,485,384)              (231,730)
                  Decrease in accrued claims payable                                          (90,212)               (92,300)
                  Increase in deferred income taxes                                                --              3,351,427
                                                                                ---------------------------------------------
                      Net cash (used in) provided by operating activities                    (345,254)             1,089,954
                                                                                ---------------------------------------------

Cash Flows From Investing Activities:
     Purchase of property and equipment                                                    (3,731,952)            (1,131,139)
     Proceeds from the sale of property and equipment                                       2,009,000                837,500
                                                                                ---------------------------------------------
                      Net cash used in investing activities                                (1,722,952)              (293,639)
                                                                                ---------------------------------------------

Cash Flows From Financing Activities:
     Proceeds from issuance of long-term debt                                               2,628,684                     --
     Principal payments on long-term debt                                                    (697,703)           (10,232,605)
     Net payments under line-of-credit agreement                                                   --             (4,279,741)
     Principal payments under capitalized lease obligations                                (1,346,462)            (3,558,523)
     Net proceeds from issuance of Class A common stock                                        20,250             19,716,753
     Distributions to stockholders                                                                 --               (605,060)
                                                                                ---------------------------------------------
                      Net cash provided by financing activities                               604,769              1,040,824
                                                                                ---------------------------------------------

Net (Decrease) Increase In Cash                                                            (1,463,437)             1,837,139
Cash at Beginning of Period                                                                 5,571,431                350,380
                                                                                ---------------------------------------------

Cash at End of Period                                                                    $  4,107,994           $  2,187,519
                                                                                =============================================

Supplemental Disclosure of Cash Flow Information:
         Cash paid during the period for interest                                             526,424                820,383
         Cash paid during the period for income taxes                                       1,891,923                     --

Supplemental Schedule of Noncash Investing and Financing Activities:
         Equipment acquired through capitalized lease obligations                                  --              5,784,406
         Sale of equipment in exchange for receivable paid after
              period end                                                                    1,087,500              2,211,000
</TABLE>
The accompanying notes to condensed consolidated financial statements are
an integral part of these condensed consolidated financial statements.




<PAGE>


                                     SIMON TRANSPORTATION SERVICES INC.

                            NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                                (Unaudited)


Note 1.           Basis of Presentation
                  The condensed  consolidated  financial  statements include the
                  accounts  of  Simon  Transportation  Services  Inc.,  a Nevada
                  holding company,  and its wholly owned subsidiary,  Dick Simon
                  Trucking,  Inc.  (together,  the  "Company").  All significant
                  intercompany balances and transactions have been eliminated in
                  consolidation.

                  The financial statements have been prepared, without audit, in
                  accordance  with  generally  accepted  accounting  principles,
                  pursuant to the rules and  regulations  of the  Securities and
                  Exchange  Commission.  In  the  opinion  of  management,   the
                  accompanying  financial  statements  include  all  adjustments
                  which are necessary for a fair presentation of the results for
                  the interim periods  presented,  such  adjustments  being of a
                  normal  recurring  nature.  Certain  information  and footnote
                  disclosures  have been  condensed or omitted  pursuant to such
                  rules  and  regulations.   The  September 31,  1996  condensed
                  consolidated  balance  sheet  was  derived  from  the  audited
                  balance  sheet of the Company  for the year then ended.  It is
                  suggested   that  these   condensed   consolidated   financial
                  statements and notes thereto be read in  conjunction  with the
                  consolidated  financial  statements and notes thereto included
                  in the Form 10-K of Simon Transportation Services Inc. for the
                  year  ended  September  30,  1996.  Results of  operations  in
                  interim periods are not  necessarily  indicative of results to
                  be expected for a full year.

Note 2.           Income Taxes
                  The  provision  for income  taxes for the three  months  ended
                  December  31, 1995  includes a one-time,  non-cash  charge for
                  deferred taxes totaling  $2,980,115  relating to the Company's
                  termination  of its S  corporation  election on  November  17,
                  1995.

Note 3.           Pro Forma Net Earnings Per Common Share
                  Pro  forma  net  income  per  common  share is  determined  by
                  dividing net earnings (loss) by the weighted average number of
                  common   shares   (considering   common   stock   equivalents)
                  outstanding  during the  periods.  Net earnings (loss) for the
                  three-month  period ended December 31, 1995 has been  adjusted
                  to  reflect  the  results  of  operations  as if the   Company
                  had been a C  corporation  and  therefore  subject to   income
                  taxes in the period,  and, to eliminate the effect of the $3.0
                  million one-time, non-cash charge discussed in Note 2.

Forward Looking Statements

This  quarterly  report  and  statements  by  the  Company  in  reports  to  its
stockholders and public filings, as  well  as oral  public statements by Company
representatives may contain certain forward looking  information that is subject
to certain  risks  and uncertainties  that could cause  actual results to differ
materially   from   those  projected.    Without  limitation,  these  risks  and
uncertainties  include  economic  recessions or downturns in customers' business
cycles, excessive increases in  capacity  with  the truckload markets, decreased
demand for transportation services  offered by  the Company, rapid inflation and
fuel  price  increases,  increases in  interest rates,  and the availability and
compensation of  qualified  drivers.  Readers  should  review  and  consider the
various disclosures made by the Company in this quarterly  statement  and in its
reports to its stockholders and periodic reports on Forms 10-K and 10-Q.
<PAGE>


                               MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                                        CONDITION AND RESULTS OF OPERATIONS

Overview

         The Company's  fiscal year ends on September 30 of each year. Thus, the
fiscal  quarters  discussed in this report  represent the Company's first fiscal
quarters of its 1997 and 1996 fiscal years, respectively.  The Company completed
its initial  public  offering  of  approximately  2.4 million  shares of Class A
Common Stock during November 1995.

         The Company operated as an S corporation prior to November 17, 1995. As
a result,  the  Company's  net  taxable  earnings  prior to that date were taxed
directly to the Company's then-existing stockholders rather than to the Company.
The pro forma statement of operations data included in the financial  statements
contained  herein  set forth the  Company's  net earnings (loss) for the periods
presented  as if the Company had been  subject to federal and state income taxes
for  all  periods.  The  termination  of  the  Company's  S  corporation  status
contemporaneously  with its  initial  public  offering  resulted  in a one-time,
non-cash charge of approximately  $3.0 million in recognition of deferred income
taxes,  and the Company  distributed  approximately  $605,000  in S  corporation
earnings to its existing shareholders prior to the offering.

Results of Operations

Three months ended December 31, 1996 and 1995

         Operating revenue increased 66.0% to $34.2 million for the three months
ended  December 31, 1996,  from $20.6  million for the  corresponding  period of
1995. The increase in operating  revenue was primarily  attributable  to a 56.7%
increase in weighted average tractors, to 990 in the 1996 period from 632 in the
1995 period,  and a 6.0%  increase in average  revenue per tractor per week,  to
$2,665 in the 1996 period from $2,513 in the 1995 period.  These  increases were
partially offset by an increase in empty miles percentage to 12.0% from 11.8%.

         Salaries,  wages,  and  benefits  decreased to 38.6% of revenue for the
three months ended December 31, 1996, from 40.0% for the corresponding period of
1995. The change was  attributable  to a leveling of the fixed costs  associated
with salaries paid to shop and administrative personnel.  Salaries and wages for
administrative personnel did not increase proportionately with revenue.

         Fuel and fuel taxes  decreased to 19.5% of revenue for the three months
ended  December  31,  1996,  from  19.6% for the  corresponding  period of 1995,
principally  as a result of an increase in the overall  fuel  efficiency  of the
Company's newer tractor fleet and fuel surcharges implemented with a substantial
number of customers during the 1996 period.  These savings were partially offset
by higher fuel prices in the 1996 period as compared with the 1995 period.

         Operating  supplies and expenses  decreased to 12.7% of revenue for the
three months ended December 31, 1996, from 15.4% for the corresponding period of
1995,  primarily as a result of lower parts and tire replacement costs,  outside
repairs,  and maintenance  expense associated with a decrease in the average age
of the Company's  tractor fleet.  Most of the Company's  tractors are covered by
three-year, 500,000-mile warranties.

         Taxes and  licenses  increased  to 4.2% of revenue for the three months
ended  December  31,  1996,  from  3.4% for the  corresponding  period  of 1995,
primarily as a result of amortizing the remaining  portion of prepaid  licensing
fees for equipment disposed of prior to the end of the licensing year.

         Insurance and claims  increased to 1.8% of revenue for the three months
ended December 31, 1996, from 1.3% for the corresponding  period of 1995 because
of increased claims expense.

         Communications and utilities decreased to 1.6% of revenue for the three
months ended December 31, 1996, from 1.7% for the corresponding  period of 1995,
primarily as a result of reduced rates for the Company's long distance service.

         Depreciation and amortization (adjusted for the net gain on the sale of
property and equipment)  decreased to 4.4% of revenue for the three months ended
December 31, 1996, from 8.4% for the corresponding  period of 1995. The decrease
was primarily  attributable  to the use of operating  leases rather than capital
leases to acquire new equipment  during the period.  The Company  realized a net
gain of $156,931 on the sale of property and revenue  equipment  during the 1996
period compared with a $463,500 net gain during the 1995 period.

         Rent  increased to 10.1% of revenue for the three months ended December
31, 1996, from 2.0% for the corresponding period of 1995 as the Company replaced
equipment that had been financed under capital lease arrangements with equipment
financed under operating  leases.  The Company has utilized  operating leases in
the  most  recent  quarter  because  of more  favorable  terms.  If the  Company
continues to use operating lease financing,  its operating ratio may be affected
in future  periods  because the implied  financing  costs of such  equipment are
included as operating expenses instead of interest expense.

         As a result of the foregoing,  the Company's  operating ratio increased
to 92.9% for the three  months  ended  December  31,  1996,  from  91.9% for the
corresponding period of 1995.

         Net interest expense  decreased to 1.3% of revenue for the three months
ended  December 31, 1996,  from 3.9% for the  corresponding  period in 1995 as a
result of lower average debt and  capitalized  lease  balances and a decrease in
the Company's  average  interest rate in the 1996 period  compared with the 1995
period.

         The Company's  effective combined federal and state income tax rate for
the  three months ended December 31, 1996 was 37.8%, compared with an  estimated
combined federal and state income tax rate of 39.6% used  for  the  three months
ended December 31, 1995.

         As a result of the factors  described  above, net earnings increased to
$1,235,694 for the three months ended December 31, 1996, compared with pro forma
net income of $516,402 for the corresponding period of 1995.


Liquidity and Capital Resources

         The  growth  of  the  Company's   business  has  required   significant
investment in new revenue  equipment that the Company  historically has financed
with  borrowings  under   installment   notes  payable  to  commercial   lending
institutions  and equipment  manufacturers,  equipment  leases from  third-party
lessors,  borrowings  under its line of credit,  funds  provided  by its initial
public offering in November 1995, and cash flow from  operations.  The Company's
primary  sources of liquidity  currently are funds provided by  operations,  and
borrowings and leases with financial institutions and equipment manufacturers.

       The Company's primary source of cash flow from operations is net earnings
adjusted for  depreciation  and deferred income taxes.  The Company's  principal
uses of cash flow from  operations  are to service debt incurred to purchase new
revenue  equipment and internally  finance accounts  receivable  associated with
growth in the business.  Net cash used in operating  activities was $345,254 for
the three months ended December 31, 1996. The primary  sources of funds were net
earnings  increased  by  non-cash  adjustments  of  $1,513,545  in depreciation,
$93,458  in  accounts  receivable,  $39,441  in  accounts payable, and $2,752 in
supplies.  The  primary  uses  of funds  were $1,020,198  to prepay licensing on
revenue  equipment, $1,575,596 to reduce accrued liabilities and claims payable,
and $634,350 to increase other assets.

         Net cash used in  investing  activities  was  $1,722,952  for the three
months ended  December  31, 1996,  as the Company  purchased  $3,731,952  of new
revenue equipment,  and continued  construction of its new terminal in Salt Lake
City,  Utah.  The Company sold revenue  equipment  for  $2,009,000.  The Company
expects  capital  expenditures  (primarily  for  revenue  equipment,   satellite
communications   units,  and  the  construction  of  a  new  main  terminal  and
headquarters  facility),  net of revenue  equipment  sales and trade-ins,  to be
approximately $34.0 million in calendar 1997.

         Net cash  provided by  financing  activities  was  $604,769 in the 1996
period,  consisting  primarily  of  $2.6  million  of  new  borrowings  for  the
construction  of the new  terminal,  and  payments of $2.0  million of principal
under the  Company's  long-term  debt,  line of credit,  and  capitalized  lease
agreements. In addition, the Company received $20,250 from the exercise of stock
options  and the  issuance  of  stock  to  individuals  who  participate  in the
Company's stock option plans.

         The Company  maintains a $5  million,  unsecured  line of credit with a
financial  institution.  Borrowings  on the  line of  credit  bear  interest  at
one-half percent (.5%) above the 30-day London Interbank  Offered Rate ("LIBOR")
in effect  from time to time.  The  Company  had not drawn  against  the line of
credit at December 31, 1996.
                                                         .

<PAGE>


                                                      PART II

                                                 OTHER INFORMATION


Item 1.           Legal Proceedings.

                  No reportable  events or material  changes occurred during the
                  quarter for which this report is filed.

Item 2.           Changes in Securities.

                  None.

Item 3.           Defaults Upon Senior Securities.

                  None.

Item 4.           Submission of Matters to a Vote of Security Holders.

                  None.

Item 5.           Other Information.

                  None.

Item 6.           Exhibits and Reports on Form 8-K.

                  (a)      Exhibits

Number     Description
 3.1    *  Articles of Incorporation
 3.2    *  Bylaws
 4.1    *  Articles of Incorporation
 4.2    *  Bylaws
 4.3    *  Formation Agreement dated May 31, 1995, among Richard D. 
           Simon, Trustee of the Richard D. Simon Trust, UTAD 2/12/93,
           Kelle Allen Simon, Arthur Lynn Simon (also known as Lyn 
           Simon), Sherry Lee Simon Bokovoy, Richard D. Simon, Jr. and
           Alban Lang.
10.2    *  Outside Director Stock Option Plan.
10.3    *  Incentive Stock Plan.
10.4    *  401(k) Plan.
10.5    *  Exchange Agreement dated April 19, 1995, among Richard D. Simon,
           Trustee of the Richard D. Simon Revocable Trust, UTAD 2/12/93, and
           Richard D. Simon as a sole proprietorship d/b/a R.D. Simon Trucking,
           Kelle A. Simon, A. Lyn Simon, Sherry L. Simon Bokovoy, Richard D.
           Simon, Jr., Alban B. Lang, and Dick Simon Trucking, Inc., a Utah
           corporation.
10.6    *  Formation Agreement dated May 31, 1995, among Richard D. Simon,
           Trustee of the Richard D. Simon Trust, UTAD 2/12/93, Kelle Allen 
           Simon, Arthur Lynn Simon (also known as Lyn Simon), Sherry Lee
           Simon Bokovoy, Richard D. Simon, Jr. and Alban Lang.


<PAGE>


Number     Description
10.10   *  Plan of Merger dated April 19, 1995 between Freight Sales, Inc. and
           the Richard D. Simon Trust, UTAD 2/12/93, Kelle A. Simon, Lyn Simon,
           Richard D. Simon, Jr. Sherry Simon Bokovoy, and Alban Lang as 
           officers, directors, and/or shareholders of Dick Simon Trucking,
           Inc., a Utah corporation.
10.11   #  Loan  Agreement  (Line  of  Credit)  dated  April  29,  1996
           (replaced loan agreement  dated December 1, 1995) between U.S.
           Bank of Utah and Simon Transportation Services Inc.
10.12   #  Loan Agreement (Headquarter's Loan) dated May 23, 1996 between U.S.
           Bank of Utah and Dick Simon Trucking, Inc.
10.13      Description of Executive Bonus Plan.




        *       Incorporated by reference from the Company's Registration 
                Statement on Form S-1, Registration No. 33-96876, effective
                November 17, 1995.

        #       Incorporated by reference from the Company's Quarterly Report on
                Form 10-Q for the period ended June 30, 1996, Commission File
                No. 0-27208, dated August 9, 1996.

                  (b)      Reports on Form 8-K.

                           None.


<PAGE>


                                     SIGNATURE

                  Pursuant to the  requirements  of the  Securities and Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned thereunto duly authorized.


                                           SIMON TRANSPORTATION SERVICES INC.,
                                           a Nevada corporation

Date:    January 22, 1997         By:      /s/ Alban B. Lang
         -----------------------           -----------------
                                           (Signature)
                                           Alban B. Lang
                                           Treasurer and Chief Financial Officer