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, 2000

(  )     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 (April 30, 2000).

                          Class A Common Stock, $.01 par value: 5,372,958 shares
                          Class B Common Stock, $.01 par value:   913,751 shares

                                                     Exhibit Index is on Page 13


<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, 2000 and September 30, 1999                                               3

              Condensed consolidated statements of operations for the three
                       and six months ended March 31, 2000 and 1999                                        4

              Condensed consolidated statements of cash flows for the six months
                       ended March 31, 2000 and 1999                                                       5

              Notes to condensed consolidated financial statements                                         6

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

Item 3.       Quantitative and qualitative disclosures about market risk                                  11


                                                  PART II

                                             OTHER INFORMATION



Item 1.       Legal Proceedings                                                                           12

Item 2.       Changes in Securities                                                                       12

Item 3.       Defaults Upon Senior Securities                                                             12

Item 4.       Submission of Matters to a Vote of Security Holders                                         12

Item 5.       Other Information                                                                           13

Item 6.       Exhibits and Reports on Form 8-K                                                            13

</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                                  SIMON TRANSPORTATION SERVICES INC.
                                        CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

                                                                ASSETS
<S>                                                                      <C>                         <C>
                                                                                 March 31, 2000           September 30, 1999
                                                                                 --------------           ------------------
                                                                                   (Unaudited)

Current Assets:
         Cash                                                                    $    5,649,400                $   8,658,268
         Receivables, net of allowance for doubtful accounts of
                  $335,000 and $285,000, respectively                                25,580,027                   22,862,685
         Operating supplies                                                           1,804,066                    1,468,216
         Prepaid expenses and other                                                   4,983,431                    5,367,117
                                                                         -----------------------     ------------------------
                  Total current assets                                               38,016,924                   38,356,286
                                                                         -----------------------     ------------------------

Property and Equipment, at cost:
         Land                                                                         8,387,972                    8,387,972
         Revenue equipment                                                           44,155,155                   45,089,385
         Buildings and improvements                                                  18,551,035                   18,484,326
         Office furniture and equipment                                               9,015,195                    8,889,433
                                                                         -----------------------     ------------------------
                                                                                     80,109,357                   80,851,116
         Less accumulated depreciation and amortization                             (25,855,404)                 (23,203,536)
                                                                         -----------------------     ------------------------
                                                                                     54,253,953                   57,647,580
                                                                         -----------------------     ------------------------
Other Assets                                                                            602,974                      726,140
                                                                         -----------------------     ------------------------
                                                                                 $   92,873,851                $  96,730,006
                                                                         =======================     ========================

                                                 LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
         Current portion of long-term debt                                       $    5,265,905                $   7,459,577
         Current portion of capitalized lease obligations                             2,223,882                    1,855,675
         Accounts payable                                                             6,146,405                    6,108,118
         Accrued liabilities                                                          3,418,128                    3,419,629
         Accrued claims payable                                                       2,206,554                    1,970,336
                                                                         -----------------------     ------------------------
                  Total current liabilities                                          19,260,874                   20,813,335
                                                                         -----------------------     ------------------------

Long-Term Debt, net of current portion                                               10,064,889                   11,718,580
                                                                         -----------------------     ------------------------
Capitalized Lease Obligations, net of current portion                                        --                      589,181
                                                                         -----------------------     ------------------------
Deferred Income Taxes                                                                 7,665,063                    7,665,063
                                                                         -----------------------     ------------------------

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, 5,372,958 and 5,372,683
                  shares issued, respectively                                            53,730                       53,727
         Class B common stock, $.01 par value, 5,000,000
                  shares authorized, 913,751 shares issued                                9,138                        9,138
         Treasury stock, 176,600 shares at cost                                      (1,053,147)                  (1,053,147)
         Additional paid-in capital                                                  48,279,728                   48,277,256
         Retained earnings                                                            8,593,576                    8,656,873
                                                                         -----------------------     ------------------------
                  Total stockholders' equity                                         55,883,025                   55,943,847
                                                                         -----------------------     ------------------------
                                                                                 $   92,873,851                $  96,730,006
                                                                         =======================     ========================

<FN>
See accompanying notes to condensed consolidated financial statements
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

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

                                                               For the Three Months Ended           For the Six Months Ended
                                                       -----------------------------------------------------------------------------
<S>                                                         <C>                <C>                <C>                 <C>
                                                            March 31, 2000     March 31, 1999     March 31, 2000      March 31, 1999
                                                            --------------     --------------     --------------      --------------
Operating Revenue                                            $ 55,158,876       $ 49,271,237      $ 109,019,258       $ 102,263,636
                                                       --------------------------------------------------------- -------------------

Operating Expenses:
         Salaries, wages, and benefits                         22,180,866         21,784,521         44,763,524          44,735,465
         Fuel and fuel taxes                                   12,178,214          8,367,331         22,569,814          17,302,681
         Operating supplies and expenses                        6,471,819          7,409,815         13,244,924          14,187,729
         Taxes and licenses                                     1,771,979          1,901,218          3,390,211           3,915,962
         Insurance and claims                                   1,588,567          1,760,834          3,012,137           3,117,309
         Communications and utilities                             846,681          1,106,483          1,808,018           2,150,189
         Depreciation and amortization                            976,618            940,142          2,184,815           2,079,050
         Rent                                                   8,599,077          8,716,670         17,403,169          17,121,770
                                                       --------------------------------------------------------- -------------------
                  Total operating expenses                     54,613,821         51,987,014        108,376,612         104,610,155
                                                       --------------------------------------------------------- -------------------
                  Operating earnings (loss)                       545,055         (2,715,777)           642,646          (2,346,519)
Net interest expense                                              423,309            381,347            741,548             678,034
                                                       --------------------------------------------------------- -------------------
Earnings (loss) before provision for income taxes                 121,746         (3,097,124)           (98,902)         (3,024,553)
Provision (benefit) for income taxes                               43,829         (1,170,713)           (35,605)         (1,143,281)
                                                       --------------------------------------------------------- -------------------
Net earnings (loss)                                            $   77,917       $ (1,926,411)     $     (63,297)      $  (1,881,272)
                                                       ========================================================= ===================

Net earnings (loss) per common share:
         Basic                                                 $     0.01       $      (0.32)     $       (0.01)      $       (0.31)
                                                       ========================================================= ===================
         Diluted                                               $     0.01       $      (0.32)     $       (0.01)      $       (0.31)
                                                       ========================================================= ===================

Weighted average common shares outstanding:
         Basic                                                  6,110,109          6,109,834          6,110,109           6,123,834
                                                       ========================================================= ===================
         Diluted                                                6,110,109          6,109,834          6,110,109           6,123,834
                                                       ========================================================= ===================
<FN>
See accompanying notes to condensed consolidated financial statements
</FN>
</TABLE>
<PAGE>

<TABLE>
<CAPTION>


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

                                                                                          For the Six Months Ended
                                                                                ---------------------------------------------
<S>                                                                                    <C>                    <C>
                                                                                       March 31, 2000         March 31, 1999
                                                                                       --------------         --------------

Cash Flows From Operating Activities:
     Net loss                                                                           $     (63,297)        $   (1,881,272)
     Adjustments to reconcile net loss to net cash
         used in operating activities:
              Depreciation and amortization                                                 2,184,815              2,079,051
              Changes in operating assets and liabilities:
                  Increase in receivables, net                                             (2,717,342)            (2,662,152)
                  (Increase) decrease in operating supplies                                  (335,850)               148,127
                  Increase in prepaid expenses and other                                   (1,205,992)            (1,666,802)
                  Decrease (increase) in other assets                                         123,166               (104,947)
                  Increase in accounts payable                                                 38,287                383,804
                  Decrease in income taxes receivable                                       1,589,678                     --
                  Decrease in accrued liabilities                                              (1,500)              (122,648)
                  Increase in accrued claims payable                                          236,218                520,675
                                                                                ---------------------------------------------
                      Net cash used in operating activities                                  (151,817)            (3,306,164)
                                                                                ---------------------------------------------

Cash Flows From Investing Activities:
     Purchase of property and equipment                                                   (10,891,743)            (2,967,289)
     Proceeds from the sale of property and equipment                                      12,100,555              5,856,145
                                                                                ---------------------------------------------
                      Net cash provided by investing activities                             1,208,812              2,888,856
                                                                                ---------------------------------------------

Cash Flows From Financing Activities:
     Principal payments on long-term debt                                                  (3,847,363)            (3,752,568)
     Borrowings under line-of-credit agreement                                                     --              6,700,000
     Principal payments under capitalized lease obligations                                  (220,974)            (1,817,162)
     Purchase of treasury stock                                                                    --               (521,600)
     Net proceeds from issuance of Class A common stock                                         2,474                     --
                                                                                ---------------------------------------------
                      Net cash (used in) provided by financing activities                  (4,065,863)               608,670
                                                                                ---------------------------------------------

Net Increase (Decrease) In Cash                                                           (3,008,868)                191,362
Cash at Beginning of Period                                                                 8,658,268              7,826,365
                                                                                ---------------------------------------------

Cash at End of Period                                                                   $   5,649,400         $    8,017,727
                                                                                =============================================

Supplemental Disclosure of Cash Flow Information:
         Cash paid during the period for interest                                       $     741,548         $      728,481
         Cash paid during the period for income taxes                                          41,851                 29,467

<FN>
See accompanying notes to condensed consolidated financial statements
</FN>
</TABLE>
<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  30,  1999  condensed
                  consolidated  statement of financial position 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  Annual   Report  on  Form  10-K  of  Simon
                  Transportation  Services Inc. for the year ended September 30,
                  1999.  Results  of  operations  in  interim  periods  are  not
                  necessarily  indicative  of results to be expected  for a full
                  year.


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 within 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 periods  discussed in this report  represent the Company's  second fiscal
quarters and first six months of its 2000 and 1999 fiscal years, respectively.

Results of Operations

Three months ended March 31, 2000 and 1999

         Operating  revenue  increased $5.9 million (12.0%) to $55.2 million for
the three months ended March 31, 2000, from $49.3 million for the  corresponding
period of 1999. The increase in operating revenue was primarily  attributable to
a 7.3% increase in weighted average  tractors,  to 1,712 in the 2000 period from
1,595 in the corresponding  1999 period,  and an increase in average revenue per
tractor per week,  to $2,471 in the 2000 period from $2,390 in the 1999  period.
The  increase  in average  revenue per tractor is  primarily  attributable  to a
higher per mile rate in the 2000 period.

         Salaries,  wages,  and benefits  increased $0.4 million (1.8%) to $22.2
million  during the quarter  ended March 31, 2000 from $21.8 million in the 1999
period. As a percentage of revenue,  salaries,  wages, and benefits decreased to
40.2% of revenue for the three months  ended March 31, 2000,  from 44.2% for the
corresponding  period of 1999.  The decrease  was  primarily  attributable  to a
reduction of the Company's shop and administrative  personnel. In July 1999, the
Company  eliminated  the  positions  of  approximately  25%  of  its  non-driver
personnel,  mostly from the shop area. In addition,  the fixed costs of shop and
administrative  personnel  were  offset  by a higher  per mile  rate in the 2000
period.

         Fuel and fuel taxes  increased  $3.8 million  (45.2%) to $12.2  million
during the quarter ended March 31, 2000 from $8.4 million in the 1999 period. As
a percentage of revenue,  fuel and fuel taxes  increased to 22.1% of revenue for
the three months ended March 31, 2000, from 17.0% for the  corresponding  period
of 1999,  principally  as a result  of  higher  fuel  prices.  The  Company  has
agreements  in place with a  substantial  number of customers who have agreed to
pay fuel surcharges to help offset the escalation in fuel prices.(*)

         Operating  supplies and expenses decreased $0.9 million (12.2%) to $6.5
million  during the quarter  ended March 31, 2000 from $7.4  million in the 1999
period. As a percentage of revenue, operating supplies and expenses decreased to
11.7% of revenue for the three months  ended March 31, 2000,  from 15.0% for the
corresponding  period  of 1999,  primarily  as a result  of  decreased  costs of
repairs not covered under vehicle warranties and the Company's efforts to reduce
the amount  spent on  operating  supplies and  expenses.  In addition,  improved
revenue per mile in the 2000 period  reduced  operating  supplies  and  expenses
stated as a percentage of revenue.(*)

         Taxes and licenses decreased $0.1 million (5.3%) to $1.8 million during
the quarter ended March 31, 2000 from $1.9 million for the corresponding  period
of 1999.  As a percentage  of revenue,  taxes and licenses  decreased to 3.2% of
revenue  for  the  three   months  ended  March  31,  2000  from  3.9%  for  the
corresponding  period of 1999.  The decrease is primarily  attributable  to more
efficient  licensing of the Company's  fleet  coupled with improved  revenue per
mile in the 2000 period.  The fixed licensing  costs were partially  offset by a
higher per mile rate during the 2000 period.

         Insurance  and claims  decreased  $0.2 million  (12.5%) to $1.6 million
during the quarter ended March 31, 2000 from $1.8 million for the  corresponding
period of 1999.  As a percentage of revenue,  insurance and claims  decreased to
2.9% of revenue for the three  months  ended March 31,  2000,  from 3.6% for the

-----------------

(*) May contain "forward-looking" statements.
<PAGE>

corresponding  period of 1999 primarily  because of a decrease in the number and
severity of accidents experienced by the Company during the 2000 quarter.

         Communications  and utilities  decreased  $0.3 million  (27.3%) to $0.8
million  during the  quarter  ended  March 31,  2000 from $1.1  million  for the
corresponding  period of 1999.  As a percentage of revenue,  communications  and
utilities  decreased  to 1.5% of revenue  for the three  months  ended March 31,
2000,  compared with 2.2% of revenue for the  corresponding  period of 1999. The
decrease  as a  percentage  of revenue is  primarily  attributable  to  improved
revenue  per mile in the 2000  period and more  efficient  use of the  Company's
satellite  communication and long distance services. The Company has reduced its
long distance phone rates by over 40%.(*)

         Depreciation and  amortization  remained  essentially  constant at $1.0
million during the quarter ended March 31, 2000 compared to $0.9 million for the
corresponding  period of 1999.  As a  percentage  of revenue,  depreciation  and
amortization  (adjusted for the net gain on the sale of property and  equipment)
decreased to 1.8% of revenue for the three  months  ended March 31,  2000,  from
1.9% for the  corresponding  period of 1999.  The  decrease as a  percentage  of
revenue is  primarily  attributable  to  improved  revenue  per mile in the 2000
period and the fact that the Company has financed new equipment  under operating
lease  agreements.  The  Company  realized a net gain of $631,623 on the sale of
property and revenue  equipment  during the 2000 period compared with a $626,083
net gain during the 1999 period.

         Rent  decreased  $0.1 million (1.1%) to $8.6 million during the quarter
ended March 31, 2000 from $8.7 million for the corresponding  period of 1999. As
a percentage of revenue, rent decreased to 15.6% of revenue for the three months
ended March 31,  2000,  from 17.7% for the  corresponding  period of 1999 as the
Company reduced its tractor to trailer ratio from the 1999 period.  In addition,
the Company  benefited  from the timing of its equipment  trades during the 2000
quarter. Many trade vehicles had lease terms which expired early in the quarter.
Because of new  equipment  delivery  schedules,  the Company was able to utilize
this equipment until replacement vehicles arrived at a reduced cost. The Company
continued to utilize  operating  leases to finance new  equipment in the quarter
ended March 31, 2000 primarily  because of more favorable  terms. If the Company
continues to use operating lease financing, its operating ratio will continue to
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 decreased
to 99.0%  for the three  months  ended  March  31,  2000,  from  105.5%  for the
corresponding period of 1999.

         Net interest expense  increased  $42,000 (11.0%) to $423,000 during the
quarter ended March 31, 2000 from $381,000 for the corresponding period of 1999.
As a percentage of revenue,  net interest expense  remained  constant at 0.8% of
revenue for the three months ended March 31, 2000 and the  corresponding  period
in 1999.

         The Company's effective combined federal and state income tax rates for
the  three  months  ended  March  31,  2000  and  1999  were  36.0%  and  37.8%,
respectively.

         As a result of the factors  described above, the Company  generated net
earnings of $77,917 for the three months ended March 31, 2000,  compared  with a
net loss of $1,926,411 for the corresponding period of 1999.

Six months ended March 31, 2000 and 1999

         Operating  revenue  increased $6.7 million (6.5%) to $109.0 million for
the six months ended March 31, 2000,  from $102.3 million for the  corresponding
period of 1999. The increase in operating revenue was primarily  attributable to
a 6.2% increase in weighted average  tractors,  to 1,696 in the 2000 period from
1,597 in the corresponding  1999 period, and an increase in the per mile rate in

-----------------

(*) May contain "forward-looking" statements.
<PAGE>

the 2000 period.  These increases were partially offset by a decrease in average
revenue per  tractor  per week,  to $2,467 in the 2000 period from $2,482 in the
1999 period.

         Salaries,  wages,  and benefits  increased $0.1 million (0.2%) to $44.8
million  during the six months  ended March 31,  2000 from $44.7  million in the
1999 period. As a percentage of revenue, salaries, wages, and benefits decreased
to 41.1% of revenue for the six months ended March 31, 2000,  from 43.7% for the
corresponding  period of 1999.  The decrease  was  primarily  attributable  to a
reduction of the Company's shop and administrative  personnel. In July 1999, the
Company  eliminated  the  positions  of  approximately  25%  of  its  non-driver
personnel,  mostly from the shop area. In addition,  the fixed costs of shop and
administrative  personnel  were  offset  by a higher  per mile  rate in the 2000
period.

         Fuel and fuel taxes  increased  $5.3 million  (30.6%) to $22.6  million
during  the six  months  ended  March 31,  2000 from  $17.3  million in the 1999
period.  As a percentage of revenue,  fuel and fuel taxes  increased to 20.7% of
revenue  for  the  six  months  ended  March  31,  2000,   from  16.9%  for  the
corresponding period of 1999, principally as a result of higher fuel prices. The
Company has agreements with a substantial number of customers who have agreed to
pay fuel surcharges to help offset the escalation in fuel surcharges.(*)

         Operating  supplies and expenses decreased $1.0 million (7.0%) to $13.2
million  during the six months  ended March 31,  2000 from $14.2  million in the
1999  period.  As a  percentage  of revenue,  operating  supplies  and  expenses
decreased  to 12.1% of revenue  for the six months  ended March 31,  2000,  from
13.9% for the corresponding  period of 1999,  primarily as a result of decreased
costs of repairs not covered under vehicle  warranties and the Company's efforts
to reduce the amount spent on  operating  supplies  and  expenses.  In addition,
improved  revenue per mile in the 2000 period  reduced  operating  supplies  and
expenses stated as a percentage of revenue.(*)

         Taxes and  licenses  decreased  $0.5  million  (12.8%) to $3.4  million
during  the  six  months  ended  March  31,  2000  from  $3.9  million  for  the
corresponding  period of 1999.  As a percentage  of revenue,  taxes and licenses
decreased to 3.1% of revenue for the six months ended March 31, 2000,  from 3.8%
of revenue for the  corresponding  period of 1999.  The  decrease  is  primarily
attributable  to more  efficient  licensing of the Company's  fleet coupled with
improved  revenue per mile in the 2000 period.  The fixed  licensing  costs were
partially offset by a higher per mile rate during the 2000 period.

         Insurance  and claims  decreased  $0.1  million  (3.2%) to $3.0 million
during  the  six  months  ended  March  31,  2000  from  $3.1  million  for  the
corresponding  period of 1999. As a percentage of revenue,  insurance and claims
decreased to 2.8% of revenue for the six months ended March 31, 2000,  from 3.0%
for the  corresponding  period of 1999  primarily  because of a decrease  in the
number and severity of accidents experienced by the Company during the period.

         Communications  and utilities  decreased  $0.3 million  (14.3%) to $1.8
million  during the six months  ended March 31,  2000 from $2.1  million for the
corresponding  period of 1999.  As a percentage of revenue,  communications  and
utilities  decreased to 1.7% of revenue for the six months ended March 31, 2000,
compared with 2.1% of revenue for the corresponding period of 1999. The decrease
as a percentage of revenue is principally  attributable to improved  revenue per
mile in the  2000  period  and more  efficient  use of the  Company's  satellite
communication  and long  distance  services.  The  Company  has reduced its long
distance phone rates by over 40%.(*)

         Depreciation  and  amortization  increased  $0.1 million (4.8%) to $2.2
million  during the six months  ended March 31,  2000 from $2.1  million for the
corresponding  period of 1999.  As a  percentage  of revenue,  depreciation  and
amortization  (adjusted for the net gain on the sale of property and  equipment)
remained  essentially constant at 2.0% of revenue for the six months ended March
31,  2000,  and  the  corresponding  period  of  1999.  The  increase  in  total
depreciation  is principally  attributable  to a reduced gain in the 2000 period
compared with the 1999 period.  The Company realized a net gain of $1,051,282 on

-----------------

(*) May contain "forward-looking" statements.
<PAGE>

the sale of property and revenue  equipment during the 2000 period compared with
a $1,247,649 net gain during the 1999 period.

         Rent  increased  $0.3 million  (1.8%) to $17.4  million  during the six
months ended March 31, 2000 from $17.1 million for the  corresponding  period of
1999. As a percentage of revenue, rent decreased to 16.0% of revenue for the six
months ended March 31, 2000, from 16.7% for the corresponding  period of 1999 as
the Company added new equipment  and 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 six months because
of more  favorable  terms.  If the  Company  continues  to use  operating  lease
financing,  its operating  ratio will continue to 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 decreased
to  99.4%  for  the six  months  ended  March  31,  2000,  from  102.3%  for the
corresponding period of 1999.

         Net interest expense  remained  constant at $0.7 million during the six
months  ended  March  31,  2000  and the  corresponding  period  of  1999.  As a
percentage of revenue, net interest expense remained constant at 0.7% of revenue
for the six months ended March 31, 2000, and the corresponding period in 1999.

         The Company's effective combined federal and state income tax rates for
the six months ended March 31, 2000 and 1999 were 36.0% and 37.8%, respectively.

         As a result of the factors  described above, the Company  experienced a
net loss of $63,297 for the six months ended March 31, 2000, compared with a net
loss of $1,881,272 for the corresponding period of 1999.


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, and cash flow from operations. The
Company's primary sources of liquidity  currently are cash and cash equivalents,
and   borrowings   and  leases  with   financial   institutions   and  equipment
manufacturers.  During the six-month  periods ended March 31, 2000 and 1999, the
Company continued to finance its tractors with operating leases.

         Net cash used in  operating  activities  was $0.2  million  for the six
months ended March 31, 2000. Accounts receivable increased $2.7 million, prepaid
licensing on revenue equipment  increased $1.2 million,  and operating  supplies
and miscellaneous assets increased $0.2 million during the period. These uses of
cash were  substantially  offset by Federal and state income tax refunds of $1.6
million  received  during  the  period,  a  non-cash  charge of $2.2  million in
depreciation and a $0.3 million collective increase in accounts payable, accrued
liabilities and accrued claims.

         Net cash provided by investing  activities was $1.2 million for the six
months  ended March 31,  2000,  as the Company  purchased  $10.9  million of new
property and revenue equipment and sold revenue equipment for $12.1 million. The
Company  expects  capital  expenditures  (primarily for revenue  equipment,  and
satellite  communications  units), net of revenue equipment sales and trade-ins,
to be  approximately  $29.3 million  through  calendar 2000. The Company expects
projected  capital  expenditures  to be funded  mostly  with  operating  leases,
borrowings and cash flows from operations.(*)

-----------------

(*) May contain "forward-looking" statements.
<PAGE>

         Net cash used in  financing  activities  was $4.1  million  in the 2000
period,  consisting of payments of $4.1 million of principal under the Company's
long-term debt and capitalized lease agreements.

         The maximum  amount  committed  under the  Company's  line of credit at
March 31, 2000 was $20 million.  As of March 31, 2000, the Company had drawn $10
million  against  the  line.  The  interest  rate on the line of  credit is 1.75
percent above the 30-day London Interbank  Offered Rate ("LIBOR") in effect from
time to time.  At March 31, 2000,  the Company had other  outstanding  long-term
debt  and  capitalized  lease  obligations   (including   current  portions)  of
approximately $7.6 million, most of which comprised obligations for the purchase
of revenue equipment.

         The  Company's  working  capital at March 31,  2000 was $18.8  million.
Management  believes that  available  borrowings  under the line of credit,  and
future  borrowings  under  installment  notes payable or lease  arrangements for
revenue equipment will allow the Company to continue to meet its working capital
requirements,  anticipated capital expenditures,  and obligations under debt and
capitalized and operating leases at least through fiscal year 2000.(*)


Quantitative and Qualitative Disclosures About Market Risk

         The principal market risks (i.e., the risk of loss arising from adverse
changes  in market  rates  and  prices)  to which the  Company  is  exposed  are
fluctuation in fuel prices and interest rates on our debt financing.

         We are not  engaged  in any fuel  hedging  transactions.  Thus,  we are
exposed to  fluctuations  in fuel  prices but are not exposed to any market risk
involving hedging costs.

         We also are exposed to interest rate risks on our debt  financing.  Our
variable rate debt  consists of a revolving  line of credit,  an unsecured  term
loan and an equipment finance term loan carrying interest rates tied to LIBOR or
the Eurodollar  rate.  These variable  interest rates expose us to the risk that
interest  rates may rise.  At March 31, 2000,  assuming  borrowing  equal to the
$10.0 million drawn on the line of credit and $2.3 million on other  outstanding
variable rate loans, a one percentage point increase in the LIBOR and Eurodollar
rate would increase our annual interest expense by approximately  $123,000.  The
balance of our equipment  financing  carries fixed  interest  rates and includes
term notes payable and capitalized  leases totaling  approximately $5.3 million.
These fixed interest rates expose us to the risk that interest rates may fall. A
one  percentage  point  decline  in  interest  rates  would  have the  effect of
increasing the premium we pay over market interest rates by one percentage point
or approximately $53,000 annually.

-----------------

(*) May contain "forward-looking" statements.
<PAGE>




                                      PART II

                                 OTHER INFORMATION


Item 1.           Legal Proceedings.

                  The Company and certain of its  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) and 20(a) of the
         Securities Exchange Act of 1934 and Rule 10b-5 promulgated  thereunder.
         The Company intends to vigorously defend this action.


Item 2.           Changes in Securities.

                  None.

Item 3.           Defaults Upon Senior Securities.

                  None.

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

                           The   Annual   Meeting  of   Stockholders   of  Simon
         Transportation  Services Inc.  following  the year ended  September 30,
         1999 was held February 4, 2000, at the corporate  headquarters  located
         at 5175 West 2100 South,  West  Valley  City,  Utah.  Richard D. Simon,
         Chairman, President, and Chief Executive Officer, presided.

                  The  holders  of  5,983,220  shares  (representing   6,896,971
         votes), which is approximately 98% of the total votes outstanding as of
         the record date, were represented at the annual meeting in person or by
         proxy.  The three  candidates for election as directors were elected to
         serve terms of three  years.  The  proposal to ratify the  selection of
         Arthur Andersen LLP as the Company's independent public accountants for
         the 2000 fiscal year was approved. The tabulation of votes is listed in
         the table below.

<TABLE>
<CAPTION>


                                             SUMMARY OF MATTERS VOTED UPON BY STOCKHOLDERS

                                                                              Number of Votes
<S>                                                  <C>                <C>             <C>             <C>
                                                           For          Against         Abstain         Non-Vote
                                                           ---          -------         -------         --------
Election of Directors:
         Sherry L. Bokovoy                           6,838,037               --          58,934          126,889
         Irene Warr                                  6,840,337               --          56,634          126,889
         Don L. Skaggs                               6,835,556               --          61,415          126,889

Other Matters:                                             For          Against         Abstain         Non-Vote
                                                           ---          -------         -------         --------
         Ratification of selection of                6,851,530           42,356           3,085          126,889
         Arthur Andersen LLP as
         independent public accountants

</TABLE>
<PAGE>




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
 10.1    *  Outside Director Stock Option Plan.
 10.2    *  Incentive Stock Plan.
 10.3    *  401(k) Plan.
 10.4    #  Loan Agreement (Line of Credit) dated  September 29, 1999  (replaced
            loan agreement dated  April 29, 1996)  between U.S. Bank of Utah and
            Simon Transportation Services Inc.
 11         Schedule of Computation of Net Income Per Share
 27         Financial Data Schedule


 *   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 Annual Report on Form 10-K for
     the period ended September 30, 1999,  Commission  File No.  0-27208,  dated
     December 11, 1999, and  incorporated herein by reference.


                  (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:    May 12, 2000                        By:      /s/ Alban B. Lang
         --------------------------------             -----------------
                                                      (Signature)

                                                       Alban B. Lang
                                                       Treasurer and
                                                       Chief Financial Officer