In the corporate sense, large carriers "buy out" the contracts of smaller companies by acquiring the entire business. Heartland Express
This week, Iowa-based trucking company Heartland Express announced the purchase of a dry van truckload carrier. Heartland Express CRST International
Experienced drivers or owner-operators often look for companies that will "buy out" their current lease or equipment so they can switch carriers.
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.