SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


       Date of report (Date of Earliest Event Reported): December 18, 1997






                               TRANSIT GROUP, INC.
             (Exact name of Registrant as specified in its charter)





  Florida                           33-30123-A               59-2576629
 (State or other              (Commission File No.)        (IRS Employer
  jurisdiction of                                           Identification No.)
  incorporation or
  organization)







                              2859 Paces Ferry Road
                                   Suite 1740
                             Atlanta, Georgia 30339
          (Address of principal executive offices, including zip code)

                                 (770) 444-0240
              (Registrant's telephone number, including area code)





<PAGE>



ITEM 5.   OTHER EVENTS

           On December 18,  1997,  the  Registrant,  as  Guarantor,  and Carroll
Fulmer & Company, Inc., Carolina Pacific Distributors,  Inc., Capitol Warehouse,
Inc. and Service Express, Inc.  (collectively,  the "Co-Borrowers") entered into
an Advised  Revolving Line of Credit  Agreement with AmSouth Bank (the "Lender")
for a revolver/term  credit  facility of up to $20 million.  The credit facility
provides  for LIBOR or  prime-rate  pricing  options,  is  secured  by  accounts
receivable by the Co-Borrowers and expires in May 2000. The credit facility will
immediately be used to retire  approximately $5 million outstanding in a line of
credit issued to one of the Registrant's  operating  subsidiaries.  In addition,
the credit  facility  will  support  the  Registrant's  acquisition  program and
working capital needs.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

                 (c)   Exhibits

                 99.1  Advised  Revolving Line of  Credit Agreement  dated as of
December 18, 1997, as amended by Amendment to Advised  Revolving  Line of Credit
Agreement  dated  as  of  January  14,  1998,  by  and  among  the  Lender,  the
Co-Borrowers and the Registrant.

                 99.2  Revolving  Credit Note  dated as of December 18, 1997, by
and among the Lender and the Co-Borrowers.

                 99.3  Security Agreement  dated as of December 18, 1997, by and
among the Lender and the Co-Borrowers.

                 99.4  Joinder to Advised Revolving Line of Credit Agreement and
Joinder to Security  Agreement dated as of January 14, 1998 by Rainbow  Trucking
Services, Inc.

                 99.5  Press Release.

                                    SIGNATURE

           Pursuant to the requirements of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                         TRANSIT GROUP, INC.



Date: February 10, 1998                  /s/ Philip A. Belyew
                                         --------------------
                                         Philip A. Belyew
                                         President and Chief Executive Officer