Walmart to pay truckers up to $110,000 to boost logistics capabilities

Date: April 09, 2022

Walmart to pay truckers up to $110,000 to boost logistics capabilities

Walmart, an American retail corporation, is reportedly shifting its pay structure to allow drivers to earn up to $110,000 in the first year with the retailer. This initiative has been taken to support and boost its logistics capabilities with new investments.

For those unversed, the average starting salary for the retailer’s truck drivers had previously been $87,500, which currently ranges between $95,000 and $110,000. It employs over 12,000 drivers and a workforce of over 1.6 million in the U.S. alone.

According to Fernando Cortes, Senior VP of Transportation, and Karisa Sprague, Senior VP of Supply Chain People at Walmart, drivers who have been with the retailer longer will get the chance of earning more, based on factors like location and tenure.

As per data from the U.S. Bureau of Labor Statistics, the new starting pay range of Walmart is nearly double the average salary of $50,340 per year for truckers. This salary spike is a part of the retail giant’s effort to establish more mechanisms that allow for internal promotion from its huge labor pool.

In addition to increasing the pay range of truckers, Walmart has also unveiled its ‘Private Fleet Development Program’ to develop a pipeline between trucking positions and supply-chain jobs. This 12-week program will feature classes from established Walmart truckers.

The retailer has started the inaugural classes in Dover, Delaware, and Dallas, Texas in 2022, with participants earning licenses as commercial drivers and getting hired into its private fleet.

Earlier in 2022, the American Trucking Association revealed that there is a shortage of nearly 80,000 truck drivers. For the record, Walmart is one of the retailers focusing on attracting more truckers.

Even the White House has taken initiatives to bring more truckers into the industry. For example, U.S. President Joe Biden has recently announced the ‘Trucking Action Plan’ to push employment levels across the industry beyond the pre-pandemic levels.

Source credit:

https://www.businessinsider.in/thelife/news/walmart-is-offering-truckers-a-starting-salary-between-95000-to-110000-a-year-as-retailers-scramble-to-shore-up-supply-chain-capabilities/articleshow/90712675.cms

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Omkar Patwardhan

Omkar Patwardhan started his professional career in the hospitality industry. Having nurtured a deep-sated passion for words however, he found his way into content writing and now pens down articles for numerous websites, including News Origins, spanning the sectors of business, finance, and technology.

Walmart to pay truckers up to $110,000 to boost logistics capabilities