Walmart wants to hire 900 new truck drivers and raises annual salaries to $ 90,000 as it wants to keep up with Amazon.
- Walmart, the world's largest retailer, has a shortage of truck drivers
- It offers a mileage salary increase to 8,000 truck drivers
- Walmart plans to hire 900 additional truck drivers this year.
- Walmart riders earn $ 87,500  a year due to the wage increase
Ariel Zilber for Dailymail.com
Walmart plans to hire 900 truck drivers this year to increase its workforce by 8,000 – all will receive a salary increase that will raise their annual salaries to nearly $ 90,000.
The world's largest retailer has a bottleneck of truckers in a time of fierce competition from rivals like Amazon.
That's why CNN's annual salary for its truck drivers is raised by $ 1,500.
The reward will be in a cent-per-mile salary increase, which will take effect in February.
Walmart's drivers now earn an average of 89 cents a mile – equivalent to an annual salary of approximately $ 87,500.
Unlike other companies that outsource truck traffic to foreign carriers, Walmart has over its own fleet of 65,000 trailers (like those in the 2017 photograph above in Bethlehem, Pennsylvania)
Unlike other companies that outsource trucking to external hauliers, Walmart has its own fleet of 65,000 trailers.
It is one of the largest truck fleets in the country.  Walmart shortens the on-boarding process to get drivers on the road faster.
The company found that the process was too slow in recent years and led to motorists looking elsewhere for work elsewhere.
Walmart, as well as other blue chip companies, have struggled to maintain profit margins because of rising transportation costs.
As the economy is strong, people are buying more products, but there just are not enough truck drivers to transport them to a bottleneck job market.
In the last calendar year, Walmart's stock price has moved from $ 110 per share to just over $ 96. Fallen dollars.
Another factor to consider is the grueling nature of the job, which requires long hours on the highway alone.
A combination of an aging population of lorry drivers, low wages, and federal regulations limiting working hours has contributed to the current situation, according to analysts.
Truck drivers achieved a median last year According to the Bureau of Labor Statistics, the salary is $ 42,000.
In an effort to attract new drivers and retain existing drivers, JB Hunt's salaries and benefits also increase interstate truck ages between 21 and 18 years old.
In the last calendar year, Walmart's share price has dropped from $ 110 per share to just over $ 96.