Paschall Truck Lines

Nikola Motor Company

  A new truck manufacturing company is expected to build electric-powered semi-trucks in Tennessee. Nikola Motor Co. CEO Trevor Milton unveiled his plans last week in Salt Lake City to revamp the trucking industry by replacing diesel engines with hydrogen fuel and battery-powered electric motors.

www.ptl-inc.com

Paschall Truck Lines President and CEO Randall Waller is putting all of the company’s stock into an Employment Stock Ownership Plan, or ESOP, that will keep the headquarters and jobs in Murray.

An ESOP provides employees with stock ownership through a trust, in this case with First Bankers Trust Services.