Celadon Adds 200 Jobs -- Growth Focused in Carolinas

20 May 1999

Celadon Adds 200 Jobs -- Growth Focused in Carolinas

    INDIANAPOLIS, IN--May 20, 1999--Celadon Trucking Services, Inc., an Indianapolis-based trucking company, announced today the addition of 200 driving jobs in the North and South Carolina regions. Celadon Trucking is the main operating subsidiary of Celadon Group, Inc., a publicly-held transportation group specializing in international truck transportation.
    The company has recently been awarded several major contracts with large customers in North and South Carolina. These contracts cover both dedicated, round-trip movements between customer facilities, as well as traffic to and from Texas. In preparing to serve these and other customers, Celadon is updating and growing its fleet by purchasing 550 new tractors and 1,300 new trailers. These new units began delivering in March.
    Celadon already has a major presence in the area. Celadon Group is the parent company of Cheetah Transportation Company of Mooresville, NC, a flatbed motor carrier operating 250 tractors and trailers.
    Celadon Group, Inc. recently reported record revenues for the nine months ending March 31, 1999. Celadon Group is also the parent company of Gerth Transport, Kitchener, Ontario, and Servicios de Transportacion Jaguar, Mexico City, Mexico.
    Celadon is a truckload company specializing in the transport of goods from the Untied States and Canada to and from 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; the results of Gerth Transport; 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 and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com.