Earlier this month, Austin, Texas-based Outpost, a national network of truck terminals, said that in partnership with GreenPoint, a real assets investment firm, announced the investment of additional capital, which now increases the scale of Outpost’s terminal platform to $1 billion.
Outpost explained that its platform meshes physical sites, operations, and technology into a national network of terminals that enable fleets to scale more efficiently and reduce costs.
Outpost CEO Trent Cameron told LM that it has been working with GreenPoint since the company’s initial $500 million industrial outdoor storage platform was launched in 2023, adding that this announcement doubles its truck terminal platform capacity to $1 billion, with this $500 million in additional capital that was recently announced.
“This investment allows us to accelerate the expansion of our terminal network,” said Cameron. “For enterprise fleets, a larger network provides additional flexibility to scale operations up or down in more markets without the capital burden of owning and developing real estate. For midsize fleets, a denser network levels the playing field with larger carriers by providing access to the same critical infrastructure in the markets where they need to grow. And as our network expands, customers that use Outpost terminals and deploy our gate automation technology at their facilities get unified visibility into their equipment.”
As for next steps for Outpost, Cameron said that Outpost is aggressively deploying capital to acquire and develop new terminals in logistics hubs across the U.S., and also doubling down in critical markets where it already has a presence.
“We’re also expanding the services we offer at our terminals, including office space, cross-docking, maintenance, warehouse space, and fuel,” he said. “And we’ll continue to evolve and expand our gate automation platform in partnership with our customers.”
GreenPoint founder and CEO Chris Green said “Outpost reflects the type of business GreenPoint believes in and builds—a vertically integrated, infrastructure-led platform with proprietary technology built to deliver long-term value for fleets, shippers, and the broader supply chain.
What’s more, Outpost announced in June that it has expanded its service footprint across what it called “critical freight corridors,” with the acquisition of four new properties in Dallas, Southern California’s Inland Empire, Las Vegas, and Savannah, with the latter two marking its initial Nevada- and Georgia-based locations.
The company explained that these acquisitions are a continuation of Outpost’s expansion from providing shippers with standalone fleet yards to full-service, shared-use terminals, with each property comprised of a mix of cross-docks, maintenance facilities, warehouses, office space, and drop yard acreage—which it added provides fleets with additional options for their regional operations, minus having to commit long-term financial commitments. And it added that the Outpost terminal network is now comprised of more than 25 assets, more than 400 acres, while serving what it called a diverse and growing customer base of more than 3,000 national carriers, regional fleets, and enterprise shippers.
Last month, Outpost rolled out a new gate automation platform, geared towards various supply chain stakeholders, including shippers, enterprise fleets, and terminal operators, which it said addresses what it called significant avoidable costs. Those costs, which are tied to terminals’ gate operations and related to labor, security/theft, and bottlenecks, are estimated to be at around $6.7 billion annually, based on the company’s analysis of facility labor cost benchmarks and national terminal counts derived from government and proprietary data.
