The upright looks like it has a couple line of site antennas and a power/network box probably. Looks like it is running/networking the device pointed downwards. That device likely has a series of sensors for detecting vehicle traffic. This setup helps track traffic for traffic control.
Context would help. General location (state, country, etc)? What kind of road? Were you near any other car infrastructure? Are the directionals pointing at anything informative?
I suspect the box facing down is some kind of short range antenna. Like for reading toll passes kind of thing, though I doubt this is that. The directionals first reminded me of like IR sensors for like emergency vehicle signalling, but you’d normally see that on a traffic light.
Maybe radar for judging traffic load; or maybe it’s part of a toll pass system
