As per reports, Walmart Stores, Inc. (WMT) sees the number of trucker applicants jump 8 to 10 times since the salary hike as the retailer recently shifted its pay structure so that truck drivers can earn up to $110,000 in their first year.
“So far, and it’s still in its early days, but we’ve seen anywhere, depending on the region and part of the country, but anywhere from an 8 to 10 [time] jump from what we were seeing in the applicant flow before the announcement. We’re seeing it across the board. So we’re really excited about that piece. It would tell you that we are seeing positive momentum in every single region that we operate,” stated Fernando Cortes, senior vice president of transportation at Walmart.
In a bid to keep its supply chain running smoothly, Walmart launched an internal training program, the 12-week Fleet Development Program training led by seasoned drivers to allow existing employees to become truckers. At the end of the classroom portion of the training, employees graduate with a commercial driver’s license. Also, Walmart is covering the cost of the commercial driver’s license training, which is between $3,000 and $7,000, as per reports.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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