Walmart Raises US Trucker Annual Pay To $110,000

Walmart Inc WMT has raised the starting pay for the drivers of Walmart Private Fleet to $110,000 a year.
The retail giant employs about 12,000 long-haul truck drivers under its fleet.
The move comes amid a shortage of drivers that threatens to prolong supply chain snarls and merchandise shortages, Reuters reported.
"We're proud to announce pay raises to ensure Walmart remains one of the best companies in the world to drive for," the company stated.
Walmart's 12-week private fleet development program enabled supply chain associates in the Dallas, Texas, and Dover, Delaware, areas to earn their commercial driver's license (CDL) and become full-fledged Private Fleet Walmart drivers.
Price Action: WMT shares closed higher by 1.02% at $156.57 in premarket on the last check Friday.