To all PTL Employees,
After forty-four years serving as President and CEO of Paschall Truck Lines, Tony Waller has announced his retirement effective September 25, 2017. Although he will be leaving the day-to-day operations of the company, he will continue to serve as Chairman of the Board of Directors. Please join us in thanking Mr. Waller for all his years of service and leadership of the company in his capacity as CEO.
PTL is pleased to announce that David Gibbs of Decatur, IL (pictured below) will be assuming Mr. Waller's duties as President and CEO effective September 25th. Dave has over 35 years of leadership experience at some of the largest and best run trucking companies in the industry. Please join us in welcoming Dave to the PTL family.
Below is a letter to all PTL Employees from Mr. Waller.
3443 Highway 641 South - P.O. Box 1080 - Murray - Kentucky 42071-0018
September 14, 2017
From: Randall A. Waller, Sr., President & CEO
To: Drivers, Staff and Management of Paschall Truck Lines, Inc.
Paschall Truck Lines was established in 1937; this year, 2017, is our 80th anniversary. When I purchased the company from L.W. Paschall in 1973, I hoped to continue a successful business that would allow the employees to provide for their families and for me to provide for mine. At that time I never dreamed that the company would grow from a handful of trucks and employees to over 1300 tractors, 3000 trailers and 1700 employees.
I also never dreamed that I would one day be able to hand over the keys of ownership to the employees themselves. As you know, we were able to do that four years ago when I sold all of the company stock to the PTL Employee Stock Ownership Plan. This transaction established the employees as the beneficial owners of Paschall Truck Lines and guaranteed a company presence in Murray, Kentucky for many years to come. Although I have continued my duties as President and Chief Executive Officer in the intervening years, I believe that the time has come for me to retire from those duties.
While there is never a perfect time to step away, I believe that current and upcoming economic conditions will allow the company to continue to thrive. I want to thank all of the employees, vendors, and customers who have helped make the company such a success over the last forty-four years and to ask for their continued service and patronage to the company in the future.
Last December, the PTL Board of Directors established a search committee to identify and hire the person who would become the next President and CEO of Paschall Truck Lines. After an exhaustive search, the board has hired David (Dave) Gibbs currently of Decatur, Illinois. David has over 35 years of management and operational experience at some of the best run trucking companies in the industry. I am confident that he is the right person to lead the company into the coming years.
While I am retiring from my duties as President and CEO effective September 25, 2017, I will remain engaged with the company as Chairman of the Board of directors. It is in that capacity that I ask everyone to give Dave your full support to help ensure the continued success of PTL. Once again, thank you for your support over the last forty-four years, and may God bless the PTL Family with a bright and prosperous future.