Celadon Group Announces 24 Hour Case Study Competition Winner

  Celadon Group Announces 24 Hour Case Study Competition Winner

Business Wire

INDIANAPOLIS -- October 30, 2013

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

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

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

Contact:

Celadon Group Inc.
Jeryl Desjarlais, Communications Manager
800-CELADON Ext. 7070
317-972-7070 Direct
jdesjarlais@celadongroup.com