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Walmart to pay in-house truckers up to $110,000 in tight U.S. job market

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The retail giant is boosting efforts to attract and retain truckers as employers struggle to keep 18\u002Dwheelers rolling

The pay bump pushes Walmart truck drivers further ahead of typical U.S. levels. Median pay for heavy and tractor-trailer truck drivers was $47,130 in 2020, according to the Labor Department.

The Bentonville, Arkansas-based retailer also touted a training effort for employees who want to become drivers. So far, 17 employees in Delaware and Texas have earned commercial driver’s licenses over the course of the 12-week program, the spokeswoman said. The company is hoping to train 400 to 800 new drivers this year, she said. The in-house program saves prospective truckers the cost of commercial driver training, which can range between $4,000 to $5,000 for people doing it independently, she said.

Walmart climbed less than 1% to $156.12 at 12:40 p.m. in New York. The stock gained 7.1% this year through Wednesday, compared with a 6% decline for the S&P 500.

 

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Kids still want college degrees after seeing this 🤔

They should pay the more. They do more for the company than the CEO

Freedom

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