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 March 31, 2002

( )      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)


                              5175 West 2100 South
                          West Valley City, Utah 84120
                                 (801) 924-7000
              (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 (May 31, 2002).

             Class A Common Stock, $.01 par value: 6,115,109 shares
                   Class B Common Stock, $.01 par value: None

                                                     Exhibit Index is on Page 18

<PAGE>



                                    SIMON TRANSPORTATION SERVICES INC.
                                             TABLE OF CONTENTS

                                                  PART I

                                           FINANCIAL INFORMATION


<TABLE>
<S>           <C>                                                                             <C>
                                                                                                   PAGE
                                                                                                  NUMBER
                                                                                              ---------------

Item 1.       Financial Statements:

              Condensed Consolidated Statements of Financial Position as of March 31, 2002
                       and September 30, 2001                                                              3

              Condensed Consolidated Statements of Operations for the Three and Six Month
                       Periods Ended March 31, 2002 and 2001                                               4

              Condensed Consolidated Statements of Cash Flows for the Six Months Ended March
                       31, 2002 and 2001                                                                   6

              Notes to Condensed Consolidated Financial Statements                                         7

Item 2.       Management's Discussion and Analysis of Financial Condition and Results of
                       Operations                                                                         10

</TABLE>


                                                  PART II

                                             OTHER INFORMATION


<TABLE>
<S>           <C>                                                                             <C>

Item 1.       Legal Proceedings                                                                           15

Item 2.       Changes in Securities                                                                       17

Item 3.       Defaults Upon Senior Securities                                                             17

Item 4.       Submission of Matters to a Vote of Security Holders                                         17

Item 5.       Other Information                                                                           17

Item 6.       Exhibits and Reports on Form 8-K                                                            18

</TABLE>
<PAGE>




                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                       SIMON TRANSPORTATION SERVICES INC.
             CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
<TABLE>
<CAPTION>

                                     ASSETS
<S>                                                                      <C>                         <C>
                                                                                March 31, 2002            September 30, 2001
                                                                                --------------            ------------------
                                                                             (Liquidation Basis -        (Going Concern Basis)
                                                                                  Unaudited)
Current Assets:
     Cash                                                                       $     2,014,909            $              -
     Receivables, net of valuation allowance of $7,263,835 and an
         allowance for doubtful accounts of $607,000, respectively                   17,198,341                  36,495,339
     Operating supplies                                                                 882,071                   1,302,067
     Prepaid expenses and other                                                       3,747,207                   2,528,675
                                                                         -----------------------     ------------------------
         Total current assets                                                        23,842,528                  40,326,081
                                                                         -----------------------     ------------------------

Property and Equipment, at cost:
     Land                                                                             8,222,970                   8,884,752
     Revenue equipment                                                               73,991,343                  73,409,529
     Buildings and improvements                                                      18,209,345                  18,650,478
     Office furniture and equipment                                                   9,962,275                   9,906,788
                                                                         -----------------------     ------------------------
                                                                                    110,385,933                 110,851,547
     Less accumulated depreciation and amortization                                 (39,399,334)                (27,056,006)
                                                                         -----------------------     ------------------------
                                                                                     70,986,599                  83,795,541
                                                                         -----------------------     ------------------------
Other Assets                                                                          3,158,526                   5,574,182
                                                                         -----------------------     ------------------------
                                                                                $    97,987,653            $    129,695,804
                                                                         =======================     ========================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities Not Subject to Compromise:
     Long-term debt                                                             $    30,807,314            $     32,164,357
     Capital lease obligations                                                                -                  42,373,463
     Accounts payable                                                                   407,338                  11,329,148
     Accrued liabilities                                                             10,955,854                  12,324,242
     Accrued operating lease payments                                                         -                   6,809,609
     Accrued liability for guaranteed lease residuals                                         -                   6,047,868
     Accrued claims payable                                                           1,451,970                   9,520,721
                                                                         -----------------------     ------------------------
         Total liabilities not subject to compromise                                 43,622,476                 120,569,408
                                                                         -----------------------     ------------------------

Liabilities Subject to Compromise                                                   114,020,030                           -
                                                                         -----------------------     ------------------------

Stockholders' (Deficit) Equity:
     Preferred stock, $.01 par value, 5,000,000 shares authorized:
         Series I convertible preferred stock, 162,401 shares issued,
              with a liquidation preference of $7,008,416                             4,000,499                   4,000,499
         Series II convertible preferred stock, 130,042 shares issued,
              with a liquidation preference of $2,132,687                             1,194,935                   1,194,935
     Class A common stock, $.01 par value, 20,000,000         shares
     authorized, 6,291,709 shares issued                                                 62,917                      62,917
     Class B common stock, $.01 par value, 5,000,000 shares
         authorized, none issued                                                              -                           -
     Additional paid-in capital                                                      51,865,007                  51,865,007
     Treasury stock, 176,600 shares at cost                                          (1,053,147)                 (1,053,147)
     Preferred stock warrants                                                         3,559,918                   3,559,918
     Accumulated deficit                                                           (119,284,982)                (50,503,733)
                                                                         -----------------------     ------------------------
         Total stockholders' (deficit) equity                                       (59,654,853)                  9,126,396
                                                                         -----------------------     ------------------------
                                                                                $    97,987,653            $    129,695,804
                                                                         =======================     ========================

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

<PAGE>


                       SIMON TRANSPORTATION SERVICES INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                        For the Three Months Ended
                                                                         ----------------------------------------------------
<S>                                                                      <C>                         <C>
                                                                             March 31, 2002              March 31, 2001
                                                                             --------------              --------------
                                                                          (Liquidation Basis)         (Going Concern Basis)

Operating revenue                                                          $       58,672,751           $       64,063,814
                                                                         -----------------------     ------------------------

Operating expenses:
     Salaries, wages, and benefits                                                 22,513,959                   25,829,375
     Fuel & fuel taxes                                                             11,351,209                   14,482,675
     Operating supplies and expenses                                               12,365,652                    9,139,558
     Taxes and licenses                                                             2,890,786                    2,270,859
     Insurance and claims                                                           6,758,974                    3,706,501
     Communications and utilities                                                   1,258,972                    1,335,676
     Depreciation and amortization                                                  2,351,652                    1,624,215
     Purchased transportation                                                      10,535,109                    3,662,704
     Rent                                                                          10,752,551                   10,371,913
     Loss on lease residual guarantees                                              3,385,294                            -
     Loss on valuation of assets at liquidation basis                              26,400,175                            -
                                                                         -----------------------     ------------------------
         Total operating expenses                                                 110,564,333                   72,423,476
                                                                         -----------------------     ------------------------
         Operating loss                                                           (51,891,582)                  (8,359,662)
Interest expense                                                                   (1,623,383)                    (467,522)
Other income (expense)                                                             (2,264,293)                           -
                                                                         -----------------------     ------------------------
Loss before income taxes                                                          (55,779,258)                  (8,827,184)
Benefit for income taxes                                                                    -                            -
                                                                         -----------------------     ------------------------
Net loss                                                                   $      (55,779,258)          $       (8,827,184)
                                                                         =======================     ========================
Dividends related to convertible preferred stock                           $         (218,884)          $                -
                                                                         =======================     ========================
Net loss attributable to common stockholders                               $      (55,998,142)          $       (8,827,184)
                                                                         =======================     ========================
Basic and diluted net loss per common share                                $            (9.16)          $            (1.44)
                                                                         =======================     ========================
Basic and diluted weighted average common shares outstanding                        6,115,109                    6,115,109
                                                                         =======================     ========================
<FN>
                    The accompanying notes to condensed consolidated financial
                      statements are an integral part of these condensed
                      consolidated financial statements.
</FN>
</TABLE>



<PAGE>


                       SIMON TRANSPORTATION SERVICES INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                         For the Six Months Ended
                                                                         ----------------------------------------------------
<S>                                                                      <C>                         <C>
                                                                             March 31, 2002              March 31, 2001
                                                                             --------------              --------------
                                                                          (Liquidation Basis)         (Going Concern Basis)

Operating revenue                                                         $       132,083,764          $       129,573,173
                                                                         -----------------------     ------------------------

Operating expenses:
     Salaries, wages, and benefits                                                 46,380,905                   51,845,763
     Fuel & fuel taxes                                                             23,575,012                   29,311,869
     Operating supplies and expenses                                               22,639,954                   17,920,287
     Taxes and licenses                                                             4,865,598                    4,569,971
     Insurance and claims                                                          13,142,412                    7,208,522
     Communications and utilities                                                   2,714,540                    2,604,141
     Depreciation and amortization                                                  4,880,609                    2,596,934
     Purchased transportation                                                      20,351,766                    4,183,336
     Rent                                                                          21,283,106                   20,274,021
     Loss on lease residual guarantees                                              7,752,475                            -
     Loss on valuation of assets to liquidation basis                              26,400,175                            -
                                                                         -----------------------     ------------------------
         Total operating expenses                                                 193,986,552                  140,514,844
                                                                         -----------------------     ------------------------
         Operating loss                                                           (61,902,788)                 (10,941,671)
Interest expense                                                                   (3,252,738)                    (878,561)
Other income (expense)                                                             (3,187,956)                           -
                                                                         -----------------------     ------------------------
Loss before income taxes                                                          (68,343,482)                 (11,820,232)
Benefit for income taxes                                                                    -                            -
                                                                         -----------------------     ------------------------
Net loss                                                                  $       (68,343,482)         $       (11,820,232)
                                                                         =======================     ========================
Dividends related to convertible preferred stock                          $          (437,767)         $                 -
                                                                         =======================     ========================
Net loss attributable to common stockholders                              $       (68,781,249)         $       (11,820,232)
                                                                         =======================     ========================
Basic and diluted net loss per common share                               $            (11.25)         $            (1.93)
                                                                         =======================     ========================
Basic and diluted weighted average common shares outstanding                        6,115,109                    6,114,862
                                                                         =======================     ========================

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


<PAGE>


                       SIMON TRANSPORTATION SERVICES INC.
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                          For the Six Months Ended
                                                                               ----------------------------------------------
<S>                                                                            <C>                    <C>
                                                                                   March 31, 2002         March 31, 2001
                                                                                   --------------         --------------
                                                                                (Liquidation Basis)   (Going Concern Basis)
Cash Flows From Operating Activities:
     Net loss                                                                      $    (68,343,482)      $   (11,820,232)
     Adjustments to reconcile net loss to net cash used in
         operating activities:
              Depreciation and amortization                                               4,880,608             2,596,934
              Loss on valuation of assets at liquidation basis                           26,400,175                     -
              Changes in operating assets and liabilities:
                  Receivables, net                                                       12,033,163              (497,495)
                  Operating supplies                                                        419,996               (92,697)
                  Prepaid expenses and other                                             (2,535,242)             (861,951)
                  Other assets                                                           (5,318,719)           (1,588,191)
                  Accounts payable                                                       (3,324,130)              845,372
                  Accrued liabilities                                                     6,638,244             1,564,931
                  Accrued operating lease payments                                       17,793,148                     -
                  Accrued liability for guaranteed lease residuals                        7,752,475                     -
                  Accrued claims payable                                                  2,934,813               324,451
                                                                               ----------------------------------------------
                      Net cash used in operating activities                                (668,951)           (9,528,878)
                                                                               ----------------------------------------------

Cash Flows From Investing Activities:
     Purchase of property and equipment                                                  (5,846,975)           (7,974,690)
     Proceeds from the sale of property and equipment                                     2,669,419             5,751,119
                                                                               ----------------------------------------------
                      Net cash used in investing activities                              (3,177,556)           (2,223,571)
                                                                               ----------------------------------------------

Cash Flows From Financing Activities:
     Proceeds from issuance of long-term debt                                            11,851,999            14,195,000
     Principal payments on long-term debt                                                  (160,393)           (1,506,067)
     (Payments) borrowings under line-of-credit agreement                                (4,006,919)              900,000
     Principal payments under capital lease obligations                                  (1,823,271)             (778,478)
     Net proceeds from issuance of common stock                                                   -                19,550
                                                                               ----------------------------------------------
                      Net cash provided by financing activities                           5,861,416            12,830,005
                                                                               ----------------------------------------------

Net Increase In Cash                                                                      2,014,909             1,077,556
Cash at Beginning of Period                                                                       -             3,331,119
                                                                               ----------------------------------------------

Cash at End of Period                                                              $      2,014,909       $     4,408,675
                                                                               ==============================================

Supplemental Disclosure of Cash Flow Information:
         Cash paid during the period for interest                                  $        517,062       $       896,044
         Cash paid during the period for income taxes                                             -                44,932

Supplemental Schedule of Noncash Investing and Financing Activities:
         Preferred stock dividends accrued but not paid                            $        437,767       $             -
<FN>
                    The accompanying notes to condensed consolidated financial
                      statements are an integral part of these condensed
                      consolidated financial statements.
</FN>
</TABLE>



<PAGE>


                       SIMON TRANSPORTATION SERVICES INC.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


(1)      PROCEEDINGS UNDER CHAPTER 11 OF THE BANKRUPTCY CODE

         On February 25, 2002 ("Petition Date"), Simon Transportation Services,
Inc. and its wholly-owned subsidiary, Dick Simon Trucking, Inc. filed voluntary
petitions for reorganization under Chapter 11 of the federal bankruptcy laws
("Bankruptcy Code" or "Chapter 11") in the United States Bankruptcy Court for
the District of Utah (the "Court"). On March 26, 2002, Simon Terminal LLC, a
wholly-owned subsidiary of Simon Transportation Services, Inc. also filed a
voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in
the Court. The reorganizations are being jointly administered under the caption
"In re Simon Transportation Services, Inc., et al, case No. 02-22906 GEC." Simon
Transportation Services, Inc., Dick Simon Trucking, Inc. and Simon Terminal LLC
are collectively referred to as the "Company". The Company decided to reorganize
because its financial condition had substantially deteriorated as a result of a
number of operating setbacks, including reduced shipping demand caused by the
general national economic decline, a scarcity of qualified drivers, declining
market values of used tractor and trailers, problems stemming from two
acquisitions in fiscal 2001, periods of high fuel costs and increased driver and
insurance costs. During 2001, the Company's negative cash flow and operating
losses led to a partial deferral of payments owed for tractors and trailers. In
January 2002, principally due to softness in the freight market, Simon was
forced to discontinue substantially all payments to lien holders.

         As debtor-in-possession under the Bankruptcy Code, the Company was
authorized to continue to operate as an ongoing business, but may not engage in
transactions outside the ordinary course of business without the approval of the
Court, after notice and an opportunity for a hearing. Under the Bankruptcy Code,
actions to collect pre-petition indebtedness, as well as most other pending
litigation, are stayed and other contractual obligations against the Company may
not be enforced. In addition, under the Bankruptcy Code, the Company may assume
or reject executory contracts, including lease obligations. Parties affected by
these rejections may file claims with the Court in accordance with the
reorganization process. Unless otherwise specifically addressed, the Company's
pre-petition liabilities will be determined and liquidated under a plan of
liquidation to be approved by the Court.

         On February 27, 2002, the Court gave interim approval for $2 million of
a $5 million senior secured debtor-in-possession financing facility ("DIP Credit
Facility") for payment of permitted pre-petition claims, working capital needs,
letters of credit and other general corporate purposes. On March 8, 2002, the
Court approved the entire $5 million DIP Credit Facility to supplement the
Company's operations during the reorganization process.

         On March 11, 2002, the Company filed a motion with the Court for bid
and auction procedures for a sale of the Company's assets and operations. On
March 21, 2002, the Court approved the bid and auction procedures. The Company
engaged the services of Morgan Keegan and Company to assist in soliciting bids
for the sale of the Company's operations and assets. On April 8, 2002, the
operations and assets of the Company were sold, subject to final negotiation of
the Asset Purchase Agreement , to Central Refrigerated Services, Inc., a
wholly-owned subsidiary of Central Freight Lines, Inc. The sale of substantially
all of the Company's assets and operations was completed on April 22, 2002.

         On June 7, 2002 the Company publicly announced through a press release
and the filing of a Form 8-K with the Securities and Exchange Commission that it
would be filing a liquidating plan with the Court, part of which will be a
proposal to cancel the interests of the holders of the Company's common stock.
The Company expects that unsecured creditors will receive, at best, cents on the
dollar for their claims. Accordingly, the Company does not expect the holders of
its common stock to receive any return of their investment or any distribution
under the liquidation plan. On June 6, 2002 the Company sent notification to
market makers in the Company's stock and major broker-dealers of its intentions
and requested that they cease making markets and trading in the Company's common
stock.


<PAGE>


(2)      BASIS OF PRESENTATION

         The condensed consolidated financial statements include the accounts of
Simon Transportation Services Inc. and its wholly-owned subsidiaries. Simon
Transportation Services Inc. was incorporated in Nevada on August 15, 1995 to
acquire all of the outstanding capital stock of Dick Simon Trucking, Inc., a
Utah corporation. During fiscal 2001, Simon Terminal LLC, an Arizona limited
liability company, was formed as a wholly owned subsidiary of Simon
Transportation Services Inc. for the purpose of holding the real estate assets
related to the Salt Lake City headquarters and terminal and in connection with a
debt financing on the Salt Lake City headquarters and terminal. All intercompany
accounts and transactions have been eliminated in consolidation.

         Up until the time of the sale of substantially all of its operations
and assets, the Company was a truckload carrier that specialized in premium
service, primarily through temperature-controlled transportation predominantly
for major shippers in the U.S. food industry.

         The accompanying condensed consolidated financial statements as of
March 31, 2002 and for the three and six-month periods then ended have been
prepared on a liquidation basis with assets presented at their estimated net
realizable values based upon the allocated value in the sale of the Company's
assets and operations or relevant market data. Liabilities are subject to the
resolution of the Court and until the Court resolves their disposition, will be
presented at their historical carrying values. The accompanying condensed
consolidated financial statements as of September 30, 2001 and for the three and
six-month periods ended March 31, 2001 have been prepared on a going concern
basis. Accordingly, the financial statements for the fiscal 2002 periods are not
comparable with those presented for the fiscal 2001 periods.

         The preparation of financial statements in conformity with accounting
principles generally accepted in the United States requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from these estimates.

         The financial statements have been prepared, without audit, in
accordance with accounting principles generally accepted in the United States,
pursuant to the rules and regulations of the Securities and Exchange Commission.
The financial statements have not been reviewed by independent public
accountants. The Company's independent public accounting firm has historically
been Andersen. However, in May 2002, the audit and tax practice personnel of
Andersen in Salt Lake City left Andersen and joined KPMG. Andersen no longer has
a tax and audit practice in Salt Lake City. As a result of the change at
Andersen and the sale of the Company's assets and pending liquidation of
liabilities, the timing or completion of a review of the financial statements is
uncertain. In the opinion of management, the accompanying financial statements
include all adjustments 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 30, 2001 condensed
consolidated statement of financial position was derived from the audited
balance sheet of the Company as of September 30, 2001. 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, 2001. Results of operations in interim periods are not
necessarily indicative of results to be expected for a full year.


(3)      RECENT DEVELOPMENTS - SALE OF OPERATIONS AND ASSETS

         On April 8, 2002, the operations and assets of the Company were sold,
subject to final negotiation of an asset purchase agreement, to Central
Refrigerated Services, Inc. ("Central"), a wholly-owned subsidiary of Central
Freight Lines, Inc. The sale of the Company's assets and operations was closed
on April 22, 2002. In connection with the sale, Central paid approximately $51
million for the acquired assets and operations. The consideration for the
purchase price was paid through the assumption of approximately $49 million of
the Company's liabilities and payment of approximately $2.5 million in cash. In
addition, Central agreed to pay the Company 50 percent of amounts collected in
excess of $20 million related to receivables and 25 percent of amounts collected
in excess of $4 million related to insurance premium refunds and deposits.
Additionally, Central separately negotiated with certain of the Company's
lessors to lease some of the Company's revenue equipment. Several of the lessors
<PAGE>
agreed to waive certain administrative and unsecured claims against the Company
as a result of these negotiations.

(4)      BASIC AND DILUTED EARNINGS PER SHARE

As a result of the losses attributable to common stockholders, no common stock
equivalents are considered in the calculation of weighted average shares
outstanding for the purpose of computing basic and diluted earnings per share.

(5)      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reclassifications

         Certain reclassifications have been made in the prior period financial
statements to conform to the presentation for the three and six-month periods
ended March 31, 2002.


<PAGE>


Item 2.  Management's Discussion and Analysis of Financial Condition and Results
of Operations

Forward-looking Statements

         Except for the historical information contained herein, the discussion
in this quarterly report on Form 10-Q contains forward-looking statements that
involve risks, assumptions, and uncertainties that are difficult to predict.
Words such as "anticipate," "believe," "estimate," "project," "may," "could,"
"expects," "likely," variations of these words, and similar expressions, are
intended to identify such forward-looking statements. Such statements are based
upon the current beliefs and expectations of the Company's management and are
subject to significant risks and uncertainties. The Company claims the
protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 for all forward-looking
statements. The Company's actual results could differ materially from those
discussed herein.

         The Company's fiscal year ends on September 30 of each year. Thus, the
fiscal quarters discussed in this report represent the Company's second fiscal
quarters of its 2002 and 2001 fiscal years, respectively.

Recent Developments

         On February 25, 2002 ("Petition Date"), Simon Transportation Services,
Inc. and its wholly-owned subsidiary, Dick Simon Trucking, Inc. filed voluntary
petitions for reorganization under Chapter 11 of the federal bankruptcy laws
("Bankruptcy Code" or "Chapter 11") in the United States Bankruptcy Court for
the District of Utah (the "Court"). On March 26, 2002, Simon Terminal LLC, a
wholly-owned subsidiary of Simon Transportation Services, Inc. also filed a
voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in
the Court. The reorganizations are being jointly administered under the caption
"In re Simon Transportation Services, Inc. et al, case No. 02-22906 GEC." Simon
Transportation Services, Inc., Dick Simon Trucking, Inc. and Simon Terminal LLC
are collectively referred to as the "Company". The Company decided to reorganize
because its financial condition had substantially deteriorated as a result of a
number of operating setbacks, including reduced shipping demand caused by the
general national economic decline, a scarcity of qualified drivers, declining
market values of used tractor and trailers, problems stemming from two
acquisitions in fiscal 2001, periods of high fuel costs and increased driver and
insurance costs. During 2001, the Company's negative cash flow and operating
losses led to a partial deferral of payments owed for tractors and trailers. In
January 2002, principally due to softness in the freight market, Simon was
forced to discontinue substantially all payments to lien holders.

         As debtor-in-possession under the Bankruptcy Code, the Company was
authorized to continue to operate as an ongoing business, but may not engage in
transactions outside the ordinary course of business without the approval of the
Court, after notice and an opportunity for a hearing. Under the Bankruptcy Code,
actions to collect pre-petition indebtedness, as well as most other pending
litigation, are stayed and other contractual obligations against the Company may
not be enforced. In addition, under the Bankruptcy Code, the Company may assume
or reject executory contracts, including lease obligations. Parties affected by
these rejections may file claims with the Court in accordance with the
reorganization process. Unless otherwise specifically addressed, the Company's
pre-petition liabilities will be determined and liquidated under a plan of
liquidation to be approved by the Court.

         On February 27, 2002, the Court gave interim approval for $2 million of
a $5 million senior secured debtor-in-possession financing facility ("DIP Credit
Facility") for payment of permitted pre-petition claims, working capital needs,
letters of credit and other general corporate purposes. On March 8, 2002, the
Court approved the entire $5 million DIP Credit Facility to supplement the
Company's operations during the reorganization process.

         On March 11, 2002, the Company filed a motion with the Court for bid
and auction procedures for a sale of the Company's assets and operations. On
March 21, 2002, the Court approved the bid and auction procedures. The Company
engaged the services of Morgan Keegan and Company to assist in soliciting bids
for the sale of the Company's operations and assets. On April 8, 2002, the
operations and assets of the Company were sold, subject to final negotiation of
<PAGE>
the sale agreement, to Central Refrigerated Services, Inc., a wholly-owned
subsidiary of Central Freight Lines, Inc. The sale of substantially all of the
Company's assets and operations was completed on April 22, 2002.

         On June 7, 2002 the Company publicly announced through a press release
and filing the filing of a Form 8-K with the Securities and Exchange Commission
that it would be filing a liquidating plan with the Court, part of which will be
a proposal to cancel the interests of the holders of the Company's common stock.
The Company expects that unsecured creditors will receive, at best, cents on the
dollar for their claims. Accordingly, the Company does not expect the holders of
its common stock to receive any return of their investment or any distribution
under the liquidation plan. On June 6, 2002 the Company sent notification to
market makers in the Company's stock and major broker-dealers of its intentions
and requested that they cease making markets and trading in the Company's common
stock.


Liquidity and Capital Resources

         As described above, the Company sold substantially all of its assets
and liabilities on April 22, 2002. In connection with that sale, the Company
generated net cash of approximately $2.5 million and relieved debt of
approximately $49 million. The Company's liabilities far exceed its assets. The
Company currently does not have any business operations and is in the process of
preparing to file a plan of liquidation with the Court. The proposed plan of
liquidation contains the following provisions for settlement of outstanding
liabilities:

o        Administrative Expense Claims - (including fees for attorneys and
         accountants, expenses incurred after the date of filing bankruptcy,
         claims of vendors and lessors incurred subsequent to the date of filing
         bankruptcy and any post-bankruptcy filing taxes) will be paid in full
         on the effective date of the plan of liquidation ("Effective Date").
o        Priority Claims, including but not limited to priority tax claims -
         will be paid, exclusive of penalties and post-bankruptcy filing
         interest, as soon as practicable.
o        Priority Unsecured Claims - (including priority wage, employee benefit
         and tax claims) will be paid in full on the Effective Date.
o        General Unsecured Claims - will be paid on a pro rata basis from the
         remaining funds held by the Company after payment of the Administrative
         Expense Claims, U.S. Trustee fees, Priority Tax Claims and Priority
         Unsecured Claims.
o        Interests of Common and Preferred Stockholders - will be extinguished
         with no distribution.
o        Unexpired  leases and  executory  contracts  - any not  previously
         rejected  or assumed  and  assigned to Central will be rejected as of
         the Effective Date.

         The Company currently has approximately $3.0 million in cash on
deposit. Additionally, the Company might obtain additional funds through the
pursuit of preferential payment claims against certain of the Company's vendors.
However, no estimate has been made of the potential amount of these claims.


Results of Operations

Three months ended March 31, 2002 and 2001

         Operating revenue decreased $5.4 million (8.4%) to $58.7 million for
the three months ended March 31, 2002, from $64.1 million for the corresponding
period of 2001. Weighted average tractors decreased 5.3%, to 2,075 in the 2002
period from 2,192 in the 2001 period. Average revenue per tractor per week
decreased to $2,179 during the 2002 period from $2,285 during the 2001 period.
Average revenue per loaded mile excluding fuel surcharge increased to $1.29
($1.30 including fuel surcharge) during the 2002 period from $1.24 ($1.32
including fuel surcharge) in the 2001 period. This was offset by a decrease in
the average miles per tractor per week to 1,921 in 2002 from 1,985 in 2001. The
decrease in the weighted average number of tractors during the 2002 period was
the result of a reduction in the size of the Company's fleet in connection with
the February 25, 2002 bankruptcy filing.

         Salaries, wages, and benefits decreased $3.3 million (12.8%) to $22.5
million during the quarter ended March 31, 2002, from $25.8 million in the 2001
period. As a percentage of revenue, salaries, wages, and benefits decreased to
38.3% of revenue for the three months ended March 31, 2002, from 40.2% for the
corresponding period of 2001. This decrease was due to an increase in
<PAGE>
owner-operator tractors and decreases in administrative personnel salaries
offset by increases in driver wages. In response to continued operating losses,
the Company reduced its headcount by approximately 200 administrative and shop
personnel in February 2002.

         In early fiscal 2001, the Company implemented an owner-operator driver
program. As of March 31, 2002, the Company had approximately 400 owner-operator
tractors under this program or approximately 25.6% of its fleet. Owner-operators
are paid a flat rate per mile and are responsible for all associated expenses,
including financing costs, fuel, maintenance, insurance and certain taxes.
Amounts paid to owner-operators are classified as "Purchased Transportation" in
the accompanying Consolidated Statements of Operations. Accordingly, a portion
of the costs that would have been classified as wages, fuel, depreciation,
interest and other expenses are now classified as purchased transportation. This
increase in the number of owner-operator tractors in the fleet more than offset
the driver wage increases and contributed to the decrease in salaries, wages and
benefits.

         Fuel and fuel taxes decreased $3.1 million (21.4%) to $11.4 million
during the quarter ended March 31, 2002, from $14.5 million in the 2001 period.
As a percentage of revenue, fuel and fuel taxes decreased to 19.4% of revenue
for the three months ended March 31, 2002, from 22.6% of revenue for the
corresponding period of 2001. This was principally the result of a 19.6%
decrease in the average price of fuel to $1.11 per gallon in the 2002 quarter
from $1.38 per gallon in the 2001 quarter, and the increase in the Company's
owner-operator fleet.

         Operating supplies and expenses increased $3.3 million (36.3%) to $12.4
million during the quarter ended March 31, 2002 from $9.1 million in the 2001
period. As a percentage of revenue, operating supplies and expenses increased to
21.1% of revenue for the three months ended March 31, 2002, from 14.2% for the
corresponding period of 2001. The increase is primarily attributable to
increases in parts and repairs, professional fees, recruiting and other costs
associated with driver turnover.

         Taxes and licenses increased $.6 million (26.1%) to $2.9 million during
the quarter ended March 31, 2002, from $2.3 million for the corresponding period
of 2001. As a percentage of revenue, taxes and licenses increased to 4.9% of
revenue for the three months ended March 31, 2002, compared with 3.6% for the
corresponding period of 2001. This increase is primarily the result of expensing
prepaid licensing fees associated with the Company's reduced fleet size.

         Insurance and claims increased $3.1 million (83.8%) to $6.8 million
during the quarter ended March 31, 2002, from $3.7 million during the quarter
ended March 31, 2001. As a percentage of revenue, insurance and claims increased
to 11.6% for the three months ended March 31, 2002, compared with 5.8% for the
corresponding period of 2001, primarily as a result of increased premiums for
insurance, increased claims associated with driver turnover and adjustments to
historical reserves based upon developments in the claims over time.

         Communications and utilities remained relatively unchanged at $1.3
million for the quarter March 31, 2002, compared to the quarter ended March 31,
2001. As a percentage of revenue, communications and utilities increased to 2.2%
of revenue for the three months ended March 31, 2002, compared with 2.0% for the
corresponding period of 2001. The Company pays a fixed base charge per tractor
for its satellite communications.

         Depreciation and amortization increased $0.8 million (50.0%) to $2.4
million during the quarter ended March 31, 2002, from $1.6 million for the
corresponding period of 2001. As a percentage of revenue, depreciation and
amortization (adjusted for the net loss on the sale of property and equipment)
increased to 4.1% for the three months ended March 31, 2002, from 2.5% for the
corresponding period of 2001, primarily because of amortization expense on
revenue equipment acquired under capital lease obligations during fiscal 2001.
Depreciation and amortization was adjusted for a net loss on the sale of revenue
equipment of $0.6 million during the 2001 period.

         Purchased transportation increased to $10.5 million in the 2002 quarter
from $3.7 million in the 2001 quarter. As a percentage of revenue, purchased
transportation increased to 17.9% during the 2002 fiscal year from 5.8% during
the 2001 fiscal year primarily as a result of the Company's new emphasis on
building its owner-operator fleet. The Company had approximately 400
owner-operator tractors in its fleet at March 31, 2002.
<PAGE>
         Rent increased $0.4 million (3.8%) to $10.8 million for the quarter
ended March 31, 2002, from $10.4 million for the corresponding period of 2001.
As a percentage of revenue, rent increased to 18.4% of revenue for the three
months ended March 31, 2002, from 16.2% for the corresponding period of 2001.
This increase was primarily attributable to lower utilization due to soft
freight partially offset by the shift from Company owned tractors to tractors
supplied by owner-operators.

         The Company has guaranteed a substantial portion of the residual values
on all of its leased tractors and trailers. These residual guarantees total
approximately $126.1 million at March 31, 2002. Based upon current market prices
for used tractors and trailers, management estimates that the difference between
the residual guarantees and the projected value of the equipment at the
termination of the leases is approximately $25.0 million. Effective August 1,
2001, the Company began accruing this potential liability over the remaining
life of the leases in accordance with EITF 96-21. As of March 31, 2002, the
Company has recorded an accrued liability for guaranteed lease residuals of
$13.4 million. Prior to August 1, 2001, it was not probable that any residual
guarantee payments would be required. The remainder of the estimated loss (as
adjusted for future market conditions) will be accrued over the remaining terms
of the related leases.

         A loss of $26.4 million was recorded in the quarter ended March 31,
2002 in connection with preparing the accompanying balance sheet on a
liquidation basis.

         As a result of the foregoing, the Company's operating ratio increased
to 188.4% for the three months ended March 31, 2002, from 112.9% for the
corresponding period of 2001.

         Interest expense increased $1.1 million (220.0%) to $1.6 million for
the quarter ended March 31, 2002, from $0.5 million for the corresponding period
of 2001. As a percentage of revenue, interest expense increased to 1.9% of
revenue for the quarter ended March 31, 2002 compared with 0.7% of revenue for
the corresponding period in 2001 primarily as a result of a majority of the
Company's new leases during fiscal 2002 being capital leases for financial
reporting purposes and higher average debt balances.

         Other expense, net amounted to $2.3 million for the quarter ended March
31, 2002, compared to zero for the quarter ended March 31, 2001. The 2002
expense relates to the Company accruing late fees and penalties on past due
operating lease payments.

         The Company's effective combined federal and state income tax rates for
the three months ended March 31, 2002 and 2001 was 0%. Due to the losses
reported by the Company in the 2002 and 2001 periods, management has established
a valuation allowance to offset the potential benefit for income taxes until
such time as the Company returns to profitability.

         As a result of the factors described above, net loss attributable to
common stockholders increased $47.2 million to a net loss attributable to common
stockholders of $56.0 million for the three months ended March 31, 2002,
compared with a net loss attributable to common stockholders of $8.8 million for
the corresponding period of 2001. As a percentage of revenue, net loss
attributable to common stockholders was 95.4% of revenue in the quarter ended
March 31, 2002, compared with 13.7% in the 2001 period.

Six months ended March 31, 2002 and 2001

         Operating revenue increased $2.5 million (1.9%), to $132.1 million for
the six months ended March 31, 2002, from $129.6 million for the corresponding
period of 2001. The increase in operating revenue was primarily attributable to
a 5.5% increase in weighted average tractors resulting from the Westway and Ort
acquisitions, to 2,197 in the 2002 period from 2,083 in the corresponding 2001
period, partially offset by a decrease in average revenue per total mile in the
2002 period to $1.16, from $1.19 in the 2001 period and by a decrease in average
revenue per tractor per week, to $2,347 in the 2002 period from $2,398 in the
2001 period. The decrease in the average revenue per tractor in the 2002 period
is primarily attributable to lower utilization due to soft freight demand and an
increase in empty miles percentage.

         Salaries, wages, and benefits decreased $5.4 million (10.4%), to $46.4
million during the six months ended March 31, 2002, from $51.8 million in the
2001 period. As a percentage of revenue, salaries, wages, and benefits decreased
to 35.1% of revenue for the six months ended March 31, 2002, from 40.0% for the
corresponding period of 2001. The decrease as a percentage of revenue was
primarily attributable to a decrease in the percentage of the Company's fleet
<PAGE>
supplied by Company drivers following the institution of an owner-operator
program in October 2000 and to reductions administrative and shop headcount
during the period. These decreases were partially offset by driver wage
increases. Effective November 1, 2000, management raised driver wages by two
cents per mile. One cent of the increase applied to all drivers at all levels
and another cent can be attained based upon a monthly mileage target. Effective
April 1, 2001, the Company increased its wages for its experienced drivers by an
average of three cents per mile. In addition, drivers with less than one year of
experience received a one cent per mile increase after each three month
period during the first year of employment.

         Fuel and fuel taxes decreased $5.7 million (19.5%), to $23.6 million
during the six months ended March 31, 2002, from $29.3 million in the 2001
period. As a percentage of revenue, fuel and fuel taxes decreased to 17.9% of
revenue for the six months ended March 31, 2002, from 22.6% for the
corresponding period of 2001. This was principally the result of a 29.1%
decrease in the average price of fuel to $1.07 per gallon in the 2002 period
from $1.51 per gallon in the 2001 period, and the increase in the Company's
owner-operator fleet.

         Operating supplies and expenses increased $4.7 million (26.3%), to
$22.6 million during the six months ended March 31, 2002, from $17.9 million in
the 2001 period. As a percentage of revenue, operating supplies and expenses
increased to 17.1% of revenue for the six months ended March 31, 2002, from
13.8% for the corresponding period of 2001. The increase is primarily
attributable to the increases in parts and repairs, professional fees,
recruiting and other costs associated with driver turnover.

         Taxes and licenses increased $0.3 million (6.5%), to $4.9 million
during the six months ended March 31, 2002, from $4.6 million for the
corresponding period of 2001. As a percentage of revenue, taxes and licenses
increased to 3.7% of revenue for the six months ended March 31, 2002, from 3.5%
of revenue for the corresponding period of 2001. The increase is primarily
attributable to expensing prepaid licensing fees associated with the Company's
reduced fleet size.

         Insurance and claims increased $5.9 million (81.9%), to $13.1 million
during the six months ended March 31, 2002, from $7.2 million for the
corresponding period of 2001. As a percentage of revenue, insurance and claims
increased to 9.9% of revenue for the six months ended March 31, 2002, from 5.6%
for the corresponding period of 2001, primarily as a result of increased claims
associated with driver turnover. Effective October 1, 1999, the Company adopted
a fully-developed claims expense estimate based on an actuarial computation of
the ultimate liability. Both the method formerly used by the Company and the
fully-developed method are acceptable under accounting principles generally
accepted in the United States.

         Communications and utilities increased $0.1 million (3.8%), to $2.7
million during the six months ended March 31, 2002, from $2.6 million for the
corresponding period of 2001. As a percentage of revenue, communications and
utilities remained relatively unchanged at 2.0% for both periods. The Company
pays a fixed base charge per tractor for its satellite communications.

         Depreciation and amortization increased $2.3 million (88.5%), to $4.9
million during the six months ended March 31, 2002, from $2.6 million for the
corresponding period of 2001. As a percentage of revenue, depreciation and
amortization (adjusted for the net loss on the sale of property and equipment)
increased to 3.7% for the six months ended March 31, 2002, from 2.0% for the
corresponding period of 2001. The increase in depreciation and amortization is
principally attributable to lower revenue per tractor and amortization expense
on revenue equipment acquired under capital lease obligations during fiscal
2001. The Company realized a net loss of $0.1 during the 2002 period, compared
with a net loss of $0.4, including a charge of approximately $0.5 on the
disposition of non-refrigerated trailers, on the sale of property and revenue
equipment during the 2001 period

         Rent increased $1.0 million (4.9%), to $21.3 million during the six
months ended March 31, 2002 from $20.3 million for the corresponding period of
2001. As a percentage of revenue, rent increased to 16.1% of revenue for the six
months ended March 31, 2002, from 15.7% for the corresponding period of 2001.
This increase was primarily attributable to lower utilization due to soft
freight partially offset by the shift from Company owned tractors to tractors
supplied by owner-operators.

         As a result of the foregoing, the Company's operating ratio increased
to 146.9% for the six months ended March 31, 2002, from 108.4% for the
corresponding period of 2001.
<PAGE>
         Net interest expense increased $2.4 million (266.67%), to $3.3 million
during the six months ended March 31, 2002, from $0.9 million during the
corresponding period of 2001. As a percentage of revenue, interest expense
increased to 2.5% of revenue for the quarter ended March 31, 2002 compared with
0.7% of revenue for the corresponding period in 2001 primarily as a result of a
majority of the Company's new leases during fiscal 2002 being capital leases for
financial reporting purposes and higher average debt balances.

         The Company's effective combined federal and state income tax rates for
the six months ended March 31, 2002 and 2001 were 0% and 36.0%, respectively.
Due to the loss reported by the Company in the 2001 period, management has
established a valuation allowance to offset the potential benefit for income
taxes until such time as the Company returns to profitability.

         As a result of the factors described above, net loss
attributable to common stockholders increased $57.0 million to a net loss
attributable to common stockholders of $68.8 million for the three months ended
March 31, 2002, compared with a net loss attributable to common stockholders of
$11.8 million for the corresponding period of 2001. As a percentage of revenue,
net loss attributable to common stockholders was 52.1% of revenue in the quarter
ended March 31, 2002, compared with 9.1% in the 2001 period.


Quantitative and Qualitative Disclosures About Market Risk

         The principal market risks to which the Company is exposed are
fluctuations in fuel prices, interest rates on debt financing (i.e., the risk of
loss arising from adverse changes in market rates and prices) and market values
for used equipment. The Company has not engaged in any fuel hedging
transactions. Thus, the Company is exposed to fluctuations in fuel prices but is
not exposed to any market risk involving hedging costs.

         In connection with the bankruptcy proceedings, the Court signed a cash
collateral order allowing the Company to continue to use its existing line of
credit facility. The Company's variable rate debt consisted of its revolving
line of credit, carrying an interest rate tied to the prime rate. The line of
credit provides for a minimum interest rate of 7%. This variable interest rate
exposes the Company to the risk that interest rates may rise. At March 31, 2002,
the Company's interest rate on the line of credit was at the minimum rate of 7
percent. At March 31, 2002, assuming borrowing equal to the $15.0 million drawn
on the line of credit, a one percentage point increase in the prime rate above
the minimum interest rate in the agreement would increase the annual interest
expense by approximately $0.15 million. This line of credit was assumed and
refinanced by Central in connection with the acquisition of the Company's assets
and operations.

         The Company also entered into a $5 million debtor in possession credit
facility with Mr. Jerry Moyes. This facility carried a fixed interest rate of 7
percent. At March 31, 2002, the Company had drawn approximately $3.5 million
against this facility. This fixed interest rate exposed the Company to the risk
that interest rates may fall. A one percentage point decline in interest rates
would have the effect of increasing the premium the Company paid over market
interest rates by one percentage point or approximately $35,000.


PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.

         In connection with the Company's bankruptcy filing, all legal
proceedings related to pre-petition liabilities were stayed pending review by
the Court. All of the matters below relating to equipment lessors will be
resolved through the Court and/or address in the Company's liquidating
bankruptcy plan.

         The Company and certain of its former officers and directors have been
named as defendants in a securities class action filed in the United States
District Court for the District of Utah, Caprin v. Simon Transportation
Services, Inc., et al., No. 2:98CV 863K (filed December 3, 1998). Plaintiffs in
this action allege that defendants made material misrepresentations and
omissions during the period February 13, 1997 through April 2, 1998 in violation
of Sections 11, 12(2) and 15 of the Securities Act of 1933 and Sections 10(b)
<PAGE>
and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder. On September 27, 2000, the District Court dismissed the case with
prejudice. Plaintiffs have appealed the dismissal of this action to the United
States Court of Appeal for the Tenth Circuit, which heard oral arguments on the
matter on January 15, 2002. No decision has been announced by the Court of
Appeals. The Company intends to vigorously defend this action.

         On March 13, 2001, a Company-owned tractor-trailer collided with a
pickup truck in an intersection in Dumas, Texas. A lawsuit has been filed on
behalf of an injured passenger in the pickup truck and her family in the United
States District Court for the Northern District of Texas (Case No.
2-01CV-0194J), seeking actual and punitive damages from the Company and its
former employee/driver. Through the efforts of Company, outside counsel and
insurance carriers, this litigation has been compromised and settled without the
payment of any punitive damages. The Company paid less than its $250,000
deductible toward this settlement, which did not have a material adverse impact
on the Company's results of operations or financial position.

         On August 17, 2001, the State of California filed suit against the
Company in the Superior Court of California, County of Sacramento (Case No.
01AS04951) in relation to damage to the state capitol building of California
arising from an accident involving a Company driver and truck. The lawsuit
requests both compensatory and punitive damages. Two of the Company's insurers
have already paid their policy limits of $5.75 million in partial satisfaction
of the State's property damage. The State's complaint represents an attempt to
collect the balance of property damage, estimated to be approximately $5
million. The Company is cooperating with its insurance carrier in defense of
this action, which is at a very preliminary stage. Given the Company's
bankruptcy, the Company has no exposure to punitive damages and the Company
believes its insurers and outside counsel will resolve this matter within the
limits of its insurance policies. Accordingly, the Company does not expect this
litigation to have a material adverse impact on the Company's results of
operations or financial position.

         In addition to the foregoing legal proceedings, the Company is a party,
from time to time, to litigation arising in the ordinary course of its business,
substantially all of which involves claims for personal injury and property
damage incurred in the transportation of freight. Except as set forth in this
Quarterly Report, management is not aware of any claims or threatened claims
that reasonably would be expected to exceed insurance limits or have a
materially adverse effect upon the Company's results of operations or financial
position.




<PAGE>


Item 2.  Changes in Securities.

         None.

Item 3.  Defaults Upon Senior Securities.

         See "Management's Discussion and Analysis of Financial Condition and
         Results of Operations - Recent Developments and Liquidity and Capital
         Resources".

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

         None.

Item 5.  Other Information.

         None.



<PAGE>


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

                  (a)      Exhibits


  Number     Description
  ------     -----------
     3.1  +  Articles of Incorporation.
     3.2  *  Amended and Restated Bylaws.
     4.1  +  Articles of Incorporation.
     4.2  *  Amended and Restated Bylaws.
     4.3 **  Amended and Restated Certificate of Designation for Series I
             Preferred Shares
     4.4 **  Certificate of Designation for Series II Preferred Shares
    10.1  +  Outside Director Stock Option Plan.
    10.2  *  Amendment to Outside Director Stock Option Plan
    10.3  +  Incentive Stock Plan.
    10.4  #  Amendment No. 2 to the Simon Transportation Services Inc. Incentive
             Stock Plan
    10.5  *  Revised Amendment No. 3 to the Simon Transportation Services
             Incentive Stock Plan
    10.6  @  Warrant to Purchase Shares of Class A Common Stock dated
             September 19, 2000, between Jerry Moyes and Simon Transportation
             Services Inc.
    10.7  +  401(k) Plan.
    10.8 **  Amended and Restated Subscription Agreement for the Purchase of
             Series I Preferred Shares between the Company and the Moyes
             Children's Limited Partnership dated June 30, 2001
    10.9 **  Amended and Restated  Warrant to Purchase Series I Preferred Shares
             between the Company and the Moyes Children's Limited Partnership
             dated June 30, 2001
   10.10  ^  Transportation Accounts Financing and Security Agreement dated
             April 25, 2001, between Associates Transcapital Services and Dick
             Simon Trucking, Inc.
   10.11  ^  Loan Agreement dated June 21, 2001, between National Life Insurance
             Company and Simon Terminal, LLC
   10.12 **  Subscription Agreement for the Purchase of Series II Preferred
             Shares between the Company and Interstate Equipment Leasing, Inc.
             dated September 30, 2001
   10.13 **  Warrant to Purchase Series II Preferred Shares between the
             Company and Interstate Equipment Leasing dated September 30, 2001
   10.14 ++  Promissory  Note dated  December 19,  2001,  between  Dick Simon
             Trucking,  Inc. and the Jerry and Vickie Moyes Family Trust
   10.15  >  Amended and Restated Asset Purchase Agreement dated April 19, 2002,
             between Central Refrigerated Service, Inc. and Simon Transportation
             Services, Inc. and subsidiaries
   11.1   >  Schedule of Computation of Net Loss per Share
   99     >  Certification of Chief Executive Officer and Chief Financial
             Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


    +    Filed as an exhibit to the registrant's Registration Statement on
         Form S-1, Registration No. 33-96876, effective November 17, 1995, and
         incorporated herein by reference.
    #    Filed as an exhibit to the registrant's Definitive Proxy Statement for
         the annual meeting held December 19, 1997, Commission File No. 0-27208,
         and incorporated herein by reference.
    @    Filed as an exhibit to the registrant's Current Report on Form 8-K,
         Commission File No. 0-27208, dated October 4, 2000, and incorporated
         herein by reference.
    *    Filed as an exhibit to the  registrant's  Annual  Report on Form 10-K
         for the period  ended  September 30, 2000, Commission File No. 0-27208,
         dated January 12, 2001 and incorporated herein by reference.
    ^    Filed as an exhibit to the  registrant's  Quarterly  Report on Form
         10-Q for the period ended June 30, 2001, Commission  File No. 0-27208,
         dated August 20, 2001, and incorporated herein by reference.
    **   Filed as an  exhibit to the  registrants  Current  Report on Form 8-K,
         Commission  File No.  0-27208, dated October 12, 2001, and incorporated
         herein by reference.
    ++   Filed as an exhibit to the  registrant's  Quarterly  Report on Form
         10-Q for the period ended December 31, 2001, Commission File No.
         0-27208, dated February 14, 2002, and incorporated herein by reference.
    >    Filed herewith


                  (b)      Reports on Form 8-K.

                           Form 8-K filed March 4, 2002, in connection with:
                                    The Company's filing for voluntary petitions
                                    for reorganization under Chapter 11 of the
                                    federal bankruptcy laws ("Bankruptcy Code"
                                    or "Chapter 11") in the United States
                                    Bankruptcy Court for the District of Utah
                                    (the "Court").


<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:    August 13, 2002                  By: /s/ Robert T. Goates
         ---------------------------          ----------------------------------
                                              (Signature)

                                              Robert T. Goates
                                              Chief Financial Officer (Principal
                                              Financial and Accounting Officer)