: Offers tuition reimbursement to help new hires settle previous training debts.
: 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
Experienced drivers or owner-operators often look for companies that will "buy out" their current lease or equipment so they can switch carriers. : Offers tuition reimbursement to help new hires
Many larger carriers "buy out" these contracts by offering or sign-on bonuses that allow the driver to pay off their previous employer. If they leave early, they may owe thousands in tuition debt
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.