mile·post

[mahyl-pohst]
noun
1.
any of a series of posts set up to mark distance by miles, as along a highway, or an individual post showing the distance to or from a place.
2.
a notable point or significant event in the progress or development of something; milestone.

Origin:
1760–70, Americanism; mile + post1

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Based on the Random House Dictionary, © Random House, Inc. 2013.
Cite This Source Link To milepost
Collins
World English Dictionary
milepost (ˈmaɪlˌpəʊst) [Click for IPA pronunciation guide]
 
n
1.  horse racing a marking post on a racecourse a mile before the finishing line
2.  chiefly (US), (Canadian) Also called (esp Brit): milestone a signpost that shows the distance in miles to or from a place

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Milepost is always a great word to know.
So is slumgullion. Does it mean:
a fool or simpleton; ninny.
a stew of meat, vegetables, potatoes, etc.
Example sentences
The milepost values start over again at each county line.
The milepost markers along undivided highways were collected twice, once in
  each direction where possible.
The milepost values increase from the beginning of a route within a count to
  the next county line.
Bronze sculptures, crowded milepost signs, fountains and crazy weather gauges
  present unique backgrounds for photo opportunities.
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