<PAGE>

Exhibit 7.2 - Pro forma Financial Information

<TABLE>
<CAPTION>
                                              (in thousands, except shares)

                                                                                       Unaudited        Unaudited  
                               Transit    Carolina    Service     Capitol    Carroll   Pro Forma        Pro Forma   
                             Group, Inc.   Pacific    Express    Warehouse   Fulmer   Adjustments        Combined  
                                                                                                               
                                                                                                                  
<S>                          <C>           <C>        <C>        <C>        <C>        <C>         <C>   <C>     
 Current assets              $       284   $    973   $    792   $   1,668  $ 10,033                     $  13,750 
 Property and equipment                4      1,787      1,243      12,896     3,842   $     6,460 (b)      26,232  
 Goodwill                                                                         23        33,725 (c)      33,748  
 Other noncurrent assets           6,764          -          -          68     1,523                         8,355  
                             -----------   --------   --------   ---------  --------   -----------       ---------  
 Total assets                $     7,052   $  2,760   $  2,035   $  14,632  $ 15,421   $    40,185       $  82,085   
                             ===========   ========   ========   =========  ========   ===========       =========
                                                                                                                   
 Current debt                $         -   $    711   $    516   $   3,734  $  5,207   $     2,759 (b)   $  12,927  
 Other current liabilities        12,887        407        152       1,900     5,182                        20,528  
 Long-term debt                        -      1,441        417       7,549     2,691         9,264 (b)      21,890  
                                                                                               528 (b)             
                             -----------   --------   --------   ---------  --------   -----------       ---------  
 Total liabilities                12,887      2,559      1,085      13,183    13,080        12,551          55,345
                             -----------   --------   --------   ---------  --------   -----------       --------- 

 Stockholders' equity
    (deficit)                     (5,835)       201        950       1,449     2,341        44,436 (c)      26,740  
                             -----------   --------   --------   ---------  --------   -----------       ---------  
 Total liabilities &                                                                                              
    stockholders equity      $     7,052   $  2,760   $  2,035   $  14,632  $ 15,421   $    27,634       $  82,085 
                             ===========   ========   ========   =========  ========   ===========       ========= 
</TABLE>
<PAGE>
<TABLE>
<CAPTION>


                                                             For the six months ended June 30, 1997      
                             -------------------------------------------------------------------------------------
                                                                    (in thousands, except shares)
                                                                                       Unaudited        Unaudited  
                               Transit    Carolina    Service     Capitol    Carroll   Pro Forma        Pro Forma   
                             Group, Inc.   Pacific    Express    Warehouse   Fulmer   Adjustments        Combined 
                                                                                                                   
<S>                          <C>           <C>        <C>        <C>        <C>        <C>         <C>   <C>       
 Revenues                    $         -   $  4,722   $  2,288   $   9,628  $ 34,645   $     1,500  (b)  $  52,783 
                             -----------   --------   --------   ---------  --------   -----------       ---------  
 Expenses                                                                                                          
   Salaries and wages expense          -      1,780        674       2,667     4,654          (250) (d)     11,451 
                                                                                             1,926  (b)            
   Operating expense                   -      2,298        429       4,992    28,038        (1,281) (b)     34,476  
   Depreciation and amortization       -        255        266       1,256       251           353  (e)      3,283  
                                                                                               836  (c)            
   General and administration                                                                   66  (b)              
      expense                        268         43        148          32     1,175          (108)          1,558 
   Interest expense                    -         68         45         517       386           388  (f)      1,404  
   Other expense                       -        518        596        (244)      (58)         (500)            312 
                                                                                                                   
    Total expenses                   268      4,962      2,158       9,220    34,446         1,156          52,210 
                             -----------   --------   --------   ---------  --------   -----------       ---------  
    Operating income (loss)         (268)      (240)       130         408       199           344             573   
 Provision for income taxes            -         45        (62)       (190)      (97)          299              (5)  
                             -----------   --------   --------   ---------  --------   -----------       ---------  
 Income (loss) before                                                                                              
  discontinued operations           (268)      (195)        68         218       102           643             568 
                                                                                                                     
 Discontinued operations         (13,570)         -          -           -         -             -         (13,570) 
                             -----------   --------   --------   ---------  --------   -----------       --------- 
 Net income (loss)           $   (13,838)  $   (195)  $     68   $     218  $    102   $       643       $ (13,002)
                             ===========   ========   ========   =========  ========   ===========       =========  
 Loss per common share:                                                                                            
   Continuing operations     $     (0.13)                                                                $    0.01  
   Discontinued operations         (2.77)                                                                    (0.95) 
                             -----------                                                                 ---------  
    Total                    $     (2.90)                                                                $   (0.94) 
                             ===========                                                                  =========  
 Weighted average number                                                                                            
    of shares                  4,909,528                                                                 14,186,037 
                             ===========                                                                 ========== 
</TABLE>
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<TABLE>
<CAPTION>
                                                       For the twelve months ended December 31, 1996
                             --------------------------------------------------------------------------------------   
                                                                    (in thousands, except shares) 

                                                                                       Unaudited        Unaudited 
                               Transit    Carolina    Service     Capitol    Carroll   Pro Forma        Pro Forma 
                             Group, Inc.   Pacific    Express    Warehouse   Fulmer   Adjustments        Combined 

<S>                          <C>           <C>        <C>        <C>        <C>        <C>          <C>  <C>       
 Revenues                    $    23,404   $ 11,691   $  4,428   $  16,920  $ 69,290   $     3,000  (b)  $ 105,329
                                                                                       $   (23,404) (g)            
 Expenses                                                                                                          
   Salaries and wages expense     13,377      4,528      1,263       4,661     9,308        (1,016) (d)     22,676 
                                                                                             3,932  (b)            
                                                                                           (13,377) (g)             
   Operating expense               7,126      5,533      1,875       8,705    56,076         4,713  (b)     69,624 
                                                                                           (14,404) (g)             
   Depreciation and amortization   1,857        957        620       2,512       503           711  (e)      6,559 
                                                                                             1,124  (c)             
                                                                                               132  (b)            
   General and administration                                                               (1,857) (g)         
      expense                      5,335         37        711         443     2,351        (4,585) (g)      4,292  
   Interest expense                  717        226        114       1,068       772           280  (f)      2,460  
                                                                                              (717) (g)           
   Other expense                     141        375        (33)       (487)     (116)         (141) (g)       (261)
                             -----------   --------   --------   ---------  --------   -----------       ---------  
    Total expenses                28,553     11,656      4,550      16,902    68,894       (25,205)        105,350 
                             -----------   --------   --------   ---------  --------   -----------       --------- 
    Operating income (loss)       (5,149)        35       (122)         18       396         4,801             (21)
 Provision for income taxes            -       (103)        19         (15)     (195)          294  (h)          - 
                             -----------   --------   --------   ---------  --------   -----------       ---------  
  
 Net income (loss)           $    (5,149)  $    (68)  $   (103)  $       3  $    201   $     5,095       $     (21) 
                             ===========   ========   ========   =========  ========   ===========       ========= 

 Loss per common share       $     (1.48)                                                                $   (0.04)
                             ===========                                                                 ========= 
 Weighted average number                                                                                            
    of shares                  3,758,671                                                                11,202,180 
                             ===========                                                                ==========  

</TABLE>
NOTES TO UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS:

(a)  On August 29, 1997, Transit Group, Inc. (the "Company")
completed the acquisition of Carroll Fulmer Group, Inc.
("Fulmer").  Previously, on July 11, 1997, the Company completed
the acquisition of Carolina Pacific Distributors, Inc.
("Carolina"); and, on August 15, 1997, the company completed the
acquisitions of Capital Warehouse, Inc. ("Capital") and Service
Express, Inc. ("Service").  Pursuant to the Stock Purchase
Agreements executed at the closings (the "Agreements"), the
Company purchased all the outstanding capital stock of Fulmer, Capital,
Service and Carolina.  The total purchase price of the four companies
approximates $35.5 million consisting of $3.7 million in cash, the
issuance of 4,166,667 shares of common stock of the Company and $1.9
million of debt to the shareholders of Fulmer, and the issuance of
641,283 shares of common stock of the Company to the shareholder of 
Capital and 903,226 shares of Company stock to the shareholder of 
Service and the issuance of 1,733,000 shares of common stock of the
Company to the shareholders of Carolina, and the assumption of
approximately $0.6 million of debt.  The Company's and Service's
financial statements are prepared on a calendar year-end basis while
Fulmer used a fiscal year ended May 31, 1997 and Capital used a fiscal
year ended February 29, 1997 and Carolina used a fiscal year ended
September 30, 1996.  Accordingly, the accompanying unaudited pro forma
combined financial statements combine the December 31, 1996 and
June 30, 1997 financial statements of the Company and Service, and
the May 31, 1997 and August 31, 1997 financial statements of Fulmer,
and the February 29, 1997 and August 31, 1997 financial statements
of Capital, and the September 30, 1996 and June 30, 1997 financial
statements of Carolina, respectively.  Such financial information is
intended to reflect the combined financial position and results of
operations as of each of the periods presented and is not necessarily 
indicative of future combined financial position or results of operations.

(b)  To reflect the purchase by the Company of certain additional
productive assets from an affiliate of Carolina and the assumption
of related borrowings, and the capital lease by the Company of additional
productive assets from affiliates of Fulmer.

(c)  To reflect the APB 16 purchase accounting adjustments including
the financing of $3.5 million in cash paid at closing, the issuance of
7,444,176 shares at fair market value of the Company's common stock
to the shareholders of Fulmer, Capital, Service and Carolina, notes payable
of $2.5 million, and expenses associated with the acquisitions.  In 
connection with the acquisitions, goodwill of approximately $33.7 million
was recorded.  Such goodwill will be amortized over a 30-year period.

(d)  To reflect certain adjustments to salaries and employee
benefits expense resulting from the acquisition of Carolina.

(e)  To eliminate the depreciation expense associated with certain
assets not acquired in the purchases of Carolina.

(f)  To reflect interest expense associated with new borrowings
acquired in connection with the acquisition at an average annual
interest rate of 8%.

(g)  To eliminate the discontinued parcel delivery and courier
operations at Transit Group, Inc.

(h)  To reflect the utilization of the Company's net operating
loss carryforwards to offset Fulmer, Capital, Service and Carolina
taxable income.