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Exhibit 10.20

                                 STEPHEN RUSSELL
                              EMPLOYMENT AGREEMENT
                                 AMENDMENT NO. 4

         Amendment No. 4, dated as of April 4, 2002, to the Employment
Agreement, dated as of January 21, 1994, between Celadon Group, Inc., a Delaware
corporation (the "Company"), and Stephen Russell ("Employee"), as amended by the
amendments, dated as of February 12, 1997, August 1, 1997, and July 26, 2000
(the "Employment Agreement").

         The parties desire to amend the Employment Agreement as set forth
below. Accordingly, the parties agree as follows:

     1. Amendment to Section 9(a). Section 9(a) of the Employment Agreement is
hereby amended so that the reference to "two years" in the third sentence
thereof is changed to "three years."

     2. Amendment to Section 9(c). Section 9(c) of the Employment Agreement is
hereby amended in its entirety to be and read as follows:

               (c) Without Cause. In the event of the termination by the Company
        of Employee's employment hereunder (otherwise than pursuant to Section
        9(a) or Section 9(b) or otherwise than in connection with a Change in
        Control as contemplated by Section 9(d)), the Company shall be obligated
        to (i) pay or provide to Employee his normal salary, bonuses, awards,
        perquisites and benefits through the date of termination of Employee's
        employment hereunder, (ii) pay to Employee in a single lump sum payment
        within thirty (30) days after the date of termination of Employee's
        employment hereunder an amount equal to three times Employee's annual
        salary at the rate in effect on the date of termination pursuant to
        Section 3(a), (iii) pay to Employee any bonus declared by the Company
        prior to the date of termination of Employee's employment hereunder that
        remains unpaid within thirty (30) days after the date of termination of
        Employee's employment hereunder; and (iv) with respect to the year in
        which the termination of Employee's employment hereunder shall occur,
        pay to Employee, when bonuses are paid to other senior executives of the
        Company, a prorata bonus (the percentage equal to the number of days
        worked in the applicable year prior to the termination, divided by 365
        and then multiplied by 100) based upon the bonus plan or arrangement
        that was previously approved for Employee by the Board of Directors of
        the Company (or the Compensation Committee thereof) for such year (or in
        absence thereof the same plan or arrangement that applies to other
        senior executives of the Company for such year) and based upon the
        achievement of the results or goals contemplated by the applicable plan
        or arrangement for such year, but only if the bonus for such year shall
        not have been previously declared and paid to Employee (or paid pursuant
        to clause (iii) above). A notice by the Company of non-renewal of the
        Employment Period pursuant to Section 1 above shall be deemed a
        termination by the Company of Employee's employment hereunder without
        Cause pursuant to this Section 9(c) and upon such notice of non-renewal
        of the Employment Period, Employee may terminate his employment at any
        time after the


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        receipt of such notice and be treated as if he was terminated without
        Cause as of such date pursuant to this Section 9(c). Except as otherwise
        provided in this Agreement or required by applicable law, Employee shall
        not be entitled to any other compensation or benefits in connection with
        a termination of Employee's employment hereunder to which this Section
        9(c) applies.

     3. Addition of Section 9(d). A new Section 9(d) is hereby added to the
Employment Agreement to read as follows:

               (d) Change in Control. In the event of termination by the Company
        of Employee's employment hereunder, otherwise than pursuant to Section
        9(a) or otherwise than pursuant to Section 9(b), during the period
        beginning 180 days prior to a Change in Control (as defined in Section
        10(b)) and ending immediately prior to the Change in Control or at any
        time during the period beginning on the date of the Change in Control
        and ending on the two (2) year anniversary of the Change in Control, the
        Employee shall be entitled to receive from the Company the amounts and
        benefits described in Section 10(b)(iii) hereof in lieu of the amounts
        payable pursuant to Section 9(c).

     4. Amendment to Section 10(b)(iii). Section 10(b)(iii) of the Employment
Agreement is amended in its entirety to read as follows:

               Upon termination of this Agreement under the provisions of
        Section 9(d) or under the provisions of this Section 10(b), Employee
        shall be (A) entitled to his normal salary, bonuses, awards,
        perquisites, and benefits through the date of such termination ("Accrued
        Obligations") and, in addition thereto, (B) paid in a lump sum, on the
        date of such termination three times Employee's base salary in effect on
        the date immediately preceding the Change in Control (or, if
        impermissibly reduced, prior to such reduction), (C) paid in a lump sum,
        on the date of such termination three times the highest annual bonus
        paid to Employee for the three calendar years prior to the calendar year
        in which the date of the Change in Control occurs, (D) paid in a lump
        sum, on the date of such termination a pro-rata portion of Employee's
        bonus for the fiscal year in which the Change in Control occurs
        (determined by multiplying such amount by a fraction, the numerator of
        which is the number of days during the fiscal year of termination that
        Employee is employed by the Company and the denominator of which is
        365), (E) entitled to the continuation of medical and dental benefits
        for Employee (and eligible dependents) upon the same terms and
        conditions in effect prior to the Change in Control for the 36 month
        period following the date of termination provided, to the extent
        Employee incurs tax that he would not have incurred as an active
        employee as a result of the aforementioned coverage or the benefits
        provided thereunder, Employee shall receive from the Company an
        additional payment in the amount necessary so that Employee will have no
        additional cost for receiving such items or any additional payment, (F)
        outplacement services at a level commensurate with Employee's position,
        including use of an Employee office and secretary available through such
        outplacement services, for a period of one year commencing on Employee's
        date of termination but in


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        no event extending beyond the date on which Employee commences other
        full time employment and (G) upon the occurrence of a Change in Control,
        full and immediate vesting of all stock options and other equity-based
        awards held by Employee. In the event Employee obtains other full time
        employment that offers substantially similar or improved medical and
        dental benefits, such continuation of coverage by the Company for such
        medical or dental benefits under Section 10(b)(iii)(E) shall immediately
        cease. The continuation of health benefits for the above referenced 36
        month period shall reduce and count against Employee's rights under the
        Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

     5. Amendment to Section 18(b). Section 18(b) of the Employment Agreement is
amended in its entirety to read as follows:

               (b) Any amounts payable and benefits or additional rights
        provided pursuant to Section 9(c), beyond those specified in Section
        9(c)(i), or Section 10(b)(iii), beyond the Accrued Obligations, shall
        only be payable if Employee delivered to the Company a release of all
        claims that Employee has or may have against the Company and its
        affiliates (other than claims to payments, benefits or entitlements
        specifically payable or provided hereunder, claims under COBRA, claims
        to vested accrued benefits under the Company's employee benefit plans or
        any rights of indemnification under the Company's organizational
        documents) occurring up to the release date in such form as reasonable
        requested by the Company, provided, however, that such release shall
        also release Employee of all claims that the Company and its affiliates
        have or may have against Employee. In the event that the Company fails
        to deliver such release to Employee within 10 days from the later of (i)
        Employee's date of termination or (ii) the date of the Change in
        Control, such release shall not be required and shall not prohibit or
        otherwise delay payment of any amounts or the provision of any benefits
        due Employee hereunder.

     6. Agreement Otherwise Unchanged. The Employment Agreement, as amended
herein, shall remain in full force and effect.

     7. Counterparts. This amendment may be executed in counterparts, each of
which shall be deemed an original, but both of which together shall constitute
the same agreement.


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                                          CELADON GROUP, INC.


                                          By: /s/ Michael Miller
                                             -----------------------------------
                                          Printed: Michael Miller
                                                  ------------------------------
                                          Title: Director/Compensation Committee
                                                --------------------------------

                                          EMPLOYEE


                                          /s/ Stephen Russell
                                          --------------------------------------
                                          Stephen Russell


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