Walmart boosts annual pay for new truck drivers to $110,000

Walmart is increasing the pay it offers truck drivers in its private fleet to $110,000 in their first year on the job.

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'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.