Nation's largest retailer is hiking salaries for drivers in its private fleet. Long-term drivers can earn even more, it said.
Walmart is increasing the pay it offers truck drivers in its private fleet to $110,000 in their first year on the job. Thursday in blog post that drivers with previous experience working with the company can earn even more based on their tenure and location. Walmart has about 12,000 workers that drive its company-owned trucks.
Walmart said that prior to this increase, the average salary for new drivers was $87,500 in their first year. It also said it hired about 4,500 truck drivers last year, the most in its history. "We will continue to hire based on need to support growth of the business," a Walmart spokeswoman told CBS MoneyWatch. She added that the company will also pay for a driver's cost of earning a commercial driver's license, which can be around $4,000 to $5,000.
Walmart's recruitment push comes as the country faces a shortage of truck drivers, which is worsening supply-chain snags and making it harder to get products onto store shelves. President Biden on Monday announced a plan toto apply for a job. "These latest investments mean Walmart drivers can now make up to $110,000 in their first year with the company," said Fernando Cortes, senior vice president of transportation at Walmart, and Karisa Sprague, senior vice president of Supply Chain People, in the company's post.
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