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 30, 1997






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



                Florida                 33-30123-A           58-2576629
 (State or other jurisdiction of   (Commission File No.)    (IRS Employer
  incorporation or organization)                            Identification No.)







                              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 2.    ACQUISITION OR DISPOSITION OF ASSETS

           On  December  30,  1997,   Transit  Group,  Inc.   ("Transit  Group")
consummated  the  acquisition  of Rainbow  Trucking  Services,  Inc., an Indiana
corporation  ("Rainbow  Trucking").  Pursuant  to  the  Agreement  and  Plan  of
Reorganization,  a wholly-owned  Indiana  subsidiary of Transit Group was merged
with and into  Rainbow  Trucking in a reverse  triangular  merger,  with Rainbow
Trucking remaining as the surviving corporation of the merger. Upon consummation
of the merger,  all of the  outstanding  common  stock of Rainbow  Trucking  was
converted into 339,623 shares of Transit Group common stock.

           On December 30, 1997,  Transit Group also consummated the acquisition
of Hawks  Enterprises,  Inc.,  a  Kentucky  corporation  ("Hawks  Enterprises").
Pursuant to the Agreement and Plan of  Reorganization,  a wholly-owned  Kentucky
subsidiary  of Transit  Group was merged  with and into Hawks  Enterprises  in a
reverse  triangular  merger,  with Hawks Enterprises  remaining as the surviving
corporation  of  the  merger.  Upon  consummation  of  the  merger,  all  of the
outstanding  common stock of Hawks Enterprises was converted into 188,679 shares
of Transit Group common stock.

           In addition,  on December 30, 1997,  Transit  Group  consummated  the
acquisition of T.W. Transport,  Inc., a Kentucky corporation ("T.W. Transport").
Pursuant to the Agreement and Plan of  Reorganization,  a wholly-owned  Kentucky
subsidiary of Transit Group was merged with and into T.W. Transport in a reverse
triangular merger, with T.W. Transport remaining as the surviving corporation of
the merger. Upon consummation of the merger, all of the outstanding common stock
of T.W.  Transport  was  converted  into 150,943  shares of Transit Group common
stock.

           Rainbow  Trucking,  a privately  held full load,  long haul  trucking
company, and its two affiliate companies,  Hawks Enterprises and T.W. Transport,
are based in Louis~ille, Kentucky.

           On  December  31,  1997,  Transit  Group  entered  into a  definitive
agreement  with General  Parcel  Corporation,  a Florida  corporation  ("General
Parcel")  owned and  controlled  by T.  Wayne  Davis,  Chairman  of the Board of
Transit  Group,  for the  purchase by General  Parcel of all of Transit  Group's
fixed  assets used in the  operations  of the parcel  delivery  business and the
courier  business.  Pursuant to the Asset  Purchase  Agreement  effective  as of
September 30, 1997,  General Parcel shall assume certain  liabilities of Transit
Group, as well as assume Transit  Group's  obligations  under capital  equipment
leases and facility leases relating to its parcel delivery  business and courier
business.  The sale is  subject to third  party  approvals  and other  customary
conditions.  General Parcel shall receive 870,000 shares of Transit Group common
stock.

           Transit Group, headquartered in Atlanta, Georgia is a holding company
in the business of acquiring and  consolidating  short- and  long-haul  trucking
companies.



<PAGE>


ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS

           (a)    Financial Statements of Business Acquired

           At the  present  time,  it is  impractical  to provide  the  required
financial statements for Rainbow Trucking,  Hawks Enterprises and T.W. Transport
relative  to  their  respective  acquisitions  as  required  by  Article  11  of
Regulation  S-X and this  Item 7 of Form  8-K.  Transit  Group  will  file  such
financial  information  under cover of a Form 8-K/A as soon as practicable,  but
not later than  March 15,  1998 (60 days after  this  Report is  required  to be
filed).

           (b)    Pro Forma Financial Information

           At the  present  time,  it is  impractical  to provide  the pro forma
financial  information  relative to the Rainbow Trucking,  Hawks Enterprises and
T.W. Transport acquisitions as required by Article 11 of Regulation S-X and this
Item 7 of Form 8-K. Transit Group will file such pro forma financial information
under cover of a Form 8-K/A as soon as practicable, but not later than March 15,
1998 (60 days after this Report is required to be filed).

           (c)    Exhibits

           2.1 Agreement and Plan of Reorganization  dated December 12, 1997, by
and among Transit Group, Rainbow Trucking, and Ellena A. Hawkins,  as amended by
First Amendment thereto dated December 30, 1997.

           2.2 Agreement and Plan of Reorganization  dated December 12, 1997, by
and among Transit Group, Hawks Enterprises and Robert L. Hawkins.

           2.3 Agreement and Plan of Reorganization  dated December 12, 1997, by
and among Transit Group, T.W. Transport and Timothy M. Weller.

           2.4 Asset Purchase  Agreement  effective as of September 30, 1997, by
and between Transit Group and General Parcel.

           99  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: January 13, 1998                   /s/  Philip A. Belyew
                                           ---------------------
                                           Philip A. Belyew
                                           President and Chief Executive Officer