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ruckload carrier Celadon Group Inc. said its board named Thomas Glaser the company's president. The position was previously held by Chairman and Chief Executive Officer Steve Russell.

Celadon said in a statement that Glaser joined the company in May 2001 as executive vice president of operations and was promoted to chief operating officer in November 2003.

"In recognition of his substantial contributions to the company, we are delighted to provide Tom with this increase in responsibilities, and are confident that he possesses the skills, drive and experience to excel in this position," Russell said.

Last week, Celadon said its net income for the fiscal 2005 first quarter ended Sept. 30 was $2.8 million or 27 cents per share, compared with a loss of $5.5 million or 72 cents a year earlier. A

Celadon is ranked No. 49 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.