2011 KeyBanc Capital Markets Industrial, Automotive, and Transportation Conference June 2, 2011

1. 2011 KeyBanc Capital Markets Industrial, Automotive, and Transportation Conference June 2, 2011

2. Forward-Looking Statement Disclaimer Today’s presentation and discussion will contain forwarding-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking statements. These statements are based on Celadon Group’s current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements. For further information, please refer to Celadon Group’s prospectus and other filings with the Securities and Exchange Commission.

3. About Celadon Overview • Established: 1985 • NYSE Ticker: CGI • Shares Outstanding: 22.6M • Market Capitalization: $328M • Recent Price: $14.51 (5/23/11) • 52-week Range: $10.72 - $16.80 • Bank Debt: $0 ($50M available) Awards & Accomplishments • Wal-Mart – Diamond Carrier of the Year • Ryder – National Truckload Carrier of the Year • Phillips -Van Heusen – Truckload Carrier of the year • First Carrier certified C-TPAT and ACE for border crossings • ‘Highway 2 Health’ Wellness Program (American Heart Association award) • Voted ‘Best Fleets to Drive For’ and ‘Best Places to Work in Indiana’

4. Segment Information (TTM) Asset-Based: $507M • Truckload Operations • 3,000 tractors (including 250 Canada and 225 Mexico) • 8,400 trailers • Young Fleet • 2.0 years at 3/31/11 • Long Haul Focus • Intermodal Services • International Footprint • 35% Mexico / 11% Canada Asset-Light: $41M • Celadon Dedicated Services • Celadon Logistics Services • LTL US/Mexico • Brokerage • TruckersB2B • Over 20,000 fleet members • Annualized growth rate 25%

5. Rate Per Loaded Mile Each 1¢ has an approximate annual impact of $2.7 million in pre-tax profit or $.07 EPS

6. Fiscal Year Results

7. First 9-Months of FY Comparison

8. Financial Strength (millions)

9. State of the Truckload Industry Likely Severe Driver Shortage • CSA is adversely impacting the number of available drivers in the industry • ATA estimates CSA will result in a 5-7% reduction • CSA scores by fleet will allow shippers to review their carriers and assess their risks • Possible reduction of 1 hour in daily driving hours will reduce carrier capacity • EOBR requirement will hurt smaller fleets • Significant impact on long haul capacity

10. Exiting Truckload Capacity 6.7 Increased costs of new tractors Diminished financing options 2006 Est. Cost: $95k 2010 Est. Cost: $120k • Celadon Statistics • 2006 Avg Tractor Age: 2.1 years • 2011 Avg Tractor Age: 2.0 years • 2006 Avg Seated Tractors: 2,162 • 2011 AvgSeated Tractors: 2,653 Source: Ward’s and A.C.T. Research

11. CSA Statistics Of the 25 largest truckload carriers,Celadon and 10 others have no alerts

12. Proposed Changes to HOS • ATA believes the proposal will reduce productivity and capacity • Celadon is fully equipped with EOBRs and is in the implementation phase

13. Celadon in Mexico Jaguar • Mexican subsidiary • Acquired in 1995 • 225 tractors • 7 offices throughout Mexico • 2010 Wal-Mart Dry Van Carrier of the Year NAFTA Update As of April 13, 2011, the DOT unveiled a three-year pilot program to end the ban on Mexican trucks crossing the border Opportunities • Improve service to customers by simplifying border crossings • Reduce driver pay • Increase opportunity for handling more domestic freight

14. Summary • International footprint and long haul focus • Young tractor fleet • Strong driver culture • Diverse customer base • A leader in technology • Growing non-asset based businesses • Well positioned to capitalize on industry supply / demand relationship