Celadon Group Announces Appointment of Sergio Hernandez Aranda At Mexico City as an Officer of the Company

    INDIANAPOLIS--Dec. 10, 2001--Celadon Group, Inc. today announced that Sergio Hernandez Aranda, who has been with the Company five years, has been promoted to vice president and director general of Mexico. Except for a three-year work assignment in the United States, he is a lifelong resident of Mexico. His career spans more than 20 years of progressive responsibilities in marketing and transportation throughout Mexico. He graduated from the University of Tepeyac in Mexico City, majoring in Marketing.
    "I'm very pleased to have Sergio become an officer of Celadon and a part of our senior management team after more than five years of loyal service to the Company as our senior manager in Mexico," said Stephen Russell, chairman and CEO. "His proven experience in Mexico, his leadership qualities and sound business judgment combined with his ability to build organizations and expand service offerings, make him ideally suited to assume this position. With over 250 Mexican citizens employed by the Company and the recent enactment by Congress to open the U.S.-Mexican border, which will permit Mexican drivers to operate in the United States, it is appropriate to have Sergio become part of the senior management of the Company."

    Celadon Group Inc. is a trucking and e-commerce Company headquartered in Indianapolis. The Company specializes in providing long-haul service (van truckload carriage and flatbed carriage) from the United States and Canada to and from locations in Mexico. The Company operates approximately 2,600 line haul tractors and 7,000 trailers. Please visit the Company's websites at: www.celadontrucking.com and www.truckersb2b.com.

    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.

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