In the corporate sense, large carriers "buy out" the contracts of smaller companies by acquiring the entire business. Heartland Express
: 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) 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 In the corporate sense, large carriers "buy out"