Truck Specialized Parking Services

What Truck Specialized Parking Services does

Truck Specialized Parking Services (TSPS) is a Detroit-based, privately held company that provides real-time truck parking availability monitoring systems to state Departments of Transportation (DOTs) and the commercial trucking industry across North America. Founded in 2014, TSPS pioneered the nation's first Truck Parking Information Management System (TPIMS) and has since deployed its monitoring solution at hundreds of sites, delivering real-time availability data to millions of truckers through roadside dynamic message signs, mobile apps, websites, and in-cab applications. The company addresses the structural shortage of safe truck parking, which the U.S. DOT reports causes 98% of drivers to regularly struggle to find safe parking.

TSPS's product stack centers on two assets: the proprietary Osprey monitoring platform and the Omnisight Fusion Sensor. Osprey is a sensor-agnostic software platform that aggregates data from multiple detection technologies (magnetic pucks, radar, thermal imaging, LiDAR, and AI-powered sensors) and delivers it through multiple distribution channels. The Omnisight Fusion Sensor, an AI-powered sensor combining HD3D radar with HD video cameras that the company claims achieves 100% detection accuracy, was developed through a 2018 collaboration with Atkins and the Colorado DOT in support of CDOT's Vision Zero initiative. In 2020, Omnisight was spun off as an independent company founded by TSPS CEO Carl Rundell; TSPS retains exclusive North American distribution rights for the sensor within the truck parking vertical.

TSPS operates a B2B/B2G go-to-market model, generating revenue from hardware sensor sales (Omnisight Fusion Sensor), TPIMS system deployments, and recurring service and maintenance contracts. The company sells directly to state DOTs and works through a system integrator network across North America. Pricing is not publicly disclosed, and no revenue figures, funding history, or institutional ownership details are available in the source material. The company has 11-50 employees and is led by CEO Carl Rundell.

Name

Truck Specialized Parking Services

Legal name

Truck Specialized Parking Services

Website

https://tsps.io

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Truck Specialized Parking Services (TSPS) provides real-time truck parking availability monitoring systems to state Departments of Transportation and the commercial trucking industry across North America via its proprietary Osprey platform and exclusive Omnisight Fusion Sensor.

Ownership category

akta.pro rank

Headquarters

HQ city

Detroit

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Truck Parking Monitoring Systems (TPIMS): TSPS designs and deploys truck parking availability monitoring systems for DOTs and trucking industry clients, generating revenue through system sales and ongoing service contracts. The company has implemented hundreds of sites since 2014.
2. Omnisight Fusion Sensor: TSPS is the exclusive provider of the Omnisight Fusion Sensor for truck parking in North America, generating revenue from hardware sensor sales to clients.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

TSPS designs, deploys, and operates real-time truck parking availability monitoring systems (TPIMS) for state Departments of Transportation and trucking industry partners across North America. Its offering combines the proprietary Osprey sensor-agnostic monitoring software platform with detection hardware — including the Omnisight Fusion Sensor (an AI-powered device integrating HD3D radar and HD video cameras that achieves 100% data accuracy) — and delivers availability data to truckers through roadside dynamic message signs, mobile apps, websites, and in-cab navigation systems, supported by 24/7 maintenance.

Product overview

Truck Specialized Parking Services (TSPS) offers a unified platform approach combining hardware sensors and proprietary software for real-time truck parking availability monitoring. The core offering consists of TPIMS (Truck Parking Information Management System), the proprietary Osprey monitoring platform, and the Omnisight Fusion Sensor (AI-powered detection combining HD3D radar with HD video cameras). TSPS also maintains a relationship with Omnisight as an independent company while serving as the exclusive provider of the Fusion Sensor for truck parking in North America. The system evolved from early magnetic puck technologies to advanced AI-powered sensing, delivering data through roadside signs, mobile apps, websites, and in-cab applications.

Differentiator

Problem solved

Functional benefit

Brands

• Omnisight Fusion Sensor: AI-powered sensor combining HD3D radar with HD video cameras, providing 100% data accuracy for truck parking availability monitoring. TSPS is the exclusive provider of this sensor for the truck parking industry in North America.
• Osprey

Products and services

• Truck Parking Information Management System (TPIMS) End-to-end real-time truck parking availability monitoring system for state Departments of Transportation and the commercial trucking community. Implemented in 2014 as the nation's first TPIMS, it delivers parking availability through roadside dynamic message signs, mobile apps, websites, and in-cab navigation/ELD applications.
• Osprey monitoring platform TSPS's proprietary, sensor-agnostic monitoring software platform. Osprey aggregates data from multiple detection technologies (magnetic pucks, radar, thermal imaging, LiDAR, and AI-powered sensors such as the Omnisight Fusion Sensor) and serves real-time truck parking availability information to DOTs, the trucking community, and third-party applications via roadside signs, mobile apps, websites, and in-cab systems.
• Omnisight Fusion Sensor AI-powered detection hardware that integrates HD3D radar with HD video cameras to deliver 100% data accuracy in truck parking availability monitoring. TSPS is the exclusive provider of the Omnisight Fusion Sensor for the truck parking industry in North America; the sensor was developed with Atkins in support of CDOT's Vision Zero initiative.

Quantifiable outcome

• 98% of truck drivers regularly have trouble finding safe parking (U.S. Department of Transportation)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• OmnisightcoreStrategic or Co-development Partner · 1 January 2018TSPS has an exclusive partnership with Omnisight to be the sole provider of the Omnisight Fusion Sensor for truck parking in North America. Omnisight was founded by TSPS CEO Carl Rundell in 2020 as an independent company following the development of the AI-powered Fusion Sensor (HD3D radar + HD video cameras) that achieves 100% data accuracy, initially developed in collaboration with Atkins and CDOT for the Vision Zero initiative.
• AtkinscoreStrategic or Co-development Partner · 1 January 2018Atkins collaborated with TSPS to test various sensing technologies (radar, thermal imaging, LiDAR) and ultimately develop the AI-powered Omnisight Fusion Sensor with HD3D radar and HD video cameras, in support of CDOT's Vision Zero initiative.
• Colorado Department of Transportation (CDOT)coreStrategic or Co-development Partner · 1 January 2018CDOT partnered with TSPS and Atkins in 2018 when TSPS CEO Carl Rundell introduced the concept for achieving 100% data accuracy. This collaboration led to the development and testing of the Omnisight Fusion Sensor supporting CDOT's Vision Zero initiative.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Iteris: Intelligent transportation systems provider serving DOTs with sensors, traffic management, and analytics; overlaps with TSPS in roadway-sensing and DOT channel, though at a broader scope.
• Motive (formerly KeepTruckin): Leading trucking-focused telematics and fleet management platform with in-cab hardware and driver apps, comparable in customer base and in-cab data delivery channels.
• Verizon Connect: Enterprise fleet telematics and connected-vehicle platform with the scale to bundle truck-parking visibility into broader fleet offerings.
• Samsara: Large fleet IoT and telematics platform with broad trucking-industry reach that could expand into truck-parking availability as an adjacent feature, competing for similar customer mindshare.
• Geotab: Global fleet telematics incumbent with extensive trucking-customer base and DOT-adjacent relationships; potential competitor if it adds parking-availability modules.
• Cubic Transportation Systems: Large transportation systems integrator serving DOTs and transit agencies with sensor, payment, and analytics solutions, overlapping with TSPS's government buyer profile.

Direct peers

• INRIX: Transportation data and analytics provider whose parking and traffic intelligence products compete directly with TSPS's TPIMS / Osprey offering for DOT and smart-city buyers.
• Streetline: Smart-parking sensor and analytics company deploying IoT detectors and cloud platforms for real-time space availability, closely analogous to TSPS's parking-monitoring model but focused on passenger vehicles.

Emerging players

• Smart Parking Ltd: Specialist smart-parking sensor and software vendor with comparable IoT detection and SaaS model; comparable in technology stack but primarily focused on passenger-vehicle markets.
• ParkMobile: Consumer and commercial parking data and payment platform that competes at the parking-data distribution layer, comparable to TSPS's mobile-app and third-party delivery channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/tsps_inc
• Facebookfacebook.com/TruckSpecializedParkingServices
• LinkedInlinkedin.com/company/truck-specialized-parking-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Truck Specialized Parking Services