Summary of CELADON GROUP INC

Results of Operations and Financial Condition, Notice of Delisting or Failure t

Item Results of Operations and Financial Condition.
2.02

On Wednesday, October 28, 2009, Celadon Group, Inc., a Delaware corporation (the "Company"), issued a press release after the close of the market announcing its financial and operating results for the three months ended September 30, 2009, the first fiscal quarter of the Company's fiscal year ending June 30, 2010, and the Company's intent to transfer the listing of the Company's common stock from the Nasdaq Stock Market LLC (Global Select Market) to the New York Stock Exchange. A copy of the press release is attached to this report as Exhibit 99.

Item Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
3.01 Transfer of Listing.

(d) Definitive Action of Board of Directors to Transfer Listing of Common Equity.

On Wednesday, October 28, 2009, the Board of Directors of the Company took definitive action to approve the transfer of the listing of the Company's common stock from the Nasdaq Stock Market LLC (Global Select Market) to the New York Stock Exchange.

Item
9.01   Financial Statements and Exhibits.

 (d)   Exhibits.

       EXHIBIT
       NUMBER        EXHIBIT DESCRIPTION

          99         Celadon Group, Inc. press release announcing financial and
                     operating results for the three months ended September 30, 2009,
                     the first fiscal quarter of the Company's fiscal year ending June
                     30, 2010, and the Company's intent to transfer the listing of the
                     Company's common stock from the Nasdaq Stock Market LLC (Global
                     Select Market) to the New York Stock Exchange.

The information contained in Items 2.02 and 9.01 of this report and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The information in this report and the exhibit hereto may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements are made based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results or events may differ from those anticipated by forward-looking statements. Please refer to the second-to-last paragraph of the attached press release and various disclosures by the Company in its press releases, stockholder reports, and filings with the Securities and Exchange Commission for information concerning risks, uncertainties, and other factors that may affect future results.