Celadon Group Management Changes.

INDIANAPOLIS--(BUSINESS WIRE)--Jan. 8, 1999--Celadon Group, Inc. (NASDAQ:CLDN), a leading truckload transportation services provider that specializes in truckload services from the United States and Canada to and from Mexico, today announced that Bob Goldberg (46), currently Chief Financial Officer, has been named Chief Operating Officer.

Mr. Goldberg joined Celadon in February 1998 as Chief Financial Officer. Prior to joining the Company, Mr. Goldberg held various management positions in the truckload industry, including General Manager of the Schneider Specialized Carriers Unit of Schneider National, Inc. and President of Transtar, Inc.

Paul Will (32), who had been Vice President and Controller was appointed Chief Financial Officer. Mr. Will had been with KPMG Peat Marwick prior to joining Celadon in 1993.

The Company said that Ronald S. Roman, who had been Chief Operating Officer, had indicated that he would complete his employment contract, scheduled to terminate on September 30, 1999, but would retire at that time from the Company for personal reasons. Accordingly, Mr. Roman is being named Executive Vice President, Special Projects. He will assist Steve Russell, Chairman and President, in developing acquisitions and handling other special projects between now and completion of his contract.

Celadon Group, Inc. is a truckload company specializing in the transport of goods from the United States and Canada to Mexico. The Company has approximately 2,100 line haul tractors and 6,000 trailers.

The discussion set forth above as well as oral statements made by officers of the Company relating thereto, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such comments are based upon information currently available to management and management's perception thereof as of the date of this press release. Actual results of the Company's operations could materially differ from those forward looking statements. Such differences could be caused by a number of factors including, but not limited to, potential adverse affects of regulation; changes in competition and the effects of such changes; increased competition; change in fuel prices; changes in economic, political or regulatory environments; changes in the availability of a stable labor force; ability of the Company to hire drivers meeting Company standards; changes in management strategies; environmental or tax matters; and risks described from time to time in reports filed by the Company with the Securities and Exchange Commission. Readers should take these factors into account in evaluating any such forward looking statements.

This release is available on the KCSA Worldwide website at www.kcsa.com.