Toppoint Holdings Expands Partnership with Waste Management; Projected to Add 1,000 New Loads and Up to $2M in Annual Revenue
05 February 2025 - 12:30AM
Toppoint Holdings Inc. (“Toppoint” or the “Company”) is pleased to
announce an expansion in its partnership with Waste Management,
further strengthening its position as a critical transportation
partner in the waste and recycling logistics sector.
Following Waste Management’s successful acquisition of Winter
Brothers Waste Systems, Toppoint is expected to handle an
additional 1,000 new loads annually from Waste Management,
representing an anticipated revenue impact of up to $2 million per
year. Operations for this expansion are set to commence in early Q2
2025.
Toppoint currently transports approximately 13% of all Waste
Management’s recyclable materials for export through the ports of
Newark, Philadelphia, and Baltimore. This latest expansion
underscores Toppoint’s continued growth and strategic importance
within the waste and recycling supply chain.
“Expanding our relationship with Waste Management is a testament
to Toppoint’s reliability and operational excellence,” said Leo
Chan, CEO of Toppoint Holdings. “We are committed to providing
best-in-class logistics solutions, and this additional volume
allows us to further enhance efficiency and our service to one of
our largest customers.”
The additional freight volume aligns with Toppoint’s growth
strategy, which focuses on increasing operational scale, optimizing
logistics efficiency, and expanding its footprint in key markets.
The Company’s established presence in the wastepaper, scrap metal,
and commodities transport sectors provides a strong foundation for
continued expansion.
The global waste and recycling logistics industry is poised for
sustained growth, with increasing demand for environmentally
responsible transportation solutions. Toppoint’s ability to provide
cost-effective and scalable logistics solutions positions it to
capitalize on market opportunities and further solidify its role as
a leading provider in this essential sector.
About Toppoint Holdings Inc.
Established in 2014 and headquartered in North Wales,
Pennsylvania, Toppoint Holdings Inc. specializes in the transport
of wastepaper, scrap metal, and wooden logs for large waste
companies, recycling centers, and commodity traders. The Company’s
operations extend to major ports, including Newark, NJ, and
Philadelphia, PA. With a commitment to growth and innovation,
Toppoint Holdings recently expanded into the recycling export
transport markets of Tampa, Jacksonville, and Miami, FL; Baltimore,
MD; and Ensenada, Mexico, as of 2024. The Company also provides
trucking and logistics brokerage solutions for plastic and other
commodities, servicing key commercial hubs across the U.S. For
additional information, please go to
https://toppointtrucking.com/
FORWARD-LOOKING STATEMENTS
Certain statements in this press release are “forward-looking
statements” as defined under the federal securities laws. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company’s current expectations
and projections about future events that the Company believes may
affect its financial condition, results of operations, business
strategy and financial needs. Investors can find many (but not all)
of these statements by the use of words such as “believe,” “plan,”
“expect,” “intend,” “should,” “seek,” “estimate”, “will”, “aim” and
“anticipate”, or other similar expressions in this press release.
The Company undertakes no obligation to update or revise publicly
any forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s registration statement and other
filings with the SEC.
Investor Relations Inquiries:Crescendo
Communications, LLC212-671-1020TOPP@crescendo-ir.com
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