Walmart is increasing the pay it offers truck drivers in its private fleet to $110,000 in their first year on the job. Show
The nation's biggest retailer said Thursday in blog post that drivers with previous experience working with the company can earn even more based on their tenure and location. Walmart has about 12,000 workers that drive its company-owned trucks. Walmart said that prior to this increase, the average salary for new drivers was $87,500 in their first year. It also said it hired about 4,500 truck drivers last year, the most in its history. "We will continue to hire based on need to support growth of the business," a Walmart spokeswoman told CBS MoneyWatch. She added that the company will also pay for a driver's cost of earning a commercial driver's license, which can be around $4,000 to $5,000. Walmart's recruitment push comes as the country faces a shortage of truck drivers, which is worsening supply-chain snags and making it harder to get products onto store shelves. President Biden on Monday announced a plan to recruit more veterans and women to the trucking industry. Walmart said that people can visit drive4walmart.com to apply for a job. "These latest investments mean Walmart drivers can now make up to $110,000 in their first year with the company," said Fernando Cortes, senior vice president of transportation at Walmart, and Karisa Sprague, senior vice president of Supply Chain People, in the company's post. Trucking industry hit hard by rising fuel costs 02:10By comparison, the median pay for heavy truck and tractor-trailer drivers in 2020 was $47,130 a year, according to the Bureau of Labor Statistics. Last year, the industry was short a record 80,000 drivers, according to the American Trucking Associations, a trade group. To become a Walmart driver, applicants must have some qualifications under their belt. The company requires that drivers have an Interstate (Class A) Commercial Driver's License with HAZMAT endorsement, or receipt of HAZMAT endorsement within 120 days of being hired. Job candidates must also have a clean driving record with no serious traffic or moving violations within the last three years. Walmart screens for DUI, DWI, OUI (operating under the influence) or reckless driving involving alcohol or drug convictions within the last 10 years, as well as issues such as preventable accidents on the road. The call of the open road can be a tempting career choice. Many people have made an excellent living as an over the road (OTR) truck driver. There are several benefits to truck driving, including a variety of career paths, dedicated routes, and trailer types, with many new opportunities available every day. Truck drivers have job stability, too, as the demand for truck drivers continues to grow.The career path of a truck driver is not restricted to the road. You can become a trainer or aspire to own your own fleet as an owner-operator. Truck drivers are often their own boss, with choices for the routes they drive, the hours they keep, and the types of loads they haul. In fact, many large, multi-million dollar trucking companies started with just one truck. Another incentive to become a truck driver is the potential to earn a very comfortable living. If this sounds like a promising career, here is an overview of how truck driver pay works. Factors That Impact Driver PayAs with any career, several factors will affect your driver pay, including: EducationTruck drivers have to go to truck driving school. The cost to get your license can range from $3,000 to $7,000. Although this might sound like a lot of money, you will complete your course and find a job to help you pay off your tuition quickly. Unlike many other careers, where your education can find you in debt, you will be able to pay off your education and then be ready to enjoy all your earnings. You also have the option to take a company-sponsored program. However, you will be required to work with the company for at least a year. Once complete, you will begin driving with the company, but some of your payment goes towards your training. All things considered, both company-sponsored and independent training schools offer the same opportunities when it comes down to the money. The main difference is that when you go the independent route, you won’t be tied to one company when your training is finished. CDL vs. non-CDL IncomeCommercial driver’s license training (or CDL training) will prepare you to become a commercial truck driver. Although you might want to skip this step, it is in your best interest to get your licensing. First, CDL truck drivers make an average of $62,752 per year compared to the national average of $43,464. You can also be fined if you drive without a CDL. ExperienceAs with any job, the average driver pay is also based on experience. As you build your reputation as a truck driver, you will become better qualified to get paid a higher rate. Experienced truck drivers are always in high demand and can expect to be paid better than their less experienced counterparts. Based on experience, you can expect: Year One: You can expect a lower salary when you first get your license. However, you might also get a better rate of pay if you are willing to do some of the less desirable jobs. This can be based on the routes you drive, how far you are willing to drive and, sometimes, what you haul. On average, solo OTR drivers can expect to earn from $40,000 to $45,000. A willingness to relocate can also get you higher wages. If you don’t have any ties to your community, this can present a good opportunity. In some cases, you might have a better chance of earning your experience at a larger company. You will probably be paid less, but you have to start somewhere. This can be a good option if you just want to get experience before moving on to bigger and better opportunities. As with any job, this will be the year you learn the ropes of the industry. If you are willing to learn, you will find more and more opportunities open up to safe, committed drivers. Year Two: Many drivers report that they make an additional $1,000 per year as they progress in their career. This would usually be based on staying with the same company. There are also a lot of factors at play, including how you are being paid, benefits, and bonuses. Long Term: Most truckers will find that they can earn more if they transition to better positions throughout their career. Again, it is all based on how you are paid, the benefits and bonuses you receive, and of course, the company and routes you drive. Earning Potential by Type of DriverOne of the best things about truck driving is that you do have different opportunities available. You can decide which type of driving job suits your lifestyle best, including:
Annual Salary for an OTR Truck DriverEach type of driver will have different earning potential. Here are some average salaries based on the type of driving:
Average Pay Per MileTruck driving jobs can be paid in a number of ways. You can be paid by the hour, by the mile, or in rarer a set, by salary. Companies that pay per hour tend to be larger or local distribution companies such as UPS and FedEx. Being paid by the mile is more common for freight drivers. In most cases, you can make more money when you are paid by the mile. If you are driving a fair clip every day, you can make as much as $210 per day depending on your mileage rate. You can consider the different elements of pay, including:
Because truck driving tends to be a bit more flexible, you will often have a choice for your preferred type of payment so that you can work on your own terms. What Are the Average Miles Per Week for Truck Drivers?When you are paid per mile, the hours you work are not calculated. Instead, it is based strictly on the miles you travel. How much you are paid per mile will vary based on a number of factors, such as:
You will usually be paid between $0.37 to $0.55 per mile with an average of 2,000 to 3,000 miles per week. Your earnings are calculated by your odometer, so you can easily and accurately track your payment.
Other Pay Incentives to ConsiderOne of the benefits of being a truck driver is that you will often find opportunities to earn bonuses on top of your pay. Like any other industry, this will vary greatly depending on the company you work for, where you work, and the type of driver you become. Common bonuses include:
BenefitsMany people choose truck driving as a career as carriers often offer excellent benefits, including:
All of these things can really add up when you consider how much they cost you over time. Some companies will also offer incentives that can make work more enjoyable, such as a ride-along policy that allows you to travel with a friend, family, or pets. Additional IncentivesKeeping truck drivers on board is always a benefit to carriers. Many will offer additional incentives to help retain their drivers, including:
You never know what incentives might be offered to good, long-term drivers.
Great Plains Transport is Now Hiring Company DriversNew Base SALARY – $65,000+ Annually! JOIN OUR TEAM What Great Plains Transport OffersAt Great Plains Transport, we value our drivers. We offer our OTR truck drivers the unique choice of a salary to keep your cash flow steady. Many drivers prefer this option as they always know what to expect for their pay. We offer many additional benefits and incentives, including:
We also welcome owner-operators to our team with fair 85% revenue to truck work and 100% fuel surcharge. Other incentives include:
The best news is that new truck drivers will find competitive wages and incentives due to the current high demand in the industry. It is never too late to consider getting your CDL to begin an exciting career as a truck driver.
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What is the lowest salary for a truck driver?Truck drivers make $60,326 per year on average, or $29.0 per hour, in the United States. Truck drivers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $40,000 a year, while the top 10% makes $90,000.
How much do CDL drivers make in VA?How much does a CDL Class A Truck Driver make in Virginia? The average CDL Class A Truck Driver salary in Virginia is $56,915 as of November 23, 2022, but the range typically falls between $50,303 and $65,299.
How much do CDL drivers make in AZ?The average salary for a cdl driver in Arizona is $48,500 per year. Cdl driver salaries in Arizona can vary between $19,000 to $85,000 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
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