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

                                    FORM 10-Q

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

For the quarterly period ended December 31, 1997

(  )     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 (December 31, 1997).

             Class A Common Stock, $.01 par value: 5,323,123 shares
              Class B Common Stock, $.01 par value: 962,661 shares

                                                    Exhibit Index is on Page 11.

<PAGE>



                                    SIMON TRANSPORTATION SERVICES INC.
                                            TABLE OF CONTENTS

                           PART I

                   FINANCIAL INFORMATION


                                                                          PAGE
                                                                         NUMBER

Item 1.      Financial Statements:

             Condensed consolidated statements                              3
             of financial position as of
             September 30, 1997 and December 31, 1997                       

             Condensed consolidated statements                              4
             of earnings for the three months ended
             December 31, 1997 and 1996                                     

             Condensed consolidated statements                              5
             of cash flows for the three months ended
             December 31, 1997 and 1996                                     

             Notes to condensed consolidated financial statements           6

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



                           PART II

                     OTHER INFORMATION



Item 1.      Legal Proceedings                                             10

Item 2.      Changes in Securities                                         10

Item 3.      Defaults Upon Senior Securities                               10

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

Item 5.      Other Information                                             11

Item 6.      Exhibits and Reports on Form 8-K                              11


<PAGE>


                                                  
                    SIMON TRANSPORTATION SERVICES INC.
         CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

                                 ASSETS

<TABLE>
<CAPTION>
<S>                                                                    <C>                          <C>                       
                                                                             December 31, 1997           September 30, 1997
                                                                             -----------------           ------------------
                                                                                (Unaudited)
Current Assets:
  
         Cash                                                            $          13,537,212        $          12,766,001
         Receivables, net of allowance for doubtful accounts of
         $80,000 and $62,000, respectively                                          19,063,373                   20,712,286
         Operating supplies                                                            872,905                      752,213
         Prepaid expenses and other                                                  4,718,152                    2,193,950
                                                                       ------------------------     ------------------------
                  Total current assets                                              38,191,642                   36,424,450
                                                                       ------------------------     ------------------------

Property and Equipment, at cost:
         Land                                                                        7,646,922                    7,632,711
         Revenue equipment                                                          55,484,729                   59,392,072
         Buildings and improvements                                                 16,951,292                   14,321,869
         Office furniture and equipment                                              7,598,759                    5,974,291
                                                                       ------------------------     ------------------------
                                                                                    87,681,702                   87,320,943
         Less accumulated depreciation and amortization                           (16,785,102)                 (16,166,473)
                                                                       ------------------------     ------------------------
                                                                                    70,896,600                   71,154,470
                                                                       ------------------------     ------------------------
Other Assets                                                                           125,450                      125,450
                                                                       ========================     ========================
                                                                         $         109,213,692        $         107,704,370
                                                                       ========================     ========================

                                           LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
         Current portion of long-term debt                                                   $                            $
                                                                                     7,488,228                    6,382,697
         Current portion of capitalized lease obligations                            4,909,600                    5,346,645
         Accounts payable                                                            3,246,159                    3,593,420
         Accrued liabilities                                                         3,939,757                    3,957,055
         Accrued claims payable                                                      1,186,354                    1,259,674
                                                                       ------------------------     ------------------------
                  Total current liabilities                                         20,770,098                   20,539,491
                                                                       ------------------------     ------------------------

Long-Term Debt, net of current portion                                              14,787,735                   14,638,389
                                                                       ------------------------     ------------------------
Capitalized Lease Obligations, net of current portion                                5,663,519                    6,423,385
                                                                       ------------------------     ------------------------
Deferred Income Taxes                                                                6,254,445                    6,254,445
                                                                       ------------------------     ------------------------

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, 5,323,123 and 5,320,313 shares issued,
         respectively                                                                   53,231                       53,203
         Class B common stock, $.01 par value, 5,000,000 shares
         authorized, 962,661 shares issued                                               9,627                        9,627
         Additional paid-in capital                                                 48,258,870                   48,233,608
         Retained earnings                                                          13,416,167                   11,552,222
                                                                       ------------------------     ------------------------
                  Total stockholders' equity                                        61,737,895                   59,848,660
                                                                       ------------------------     ------------------------
                                                                        $          109,213,692      $           107,704,370
                                                                       ========================     ========================
</TABLE>

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


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

                                                                                        For the Three Months Ended
                                                                       -----------------------------------------------------
<S>                                                                    <C>                          <C>                       
                                                                             December 31, 1997            December 31, 1996
                                                                             -----------------            -----------------

Operating Revenue                                                        $          47,006,493        $          34,166,193
                                                                       ------------------------     ------------------------

Operating Expenses:
         Salaries, wages, and benefits                                              18,011,315                   13,171,808
         Fuel & fuel taxes                                                           9,097,054                    6,657,636
         Operating supplies and expenses                                             5,781,677                    4,350,499
         Taxes and licenses                                                          1,809,906                    1,436,465
         Insurance and claims                                                        1,020,727                      626,360
         Communications and utilities                                                  785,142                      530,004
         Depreciation and amortization                                               1,203,154                    1,513,545
         Rent                                                                        5,911,947                    3,446,607
                                                                                                    ------------------------
                                                                       ------------------------
                  Total operating expenses                                          43,620,922                   31,732,924
                                                                       ------------------------     ------------------------
                  Operating earnings                                                 3,385,571                    2,433,269
         Net interest expense                                                          388,875                      446,623
                                                                       ------------------------     ------------------------
Earnings before provision for income taxes                                           2,996,696                    1,986,646
Provision for income taxes                                                           1,132,751                      750,952
                                                                       ========================     ========================
Net earnings                                                             $           1,863,945        $           1,235,694
                                                                       ========================     ========================

Net earnings per common share:
         Basic                                                           $                0.30        $                0.26
                                                                       ========================     ========================
         Diluted                                                         $                0.29        $                0.26
                                                                       ========================     ========================

Weighted average common shares outstanding:
         Basic                                                                       6,284,419                    4,743,154
                                                                       ========================     ========================
         Diluted                                                                     6,457,288                    4,837,776
                                                                       ========================     ========================
</TABLE>
 The  accompanying   notes  to  condensed   consolidated
 financial  statements  are an  integral  part of these
 condensed consolidated financial statements.


<PAGE>


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

<TABLE>
<CAPTION>
                                                                                          For the Three Months Ended
                                                                                ---------------------------------------------
<S>                                                                             <C>                       <C>
                                                                                    December 31, 1997     December 31, 1996

Cash Flows From Operating Activities:
     Net earnings                                                                   $       1,863,945     $        1,235,694
     Adjustments to reconcile net earnings to net cash provided by (used
     in) operating activities
              Depreciation and amortization                                                 1,203,154              1,513,545
              Changes in assets and liabilities:
                  Decrease in receivables, net                                              1,143,413                 93,458
                  (Increase) decrease in operating supplies                                  (120,692)                 2,752
                  Increase in prepaid expenses and other                                   (2,524,202)            (1,020,198)
                  Increase in other assets                                                         --               (634,350)
                  (Decrease) increase in accounts payable                                    (347,261)                39,441
                  Decrease in accrued liabilities                                             (17,298)            (1,485,384)
                  Decrease in accrued claims payable                                          (73,320)               (90,212)
                                                                                ---------------------------------------------
                      Net cash provided by (used in) operating activities                   1,127,739               (345,254)
                                                                                ---------------------------------------------

Cash Flows From Investing Activities:
     Purchase of property and equipment                                                    (4,878,584)            (3,731,952)
     Proceeds from the sale of property and equipment                                       3,933,300              2,009,000
                                                                                ---------------------------------------------
                      Net cash used in investing activities                                 (945,284)             (1,722,952)
                                                                                ---------------------------------------------

Cash Flows From Financing Activities:
     Proceeds from issuance of long-term debt                                               2,900,000              2,628,684
     Principal payments on long-term debt                                                  (1,645,123)              (697,703)
     Principal payments under capitalized lease obligations                                (1,196,911)            (1,346,462)
     Decrease in receivable from sale of equipment                                            505,500                     --
     Net proceeds from issuance of Class A common stock                                        25,290                 20,250
                                                                                ---------------------------------------------
                      Net cash provided by financing activities                               588,756                604,769
                                                                                ---------------------------------------------

Net Increase (Decrease) In Cash                                                               771,211             (1,463,437)
Cash at Beginning of Period                                                                12,766,001              5,571,431
                                                                                ---------------------------------------------

Cash at End of Period                                                               $      13,537,212     $        4,107,994
                                                                                =============================================

Supplemental Disclosure of Cash Flow Information:
         Cash paid during the period for interest                                   $         516,368     $          526,424
         Cash paid during the period for income taxes                                         417,292              1,891,923

Supplemental Schedule of Noncash Investing and Financing Activities:
         Sale of equipment in exchange for receivable paid after
              period end                                                                      583,000              1,087,500

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



<PAGE>


                                                                               
                          SIMON TRANSPORTATION SERVICES INC.

                 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                     (Unaudited)

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

                  The financial statements have been prepared, without audit, in
                  accordance  with  generally  accepted  accounting  principles,
                  pursuant to the rules and  regulations  of the  Securities and
                  Exchange  Commission.  In  the  opinion  of  management,   the
                  accompanying  financial  statements  include  all  adjustments
                  which are necessary for a fair presentation of the results for
                  the interim periods  presented,  such  adjustments  being of a
                  normal  recurring  nature.  Certain  information  and footnote
                  disclosures  have been  condensed or omitted  pursuant to such
                  rules  and  regulations.  The  September  30,  1997  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 Form  10-K of Simon  Transportation  Services
                  Inc.  for the  year  ended  September  30,  1997.  Results  of
                  operations in interim periods are not  necessarily  indicative
                  of results to be expected for a full year.

Note 2:           Net Income Per Common Share
                  In accordance with Statement of Financial Accounting Standards
                  No. 128 "Earnings per Share," which became effective  December
                  15,  1997,  basic net income per common  share was computed by
                  dividing net income by the weighted  average  number of common
                  shares outstanding  during the period.  Diluted net income per
                  common   share  takes  into   consideration   the  effects  of
                  outstanding  stock  options.  The  calculation of the weighted
                  average number of common shares outstanding is as follows:
<TABLE>

<CAPTION>
                                                                             Three Months Ended
                                                                                 December 31,
                   <S>                                                  <C>             <C> 
                                                                                1997         1996
                   Weighted average number of shares for basic
                   net income per common share                               6,284,419      4,743,154
                   Stock Options                                               172,869         94,622
                                                                        ==============  ==============
                   Weighted average number of shares for diluted
                   net income per common share                               6,457,288      4,837,776
                                                                        ==============  ==============
</TABLE>

Forward Looking Statements

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


<PAGE>


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

Overview

         The Company's  fiscal year ends on September 30 of each year. Thus, the
fiscal  quarters  discussed in this report  represent the Company's first fiscal
quarters of its 1998 and 1997 fiscal years, respectively.


Results of Operations

Three months ended December 31, 1997 and 1996

         Operating  revenue increased $12.8 million (37.6%) to $47.0 million for
the  three  months  ended  December  31,  1997,   from  $34.2  million  for  the
corresponding  period of 1996.  The increase in operating  revenue was primarily
attributable to a 41.6% increase in weighted average  tractors,  to 1,402 in the
1997 period from 990 in the 1996 period. This increase was partially offset by a
decrease in average  revenue per tractor per week,  to $2,591 in the 1997 period
from $2,665 in the 1996 period.

         Salaries,  wages, and benefits  increased $4.8 million (36.7%) to $18.0
million  during the quarter  ended  December 31, 1997 from $13.2  million in the
1996 period. As a percentage of revenue, salaries, wages, and benefits decreased
to 38.3% of revenue for the three months ended December 31, 1997, from 38.6% for
the  corresponding  period of 1996. The change was attributable to a leveling of
the  fixed  costs  associated  with  salaries  paid to shop  and  administrative
personnel, which did not increase proportionately with revenue.

         Fuel and fuel taxes  increased  $2.4  million  (36.6%) to $9.1  million
during the quarter ended December 31, 1997 from $6.7 million in the 1996 period.
As a percentage of revenue, fuel and fuel taxes remained essentially constant at
19.4% of revenue for the three  months ended  December 31, 1997,  from 19.5% for
the corresponding  period of 1996, as an increase in the overall fuel efficiency
of the  Company's  newer  tractor fleet and lower overall fuel prices during the
1997 period more than offset greater surcharge revenue during the 1996 period.

         Operating  supplies and expenses increased $1.4 million (32.9%) to $5.8
million during the quarter ended December 31, 1997 from $4.4 million in the 1996
period. As a percentage of revenue, operating supplies and expenses decreased to
12.3% of revenue for the three  months ended  December 31, 1997,  from 12.7% for
the corresponding  period of 1996, primarily as a result of lower parts and tire
replacement costs,  outside repairs,  and maintenance  expense associated with a
decrease  in the  average  age of  the  Company's  tractor  fleet.  Most  of the
Company's tractors are covered by three-year, 500,000-mile warranties.

         Taxes and licenses  increased  $373,000  (26.0%) to $1.8 million during
the quarter  ended  December  31, 1997 from $1.4  million for the  corresponding
period of 1996. As a percentage of revenue, taxes and licenses decreased to 3.9%
of revenue for the three  months  ended  December  31,  1997,  from 4.2% for the
corresponding  period of 1996,  primarily as a result of greater  efficiency  in
licensing new equipment being added to the fleet.

         Insurance and claims increased  $394,000 (63.0%) to $1.0 million during
the quarter ended December 31, 1997 from $626,000 for the  corresponding  period
of 1996. As a percentage of revenue,  insurance and claims  increased to 2.2% of
revenue  for the  three  months  ended  December  31,  1997,  from  1.8% for the
corresponding period of 1996 because of increased claims expense.

         Communications  and utilities  increased  $255,000  (48.1%) to $785,000
during the quarter ended  December 31, 1997 from $530,000 for the  corresponding
period  of 1996.  As a  percentage  of  revenue,  communications  and  utilities

<PAGE>

remained  essentially  unchanged  at 1.7% of revenue for the three  months ended
December 31, 1997, compared with 1.6% for the corresponding period of 1996.

         Depreciation  and  amortization  decreased  $310,000  (20.5%)  to  $1.2
million  during the quarter  ended  December  31, 1997 from $1.5 million for the
corresponding  period of 1996.  As a  percentage  of revenue,  depreciation  and
amortization  (adjusted for the net gain on the sale of property and  equipment)
decreased to 2.6% of revenue for the three months ended December 31, 1997,  from
4.4%  for  the  corresponding   period  of  1996.  The  decrease  was  primarily
attributable  to an increase in the net gain on the sale of property and revenue
equipment  to  $687,443  during  the  1997  period  compared  with a net gain of
$156,931  during the 1996 period as well as the use of operating  leases  rather
than capital leases to acquire new equipment during the last year.

         Rent  increased  $2.5  million  (71.5%) to $5.9 million for the quarter
ended December 31, 1997 from $3.4 million for the corresponding  period of 1996.
As a  percentage  of revenue,  rent  increased to 12.6% of revenue for the three
months ended December 31, 1997, from 10.1% for the corresponding  period of 1996
as the Company  replaced  equipment  that had been financed  under capital lease
arrangements  with equipment  financed under operating  leases.  The Company has
utilized  operating leases during the last year 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 92.8% for the three  months  ended  December  31,  1997,  from  92.9% for the
corresponding period of 1996.

         Net  interest  expense  decreased  $58,000  (12.9%) to $389,000 for the
quarter ended  December 31, 1997 from $447,000 for the  corresponding  period of
1996.  As a percentage  of revenue,  net interest  expense  decreased to 0.8% of
revenue  for the  three  months  ended  December  31,  1997,  from  1.3% for the
corresponding  period in 1996 as a result of lower average debt and  capitalized
lease balances in the 1997 period compared with the 1996 period.

         The Company's  effective combined federal and state income tax rate for
the three months ended December 31, 1997 and 1996 was 37.8%.

         As a result of the factors  described  above,  net  earnings  increased
$628,000  (50.8%) to $1.9 million for the three months ended  December 31, 1997,
compared with net earnings of $1.2 million for the corresponding period of 1996.
As a percentage  of revenue,  net  earnings  increased to 4.0% of revenue in the
quarter ended December 31, 1997 from 3.6% in the 1996 period.


Liquidity and Capital Resources

         The  growth  of  the  Company's   business  has  required   significant
investment in new revenue  equipment that the Company  historically has financed
with  borrowings  under   installment   notes  payable  to  commercial   lending
institutions  and equipment  manufacturers,  equipment  leases from  third-party
lessors,  borrowings  under its line of  credit,  funds  provided  by its public
offerings in November 1995 and February 1997, and cash flow from operations. The
Company's primary sources of liquidity  currently are cash and cash equivalents,
funds  provided  by  operations,   and  borrowings  and  leases  with  financial
institutions and equipment manufacturers.

         The Company's primary source of cash flow from operations  generally is
net earnings  adjusted for depreciation and deferred income taxes. The Company's
principal  uses of cash  flow  from  operations  are to  service  debt or  lease
payments  associated  with  new  revenue  equipment  and to  internally  finance
accounts receivable associated with growth in the business. Net cash provided by
operating  activities  was $1.1 million for the three months ended  December 31,
1997.  The  primary  sources of funds were net  earnings  increased  by non-cash
adjustments  of $1.2  million  in  depreciation  and $1.1  million  in  accounts
receivable  attributable to a decrease in average days outstanding.  The primary

<PAGE>

uses of funds were  $347,000 to reduce  accounts  payable,  $121,000 to purchase
operating supplies,  $2.5 million to prepay licensing on revenue equipment,  and
$91,000 to reduce accrued liabilities and claims payable.

         Net cash used in investing activities was $945,000 for the three months
ended  December 31, 1997, as the Company  purchased $4.9 million of new property
and revenue equipment, and a new facility in Atlanta,  Georgia. The Company sold
property and revenue  equipment for $3.9 million.  The Company  expects  capital
expenditures,  including the value of equipment  financed with operating  leases
for  revenue  equipment  and  satellite  communications  units,  net of  revenue
equipment sales and trade-ins, to be approximately $100.0 million through fiscal
1999.

         Net cash  provided by  financing  activities  was  $589,000 in the 1997
period,  consisting primarily of $2.9 million of new borrowings for the purchase
of the Atlanta facility, a reduction of $506,000 in receivables from the sale of
revenue equipment, and payments of $2.8 million of principal under the Company's
long-term  debt and  capitalized  lease  agreements.  In  addition,  the Company
received $25,000 from the exercise of stock options and the issuance of stock to
individuals who participate in the Company's stock option plans.

         The Company's borrowings consist of $21.1 million for revenue equipment
debt  and  capitalized   leases,   and  $11.7  million  for  the  Company's  new
headquarters in Salt Lake City and the Atlanta facility. The Company maintains a
$5 million, unsecured line of credit with a financial institution. Borrowings on
the line of credit  bear  interest at  one-half  percent  (.5%) above the 30-day
London  Interbank  Offered Rate in effect from time to time. The Company had not
drawn against the line of credit at December 31, 1997.
                                                         .

<PAGE>


                                PART II

                           OTHER INFORMATION


Item 1.           Legal Proceedings.

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

Item 2.           Changes in Securities.

                  None.

Item 3.           Defaults Upon Senior Securities.

                  None.

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

                 The 1997 Annual Meeting of Stockholders of Simon Transportation
         Services Inc. was held December 19, 1997, 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  5,330,662  shares  (representing   6,293,323
         votes), which is approximately 87% of the total votes outstanding as of
         the record date, were represented at the annual meeting in person or by
         proxy.  The eight  candidates for election as directors were elected to
         serve the terms  specified  in the proxy  statement.  The  proposal  to
         ratify  the   selection  of  Arthur   Andersen  LLP  as  the  Company's
         independent  public  accountants for the 1997 fiscal year was approved.
         The proposal to amend the Company's  Incentive Stock Plan to reserve an
         additional  600,000  shares  of Class A Common  Stock for  issuance  to
         participants and approve the issuance of options to purchase 375,000 of
         such shares to Company  officers was approved.  The tabulation of votes
         is listed in the table below.


<TABLE>
                      SUMMARY OF MATTERS VOTED UPON BY STOCKHOLDERS

<CAPTION>
                                                                     Number of Shares
<S>                                                 <C>             <C>                <C>            <C>
                                                          For        Withheld
Election of Directors:
         Richard D. Simon                           6,276,748          16,575
         Alban B. Lang                              6,276,648          16,675
         Kelle A. Simon                             6,273,748          19,575
         Lyn Simon                                  6,273,498          19,825
         Sherry L. Simon Bokovoy                    6,273,198          20,125
         Richard D. Simon, Jr.                      6,273,698          19,625
         Irene Warr                                 6,287,548           5,775
         H.J. Frazier                               6,284,748           8,575

Other Matters:                                            For         Against          Abstain        Non-Vote
         Ratification of selection of               6,264,928          27,225            1,170               0
         Arthur Andersen LLP as independent
         public accountants

         Amendment to Incentive                     3,603,602       2,187,245            6,450         496,026
         Stock Plan

</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
10.2    *  Outside Director Stock Option Plan.
10.3    *  Incentive Stock Plan.
10.4    *  401(k) Plan.
10.11   #  Loan  Agreement (Line of Credit) dated  April 29, 1996 (replaced loan
           agreement dated December 1, 1995) between U.S. Bank of Utah and Simon
           Transportation Services Inc.
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 Quarterly Report
                  on Form 10-Q for the period ended June 30, 1996, Commission
                  File No. 0-27208, dated August 9, 1996.

                  (b)      Reports on Form 8-K.

                           None.


<PAGE>

                                    SIGNATURE

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

                                           SIMON TRANSPORTATION SERVICES INC.,
                                           a Nevada corporation

Date:    January 30, 1998                  By:      /s/ Alban B. Lang
         ---------------------------                -----------------
                                                       (Signature)
                                           Alban B. Lang
                                           Treasurer and Chief Financial Officer