A Walmart VP explains why the company pays its truck drivers twice the national average - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A Walmart VP explains why the company pays its truck drivers twice the national average

— rather, there's a lack of truckers willing to work 70-hour weeks for the low wages offered by most shipping companies.

Walmart's model seems to prove this theory. The company's median salary for its fleet of 9,000 truckers is nearly $90,000 per year, according to Braunbach, compared to a national median of roughly $42,000 per year. Braunbach spoke about Walmart's supply chain practices during a conversation with transportation reporter Rachel Premack during Business Insider'sDuring the event, Braunbach also weighed in on the impact of advancements in driver technology.

He also reflected on how much Walmart has changed since he joined the company in 2002. Its biggest adaptation, Braunbach said, has been its shift in focus from expanding brick-and-mortar locations to investing in e-commerce. Shoppers have rapidly moved online for retail purchases, he said, noting that "that speed in the last 3 to 5 years has been remarkable."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As I've said before. There is a shortage of drivers because the money isn't there anymore! Not because of the ELD, lack of respect, days off, don't feel valued, missed company events and ALL that other crap. WE AREN'T BEING PAID ENOUGH! Gross 100k, bring home 42k That's robbery!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google hired former Microsoft exec Javier Soltero as VP of G Suite - Business InsiderGoogle has hired Microsoft's former head of Cortana, Javier Soltero, as its new VP of G Suite. Soltero will report to Google Cloud CEO Thomas Kurian.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google hired former Microsoft exec Javier Soltero as VP of G Suite - Business InsiderGoogle has hired Microsoft's former head of Cortana, Javier Soltero, as its new VP of G Suite. Soltero will report to Google Cloud CEO Thomas Kurian.
Source: BusinessInsider - 🏆 729. / 51 Read more »