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**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**FORM        10-K/A**

**(Amendment        No. 1)**

| [                  X                  ] | **ANNUAL                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934** |
|-----------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                    | For                  the fiscal year ended June 30, 2005                                                                                    |

| [                     ] | **TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934** |
|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
|                                   | For                  the transition period from _________________ to                  ______________                                            |

**CELADON        GROUP, INC.**

| **Delaware**                                              | **13-3361050**                          |
|-----------------------------------------------------------|-----------------------------------------|
| (State                  or other jurisdiction of          | (I.R.S.                  Employer       |
| Incorporation                  or organization)           | Identification                  Number) |
|                                                      |                                    |
| **9503                  East 33****rd****Street**         |                                    |
| **Indianapolis,                  IN**                     | **46235**                               |
| (Address                  of principal executive offices) | (Zip                  Code)             |

**(317)        972-7000**

**None**

**Common        Stock ($0.033 par value)**

**Series        A Junior Participating Preferred Stock Purchase Rights**

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**Explanatory        Note**

**Documents        and Location**

| Item                  10 | Directors                  and Executive Officers of the Registrant             | Page                  3  |
|--------------------------|---------------------------------------------------------------------------------|--------------------------|
| Item                  11 | Executive                  Compensation                                         | Page                  7  |
| Item                  12 | Security                  Ownership of Certain Beneficial Owners and Management | Page                  14 |
| Item                  13 | Certain                  Relationships and Related Party Transactions           | Page                  15 |
| Item                  14 | Principal                  Accounting Fees and Services                         | Page                  15 |

| Item                  15 | Exhibits                  and Financial Statement Schedules | Page                  17 |
|--------------------------|-------------------------------------------------------------|--------------------------|
|                     | (b) Exhibits                                           |                     |

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**PART        III**

**Item        10.**
**Directors        and Executive Officers of the Registrant **

**Information        Concerning Directors and Executive Officers**

| Name                                     | Age    | Position                                                                                                               | Director                  Since |
|------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------|---------------------------------|
|                                     |   |                                                                                                                   |                            |
| Stephen                  Russell         | 65     | Chairman                  of the Board and Chief Executive Officer                                                     | 1986                            |
| Thomas                  Glaser           | 55     | President                  and Chief Operating Officer                                                                 | N/A                             |
| Paul                  Will               | 39     | Executive                  Vice President, Chief Financial                  Officer, Treasurer and Assistant Secretary | N/A                             |
| Kenneth                  Core            | 55     | Vice                  President and Secretary                                                                          | N/A                             |
| Sergio                  Hernandez        | 47     | Vice                  President - Mexico                                                                               | N/A                             |
| Paul                  Biddelman(1)(2)(3) | 59     | Director                  of the Company                                                                               | 1992                            |
| Michael                  Miller(2)(3)    | 60     | Director                  of the Company                                                                               | 1992                            |
| Anthony                  Heyworth(2)     | 61     | Director                  of the Company                                                                               | 1999                            |

| (1) | Lead                  Outside Director                 |
|-----|--------------------------------------------------------|
| (2) | Members                  of the Audit Committee        |
| (3) | Members                  of the Compensation Committee |

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**The        Board of Directors**

*Meetings*
*.*

*Director          Independence*
*.*

**Committees        of the Board and Director Nominations**

*Audit          and Corporate Governance Committee*
*.*

| o      | is                  independent under NASD Rule 4200(a)(15);                                                                                                                                                                  |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                          |
| o      | meets                  the criteria for independence set forth in Rule 10A-3(b)(1) under                  the                  Securities Exchange Act of 1934, as amended (the “Exchange                  Act”); |
|   |                                                                                                                                                                                                                          |
| o      | has                  not participated in the preparation of our financial statements                  or any                  current subsidiary at any time during the past three years;                  and                |
|   |                                                                                                                                                                                                                          |
| o      | is                  able to read and understand fundamental financial statements, including                  our balance sheet, statement of operations and statement of cash                  flows.                         |

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**Audit        Committee Report for 2005**

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**Code        of Conduct and Ethics**

**Section        16(a) Beneficial Ownership Reporting Compliance**

**Item        11.**
**Executive        Compensation**

**Summary        Compensation Table**

|                                                                                                                                            |             | Annual                  Compensation | Long                  Term CompensationAwards |                                                         |                                                                    |                          |
|-------------------------------------------------------------------------------------------------------------------------------------------------|------------------|--------------------------------------|-----------------------------------------------|--------------------------------------------------------------|-------------------------------------------------------------------------|-------------------------------|
|   Name                  and Principal Position                                                                                        |   Year |  Salary                         | Bonus                                         | Restricted                  Stock                  Awards(1) | SecuritiesUnderlyingOptions                  /                  SARs(2) | LTIP                  Payouts | All                  OtherCompensation |   |
|                                                                                                                                            |             |                                 |                                          |                                                         |                                                                    |                          |   |   |
| Stephen                  RussellChairman                  and Chief Executive Officer                                                           | 2005             | $597,770                             | $613,371                                      | ---                                                          | 35,000                                                                  | ---                           | $                  40,797 | (3) |
| 2004                                                                                                                                            | $568,264         | $270,000                             | $305,000                                      | ---                                                          | ---                                                                     | $                  39,012     | (3) |
| 2003                                                                                                                                            | $556,172         | $75,000                              | ---                                           | ---                                                          | ---                                                                     | $106,749                      | (3) |
|                                                                                                                                            |             |                                 |                                          |                                                         |                                                                    |                          |   |   |
| Thomas                  GlaserExecutive                  Vice President and Chief Operating Officer                                             | 2005             | $195,726                             | $259,872                                      | ---                                                          | 30,000                                                                  | ---                           | $11,987 | (4) |
| 2004                                                                                                                                            | $185,000         | $97,500                              | $217,160                                      | ---                                                          | ---                                                                     | $12,322                       | (4) |
| 2003                                                                                                                                            | $175,844         | $50,000                              | ---                                           | ---                                                          | ---                                                                     | $20,911                       | (4) |
|                                                                                                                                            |             |                                 |                                          |                                                         |                                                                    |                          |   |   |
| Paul                  WillExecutive                  Vice President, Chief Financial Officer, Assistant Secretary                  andTreasurer | 2005             | $195,070                             | $259,872                                      | ---                                                          | 25,000                                                                  | ---                           | $19,819  | (5) |
| 2004                                                                                                                                            | $185,000         | $97,500                              | $183,000                                      | ---                                                          | ---                                                                     | $19,684                       | (5) |
| 2003                                                                                                                                            | $176,923         | $50,000                              | ---                                           | ---                                                          | ---                                                                     | $24,787                       | (5) |
|                                                                                                                                            |             |                                 |                                          |                                                         |                                                                    |                          |   |
|                                                                                                                                            |             |                                 |                                          |                                                         |                                                                    |                          |   |   |
| Kenneth                  CoreVice                  President and Secretary                                                                      | 2005             | $129,934                             | $86,760                                       | ---                                                          | 6,000                                                                   | ---                           | $2,518 | (6) |
| 2004                                                                                                                                            | $120,196         | $20,000                              | ---                                           | 10,000                                                       | ---                                                                     | $2,613                        | (6) |
| 2003                                                                                                                                            | $116,872         | ---                                  | ---                                           | 5,000                                                        | ---                                                                     | $1,311                        | (6) |
|                                                                                                                                            |             |                                 |                                          |                                                         |                                                                    |                          |   |   |
| Sergio                  HernandezVice                  President - Mexico                                                                       | 2005             | $140,514                             | $93,403                                       | ---                                                          | 5,000                                                                   | ---                           | $1,943 | (7) |
| 2004                                                                                                                                            | $132,300         | $23,446                              | ---                                           | 10,000                                                       | ---                                                                     | $2,549                        | (7) |
| 2003                                                                                                                                            | $125,536         | $7,471                               | ---                                           | ---                                                          | ---                                                                     | $2,126                        | (7) |

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| (1) | On                  October 30, 2003, the Board of Directors approved and issued Restricted                  Stock Grants (“RSGs”) to the following Named Executive Officers in the                  following amounts: Stephen Russell - 25,000 shares; Thomas Glaser                  -** **17,800                  shares; and Paul Will - 15,000 shares. The RSGs vest over four                  years, 25%                  per year, and are contingent upon our meeting certain financial                  targets                  annually. The dollar values of the RSGs set forth in the table                  above are                  calculated based upon the last sale price of $12.20 reported on                  the Nasdaq                  National Market on October 30, 2003. The RSGs reflected in the                  table above                  represent the only restricted stock holdings of our Named Executive                  Officers. At June 30, 2005, the dollar values of the RSGs held                  by our                  Named Executive Officers, based upon the last sale price of $16.90                  on the                  Nasdaq National Market on that date, were as follows: Mr. Russell                  -                  $422,500; Mr. Glaser - $300,820; and Mr. Will -                  $253,500.                                                                                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | All                  SARs are payable in cash only.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (3) | Includes                  the premiums paid by us for term insurance and split-dollar insurance                  for                  which we had an assignment against the cash value for premiums                  paid, as                  follows: $19,420 in fiscal 2005, $19,420 in fiscal 2004 and $89,145                  in                  fiscal 2003. In response to the Sarbanes-Oxley Act, the split-dollar                  policy was turned over to Mr. Russell as a personal policy in fiscal                  2004.                  We paid no premiums on these policies in fiscal 2004. We are obligated                  to                  Mr. Russell for future premium payments not covered by the asset                  value of                  said policies. Also includes: (i) our contributions under our 401(k)                  Profit Sharing Plan of $4,522 in fiscal 2005, $1,462 in fiscal                  2004 and                  $1,109 in fiscal 2003; (ii) our contributions under our Excess                  Benefit                  Plan of $752 in fiscal 2005, $1,500 in fiscal 2004 and $1,500 in                  fiscal                  2003; (iii) premiums and reimbursements under an executive health                  and                  disability benefit program (including split dollar life insurance                  premiums) of $2,369 in fiscal 2005, $1,590 in fiscal 2004 and $1,870                  in                  fiscal 2003; and (iv) a company car allowance of $13,734 in fiscal                  2005,                  $15,040 in fiscal 2004 and $13,125 in fiscal 2003. |
| (4) | Includes:                  (i) our contributions under our 401(k) Profit Sharing Plan of $1,500                  in                  fiscal 2005, $926 in fiscal 2004 and $1,097 in fiscal 2003; (ii)                  our                  contributions under our Excess Benefit Plan of $1,062 in fiscal                  2005,                  $1,389 in fiscal 2004 and $1,587 in fiscal 2003; (iii) premiums                  and                  reimbursements under an executive health and disability benefit                  program                  (including split dollar life insurance premiums) of $2,224 in fiscal                  2005,                  $2,157 in fiscal 2004 and $1,432 in fiscal 2003; (iv) a company                  car                  allowance $7,201 in fiscal 2005, $7,850 in fiscal 2004 and $16,875                  in                  fiscal 2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (5) | Includes:                  (i) our contributions under our 401(k) Profit Sharing Plan of $1,533                  in                  fiscal 2005, $938 in fiscal 2004 and $1,069 in fiscal 2003; (ii)                  our                  contributions under our Excess Benefit Plan of $1,043 in fiscal                  2005,                  $1,407 in fiscal 2004 and $1,595 in fiscal 2003; (iii) premiums                  and                  reimbursements under an executive health and disability benefit                  program                  (including split dollar life insurance premiums) of $6,479 in fiscal                  2005,                  $5,967 in fiscal 2004 and $6,748 in fiscal 2003; and (iv) a company                  car                  allowance of $10,764 in fiscal 2005, $11,372 in fiscal 2004 and                  $15,375 in                  fiscal 2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (6) | Includes:                  (i) our contributions under our 401(k) Profit Sharing Plan of $900                  in                  fiscal 2005, $464 in fiscal 2004 and $524 in fiscal 2003; (ii)                  our                  contributions under our Excess Benefit Plan of $798 in fiscal 2005,                  $909                  in fiscal 2004 and $787 in fiscal 2003; (iii) premiums and reimbursements                  under an executive health and disability benefit program (including                  split                  dollar life insurance premiums) of $820 in fiscal 2005 and $410                  in fiscal                  2004; and (iv) a company car allowance of $830 in fiscal                  2004.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| (7) | Includes                  our contributions under Mexico savings plan of $1,943 in fiscal                  2005,                  $2,549 in fiscal 2004 and $2,126 in fiscal                  2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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**Option/SARs        Grants in Last Fiscal Year**

| Individual                    Grants | Potential                    realizable valueat                    assumed annual ratesof                    stock priceappreciation                    for SARs term    5%                    ($)                                          10% ($) |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|     Name         | Number                    ofSecuritiesUnderlyingOptions/SARsgranted(*)                    (1)                                                                                                                                                                                                                                                                                         | Percent                    of totaloptions/SARsgranted                    toemployees                    infiscal                    year |   Exercise                    orBase                    price($/Sh)                    (2) |    ExpirationDate |
| Stephen                    Russell   | 35,000                                                                                                                                                                                                                                                                                                                                        | 17.0%          | $19.45 | 10/28/08 | 146,706            | 315,936             |
| Thomas                    Glaser     | 30,000                                                                                                                                                                                                                                                                                                                                        | 14.5%          | $19.45 | 10/28/08 | 125,748            | 270,802            |
| Paul                    Will         | 25,000                                                                                                                                                                                                                                                                                                                                             | 12.1%          | $19.45 | 10/28/08 | 104,790            | 225,669            |
| Kenneth                    Core      | 6,000                                                                                                                                                                                                                                                                                                                                         | 2.9%          | $19.45 | 10/28/08 | 25,150           | 54,160            |
| Sergio                    Hernandez  | 5,000                                                                                                                                                                                                                                                                                                                                         | 2.4%         | $19.45 | 10/28/08 | 20,958           | 45,134            |

| (1) | The                  SARs will become vested with respect to one fourth thereby on each                  October                  28, 2005, 2006, 2007 and 2008, and will become immediately exercisable                  in                  the event of a change of control involving us. All SARs are payable                  in                  cash only.                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The                  distribution date shall be the earlier of the fourth anniversary                  of the                  grant date or the date of the holder’s employment is terminated; provided,                  upon compliance with certain notice or election provision, the                  holder can                  extend the distribution date, thereby extending the expiration                  date, up to                  the tenth anniversary of the grant date. |

**Aggregated        Option/SARs Exercises in Last Fiscal Year and FY-End Option/SARs        Values**

|     Name      |   SharesAcquired                  onExercise                  (#) |    ValueRealized                  ($) | Number                  of securitiesUnderlying                  unexercisedoptions/SARs                  at fiscalyear-end                  (1)                  (#) | Value                  of unexercisedin-the-moneyoptions/SARs                  at fiscalyear-end                  (2)                  ($) |
|-----------------------------------|-----------------------------------------------------------------------------|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|
| Exercisable                       | Unexercisable                                                               | Exercisable                                          | Unexercisable                                                                                                                                                         |
| Stephen                  Russell  | 32,500                              | 351,913           | 190,000                                                                                                                                                               | 35,000                                                                                                                                     |  2,029,050 |                       0 |
| Thomas                  M. Glaser | 12,200                              | 213,364           |  45,000                                                                                                                                                          | 30,000                                                                                                                                     |                      510,450 |                       0 |
| Paul                  Will        | 47,500                              | 864,750           |  78,950                                                                                                                                                          | 25,000                                                                                                                                     |                      843,150 |                       0 |
| Kenneth                  Core     | 0                                   | 0                 |                     6,000                                                                                                                                   |                    6,000                                                                                                              |                        58,210 |                       0 |
| Sergio                  Hernandez | 7,500                               | 70,225            |                     9,000                                                                                                                                   |                    5,000                                                                                                              |                      111,778 |                       0 |

| (1) | All                  SARs are payable in cash only.                                                       |
|-----|-----------------------------------------------------------------------------------------------------------|
| (2) | Based                  on the $16.90 closing price of our Common Stock on June 30,                  2005. |

**Director        Compensation**

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**Compensation        Committee Interlocks and Insider Participation**

**Compensation        and Nominating Committee Report on Executive Compensation**

**Role        of the Compensation and Nominating Committee**

**Principles        of Executive Compensation and Program Components**

*Salary        Determinations*

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*Bonus        Program*

*Stock-Based        Compensation*

**Chief        Executive Officer's Compensation**

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**Separation        Agreements**

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**Stock        Price Performance **

| **Company/Index/Peer                  Group**         |   | **6/30/00** |   | **6/30/01** |   | **6/30/02** |   | **6/30/03** |   | **6/30/04** |   | **6/30/05** |   |
|-------------------------------------------------------|--------|-------------|--------|-------------|--------|-------------|--------|-------------|--------|-------------|--------|-------------|--------|
| Celadon                  Group, Inc.                  |   | $           | 100.00 |        | $      | 38.22       |   | $           | 113.42 |        | $      | 80.52       |   | $ | 156.44 |   | $ | 150.22 |   |
| NASDAQ                  Stock Market (U.S.)           |   | $           | 100.00 |        | $      | 55.52       |   | $           | 37.16  |        | $      | 31.63       |   | $ | 43.07 |   | $ | 43.56 |   |
| NASDAQ                  Trucking & Transportation |   | $           | 100.00 |        | $      | 100.17      |   | $           | 114.90 |        | $      | 118.26      |   | $ | 177.65 |   | $ | 218.35 |   |

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**Item        12.** **Security        Ownership of Principal Stockholders and Management**

|                                                                                              |   | **Beneficial                  Ownership of Common****Stock                  as of October 27, 2005** |    |
|---------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------|---------|
| **Name                  and address of Beneficial Owner****(1)**                                  |   | **Shares**                                                                                           |    |  |   | **%**  |   |
| Stephen                  Russell                                                                  |   |                                                                                                 | 637,822 |   |   | (2 | ) |   | 6.21 | % |
| Thomas                  Glaser                                                                    |   |                                                                                                 | 83,800  |   |   | (2 | ) |   | * |   |
| Paul                  Will                                                                        |   |                                                                                                 | 121,950 |   |   | (2 | ) |   | 1.2 | % |
| Kenneth                  Core                                                                |   |                                                                                                 | 10,000  |   |   | (2 | ) |   | * |   |
| Sergio                  Hernandez                                                                 |   |                                                                                                 | 15,000  |   |   | (2 | ) |   | * |   |
| Paul                  Biddelman                                               |   |                                                                                                 | 30,000  |   |   | (2 | ) |   | * |   |
| Michael                  Miller                                                                   |   |                                                                                                 | 41,500  |   |   | (2 | ) |   | * |   |
| Anthony                  Heyworth                                                                 |   |                                                                                                 | 40,000  |   |   | (2 | ) |   | * |   |
| All                  executive officers and directors as a group (eight                  persons) |   |                                                                                                 | 980,072 |   |   |   |   |   | 8.9 | % |

| (1) | The                  business address of Mr. Russell and the other directors and Named                  Executive Officers is 9503 East 33rd                  Street, One Celadon Drive, Indianapolis, IN 46235.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes                  shares of Common Stock which certain of the Company’s directors and                  executive officers had the right to acquire through the exercise                  of                  options currently or within 60 days of October 27, 2005, as follows:                  Stephen Russell - 190,000 shares; Thomas Glaser - 45,000 shares;                  Paul Will                  - 78,750 shares; Kenneth Core - 6,000; Sergio Hernandez - 9,000                  shares; Paul Biddelman - 30,000 shares; Michael Miller - 30,000                  shares;                  and Anthony Heyworth - 38,000                  shares. |

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**Equity        Compensation Plan Information**

| Plan                  Category                                              |  Number                  of securitiesissued                  upon exerciseof                  outstanding optionswarrants                  and rights(a)  |  Weighted-averageexercise                  price ofoutstanding                  options,warrants                  and rights(b)  | Number                  of securitiesremaining                  availablefor                  future issuanceunder                  equitycompensation                  plans(excluding                  securitiesreflected                  in column (a))(c)  |
|-----------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Equity                  compensation plans approved by security holders     |  700,072                                                                                                                                                        |  $6.47                                                                                                                                |  107,319                                                                                                                                                                                                                                                         |
| Equity                  compensation plans not approved by security holders |  Not                  applicable                                                                                                                                |  Not                  applicable                                                                                                      |  Not                  applicable                                                                                                                                                                                                                                 |

**Item        13. **
**Certain        Relationships and Related Transactions.**

**Item        14. **
**Principal        Accounting Fees and Services**

|                                | Fiscal                  2005 |      | Fiscal                  2004 |      |
|-------------------------------------|------------------------------|-----------|------------------------------|-----------|
| Audit                  Fees         | $345,992                     |  (1) | $303,940                     |  (2) |
| Audit-Related                  Fees | $0                           |      | $0                           |      |
| Tax                  Fees           | $0                           |      | $97,923                      |  (3) |
| All                  Other Fees     | $0                           |      | $0                           |      |
| Total                               | $345,992                     |      | $401,863                     |      |

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| (1) | Represents                  the aggregate fees billed for professional services rendered by                  KPMG for                  the audit of the Company’s annual financial statements and audit of                  internal controls and review of financial statements included in                  the                  Company’s quarterly reports on Form 10-Q, and services that are normally                  provided by an independent registered public accounting firm in                  connection                  with statutory or regulatory filings or engagements for that fiscal                  year.                  For fiscal 2005, audit fees were comprised of $135,000 in fees                  for the                  audit of the Company’s annual financial statements and review of financial                  statements included in the Company’s quarterly reports on Form 10-Q and                  $210,992 in fees for the audit of the Company’s assessment of internal                  controls over financial reporting. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents                  the aggregate fees billed for professional services rendered by                  E&Y                  for the audit of the Company’s annual financial statements and review of                  financial statements included in the Company’s quarterly reports on Form                  10-Q, or services that are normally provided by E&Y in connection with                  statutory or regulatory filings or engagements for that fiscal                  year. For                  fiscal 2004, Audit Fees were comprised of $185,000 in fees for                  the audit                  of the Company’s annual financial statements and review of financial                  statements included in the Company’s quarterly reports on Form 10-Q,                  $92,740 in fees for Form S-3 regulatory filings, $21,700 in fees                  for the                  Company’s Sarbanes-Oxley review and $4,500 in fees for technical advice                  on                  FAS144.                   |
| (3) | Represents                  fees billed for professional services rendered by E&Y for tax                  compliance, tax advice and tax planning. For fiscal 2004 tax fees                  were                  comprised of preparation of tax returns, provisions, quarterly                  estimates                  and other compliance services.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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**Item        15. **
**Exhibits        and Financial Statement Schedules**

| **(b)** | **Exhibits                  (Numbered in accordance with Item 601 of Regulation                  S-K).**                                                                                                                                                                                                                                                                                                                                             |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 3.1     | Certificate                  of Incorporation of the Company. (Incorporated by reference to                  Exhibit 3.1                  to the Company’s Registration Statement on Form S-1, Registration No.                  33-72128, filed with the SEC on November 24, 1993.)                                                                                                                                                           |
| 3.2     | Certificate                  of Amendment of Certificate of Incorporation dated February 2,                  1995                  decreasing aggregate number of authorized shares to 12,179,985.                  (Incorporated by reference to Exhibit 3.2 to the Company’s Annual Report                  on Form 10-K for the fiscal year ended June 30, 1995, filed with                  the SEC                  on December 1, 1995.) |
| 3.3     | Certificate                  of Designation for Series A Junior Participating Preferred Stock.                  (Incorporated by reference to Exhibit 3.3 to the Company’s Annual Report                  on Form 10-K for the fiscal year ended June 30, 2000, filed with                  the SEC                  on September 28, 2000.)                                                                                                   |
| 3.4     | By-laws.                  (Incorporated by reference to Exhibit 3.2 to the Company’s Registration                  Statement on Form S-1, Registration No. 33-72128, filed with the                  SEC on                  November 24, 1993.)                                                                                                                                                                                               |
| 4.1     | Certificate                  of Incorporation. (Incorporated by reference to Exhibit 3.1 to                  the                  Company’s Registration Statement on Form S-1, Registration No. 33-72128,                  filed with the SEC on November 24, 1993.)                                                                                                                                                                          |
| 4.2     | Certificate                  of Amendment of Certificate of Incorporation dated February 2,                  1995                  decreasing aggregate number of authorized shares to 12,179,985.                  (Incorporated by reference to Exhibit 3.2 to the Company’s Annual Report                  on Form 10-K for the fiscal year ended June 30, 1995, filed with                  the SEC                  on December 1, 1995.) |
| 4.3     | Certificate                  of Designation for Series A Junior Participating Preferred Stock.                  (Incorporated by reference to Exhibit 3.3 to the Company’s Annual Report                  on Form 10-K for the fiscal year ended June 30, 2000, filed with                  the SEC                  on September 28, 2000.)                                                                                                   |
| 4.4     | Rights                  Agreement, dated as of July 20, 2000, between Celadon Group, Inc.                  and                  Fleet National Bank, as Rights Agent. (Incorporated by reference                  to                  Exhibit 4.1 to the Company’s Registration Statement on Form 8-A,                  filed with the SEC on July 20, 2000.)                                                                             |
| 4.5     | By-laws.                  (Incorporated by reference to Exhibit 3.2 to the Company’s Registration                  Statement on Form S-1, Registration No. 33-72128, filed with the                  SEC on                  November 24, 1993.)                                                                                                                                                                                               |
| 10.1    | Celadon                  Group, Inc. 1994 Stock Option Plan. (Incorporated by reference                  to Exhibit                  B to the Company’s Proxy Statement on Schedule 14A, filed with the SEC                  October 17, 1997.) *                                                                                                                                                                                              |
| 10.2    | Employment                  Contract dated January 21, 1994 between the Company and Stephen                  Russell.                  (Incorporated by reference to Exhibit 10.43 to the Company’s Registration                  Statement on Form S-1, Registration No. 33-72128, filed with the                  SEC on                  November 24, 1993.) *                                                                              |
| 10.3    | Amendment                  dated February 12, 1997 to Employment Contract dated January 21,                  1994                  between the Company and Stephen Russell. (Incorporated by reference                  to                  Exhibit 10.50 to the Company’s Annual Report on Form 10-K filed with the                  SEC on September 12, 1997.)                                                                              |
| 10.4    | Celadon                  Group, Inc. Non-Employee Director Stock Option Plan. (Incorporated                  by                  reference to Exhibit A to the Company’s Proxy Statement on Schedule 14A,                  filed with the SEC on October 14, 1997.) *                                                                                                                                                                          |
| 10.5    | Amendment                  No. 2 dated August 1, 1997 to Employment Contract dated January                  21, 1994                  between the Company and Stephen Russell. (Incorporated by reference                  to                  Exhibit 10.54 to the Company’s Quarterly Report on Form 10-Q filed with                  the SEC on February 11, 1998.)                  *                                                      |

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| 10.6  | Rights                  Agreement, dated as of July 20, 2000, between Celadon Group, Inc.                  and                  Fleet National Bank, as Rights Agent. (Incorporated by reference                  to                  Exhibit 4.1 to the Company’s Registration Statement on Form 8-A, filed                  with the SEC on July 20, 2000.)                                                                                                                          |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.7  | Amendment                  No. 3 dated July 26, 2000 to Employment Contract dated January                  21, 1994                  between the Company and Stephen Russell. (Incorporated by reference                  to                  Exhibit 10.19 to the Company’s Annual Report on Form 10-K filed with the                  SEC on September 30, 2002.) *                                                                                                                  |
| 10.8  | Amendment                  No. 4 dated April 4, 2002 to Employment Contract dated January                  21, 1994                  between the Company and Stephen Russell. (Incorporated by reference                  to                  Exhibit 10.20 to the Company’s Annual Report on Form 10-K filed with the                  SEC on September 30, 2002.) *                                                                                                                  |
| 10.9  | Separation                  Agreement dated March 3, 2000 between the Company and Paul Will.                  (Incorporated by reference to Exhibit 10.21 to the Company’s Annual Report                  on Form 10-K filed with the SEC on September 30, 2002.)                  *                                                                                                                                                                                                   |
| 10.10 | Amendment                  dated September 30, 2001 to Separation Agreement between the Company                  and                  Paul Will dated March 3, 2000. (Incorporated by reference to Exhibit                  10.22                  to the Company’s Annual Report on Form 10-K filed with the SEC on                  September 30, 2002.) *                                                                                                                           |
| 10.11 | Separation                  Agreement dated March 2, 2000 between the Company and David Shatto.                  (Incorporated by reference to Exhibit 10.23 to the Company’s Annual Report                  on Form 10-K filed with the SEC on September 30, 2002.)                  *                                                                                                                                                                                                |
| 10.12 | Amendment                  dated September 30, 2001 to Separation Agreement between the Company                  and                  David Shatto dated March 2, 2000. (Incorporated by reference to                  Exhibit                  10.24 to the Company’s Annual Report on Form 10-K filed with the SEC on                  September 30, 2002.) *                                                                                                                        |
| 10.13 | Loan                  and Security Agreement dated September 26, 2002 among the Company,                  certain                  of its subsidiaries, Fleet Capital Corporation, Fleet Capital Canada                  Corporation and certain other lenders. (Incorporated by reference                  to                  Exhibit 10.25 to the Company’s Annual Report on Form 10-K filed with the                  SEC on September 30, 2002.)                                  |
| 10.14 | Waiver                  and First Amendment to Loan and Security Agreement dated January                  31, 2003                  among the Company, certain of its subsidiaries, Fleet Capital Corporation,                  Fleet Capital Canada Corporation and certain other lenders. (Incorporated                  by reference to Exhibit 10.16 to the Company’s Annual Report on Form 10-K                  filed with the SEC on September 19, 2003.)                       |
| 10.15 | Waiver                  and Second Amendment to Loan and Security Agreement dated April                  24, 2003                  among the Company, certain of its subsidiaries, Fleet Capital Corporation,                  Fleet Capital Canada Corporation and certain other lenders. (Incorporated                  by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K                  filed with the SEC on September 19, 2003.)                        |
| 10.16 | Third                  Amendment to Loan and Security Agreement dated August 21, 2003                  among the                  Company, certain of its subsidiaries, Fleet Capital Corporation,                  Fleet                  Capital Canada Corporation and certain other lenders. (Incorporated                  by                  reference to Exhibit 10.18 to the Company’s Annual Report on Form 10-K                  filed with the SEC on September 19, 2003.) |
| 10.17 | Amendment                  No. 5 dated November 20, 2002 to Employment Contract dated January                  21,                  1994 between the Company and Stephen Russell. (Incorporated by                  reference                  to Exhibit 10.19 to the Company’s Annual Report on Form 10-K filed with                  the SEC on September 19, 2003.) *                                                                                                              |
| 10.18 | Letter                  of Understanding and Mutual Agreement dated July 9, 2001 between                  the                  Company and Sergio Hernandez Aranda. (Incorporated by reference                  to Exhibit                  10.18 to the Company’s Annual Report on Form 10-K/A filed with the SEC on                  May 18, 2004.) *                                                                                                                                |
| 10.19 | Fourth                  Amendment to Loan and Security Agreement dated January 16, 2004                  among the                  Company, certain of its subsidiaries, Fleet Capital Corporation,                  Fleet                  Capital Canada Corporation and certain other lenders. (Incorporated                  by                  reference to Exhibit 10.21 to the Company’s 10-Q filed with the SEC on                  April 29, 2004.)                         |

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| 10.20  | Fifth                  Amendment to Loan and Security Agreement dated May 20, 2004 among                  the                  Company, certain of its subsidiaries, Fleet Capital Corporation,                  Fleet                  Capital Canada Corporation and certain other lenders. (Incorporated                  by                  reference to Exhibit 10.20 to the Company’s Annual Report on Form 10-K                  filed with the SEC on September 13, 2004.) |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.21  | Sixth                  Amendment to Credit Agreement, dated September 21, 2004, among                  the                  Company, certain of its subsidiaries, Fleet Capital Corporation,                  Fleet                  Capital Canada Corporation, and certain other lenders. (Incorporated                  by                  reference to Exhibit 10.21 to the Company’s Quarterly Report on Form 10-Q                  filed with the SEC on November 8, 2004.)       |
| 10.22  | Asset                  Purchase Agreement dated January 14, 2005, by and among PFT Roberson,                  Inc., CX Roberson, Inc., and Celadon Trucking Services, Inc. (Incorporated                  by reference to Exhibit 2.1 to the Company’s report on Form 8-K filed                  January 21, 2005.)                                                                                                                                                                      |
| 10.23# | Stock                  Appreciation Rights Plan effective April 4, 2002.                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 14     | Celadon                  Group, Inc. Code of Business Conduct and Ethics adopted by the                  Company on                  April 30, 2003. (Incorporated by reference to Exhibit 10.20 to                  the                  Company’s Annual Report on Form 10-K filed with the SEC on September 19,                  2003.)                                                                                                                                               |
| 21     | Subsidiaries.                  (Incorporated by reference to Exhibit 21 to the Company’s Annual Report on                  Form 10-K filed with the SEC on August 26, 2005.)                                                                                                                                                                                                                                                                                                             |
| 23.1   | Consent                  of Registered Independent Accounting Firm - KPMG, LLP. (Incorporated                  by                  reference to the Company’s Annual Report on Form 10-K filed with the SEC                  on August 26, 2005.)                                                                                                                                                                                                                                   |
| 23.2   | Consent                  of Registered Independent Accounting Firm - Ernst & Young, LLP.                  (Incorporated by reference to the Company’s Annual Report on Form 10-K                  filed with the SEC on August 26, 2005.)                                                                                                                                                                                                                                            |
| 31.1#  | Certification                  pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant                  to                  Section 302 of the Sarbanes-Oxley Act of 2002, by Stephen Russell,                  the                  Company’s Chief Executive Officer.                                                                                                                                                                                                       |
| 31.2#  | Certification                  pursuant to Item 601(b)(31) of Regulation S-K, as adopted pursuant                  to                  Section 302 of the Sarbanes-Oxley Act of 2002, by Paul Will, the                  Company’s                  Chief Financial Officer.                                                                                                                                                                                                             |
| 32.1#  | Certification                  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002, by Stephen Russell, the Company’s Chief                  Executive Officer.                                                                                                                                                                                                                                   |
| 32.2#  | Certification                  pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002, by Paul Will, the Company’s Chief                  Financial Officer.                                                                                                                                                                                                                                         |

| * | Management                  contract or compensatory plan or arrangement. |
|---|---------------------------------------------------------------------------|
| # | Filed                  herewith.                                          |

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