Paschall Truck Lines Constructs Murray, Kentucky, Headquarters
The company broke ground on a 28,000-square-foot facility in the Murray West Industrial Park, which will support household names such as Procter & Gamble, Walmart, Home Depot and T.J. Maxx. The site is expected to be operational by October 2023.
“Paschall Truck Lines Inc. has looked forward to building a new company headquarters on the north side of Murray for many years,” said Chuck Wilson, senior vice president and treasurer for PTL. “We appreciate the support of the City of Murray, the Murray-Calloway EDC and the Commonwealth of Kentucky, without which this project would not have been possible. As a 100% employee-owned company with many Murray and Western Kentucky based employee-owners, we believe the new headquarters facility will serve the needs of the company, its employee-owners, our customers and Murray and the region for many years to come.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) last month approved the company for up to $125,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. In addition, the company can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“Paschall Truck Lines is the latest Kentucky company to grow its presence in the commonwealth,” Governor Andy Beshear said. “I am thrilled to see additional job creation in Western Kentucky, particularly from an employer that has such a long history of success and growth in our state. Congratulations to the company and everyone in Calloway County on today’s groundbreaking.”
PTL has roots in Murray dating back to its opening in 1937, originally operating as a less-than-truckload carrier with a single truck. The company has since grown into a national truckload carrier with more than 1,100 tractors, 3,200 trailers and over $260 million in annual revenue.
“As a former employee of PTL and now chair of the MCEDC, it pleases me greatly to see this new investment in our community,” added Murray-Calloway Economic Development Corp. Chairman David Graham. “This new headquarters operation will mean that the company, which was founded here, will stay here and continue to grow for many years. This project would not have happened without PTL and the City of Murray working together to address issues that could have made the project unfeasible. This is a great day for the employees of PTL and our community as a whole.”
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