• CNN reports on how Walmart has announced “that its more than 8,000 truck drivers will get around a $1,500-a-year raise. Walmart, the world's largest retailer, hopes higher pay will help it retain those drivers and hire 900 new ones this year … Although many companies outsource trucking to third-party carriers, Walmart has its own private fleet of 65,000 trailers, one of the largest in the country. Last year, Walmart brought on more than 1,400 new drivers.”
The hirings and raises are a business necessity, CNN writes: “A shortage of truck drivers nationwide and high turnover rates in the industry have hit Walmart at a bad time. The company faces pressure to deliver goods on time to its 4,700 stores and online distribution centers to compete with rivals like Amazon.”
The hirings and raises are a business necessity, CNN writes: “A shortage of truck drivers nationwide and high turnover rates in the industry have hit Walmart at a bad time. The company faces pressure to deliver goods on time to its 4,700 stores and online distribution centers to compete with rivals like Amazon.”
- KC's View:
