(b) Effective April 28, 2017, William Eric Meek, the President and Chief Operating Officer of Celadon Group, Inc., a Delaware corporation (the “Company”), resigned.

(c) Also effective April 28, 2017, Jonathan Russell was appointed as the Company’s President and Chief Operating Officer. Mr. Russell previously served as the Company’s President of Celadon Logistics, Inc., which includes the Company’s asset light business units. There is no specific term of office associated with Mr. Russell’s appointment. Mr. Russell, 45, had served in his previous position since November 2010. He was the Company’s Executive Vice President Logistics and President of TruckersB2B (a former wholly owned subsidiary of the Company) from August 2006 to November 2010. He was President of TruckersB2B from May 2003 to July 2006. He was COO of TruckersB2B from May 2002 to April 2003. He was Vice President of Operations for TruckersB2B from May 2000 to April 2002. Prior to joining TruckersB2B, Mr. Russell had been a Vice President in the Global Corporate Investment Bank of Citigroup Inc. for six years. While at Citi, Mr. Russell was responsible for the management of Citi’s New York Treasury non-dollar fixed-income portfolio. Mr. Russell is the son of the Company’s late founder and former Chairman and Chief Executive Officer, Stephen Russell.

There is no arrangement or understanding between Mr. Russell and any other person to which Mr. Russell was appointed President and Chief Operating Officer. There are no transactions in which Mr. Russell has an interest requiring disclosure under Item 404(a) of Regulation S-K.

About CELADON GROUP, INC. (NYSE:CGI)

Celadon Group, Inc. (Celadon) is a truckload freight transportation provider. The Company’s segments are asset-based, asset-light, and equipment leasing and services. Its services involve point-to-point shipping for its customers within the United States, between the United States and Mexico, and between the United States and Canada. The Company’s primary asset-based services include the United States domestic dry van, refrigerated and flatbed service; cross-border service between the United States and each of Mexico and Canada; intra-Mexico and intra-Canada service; contract service; regional and specialized short haul service, and rail intermodal service. The Company’s primary asset-light services include freight brokerage, warehousing, less-than truckload consolidation and supply chain logistics services. Celadon’s equipment leasing and services segment consists primarily of leasing activities with independent contractors and other trucking fleets.

CELADON GROUP, INC. (NYSE:CGI) Recent Trading Information

CELADON GROUP, INC. (NYSE:CGI) closed its last trading session up +0.10 at 1.65 with 3,974,070 shares trading hands.