Exhibit 99.1

                PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
         SAFE HARBOR COMPLIANCE STATEMENT FOR FORWARD-LOOKING STATEMENTS

         In passing the Private Securities Litigation Reform Act of 1995 (the
"PSLRA"), Congress encouraged public companies to make "forward-looking
statements" by creating a safe-harbor to protect companies from securities law
liability in connection with forward-looking statements. Celadon Group, Inc.
("Celadon") intends to qualify both its written and oral forward-looking
statements for protection under the PSLRA. Forward-looking statements typically
can be identified by the use of words such as "believe," "expect," "anticipate,"
"project," "forecast," "should," "estimate," "plan," "outlook," "goal" and
similar expressions.

         To qualify oral forward-looking statements for protection under the
PSLRA, a readily available written document must identify important factors that
could cause actual results to differ materially from those in the
forward-looking statements. Celadon provides the following information in
connection with its continuing effort to qualify forward-looking statements for
the safe harbor protection of the PSLRA.

         Important factors currently known to management that could cause actual
results or events to differ materially from those expressed in or implied by
forward-looking statements include, but are not limited to, the following:
excess tractor and trailer capacity in the trucking industry; decreased demand
for our services or loss of one or more of our major customers; surplus
inventories; recessionary economic cycles and downturns in customers' business
cycles; strikes, work slow downs, or work stoppages at our facilities, or at
customer, port, or other shipping related facilities; increases or rapid
fluctuations in fuel prices, as well as fluctuations in hedging activities and
surcharge collection, the volume and terms of diesel purchase commitments,
interest rates, fuel taxes, tolls, and license and registration fees;
fluctuations in foreign currency exchange rates; increases in the prices paid
for new revenue equipment; increases in interest rates or decreased availability
of capital or other sources of financing for our planned revenue equipment
upgrade; decreases in the resale value of our used equipment; increases in
compensation for and difficulty in attracting and retaining qualified drivers
and independent contractors; increases in insurance premiums and deductible
amounts; elevated experience in the frequency or severity of claims relating to
accident, cargo, workers' compensation, health, and other matters; seasonal
factors such as harsh weather conditions that increase operating costs;
competition from trucking, rail, and intermodal competitors; regulatory
requirements that increase costs or decrease efficiency, including recently
revised hours-of-service requirements for drivers; our ability to identify
acceptable acquisition candidates, consummate acquisitions, and integrate
acquired operations; the timing of, and any rules relating to, the opening of
the border to Mexican drivers; the effects of actual or threatened military
action or terrorist attacks or responses, including security measures that may
impede shipping efficiency, especially at border crossings; and our ability to
execute our strategic plan.

         Forward-looking statements express expectations of future results or
events. All forward-looking statements are inherently uncertain as they are
based on various expectations and assumptions concerning future events,
conditions and circumstances and they are subject to numerous known and unknown
risks and uncertainties which could cause actual events or results to differ
materially from those expressed or implied in forward looking statements. Due to
these inherent uncertainties, the investment community is urged not to place
undue reliance on forward-looking statements. In addition, Celadon undertakes no
obligation to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes in projections
over time.