TRANSIT GROUP COMPLETES ACQUISITION OF CARROLL 
FULMER GROUP, INC.; COMPANY EXPANDS ITS BOARD OF DIRECTORS

September 2, 1997 8:31 AM EDT

ATLANTA--(BUSINESS WIRE)--Sept. 2, 1997--Transit Group, Inc.
(Nasdaq Small Cap:TRGP), formerly General Parcel Service, Inc.
(former Nasdaq symbol GPSX), today announced that it has
completed the acquisition of privately held Carroll Fulmer
Group, Inc., headquartered near Orlando in Groveland, Florida. 
Transit Group issued 4,166,000 shares of common stock in the
transaction, which is valued at approximately $28.1 million.

With a fleet of 200 company-owned and 600 owner/operated dry van
and refrigerated units that haul freight from coast to coast,
Carroll Fulmer's annual revenues total approximately $70
million.  Mr. Carroll Fulmer, Chairman of Carroll Fulmer Group,
as well as members of his immediate family who currently hold
management positions, will remain active in the strategic
operations of Carroll Fulmer Group.

In a related action, Transit Group also announced that it has
appointed Fulmer (age 63) to its Board, filling an existing
vacancy and increasing to four the number of directors on the
Board.  "With more than 40 years in the trucking industry,
Carroll Fulmer brings a wealth of experience and talent to our
Board," said Philip A. Belyew, Transit Group's President and
Chief Executive Officer.  "I believe his achievements at Carroll
Fulmer Group an his insight and knowledge of the trucking
industry will be particularly valuable as we consider and pursue
additional acquisition opportunities to expand our business."

Commenting on the acquisition, Belyew added, "Carroll Fulmer
Group represents an important milestone in our ongoing efforts
to build a strong presence in the truckload trucking industry. 
As the fourth acquisition we have completed since implementing a
new growth strategy earlier this year, the Carroll Fulmer
transaction pushes us over the $100 million mark in annual
revenues.  At that level, Transit Group is among the top 30
truckload carriers in the country.  In addition to adding
critical mass to our new strategic direction, Carroll Fulmer
Group's advanced systems and technologies also provide important
infrastructure support for our expansion plans."

Comments in this news release regarding the Company's business
which are not historical facts are forward looking statements
that involve risks and uncertainties.  Among these risks are
that the Company is in a highly competitive business, has
history of operating losses, and is pursuing a growth strategy
that relies in part on the completion of acquisitions of
companies in the trucking industry.  There can be no assurance
that in its highly competitive business environment, the Company
will successfully improve its operating profitability or
consummate such acquisitions.

Transit Group, headquartered in Atlanta, Georgia, is a holding
company formed to acquire and consolidate short- and long-haul
trucking companies, particularly truckload carriers based in the
southeastern United States.  Trucking companies that operate as
parts of Transit Group are located in Alabama, Florida, Kentucky
and North Carolina, and serve customers nationwide with a fleet
of 400 tractors, over 1,000 trailers and an additional 600
owner-operators.

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