Walmart is offering truckers a starting salary between $95,000 to $110,000 a year, as retailers scramble to shore up supply-chain capabilities
Walmartis raising its starting salaries for truck drivers in its private fleet.
- Previously, the average starting annual salary for these
truckerswas around $87,500.
Walmart is shifting its pay structure so that its drivers can earn up to $110,000 in their first year with the retailer, as it strives to shore up its logistics capabilities with new investments.
Previously, the average starting salary for Walmart's truck drivers had been $87,500. Now, it ranges between $95,000 and $110,000. In a blog post from senior vice president of
Walmart's new starting pay range for truckers is nearly double the average truck driver's salary of $50,340 per year, according to data from the US Bureau of Labor Statistics.
The salary spike for truckers is just the latest effort from the Arkansas-based
In additional to increasing truckers' pay range, Walmart has also launched a "Private Fleet Development Program" to establish a pipeline between supply-chain jobs and
Walmart is one of many retailers working to attract more truck drivers. Last year, the company offered truckers an $8,000 sign-on bonus, joining several transportation companies that gave new drivers bonuses as high as $15,000.
Earlier this year, the American Trucking Association reported that there is a shortage of over 80,000 truck drivers. Truckers move about 72% of all goods in the US and trucking capacity has been repeatedly cited as a contributing factor to the supply-chain crisis — which has spawned shortages and price hikes.
Even the White House has taken action to help bring more truck drivers into the industry. On Monday, President Joe Biden said his administration's Trucking Action Plan had helped push employment levels in the industry past pre-pandemic levels.
Insider previously reported that trucking companies have begun recruiting drivers at gas stations and convenience stores, as well as offering perks like luxury truck stops with masseurs and pet-bathing stations.
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