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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;">Washington,
      D.C. 20549</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>__________________________________________________________________</u></strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FORM
      8-K</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
      to Section 13 OR 15(d) of the Securities Exchange Act of
      1934</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
      of
      Report (Date of earliest event reported):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">July
      25,
      2007</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><u>__________________________________________________________________</u></strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><img src="cldnlogo.jpg" alt="">&#160;</div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>CELADON
      GROUP, INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Exact
      name of registrant as specified in its charter)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Delaware</font></div>
            </td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">000-23192</font></div>
            </td>
            <td valign="top" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">13-3361050</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(State
                or other jurisdiction</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">of
                incorporation)</font></div>
            </td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Commission</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">File
                Number)</font></div>
            </td>
            <td valign="top" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(IRS
                Employer</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Identification
                No.)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">9503
                East 33<font style="DISPLAY: inline; FONT-SIZE: 10pt;"><sup>rd</sup></font>
                Street</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">One
                Celadon Drive, Indianapolis, IN</font></div>
            </td>
            <td valign="bottom" width="28%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">46235</font></div>
            </td>
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            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Address
                of principal executive offices)</font></div>
            </td>
            <td valign="top" width="28%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Zip
                Code)</font></div>
            </td>
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      </table>
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    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(317)
      972-7000</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(Registrant's
      telephone number, including area code)</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
    <div><br></div>
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                &#160;]</font></div>
            </td>
            <td align="left" valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">[&#160;
                &#160;]</font></div>
            </td>
            <td align="left" valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">[&#160;
                &#160;]</font></div>
            </td>
            <td align="left" valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">[
                &#160;&#160;]</font></div>
            </td>
            <td align="left" valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
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    </div>
    <div><br></div><br>
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    <div>&#160;</div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Item
                5.02</strong></font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Departure
                of Directors or Certain Officers; Election of Directors; Appointment
                of
                Certain Officers; Compensatory Arrangements of Certain
                Officers.</strong></font></div>
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      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Resignation
      of Chris Hines</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>On
      July 25, 2007, non-employee director
      Chris Hines, tendered his resignation as a member of the Board of Directors
      (the
      "Board") of Celadon Group, Inc., a Delaware corporation (the "Company"),
      effective on that date, in connection with his acceptance of the position of
      President and Chief Operating Officer of the Company.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Election
      of Catherine Langham</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Following
      Mr. Hines&#8217; resignation as a
      member of the Board on June 25, 2007, the Board elected Catherine Langham as
      a
      director, effective immediately<strong>,</strong> to hold office until the next
      election of directors and until her successor is duly elected and qualified
      or
      until her earlier resignation or removal.&#160;&#160;Ms. Langham will serve on
      both of the Board's committees (audit and corporate governance and compensation
      and nominating).&#160;&#160;The Board has concluded that Ms. Langham is
      independent in accordance with the director independence standards established
      under Rule 4200(a)(15) of the National Association of Securities Dealers, Inc.,
      and Rule 10A-3(b)(1) under the Securities Exchange Act of 1934, as
      amended.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Ms.
      Langham is President and Chief
      Executive Officer of Langham Logistics, Inc. ("LLI"), a global freight
      management company specializing in expedited transportation, warehousing, and
      distribution based in Indianapolis, Indiana.&#160;&#160;Ms. Langham has been
      with LLI since its inception over nineteen years ago and brings over twenty
      years of experience in the logistics industry.&#160;&#160;&#160;Previously, Ms.
      Langham was a director of Marsh Supermarket, Inc. from 1998 through September
      2006, where she also served on the audit and executive
      committees.&#160;&#160;Ms. Langham currently serves as a director of The Finish
      Line, Inc., Chairperson of the Greater Indianapolis Chamber of Commerce, and
      as
      a member of the Regions Bank Board of Advisors.&#160;&#160;Ms. Langham is a
      former chairperson of the Indiana Board of the National Association of Women
      Business Owners and of the Air Forwarders Association.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>There
      are no arrangements or
      understandings between Ms. Langham and any other persons pursuant to which
      she
      was selected as a director, nor are there any transactions of the type described
      in Item 404(a) of Regulation S-K.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Retirement
      of Thomas Glaser and Entry into Separation Agreement</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>On
      July 25, 2007, Thomas Glaser retired
      from his position as the Company's President and Chief Operating Officer,
      effective immediately.&#160;&#160;Mr. Glaser and the Celadon Trucking Services,
      Inc. ("CTSI"), a subsidiary of the Company, have entered into a Separation
      Agreement, General Release, Consulting Agreement, and Non-Competition,
      Non-Disclosure, and Non-Solicitation Agreement dated July 25, 2007 (the
      "Agreement").</font></div>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Under
        the Agreement, CTSI will pay Mr.
        Glaser his current salary through August 3, 2008, and continue certain
        employment related insurance benefits and auto benefits through August 31,
        2007.&#160;&#160;Mr. Glaser will be permitted to exercise the vested portion of
        stock options previously granted to him on or before September 4, 2007, and
        to
        receive payment for the vested portion of stock appreciation rights previously
        granted to him based upon the market price of the Company's stock at the
        close
        of the market on Friday, August 3, 2007, Mr. Glaser's last day of employment
        with the Company.&#160;&#160;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>In
        addition, the Company will allow Mr.
        Glaser&#8217;s restricted stock grants granted to him October 30, 2003, to continue to
        vest through October 30, 2007.&#160;&#160;An additional&#160;14,062 shares would
        vest pursuant to such arrangement.&#160;&#160;In consideration of the foregoing,
        Mr. Glaser has agreed to furnish certain transportation consulting services
        as
        further described in the Agreement and to certain restrictions on (i) disclosure
        of proprietary information of the Company, (ii) disparagement of the Company,
        (iii) solicitation of the Company's employees, customers, and independent
        contractors, and (iv) engagement in competition with the Company for a period
        of
        twenty-four months.&#160;&#160;The Company and Mr. Glaser also have agreed to
        enter into mutual releases.</font></div><br></div>
    <div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
      above summary of the material terms
      of the Agreement is qualified in its entirety by reference to the full text
      of
      the Agreement, which will be filed with the Company's Quarterly Report on Form
      10-Q for the fiscal quarter ended September 30, 2007.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Appointment
      of Chris Hines to President and Chief Operating Officer of the
      Company</u></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
      Board appointed Chris Hines, age
      47, as the Company's President and Chief Operating Officer, effective
      immediately.&#160;&#160;Mr. Hines previously served as a director of the Company
      from July 1, 2006, until July 25, 2007.&#160;&#160;Prior to his appointment to
      President and Chief Operating Officer of the Company, Mr. Hines served as the
      President and Chief Operating Officer of Tripmaster Corp., an onboard computer
      and asset management company primarily serving the trucking industry from June
      2006 through July 2007.&#160;&#160;From 2004 to 2006, Mr. Hines was the
      President and Chief Executive Officer of Atipical Holdings, Inc., a business
      focused on asset management, equipment finance, and backroom productivity
      solutions.&#160;&#160;From 2003 to 2004, Mr. Hines served as President of
      Pegasus Transtech, a provider of imaging-based business process and workflow
      solutions.&#160;&#160;In 2003, Mr. Hines served as Executive Vice President of
      Terion, Inc., a provider of satellite equipment tracking hardware and
      software.&#160;&#160;From 1986 to 2002, Mr. Hines served in various roles with
      TIP North American, a G.E. Capital subsidiary offering trailer financing
      services, including serving as President from 2000 to 2002.&#160;&#160;Mr. Hines
      has served on the Truckload Carriers of America Board of Directors since
      2001.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Mr.
      Hines&#8217; salary and other
      compensation arrangements are subject to approval by the Compensation and
      Nominating Committee (the "Compensation Committee")&#160;of the Board of the
      Company.&#160;&#160;Upon final determination and approval by the Compensation
      Committee, the Company will cause the disclosure of such information on a
      subsequent Current Report on Form 8-K and such other SEC reports as may be
      required.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>Like
      other executive officers of the
      Company, Mr. Hines will not have an employment agreement with the Company.
      There
      are no transactions between Mr. Hines and the Company of the type described
      in
      Item 404(a) of Regulation S-K.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>In
      connection with the foregoing, the
      Company issued a press release which was filed&#160;as Exhibit 99 to the Current
      Report on Form 8-K filed with the SEC on July 26, 2007, and such exhibit is
      incorporated herein by reference.</font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="6%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Item
                7.01</strong></font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Regulation
                FD Disclosure.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>On
      July 25, 2007, the Company issued a
      press release after the close of the market announcing the (i) financial and
      operating results of the Company for the fourth fiscal quarter and year ended
      June 30, 2007; (ii) resignation of Chris Hines from its Board; (iii) election
      of
      Catherine Langham to the Board; (iv) retirement of Thomas Glaser from President
      and Chief Operating Officer of the Company; and (v) appointment of Chris Hines
      to President and Chief Operating Officer of the Company. A press release
      correcting certain minor computational errors in the financial information
      described under clause (i) above and replacing the previous press release was
      issued prior to the open of the market on July 26, 2007.&#160;&#160;&#160;The
      corrected copy of the press release was subsequently filed as Exhibit 99 to
      the
      Current Report on Form 8-K filed with the SEC on July 26, 2007, and is
      incorporated herein by reference.</font></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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    </div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>The
      information contained in this Item
      7.01 and the exhibit incorporated herein by reference shall not be deemed
&#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934 (the
      "Exchange Act"), or incorporated by reference in any filing under the Securities
      Act of 1933, as amended, or the Exchange Act, except as shall be expressly
      set
      forth by specific reference in such a filing.</font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="justify" valign="top" width="6%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Item
                9.01</strong></font></div>
            </td>
            <td align="justify" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Financial
                Statements and Exhibits.</strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="bottom" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>(d)</strong></font></div>
            </td>
            <td align="left" valign="bottom" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>Exhibits.</strong></font></div>
            </td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="7%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">EXHIBIT</font></div>
            </td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="2%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="3%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="bottom" width="7%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>NUMBER</u></font></div>
            </td>
            <td valign="top" width="2%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="bottom" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>EXHIBIT
                DESCRIPTION</u></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="7%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">99</font></div>
            </td>
            <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Celadon
                Group, Inc. press release announcing financial and operating results
                for
                the fourth fiscal quarter and year ended June 30, 2007 and certain
                management changes (incorporated herein by reference to Exhibit 99
                to the
                Current Report on Form 8-K filed with the SEC on July 26,
                2007).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
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    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">SIGNATURE</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 24pt;"></font>Pursuant
      to the requirements of the
      Securities Exchange Act of 1934, the registrant has duly caused this report
      to
      be signed on its behalf by the undersigned hereunto duly
      authorized.</font></div>
    <div><br></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="44%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><strong>CELADON
                GROUP, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="44%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Date:
                July 31, 2007</font></div>
            </td>
            <td align="justify" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
            </td>
            <td valign="top" width="44%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;/s/
              <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stephen
              Russell</font></font></td>
          </tr>
          <tr>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="44%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Stephen
                Russell</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="40%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="44%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Chairman
                and Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
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    <div><br></div>
    <div><br></div>
    <div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
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          </div>
        </div>
      </div>
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    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>EXHIBIT
      INDEX</strong></font></div>
    <div><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="bottom" width="8%" style="PADDING-BOTTOM: 2px">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">EXHIBIT</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>NUMBER</u></font></div>
            </td>
            <td valign="top" width="1%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="bottom" width="59%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;"><u>EXHIBIT
                DESCRIPTION</u></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="8%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">99</font></div>
            </td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="justify" valign="top" width="59%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Celadon
                Group, Inc. press release announcing financial and operating results
                for
                the fourth fiscal quarter and year ended June 30, 2007 and certain
                management changes (incorporated herein by reference to Exhibit 99
                to the
                Current Report on Form 8-K filed with the SEC on July 26,
                2007).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br></div>
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form8k.htm
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
__________________________________________________________________
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 OR 15(d) of the Securities Exchange Act of
      1934
Date
      of
      Report (Date of earliest event reported):
July
      25,
      2007
__________________________________________________________________
CELADON
      GROUP, INC.
(Exact
      name of registrant as specified in its charter)
Delaware
000-23192
13-3361050
(State
                or other jurisdiction
of
                incorporation)
(Commission
File
                Number)
(IRS
                Employer
Identification
                No.)
9503
                East 33
rd
Street
One
                Celadon Drive, Indianapolis, IN
46235
(Address
                of principal executive offices)
(Zip
                Code)
(317)
      972-7000
(Registrant's
      telephone number, including area code)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
[ 
                 ]
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)
[ 
                 ]
Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)
[ 
                 ]
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))
[
                  ]
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))
Item
                5.02
Departure
                of Directors or Certain Officers; Election of Directors; Appointment
                of
                Certain Officers; Compensatory Arrangements of Certain
                Officers.
Resignation
      of Chris Hines
On
      July 25, 2007, non-employee director
      Chris Hines, tendered his resignation as a member of the Board of Directors
      (the
      "Board") of Celadon Group, Inc., a Delaware corporation (the "Company"),
      effective on that date, in connection with his acceptance of the position of
      President and Chief Operating Officer of the Company.
Election
      of Catherine Langham
Following
      Mr. Hines' resignation as a
      member of the Board on June 25, 2007, the Board elected Catherine Langham as
      a
      director, effective immediately
,
to hold office until the next
      election of directors and until her successor is duly elected and qualified
      or
      until her earlier resignation or removal.  Ms. Langham will serve on
      both of the Board's committees (audit and corporate governance and compensation
      and nominating).  The Board has concluded that Ms. Langham is
      independent in accordance with the director independence standards established
      under Rule 4200(a)(15) of the National Association of Securities Dealers, Inc.,
      and Rule 10A-3(b)(1) under the Securities Exchange Act of 1934, as
      amended.
Ms.
      Langham is President and Chief
      Executive Officer of Langham Logistics, Inc. ("LLI"), a global freight
      management company specializing in expedited transportation, warehousing, and
      distribution based in Indianapolis, Indiana.  Ms. Langham has been
      with LLI since its inception over nineteen years ago and brings over twenty
      years of experience in the logistics industry.   Previously, Ms.
      Langham was a director of Marsh Supermarket, Inc. from 1998 through September
      2006, where she also served on the audit and executive
      committees.  Ms. Langham currently serves as a director of The Finish
      Line, Inc., Chairperson of the Greater Indianapolis Chamber of Commerce, and
      as
      a member of the Regions Bank Board of Advisors.  Ms. Langham is a
      former chairperson of the Indiana Board of the National Association of Women
      Business Owners and of the Air Forwarders Association.
There
      are no arrangements or
      understandings between Ms. Langham and any other persons pursuant to which
      she
      was selected as a director, nor are there any transactions of the type described
      in Item 404(a) of Regulation S-K.
Retirement
      of Thomas Glaser and Entry into Separation Agreement
On
      July 25, 2007, Thomas Glaser retired
      from his position as the Company's President and Chief Operating Officer,
      effective immediately.  Mr. Glaser and the Celadon Trucking Services,
      Inc. ("CTSI"), a subsidiary of the Company, have entered into a Separation
      Agreement, General Release, Consulting Agreement, and Non-Competition,
      Non-Disclosure, and Non-Solicitation Agreement dated July 25, 2007 (the
      "Agreement").
Under
        the Agreement, CTSI will pay Mr.
        Glaser his current salary through August 3, 2008, and continue certain
        employment related insurance benefits and auto benefits through August 31,
        2007.  Mr. Glaser will be permitted to exercise the vested portion of
        stock options previously granted to him on or before September 4, 2007, and
        to
        receive payment for the vested portion of stock appreciation rights previously
        granted to him based upon the market price of the Company's stock at the
        close
        of the market on Friday, August 3, 2007, Mr. Glaser's last day of employment
        with the Company.
In
        addition, the Company will allow Mr.
        Glaser's restricted stock grants granted to him October 30, 2003, to continue to
        vest through October 30, 2007.  An additional 14,062 shares would
        vest pursuant to such arrangement.  In consideration of the foregoing,
        Mr. Glaser has agreed to furnish certain transportation consulting services
        as
        further described in the Agreement and to certain restrictions on (i) disclosure
        of proprietary information of the Company, (ii) disparagement of the Company,
        (iii) solicitation of the Company's employees, customers, and independent
        contractors, and (iv) engagement in competition with the Company for a period
        of
        twenty-four months.  The Company and Mr. Glaser also have agreed to
        enter into mutual releases.
The
      above summary of the material terms
      of the Agreement is qualified in its entirety by reference to the full text
      of
      the Agreement, which will be filed with the Company's Quarterly Report on Form
      10-Q for the fiscal quarter ended September 30, 2007.
Appointment
      of Chris Hines to President and Chief Operating Officer of the
      Company
The
      Board appointed Chris Hines, age
      47, as the Company's President and Chief Operating Officer, effective
      immediately.  Mr. Hines previously served as a director of the Company
      from July 1, 2006, until July 25, 2007.  Prior to his appointment to
      President and Chief Operating Officer of the Company, Mr. Hines served as the
      President and Chief Operating Officer of Tripmaster Corp., an onboard computer
      and asset management company primarily serving the trucking industry from June
      2006 through July 2007.  From 2004 to 2006, Mr. Hines was the
      President and Chief Executive Officer of Atipical Holdings, Inc., a business
      focused on asset management, equipment finance, and backroom productivity
      solutions.  From 2003 to 2004, Mr. Hines served as President of
      Pegasus Transtech, a provider of imaging-based business process and workflow
      solutions.  In 2003, Mr. Hines served as Executive Vice President of
      Terion, Inc., a provider of satellite equipment tracking hardware and
      software.  From 1986 to 2002, Mr. Hines served in various roles with
      TIP North American, a G.E. Capital subsidiary offering trailer financing
      services, including serving as President from 2000 to 2002.  Mr. Hines
      has served on the Truckload Carriers of America Board of Directors since
      2001.
Mr.
      Hines' salary and other
      compensation arrangements are subject to approval by the Compensation and
      Nominating Committee (the "Compensation Committee") of the Board of the
      Company.  Upon final determination and approval by the Compensation
      Committee, the Company will cause the disclosure of such information on a
      subsequent Current Report on Form 8-K and such other SEC reports as may be
      required.
Like
      other executive officers of the
      Company, Mr. Hines will not have an employment agreement with the Company.
      There
      are no transactions between Mr. Hines and the Company of the type described
      in
      Item 404(a) of Regulation S-K.
In
      connection with the foregoing, the
      Company issued a press release which was filed as Exhibit 99 to the Current
      Report on Form 8-K filed with the SEC on July 26, 2007, and such exhibit is
      incorporated herein by reference.
Item
                7.01
Regulation
                FD Disclosure.
On
      July 25, 2007, the Company issued a
      press release after the close of the market announcing the (i) financial and
      operating results of the Company for the fourth fiscal quarter and year ended
      June 30, 2007; (ii) resignation of Chris Hines from its Board; (iii) election
      of
      Catherine Langham to the Board; (iv) retirement of Thomas Glaser from President
      and Chief Operating Officer of the Company; and (v) appointment of Chris Hines
      to President and Chief Operating Officer of the Company. A press release
      correcting certain minor computational errors in the financial information
      described under clause (i) above and replacing the previous press release was
      issued prior to the open of the market on July 26, 2007.   The
      corrected copy of the press release was subsequently filed as Exhibit 99 to
      the
      Current Report on Form 8-K filed with the SEC on July 26, 2007, and is
      incorporated herein by reference.
The
      information contained in this Item
      7.01 and the exhibit incorporated herein by reference shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the
      "Exchange Act"), or incorporated by reference in any filing under the Securities
      Act of 1933, as amended, or the Exchange Act, except as shall be expressly
      set
      forth by specific reference in such a filing.
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 fourth fiscal quarter and year ended June 30, 2007 and certain
                management changes (incorporated herein by reference to Exhibit 99
                to the
                Current Report on Form 8-K filed with the SEC on July 26,
                2007).
SIGNATURE
Pursuant
      to the requirements of the
      Securities Exchange Act of 1934, the registrant has duly caused this report
      to
      be signed on its behalf by the undersigned hereunto duly
      authorized.
CELADON
                GROUP, INC.
Date:
                July 31, 2007
By:
/s/
Stephen
              Russell
Stephen
                Russell
Chairman
                and Chief Executive Officer
EXHIBIT
      INDEX
EXHIBIT
NUMBER
EXHIBIT
                DESCRIPTION
99
Celadon
                Group, Inc. press release announcing financial and operating results
                for
                the fourth fiscal quarter and year ended June 30, 2007 and certain
                management changes (incorporated herein by reference to Exhibit 99
                to the
                Current Report on Form 8-K filed with the SEC on July 26,
                2007).