Walmart designates to hire 900 new truck drivers and raise annual wages to $ 90,000 as it offers to keep up with Amazon
- Walmart, the world's largest dealer, has a shortage of truck drivers.
- It offers a pay rise to the 8,000 truck drivers
- Walmart also wants to hire 900 extra truck drivers this year
- The wage increase means that Walmart drivers earn $ 87,500 a year
Ariel Zilber For Dailymail.com
Walmart wants to hire 900 truck drivers this year to add to its 8,000 workforce – everyone will receive a boost that will push their annual salary to nearly $ 90,000.
The world's largest dealer is experiencing a lack of truck drivers at a time when it is facing fierce competition from rivals, including Amazon.
Therefore, it will raise the annual salary of its truck drivers by $ 1,500, according to CNN.
The salary translates into a one-pay rise in cents per kilometer, which comes into force in February.
Walmart's drivers now average averages of 89 cents per mile – which equates to an annual wage of around $ 87,500.
Unlike other companies, Outsourcing trucks to third party carriers, Walmart has its own 65,000 private fleet (as seen in the 2017 picture in Bethlehem, Pennsylvania)
Unlike other companies outsourcing trucks to third party carriers, Walmart has its own private fleet of 65,000 trailers.
It is one of the largest truck fleets in the country. 19659010] Walmart also shortens the onboard process for faster drivers on the road.
The company found that the process was already too slow, which led drivers to seek work elsewhere.
Walmart, as well as other blue chip companies have struggled to maintain profit margins due to rising transport costs.
Because the economy is strong, people buy more products, but there is simply not enough truck drivers to transport them in a tight labor market.
In the last calendar year, Walmart has seen its share price fall from $ 110 per share. Share to just over $ 96
Another factor to consider is the job's terrible character, which requires long hours traveling alone on the interstate.
A combination of an aging truck driver population, low wages, and federal rules limiting the hours spent on the road has contributed to the current situation, analysts say.
Last year, tractor vehicle drivers received a median salary of $ 42,000, according to the Bureau of Labor Statistics.
In an effort to attract new drivers and retain existing ones, JB Hunt also bears increasing pay and benefits.
There is also movement in the congress to lower interstate trucking age from 21 to 18 years.
In the last calendar year, Walmart has seen its share price fall from $ 110 a year. share to just over $ 96.