Toppoint Holdings Expands Into New Multi-Billion-Dollar Vertical Through Strategic Collaboration with Leading Refrigerated Logistics Provider
February 18 2025 - 8:30AM
Toppoint Holdings Inc. (“Toppoint” or the “Company”) is excited to
announce its expansion into refrigeration logistics, marking a key
milestone in its diversification strategy. Through a new strategic
collaboration with a leading refrigerated logistics provider,
specializing in the safe and efficient transport of
temperature-sensitive goods, Toppoint will manage an increasing
supply of refrigerated containers at the ports of Newark, NJ,
Philadelphia, PA, and Baltimore, MD.
Originally focused on serving small to mid-sized food companies
in the Great Lakes region, this logistics provider has grown into a
nationwide leader, delivering cost-effective cold-chain solutions
and seamless freight management. With expertise in full truckload
and less-than-truckload shipments, it optimizes refrigerated
logistics alongside a broad range of transportation services,
including dry, flatbed, and oversized freight. Trusted by
businesses worldwide, the company continues to expand its offerings
to meet the evolving demands of the supply chain industry.
This expansion enhances Toppoint’s operational resilience by
securing a consistent pipeline of work, mitigating the volatility
caused by fluctuations in ship volume and port traffic. By entering
the refrigeration logistics sector, Toppoint aims to establish more
stable revenue streams while enhancing its service offerings for
both new and existing clients.
“Expanding into refrigeration logistics is not just a logical
step for Toppoint—we believe it is a transformative move that will
strengthen our long-term growth strategy,” said Leo Chan, CEO of
Toppoint Holdings. “The global refrigerated transport market was
valued at $123.59 billion in 2023 and is projected to grow at a
compound annual growth rate (CAGR) of 8.6% through 2030, according
to Grand View Research. By leveraging our existing operational
strengths and entering this fast-growing sector, Toppoint is
positioning itself to capitalize on substantial market
opportunities while enhancing our resilience to fluctuations in
traditional container logistics.”
“This collaboration represents a seamless alignment of values
and expertise. With our proven track record in logistics and our
partner’s deep knowledge of the refrigeration supply chain, we are
confident this collaboration will deliver measurable benefits. For
Toppoint, this move secures a predictable revenue stream, improves
asset utilization, and strengthens our overall market
position.”
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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