: These carriers often hire new grads or "driver helpers" and provide pay scales high enough to settle existing training loans quickly.
: Offers sign-on bonuses specifically for drivers with at least six months of OTR experience, which can be used to offset previous contract penalties. 2. Fleet & Asset Buyout Programs (Lease-Purchase)
: Known for a formal tuition reimbursement program to help drivers transition from other schools or carriers. trucking companies that buy out contracts
: Provides a "NEW lease on Quality" program where they utilize their size to buy out or replace equipment for drivers joining their bulk chemical tank fleet.
In the corporate sense, large carriers "buy out" the contracts of smaller companies by acquiring the entire business. Heartland Express : These carriers often hire new grads or
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
: Provides tuition reimbursement up to $7,000 and sign-on bonuses up to $5,000 for inexperienced drivers. Fleet & Asset Buyout Programs (Lease-Purchase) : Known
Experienced drivers or owner-operators often look for companies that will "buy out" their current lease or equipment so they can switch carriers.