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Celadon Group Announces 24 Hour Case Study Competition Winner

Celadon Group Inc. (NYSE: CGI) today announced the winner of its first 24 Hour Case Study Competition. The competition involved 7 teams from four different colleges and universities, including Butler University, Franklin College, University of Indianapolis, and Indiana University Purdue University at Indianapolis. The case study provided real world business experience for students, focusing on the issue of driver retention and potential solutions to reduce the significant challenges and costs impacting Celadon Trucking and the industry in general.

Teams were given the case on a Friday morning and had 24 hours to conduct research, compile data, outline findings and present potential solutions to the driver retention challenge. Teams were judged on their level of professionalism, visual presentation, overall solutions content, and their responses to questions from Celadon’s executive team and industry experts during defense of their proposals. Though the efforts of all teams were outstanding and reflected very positively on their schools, one team set itself apart for its analytical approach in outlining solutions and value propositions, and then tying those together with a financial analysis on expected ROI. Congratulations to the winning team of Andrew Wallace, Mike Bursik, Robert Beckett, and Alex Povejsil from Butler University. Celadon President and CEO, Paul Will, commented, “We went through the judging process and it certainly was not an easy decision. We were very impressed with the proposals from all the competitors, but in the end, it was clear that the Butler team put forth the most analytical approach, with clear projections on implementation costs and potential return on investment.” The Butler students earned the Celadon 24 Hour Case Study Competition trophy and a cash prize of $1000. Again, Celadon congratulates all the teams for great work and solid ideas on how to attack the challenging issue of driver retention.

Celadon Group, Inc. ( www.celadongroup.com), through its subsidiaries, provides long-haul and regional full-truckload freight service across the United States, Canada and Mexico. The company also owns Celadon Logistics Services, which provides freight brokerage services, less-than-truckload services, as well as supply chain management solutions, including warehousing and dedicated fleet services.

Copyright Business Wire 2010

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