Experienced drivers or owner-operators often look for companies that will "buy out" their current lease or equipment so they can switch carriers.
: Provides tuition reimbursement up to $7,000 and sign-on bonuses up to $5,000 for inexperienced drivers. trucking companies that buy out contracts
In the trucking industry, a "contract buyout" usually refers to one of three specific scenarios: , carrier fleet acquisitions , or factoring company transitions . 1. Driver Training & Debt Buyout Programs carrier fleet acquisitions
In the corporate sense, large carriers "buy out" the contracts of smaller companies by acquiring the entire business. Heartland Express or factoring company transitions .
This week, Iowa-based trucking company Heartland Express announced the purchase of a dry van truckload carrier. Heartland Express CRST International
Many larger carriers "buy out" these contracts by offering or sign-on bonuses that allow the driver to pay off their previous employer.