Outpost Doubles Its Funding to Expand Parking, Terminals
Investment Firm-Backed Developer to Expand Beyond Current 25 Facilities
Key Takeaways:
- Truck parking and terminal provider Outpost doubled its available capital to $1 billion through an expanded partnership with investment firm GreenPoint Partners.
- The company has grown to 25 facilities across more than 400 acres and recently acquired properties in high-demand freight corridors including Las Vegas; Portland, Ore.; the Dallas-Fort Worth area; and Southern California's Inland Empire.
- Truck parking remains a critical industry challenge, with the shortage costing an estimated $100 billion annually in lost productivity, according to Truck Parking Club research.
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The pool of capital available to advance truck parking and for-hire fleet terminal provider Outpost’s growth prospects doubled recently to $1 billion, the company said Sept. 17.
Outpost’s parking and terminal network currently comprises 25 facilities covering more than 400 combined acres.
The sites offer parking, office space, crossdocking, maintenance facilities and warehouse space.
New York-based investment firm GreenPoint Partners in 2023 launched a $500 million truck and trailer storage portfolio that Outpost manages.
Over the past six months, Outpost acquired properties in Las Vegas; Portland, Ore.; the Dallas-Fort Worth area; and two locations in the major Southern California warehousing hub of the Inland Empire. The properties offer strategic locations in high-demand freight corridors, the company said.
A year ago, Outpost — previously known as Semi-Stow — had more than 11,000 parking spaces. That was after adding more than 1,700 additional parking spaces at four sites near Chicago; Fort Lauderdale, Fla.; the Inland Empire; and Laredo, Texas. A more current figure was not readily available.
“Outpost continues to grow even as freight markets remain deeply challenged,” said Trent Cameron, Outpost co-founder and CEO. “By vertically integrating the business and doubling platform capacity to $1 billion, we are positioned to build the national network of carrier-agnostic terminals that can meet customer demand with greater scale, speed and resilience.”
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“From the outset, we shared a vision with Trent and the Outpost team to transform transport infrastructure,” said Chris Green, GreenPoint founder and CEO. “Outpost reflects the type of business we believe in and build at GreenPoint — a vertically integrated, infrastructure-led platform with proprietary technology built to deliver long-term value for fleets, shippers and the broader supply chain.”
In August, Outpost launched a gate automation platform for fellow terminal operators after developing the product — which utilizes computer vision, hardware and artificial intelligence — for its own facilities.
Parking was the second biggest concern for carrier executives polled in 2024 and 2023, according to the American Transportation Research Institute.
The shortage of parking is leading to $100 billion annually in lost productivity, a found. Truck Parking Club offers data on and booking services for parking spaces.
A fiscal 2026 transportation funding bill backed July 17 by the House of Representatives Appropriations Committee would provide $200 million to expand truck parking access.
A companion Senate DOT appropriations bill was passed by the equivalent committee in July.
Should the House bill be signed into law, the funds would be administered by the Department of Transportation’s Nationally Significant Multimodal Freight and Highway Projects grant program.
A final DOT budget has yet to go to the White House for President Donald Trump’s signature.
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