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      Form 8-K (Merger Closing)
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      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
      D.C. 20549 </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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; LINE-HEIGHT: 1.25; 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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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): November 27, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>CENTRAL
      FREIGHT LINES, INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nevada</font></div>
            </td>
            <td valign="top" width="18%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">000-50485</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">74-2914331</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                incorporation)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
                Number)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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; LINE-HEIGHT: 1.25; 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; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5601
                West Waco Drive, Waco, TX</font></div>
            </td>
            <td valign="top" width="28%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">76710</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
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            <td valign="top" width="28%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                Code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(254)
      772-2120</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;
</font><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>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;
</font><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>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;
</font><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>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;
</font><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>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Introductory
      Note</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      November&#160;28, 2006, Central Freight Lines, Inc., a Nevada corporation (the
      "Company"), announced the completion of its going-private transaction. The
      transaction, which was approved by the Company's stockholders on November 21,
      2006, was accomplished through the merger on November 27, 2006 of Green
      Acquisition Company, a Nevada corporation ("Green"), with and into the Company,
      with the Company as the surviving corporation (the "Merger"). The Merger was
      consummated pursuant to the Agreement and Plan of Merger, dated as of January
      30, 2006, by and among the Company, Green, and North American Truck Lines,
      LLC,
      a Nevada limited liability company ("NATL"), as amended by the First Amendment
      to Agreement and Plan of Merger, dated as of September 13, 2006, by and among
      the Company, Green, and NATL (the "Merger Agreement"). As a result of the
      Merger, NATL, Jerry Moyes ("Mr. Moyes"), the Moyes Children's Trust, dated
      December 14, 1992 (the "Children's Trust), and the Jerry and Vickie Moyes Family
      Trust, dated December 11, 1987 (the "Family Trust" and with Mr. Moyes and the
      Children's Trust, the "Affiliated Continuing Investors") became the owners
      of
      one hundred percent (100%) of the capital stock of the Company, and the
      Company's stockholders (other than the Affiliated Continuing Investors) became
      entitled to receive $2.25 in cash, without interest, for each share of the
      Company's common stock, par value $0.001 per share (the "Company Common Stock").
      NATL and Green financed the Merger through equity contributions from Mr.
      Moyes.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
      into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Immediately
      prior to consummation of the Merger, the Company, the Affiliated Continuing
      Investors, and Robert V. Fasso, the Company's President and Chief Executive
      Officer, entered into a Stockholders' Agreement. The following is a summary
      of
      the material provisions of the Stockholders' Agreement:</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td align="justify" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
                stockholder shall transfer any of such stockholder's shares of common
                stock of the surviving corporation without granting Mr. Moyes a right
                of
                first refusal to acquire such stockholder's shares of common stock
                without
                the express written consent of Mr. Moyes, except as otherwise provided
                by
                the Stockholders' Agreement, which allows stockholders to make transfers,
                without the consent of Mr. Moyes, (i) to the surviving corporation;
                (ii)
                to any trust of which such stockholder is the trustee and the sole
                beneficiaries of which are one or more of</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">such
                stockholder, or such stockholder's spouse, children or step-children;
                (iii) to any limited partnership the general partner of which is
                the
                stockholder and the limited partners of which are one or more of
                such
                stockholder and such stockholder's spouse, children or step-children;
                (iv)
                any limited liability company of which the stockholder holds a majority
                of
                the membership interests and is the manager or the managing member
                or (v)
                in the case of any stockholder that is not an individual, to a
                wholly-owned affiliate of such stockholder (collectively, "Permitted
                Transferees").</font></div>
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            <td align="left" valign="top" width="10%">&#160;</td>
            <td align="left" valign="top" width="70%">&#160;</td>
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            <td align="right" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td align="justify" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stockholders
                shall have the right, subject to the terms and conditions set forth
                in the
                Stockholders' Agreement, to sell a pro rata portion of their shares
                of
                common stock of the surviving corporation, in the event that Mr.
                Moyes
                sells any of his interest in the common stock of the surviving corporation
                to a third party purchaser (other than to another Stockholder, a
                Permitted
                Transferee or to an affiliate of Mr. Moyes) (a "Third Party") on
                the same
                terms and conditions, including the per share price and the date
                of
                transfer, as is applicable to Mr. Moyes.</font></div>
            </td>
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            <td align="right" valign="top" width="10%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
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            <td align="right" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font>&#160;</div>
            </td>
            <td align="justify" valign="top" width="70%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font size="2">Mr.
                Moyes will have the right, subject to the
                terms and conditions set forth in the Stockholders' Agreement, to
                require
                each of the stockholders (and their Permitted Transferees (other
                than Mr.
                Moyes and the surviving corporation)) and each of the
                </font></div>
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    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
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    <div>&#160;</div>
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          <tr>
            <td align="left" valign="top" width="10%">&#160;</td>
            <td align="left" valign="top" width="70%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td align="justify" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">optionholders
                to sell a pro rata portion of such stockholder's shares of common
                stock of
                the surviving corporation (including any common stock issuable upon
                the
                exercise of any derivative securities), in the event that Mr. Moyes
                proposes to sell all or part of his shares of common stock of the
                surviving corporation, to a Third Party (specifically excluding any
                affiliate of Mr. Moyes) on the same terms and conditions, including
                the
                per share price and the date of transfer, as is applicable to Mr.
                Moyes.
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          </tr>
          <tr>
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            <td align="left" valign="top" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="right" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
                stockholder proposing to sell any shares of common stock of the surviving
                corporation to a Third Party must provide notice of such sale to
                Mr.
                Moyes. Mr. Moyes may elect to purchase all of the common stock in
                connection with the proposed sale on the same terms set forth in
                the
                notice of such proposed sale, subject to the terms and conditions
                set
                forth in the Stockholders' Agreement.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="10%">&#160;</td>
            <td align="left" valign="top" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="right" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                Mr. Moyes approves an initial public offering and sale of common
                stock or
                other equity securities (a "Public Offering") of the surviving corporation
                pursuant to an effective registration statement under the Securities
                Act,
                the stockholders and the optionholders will take all necessary or
                desirable actions in connection with the consummation of the Public
                Offering.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="10%">&#160;</td>
            <td align="left" valign="top" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="right" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                surviving corporation shall provide the stockholders with not less
                than 10
                days' notice of certain public offerings and sales of common stock
                or
                other equity securities of the surviving corporation (an "Offering"),
                and
                will use its reasonable best efforts to effect in connection with
                the
                Offering, the registration of all of the shares of common stock that
                each
                stockholder notifies the surviving corporation within 10 days of
                such
                notice to include in such Offering; subject to certain limitations
                including, (i) the surviving corporation determining for any reason
                not to
                register such other securities or (ii) the managing underwriters
                determining that (A) the selling stockholders should be excluded
                from the
                Offering or (B) the number of shares proposed to be sold exceeds
                the
                number which can be sold in an orderly manner or without materially
                adversely affecting the market for the common stock of the surviving
                corporation in which case the number of shares to be sold by the
                stockholders will be reduced pro rata. Once Mr. Moyes has recovered
                all
                investments, costs and expenses incurred in purchasing Central and
                funding
                the operations of the surviving corporation, then the Children's
                Trust
                will be permitted to participate in an Offering on an equal basis
                with Mr.
                Moyes, but in no case greater than Moyes and the Children's Trust's
                combined pro rata portion of the total number of shares of common
                stock of
                the surviving corporation that all stockholders have elected to include
                in
                such Offering. The stockholders and optionholders will take all necessary
                or desirable actions in connection with the consummation of the
                Offering.</font></div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="10%">&#160;</td>
            <td align="justify" valign="top" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="right" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font>&#160;</div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font size="2">The
                Stockholders' Agreement may be amended only
                by a written instrument approved by the surviving corporation, on
                the one
                hand, and on behalf of the other parties to the Stockholders' Agreement
                by
                the holders of at least 60% of the voting power of the surviving
                corporation owned by the parties to the Stockholders' Agreement (other
                than the surviving corporation), on the other hand; <font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">provided</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                however</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
                that, any amendment which adversely affect the rights or obligations
                of
                the stockholders thereunder or imposes additional obligations on
                such
                stockholders shall also require the written approval of the holders
                of at
                least a majority of the voting stock of the surviving corporation held by
                stockholders other than Mr. Moyes; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">provided</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">further</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
                that without the approval of any of the parties thereto, the Stockholders'
                Agreement may be amended by the board of directors of the surviving
                corporation to, among other things, (i) implement the addition of
                any
                person as a stockholder, (ii) to satisfy certain legal requirements
                and
                (iii) cure any ambiguity or correct
</font></font></div>
            </td>
          </tr>

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    <div>&#160;</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      <div>&#160;</div>
      <div>&#160;</div>
    </div>
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          <tr>
            <td align="right" valign="top" width="10%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
            </td>
            <td align="justify" valign="top" width="70%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">or
                supplement any provision of the Stockholders' Agreement that may
                be
                incomplete or inconsistent with any other provision contained therein,
                so
                long as such amendment or supplement does not adversely affect the
                interests of Mr. Moyes or the stockholders
                thereunder.</font></div>
            </td>
          </tr>

      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
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      of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
      Transfer of Listing.</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with the Closing, the Company notified The Nasdaq Stock Market
      ("Nasdaq") on November&#160;27, 2006 that the Merger was consummated, pursuant
      to which the Company's stockholders (other than the Affiliated Continuing
      Investors) became entitled to receive $2.25 per share in cash, without interest,
      for each share of Company Common Stock. The Company requested that the Company
      Common Stock be suspended from the Nasdaq Global Market, effective at the close
      of market on the date of the Closing, and that Nasdaq file with the Securities
      and Exchange Commission an application on Form&#160;25 to report that the shares
      of Company Common Stock are no longer listed on the Nasdaq Global Market. The
      Company Common Stock was suspended from the Nasdaq Global Market, and the
      application on Form 25 was filed on November 28, 2006.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
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      Modification to Rights of Security Holders.</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      November&#160;27, 2006, pursuant to the terms of the Merger Agreement, each
      share of Company Common Stock (other than shares held by the Affiliated
      Continuing Investors) issued and outstanding immediately prior to the effective
      time of the Merger was canceled and automatically converted into the right
      to
      receive $2.25 per share in cash, without interest. Each share of Company Common
      Stock held by the Affiliated Continuing Investors remained outstanding as a
      share of common stock of the surviving corporation, and each share of common
      stock of Green was converted into a share of common stock of the surviving
      corporation.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.01<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Changes
      in Control of Registrant.</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      November&#160;27, 2006, pursuant to the terms of the Merger Agreement, the
      Company consummated the Merger. The Company was the surviving corporation in
      the
      Merger. As a result of the Merger, the outstanding common stock of the Company
      is owned as follows: 62.9% by NATL, 25.7% by the Children's Trust, 7.0% by
      the
      Family Trust, and 4.5% by Mr. Moyes. Mr. Fasso will be able to purchase
      approximately 2.7% of the common stock of the Company pursuant to his stock
      option agreement, which was amended on September 13, 2006 to allow the stock
      options to remain outstanding following the Merger. Mr. Moyes owns all of the
      outstanding equity interests of NATL.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.02<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</strong></font><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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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the terms of the Merger Agreement, the directors of Green immediately prior
      to the effective time of the Merger became the directors of the surviving
      corporation. Accordingly, upon consummation of the Merger on November&#160;27,
      2006, the following individuals submitted their resignations and ceased to
      be
      members of the board of directors of the Company: John Breslow, John Campbell
      Carruth, Robert V. Fasso, and Porter J. Hall. On November&#160;27, 2006,
      pursuant to the terms of the Merger Agreement, the following two directors
      of
      Green became the directors of the Company immediately upon consummation of
      the
      Merger: Jerry Moyes and Jeffrey A. Shumway.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
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    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
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      Year.</font></strong></font></div>
    <div>&#160;</div>
    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;Pursuant
      to
      the terms of the Merger Agreement, effective immediately upon consummation
      of
      the Merger on November&#160;27, 2006, the amended and restated articles of
      incorporation of&#160; the Company as in effect immediately prior to the Merger
      were amended and restated and, as so amended and restated, became the amended
      and restated articles of incorporation of the surviving corporation. A copy
      of
      the amended and restated articles of incorporation of the Company is attached
      as
      Exhibit 3.1 hereto and is incorporated herein by reference.</font></div>
    <div>
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        the terms of the Merger Agreement, effective immediately upon consummation
        of
        the Merger on November&#160;27, 2006, the by-laws of the Company as in effect
        immediately prior to the Merger were amended and restated and, as so amended
        and
        restated, became the amended and restated by-laws of the surviving corporation.
        A copy of the amended and restated by-laws of the Company is attached as
        Exhibit
        3.2 hereto and is incorporated herein by reference.</font></div>
    </div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      8.01<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Other
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    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font size="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;&#160;
      On November 28, 2006, the Company issued a press release announcing the
      consummation of the Merger, which press release is filed as Exhibit 99.1
      hereto.</font></font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 63pt; TEXT-INDENT: -63pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
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    <div style="DISPLAY: block; MARGIN-LEFT: 108pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div align="left">
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          <tr>
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            <td align="left" valign="top" width="9%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><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; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>NUMBER</u></font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>EXHIBIT
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            </td>
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          <tr>
            <td align="left" valign="top" width="13%">&#160;</td>
            <td align="left" valign="top" width="9%">&#160;</td>
            <td align="left" valign="top" width="55%">&#160;</td>
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          <tr>
            <td align="left" valign="top" width="13%">&#160;</td>
            <td align="left" valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="exhibit31.htm">3.1</a></font></td>
            <td align="left" valign="top" width="55%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
              and Restated Articles of Incorporation of Central Freight Lines,
              Inc.</font></td>
          </tr>
          <tr>
            <td align="left" valign="top" width="13%">&#160;</td>
            <td align="left" valign="top" width="9%">&#160;</td>
            <td align="left" valign="top" width="55%">&#160;</td>
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          <tr>
            <td align="left" valign="top" width="13%">&#160;</td>
            <td align="left" valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="exhibit32.htm">3.2</a></font></td>
            <td align="left" valign="top" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
                and Restated By-laws of Central Freight Lines, Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="13%">&#160;</td>
            <td align="left" valign="top" width="9%">&#160;</td>
            <td align="left" valign="top" width="55%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="13%">&#160;</td>
            <td align="left" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="exhibit991.htm">99.1</a></font></div>
            </td>
            <td align="left" valign="top" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                release dated November 28, 2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="80%">

          <tr>
            <td align="justify" valign="top" width="3%">&#160;</td>
            <td align="justify" valign="top" width="27%">&#160;</td>
            <td align="justify" colspan="2" valign="top" width="32%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CENTRAL
                FREIGHT LINES, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="3%">&#160;</td>
            <td align="justify" valign="top" width="27%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="30%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:</font></div>
            </td>
            <td align="justify" valign="top" width="27%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">November
                29, 2006</font></div>
            </td>
            <td align="justify" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="justify" valign="top" width="30%" style="border-bottom: black thin solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
              /s/ Jeff Hale</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="3%">&#160;</td>
            <td align="justify" valign="top" width="27%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jeff
                Hale</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="3%">&#160;</td>
            <td align="justify" valign="top" width="27%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and</font></div>
            </td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="3%">&#160;</td>
            <td align="justify" valign="top" width="27%">&#160;</td>
            <td align="justify" valign="top" width="2%">&#160;</td>
            <td align="justify" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                Financial Officer</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <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>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
      INDEX</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div align="right">
      <table cellpadding="0" cellspacing="0" width="90%">

          <tr>
            <td align="justify" valign="top" width="10%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><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; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>NUMBER</u></font></div>
            </td>
            <td align="justify" valign="top" width="55%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; 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 align="justify" valign="top" width="10%">&#160;</td>
            <td align="justify" valign="top" width="55%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="exhibit31.htm">3.1</a></font></td>
            <td align="justify" valign="top" width="55%"><font size="2">Amended
              and Restated
              Articles of Incorporation of Central Freight Lines, Inc.</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">&#160;</td>
            <td align="justify" valign="top" width="55%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="exhibit32.htm">3.2</a></font></td>
            <td align="justify" valign="top" width="55%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
              and Restated By-laws of Central Freight Lines, Inc</font></td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">&#160;</td>
            <td align="justify" valign="top" width="55%">&#160;</td>
          </tr>
          <tr>
            <td align="justify" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><a href="exhibit991.htm">99.1</a></font></div>
            </td>
            <td align="justify" valign="top" width="55%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                release dated November 28, 2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
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[{"type": "8-K", "sequence": "1", "filename": "form8k.htm", "description": "FORM 8-K (MERGER CLOSING)", "secsgml_size_bytes": 62949}]
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Form 8-K (Merger Closing)
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): November 27, 2006
CENTRAL
      FREIGHT LINES, INC.
(Exact
      name of registrant as specified in its charter)
Nevada
000-50485
74-2914331
(State
                or other jurisdiction
of
                incorporation)
(Commission
File
                Number)
(IRS
                Employer
Identification
                No.)
5601
                West Waco Drive, Waco, TX
76710
(Address
                of principal executive offices)
(Zip
                Code)
(254)
      772-2120
(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:
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))
Introductory
      Note
On
      November 28, 2006, Central Freight Lines, Inc., a Nevada corporation (the
      "Company"), announced the completion of its going-private transaction. The
      transaction, which was approved by the Company's stockholders on November 21,
      2006, was accomplished through the merger on November 27, 2006 of Green
      Acquisition Company, a Nevada corporation ("Green"), with and into the Company,
      with the Company as the surviving corporation (the "Merger"). The Merger was
      consummated pursuant to the Agreement and Plan of Merger, dated as of January
      30, 2006, by and among the Company, Green, and North American Truck Lines,
      LLC,
      a Nevada limited liability company ("NATL"), as amended by the First Amendment
      to Agreement and Plan of Merger, dated as of September 13, 2006, by and among
      the Company, Green, and NATL (the "Merger Agreement"). As a result of the
      Merger, NATL, Jerry Moyes ("Mr. Moyes"), the Moyes Children's Trust, dated
      December 14, 1992 (the "Children's Trust), and the Jerry and Vickie Moyes Family
      Trust, dated December 11, 1987 (the "Family Trust" and with Mr. Moyes and the
      Children's Trust, the "Affiliated Continuing Investors") became the owners
      of
      one hundred percent (100%) of the capital stock of the Company, and the
      Company's stockholders (other than the Affiliated Continuing Investors) became
      entitled to receive $2.25 in cash, without interest, for each share of the
      Company's common stock, par value $0.001 per share (the "Company Common Stock").
      NATL and Green financed the Merger through equity contributions from Mr.
      Moyes.
Item
      1.01
Entry
      into a Material Definitive Agreement.
Immediately
      prior to consummation of the Merger, the Company, the Affiliated Continuing
      Investors, and Robert V. Fasso, the Company's President and Chief Executive
      Officer, entered into a Stockholders' Agreement. The following is a summary
      of
      the material provisions of the Stockholders' Agreement:
·
No
                stockholder shall transfer any of such stockholder's shares of common
                stock of the surviving corporation without granting Mr. Moyes a right
                of
                first refusal to acquire such stockholder's shares of common stock
                without
                the express written consent of Mr. Moyes, except as otherwise provided
                by
                the Stockholders' Agreement, which allows stockholders to make transfers,
                without the consent of Mr. Moyes, (i) to the surviving corporation;
                (ii)
                to any trust of which such stockholder is the trustee and the sole
                beneficiaries of which are one or more of
such
                stockholder, or such stockholder's spouse, children or step-children;
                (iii) to any limited partnership the general partner of which is
                the
                stockholder and the limited partners of which are one or more of
                such
                stockholder and such stockholder's spouse, children or step-children;
                (iv)
                any limited liability company of which the stockholder holds a majority
                of
                the membership interests and is the manager or the managing member
                or (v)
                in the case of any stockholder that is not an individual, to a
                wholly-owned affiliate of such stockholder (collectively, "Permitted
                Transferees").
·
Stockholders
                shall have the right, subject to the terms and conditions set forth
                in the
                Stockholders' Agreement, to sell a pro rata portion of their shares
                of
                common stock of the surviving corporation, in the event that Mr.
                Moyes
                sells any of his interest in the common stock of the surviving corporation
                to a third party purchaser (other than to another Stockholder, a
                Permitted
                Transferee or to an affiliate of Mr. Moyes) (a "Third Party") on
                the same
                terms and conditions, including the per share price and the date
                of
                transfer, as is applicable to Mr. Moyes.
·
Mr.
                Moyes will have the right, subject to the
                terms and conditions set forth in the Stockholders' Agreement, to
                require
                each of the stockholders (and their Permitted Transferees (other
                than Mr.
                Moyes and the surviving corporation)) and each of the
optionholders
                to sell a pro rata portion of such stockholder's shares of common
                stock of
                the surviving corporation (including any common stock issuable upon
                the
                exercise of any derivative securities), in the event that Mr. Moyes
                proposes to sell all or part of his shares of common stock of the
                surviving corporation, to a Third Party (specifically excluding any
                affiliate of Mr. Moyes) on the same terms and conditions, including
                the
                per share price and the date of transfer, as is applicable to Mr.
                Moyes.
·
Any
                stockholder proposing to sell any shares of common stock of the surviving
                corporation to a Third Party must provide notice of such sale to
                Mr.
                Moyes. Mr. Moyes may elect to purchase all of the common stock in
                connection with the proposed sale on the same terms set forth in
                the
                notice of such proposed sale, subject to the terms and conditions
                set
                forth in the Stockholders' Agreement.
·
If
                Mr. Moyes approves an initial public offering and sale of common
                stock or
                other equity securities (a "Public Offering") of the surviving corporation
                pursuant to an effective registration statement under the Securities
                Act,
                the stockholders and the optionholders will take all necessary or
                desirable actions in connection with the consummation of the Public
                Offering.
·
The
                surviving corporation shall provide the stockholders with not less
                than 10
                days' notice of certain public offerings and sales of common stock
                or
                other equity securities of the surviving corporation (an "Offering"),
                and
                will use its reasonable best efforts to effect in connection with
                the
                Offering, the registration of all of the shares of common stock that
                each
                stockholder notifies the surviving corporation within 10 days of
                such
                notice to include in such Offering; subject to certain limitations
                including, (i) the surviving corporation determining for any reason
                not to
                register such other securities or (ii) the managing underwriters
                determining that (A) the selling stockholders should be excluded
                from the
                Offering or (B) the number of shares proposed to be sold exceeds
                the
                number which can be sold in an orderly manner or without materially
                adversely affecting the market for the common stock of the surviving
                corporation in which case the number of shares to be sold by the
                stockholders will be reduced pro rata. Once Mr. Moyes has recovered
                all
                investments, costs and expenses incurred in purchasing Central and
                funding
                the operations of the surviving corporation, then the Children's
                Trust
                will be permitted to participate in an Offering on an equal basis
                with Mr.
                Moyes, but in no case greater than Moyes and the Children's Trust's
                combined pro rata portion of the total number of shares of common
                stock of
                the surviving corporation that all stockholders have elected to include
                in
                such Offering. The stockholders and optionholders will take all necessary
                or desirable actions in connection with the consummation of the
                Offering.
·
The
                Stockholders' Agreement may be amended only
                by a written instrument approved by the surviving corporation, on
                the one
                hand, and on behalf of the other parties to the Stockholders' Agreement
                by
                the holders of at least 60% of the voting power of the surviving
                corporation owned by the parties to the Stockholders' Agreement (other
                than the surviving corporation), on the other hand;
provided
,
however
,
                that, any amendment which adversely affect the rights or obligations
                of
                the stockholders thereunder or imposes additional obligations on
                such
                stockholders shall also require the written approval of the holders
                of at
                least a majority of the voting stock of the surviving corporation held by
                stockholders other than Mr. Moyes;
provided
,
further
,
                that without the approval of any of the parties thereto, the Stockholders'
                Agreement may be amended by the board of directors of the surviving
                corporation to, among other things, (i) implement the addition of
                any
                person as a stockholder, (ii) to satisfy certain legal requirements
                and
                (iii) cure any ambiguity or correct
or
                supplement any provision of the Stockholders' Agreement that may
                be
                incomplete or inconsistent with any other provision contained therein,
                so
                long as such amendment or supplement does not adversely affect the
                interests of Mr. Moyes or the stockholders
                thereunder.
Item
      3.01
Notice
      of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;
      Transfer of Listing.
In
      connection with the Closing, the Company notified The Nasdaq Stock Market
      ("Nasdaq") on November 27, 2006 that the Merger was consummated, pursuant
      to which the Company's stockholders (other than the Affiliated Continuing
      Investors) became entitled to receive $2.25 per share in cash, without interest,
      for each share of Company Common Stock. The Company requested that the Company
      Common Stock be suspended from the Nasdaq Global Market, effective at the close
      of market on the date of the Closing, and that Nasdaq file with the Securities
      and Exchange Commission an application on Form 25 to report that the shares
      of Company Common Stock are no longer listed on the Nasdaq Global Market. The
      Company Common Stock was suspended from the Nasdaq Global Market, and the
      application on Form 25 was filed on November 28, 2006.
Item
      3.03
Material
      Modification to Rights of Security Holders.
On
      November 27, 2006, pursuant to the terms of the Merger Agreement, each
      share of Company Common Stock (other than shares held by the Affiliated
      Continuing Investors) issued and outstanding immediately prior to the effective
      time of the Merger was canceled and automatically converted into the right
      to
      receive $2.25 per share in cash, without interest. Each share of Company Common
      Stock held by the Affiliated Continuing Investors remained outstanding as a
      share of common stock of the surviving corporation, and each share of common
      stock of Green was converted into a share of common stock of the surviving
      corporation.
Item
      5.01
Changes
      in Control of Registrant.
On
      November 27, 2006, pursuant to the terms of the Merger Agreement, the
      Company consummated the Merger. The Company was the surviving corporation in
      the
      Merger. As a result of the Merger, the outstanding common stock of the Company
      is owned as follows: 62.9% by NATL, 25.7% by the Children's Trust, 7.0% by
      the
      Family Trust, and 4.5% by Mr. Moyes. Mr. Fasso will be able to purchase
      approximately 2.7% of the common stock of the Company pursuant to his stock
      option agreement, which was amended on September 13, 2006 to allow the stock
      options to remain outstanding following the Merger. Mr. Moyes owns all of the
      outstanding equity interests of NATL.
Item
      5.02
Departure
      of Directors or Certain Officers; Election of Directors; Appointment of Certain
      Officers; Compensatory Arrangements of Certain Officers.
Pursuant
      to the terms of the Merger Agreement, the directors of Green immediately prior
      to the effective time of the Merger became the directors of the surviving
      corporation. Accordingly, upon consummation of the Merger on November 27,
      2006, the following individuals submitted their resignations and ceased to
      be
      members of the board of directors of the Company: John Breslow, John Campbell
      Carruth, Robert V. Fasso, and Porter J. Hall. On November 27, 2006,
      pursuant to the terms of the Merger Agreement, the following two directors
      of
      Green became the directors of the Company immediately upon consummation of
      the
      Merger: Jerry Moyes and Jeffrey A. Shumway.
Item
      5.03
Amendments
      to Articles of Incorporation or Bylaws; Change in Fiscal
      Year.
Pursuant
      to
      the terms of the Merger Agreement, effective immediately upon consummation
      of
      the Merger on November 27, 2006, the amended and restated articles of
      incorporation of  the Company as in effect immediately prior to the Merger
      were amended and restated and, as so amended and restated, became the amended
      and restated articles of incorporation of the surviving corporation. A copy
      of
      the amended and restated articles of incorporation of the Company is attached
      as
      Exhibit 3.1 hereto and is incorporated herein by reference.
Pursuant
        to
        the terms of the Merger Agreement, effective immediately upon consummation
        of
        the Merger on November 27, 2006, the by-laws of the Company as in effect
        immediately prior to the Merger were amended and restated and, as so amended
        and
        restated, became the amended and restated by-laws of the surviving corporation.
        A copy of the amended and restated by-laws of the Company is attached as
        Exhibit
        3.2 hereto and is incorporated herein by reference.
Item
      8.01
Other
      Events.
On November 28, 2006, the Company issued a press release announcing the
      consummation of the Merger, which press release is filed as Exhibit 99.1
      hereto.
Item
      9.01
Financial
      Statements and Exhibits.
(d)
Exhibits:
EXHIBIT
NUMBER
EXHIBIT
                DESCRIPTION
3.1
Amended
              and Restated Articles of Incorporation of Central Freight Lines,
              Inc.
3.2
Amended
                and Restated By-laws of Central Freight Lines, Inc.
99.1
Press
                release dated November 28, 2006.
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.
CENTRAL
                FREIGHT LINES, INC.
Date:
November
                29, 2006
By:
/s/ Jeff Hale
Jeff
                Hale
Senior
                Vice President and
Chief
                Financial Officer
EXHIBIT
      INDEX
EXHIBIT
NUMBER
EXHIBIT
                DESCRIPTION
3.1
Amended
              and Restated
              Articles of Incorporation of Central Freight Lines, Inc.
3.2
Amended
              and Restated By-laws of Central Freight Lines, Inc
99.1
Press
                release dated November 28, 2006.