This week, Iowa-based trucking company Heartland Express announced the purchase of a dry van truckload carrier. Heartland Express CRST International
: These carriers often hire new grads or "driver helpers" and provide pay scales high enough to settle existing training loans quickly. 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. When a new driver attends a carrier-sponsored CDL
When a new driver attends a carrier-sponsored CDL school, they often sign a contract (sometimes called a or TRAP ) requiring them to drive for that company for a set period, typically one year. If they leave early, they may owe thousands in tuition debt. trucking companies that buy out contracts
: 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)
: Offers tuition reimbursement to help new hires settle previous training debts.
Many larger carriers "buy out" these contracts by offering or sign-on bonuses that allow the driver to pay off their previous employer.