: Known for a formal tuition reimbursement program to help drivers transition from other schools or carriers.
This week, Iowa-based trucking company Heartland Express announced the purchase of a dry van truckload carrier. Heartland Express CRST International trucking companies that buy out contracts
: Offers tuition reimbursement to help new hires settle previous training debts. : Known for a formal tuition reimbursement program
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 In the trucking industry, a "contract buyout" usually
: Known for buying older rigs from drivers at market value and setting them up with newer equipment through their leasing programs.
Many larger carriers "buy out" these contracts by offering or sign-on bonuses that allow the driver to pay off their previous employer.