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Outpost adds Newark terminal and EV Realty sites to national network
Yahoo Finance· 2026-03-19 12:00
Core Insights - Trucking is responsible for moving approximately 70% of U.S. freight annually, yet it lacks a unified infrastructure compared to air cargo, rail, and ocean shipping [1][3] - Outpost is investing $1 billion to establish a nationwide network of shared-use truck terminals to address this infrastructure gap [1][3] Expansion Details - Outpost has announced the addition of five new properties in Newark, Miami, and California, expanding its portfolio by over 30 acres [2] - The Newark terminal, located at 90 Kingsland Ave., is Outpost's first in the Northeast, strategically positioned near major transportation routes [3] - The Miami property, a 17-acre site adjacent to Miami International Airport, is a key asset in a densely populated freight market [4][5] Strategic Investments - The expansion includes a partnership with EV Realty to develop commercial fleet charging hubs, with three properties in California being integrated into the Outpost network [5] - The Stockton site is 4.1 acres, located near Stockton Airport and major highways, while the Livermore property connects the Port of Oakland with distribution centers [6] - The Torrance site, at 2.2 acres, is situated near major ports, enhancing Outpost's operational capabilities in California [6]
EV Realty secures $75 million investment from NGP for charging expansion
Yahoo Finance· 2025-09-19 00:03
EV Realty announced Thursday it has secured $75 million in growth equity from private equity investor NGP to scale its portfolio of commercial fleet charging hubs. The company also broke ground on its first large-scale project in San Bernardino, Calif., featuring 76 DC fast-charging stalls with 9.9 MW of grid capacity that can serve more than 200 Class 8 trucks daily. “What we’ve focused on from the start is trying to address the barrier that we think really inhibits this adoption for the fleets that want ...