Fraley and Schilling transitions to Employee Stock Ownership Plan

RUSHVILLE, IN – Fraley and Schilling, a transportation and logistics company, has announced the transition to an Employee Stock Ownership Plan (ESOP).

According to a news release provided by the company, this is a significant milestone in its corporate history and signifies a deepened commitment to employee engagement, long-term sustainability and shared success.

By becoming a 100% employee-owned company, the ESOP structure empowers employees to become beneficial owners of the company, instilling a sense of ownership and responsibility across its workforce and providing them with a direct stake in its success.

Expressing his enthusiasm about the transition, Robert Schilling, the second-generation owner, said, “Becoming an ESOP is a testament to our belief in the incredible talent and dedication of our team. This move not only recognizes the contributions of our employees but also positions us for sustained success in the years to come. We are excited about the positive impact this will have on our corporate culture and our ability to attract and retain top talent.”

The transition to an ESOP involves the establishment of a trust to hold shares on behalf of employees, with employees gradually becoming vested in the plan. This process grants ownership of shares that represent a tangible stake in the company’s performance.

With a rich history dating back to 1955, Fraley and Schilling has grown to eight locations (Rushville, IN; Knoxville, TN; Lexington, SC; Muscle Shoals, AL; Brilliant, OH; Ghent, KY; Pine Bluff, AR; and Fishers, IN).

This transition to an ESOP marks a new chapter in its evolution. The company remains steadfast in delivering transportation and logistics services while fostering a workplace culture centered on collaboration, innovation and shared success.

The release states that as Fraley and Schilling embarks on this exciting journey as an employee-owned company, it looks forward to the continued support of its valued customers, partners and employees.

About Fraley and schilling

Founded in 1955 in Rushville, Indiana, where the corporate headquarters remain, Fraley and Schilling is a leading transportation and logistics company.

As seen in the Daily News.