Toppoint Holdings Expands and Modernizes Chassis Fleet to Enhance Operational Efficiency
19 March 2025 - 12:00AM
Toppoint Holdings Inc. (“Toppoint Holdings” or the “Company”) is
pleased to announce the expansion and modernization of its
operating chassis fleet. The fleet has been upgraded with
state-of-the-art 20/40 adjustable chassis, replacing the previous
standard 40-foot models. This investment significantly enhances the
Company’s ability to execute double moves per container, allowing
for the efficient handling of both imports and exports in a single
trip—reducing empty miles and increasing cost-effectiveness.
Prior to this upgrade, the average age of
Toppoint’s chassis was nine years, with the fleet primarily
consisting of standard 40-foot models. The transition to a nearly
brand-new fleet of adjustable chassis enhances the Company’s import
and export operations by eliminating unnecessary chassis swaps,
optimizing backhaul opportunities, and improving overall freight
efficiency. The ability to transport both 20-foot and 40-foot
containers with a single chassis directly supports Toppoint’s
strategy to streamline logistics, reduce congestion at ports, and
improve turnaround times.
“As we expand our import vertical and capitalize
on the efficiency of double moves per container, having the right
equipment is essential,” said Leo Chan, CEO of Toppoint Holdings.
“Upgrading to a nearly brand-new fleet of adjustable chassis allows
us to seamlessly transport both 20-foot and 40-foot containers
without the inefficiency of swapping trailers. This investment
enhances our capacity to handle increased volumes while minimizing
operational disruptions, reducing repair costs, and improving
service reliability. By modernizing our fleet, we are strengthening
our competitive position in high-volume import and export markets,
optimizing efficiency at key ports, and enabling drivers to
complete both inbound and outbound moves in a single trip. This
upgrade significantly reduces downtime, enhances asset utilization,
and improves overall supply chain fluidity—reinforcing our
commitment to operational excellence, cost efficiency, and
sustainable growth.”
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 filings with the SEC.
Investor Relations Inquiries:Crescendo
Communications, LLC212-671-1020TOPP@crescendo-ir.com
Toppoint (AMEX:TOPP)
Historical Stock Chart
From Mar 2025 to Apr 2025
Toppoint (AMEX:TOPP)
Historical Stock Chart
From Apr 2024 to Apr 2025