Toppoint Holdings Expands Import Drayage Operations Through Strategic Collaboration with Leading New Jersey Freight Broker and Warehousing Provider
March 04 2025 - 7:30AM
Toppoint Holdings Inc. (“Toppoint” or the “Company”) is pleased to
announce its strategic collaboration with a prominent freight
broker and warehousing third-party logistics (3PL) provider
specializing in Asian imports. Based in New Jersey, the partner
operates an 85,000 square-foot facility and has engaged Toppoint
Inc. to manage 200 import loads per month, with the potential to
increase volume up to fourfold by year-end.
This collaboration aligns with Toppoint’s
strategic growth initiatives in the import drayage sector, allowing
the Company to strengthen its presence in a rapidly expanding
market. According to Markets & Data, the global drayage
services market was valued at $22.76 billion in 2023 and is
projected to reach $30.39 billion by 2031. This growth is expected
to be driven by increasing international trade volumes and the
rising demand for efficient port-to-warehouse logistics solutions.
By leveraging Toppoint’s expertise in container logistics, the
partnership is designed to streamline freight operations, reduce
cycle times, and enhance container flow efficiency into the
warehousing facility, positioning both companies for sustained
growth in a high-demand sector.
“This new client aligns perfectly with our
expansion strategy in the drayage import vertical,” said Leo Chan,
CEO of Toppoint Holdings. “Enhancing container movement into this
facility not only improves operational efficiency for both parties
but also lays the foundation for substantial long-term growth.
Furthermore, this opportunity enables Toppoint to further enhance
efficiency, increase revenue, and reduce the carbon footprint by
eliminating the non-value-added step of picking up empty
containers. Instead, Toppoint can optimize operations by collecting
import containers and reusing them for exports. With an initial
volume of 200 loads per month and the potential to scale up to four
times that amount in 2025, this partnership is expected to generate
over $1 million in additional import revenue.”
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
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