Toppoint Holdings expands WM partnership

Toppoint Holdings Inc., a company that specializes in transporting recovered paper, scrap metal and logs for waste and recycling companies and commodity traders, has expanded its partnership with Houston-based WM following the company’s purchase of Winter Bros. Waste Systems, a Long Island, New York-based independent hauler providing solid waste management and recycling services to municipal, residential, commercial and industrial customers in Long Island. That transaction was finalized in mid-July of last year.

Toppoint, headquartered in North Wales, Pennsylvania, is expected to handle an additional 1,000 new loads annually from WM, representing an anticipated revenue impact of up to $2 million per year. Operations for this expansion are set to begin early in the second quarter of this year.

Toppoint currently transports approximately 13 percent of WM’s recyclables for export through the ports of Newark, New Jersey; Philadelphia; and Baltimore.

“Expanding our relationship with Waste Management is a testament to Toppoint’s reliability and operational excellence,” Toppoint Holdings CEO Leo Chan says. “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 says its 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.

Toppoint’s operations extend to major ports, including Newark and Philadelphia, and the company expanded into the recycling export transport markets of Tampa, Jacksonville and Miami, Florida; Baltimore; and Ensenada, Mexico, as of 2024. Toppoint also provides trucking and logistics brokerage solutions for plastic and other commodities, servicing key commercial hubs across the U.S.

Earlier this year, Toppoint closed its initial public offering of an aggregate of 2.5 million shares of its common stock at a price of $4 per share, for a total of $10 million in gross proceeds before deducting underwriting discounts and estimated offering expenses.

The company’s shares began trading on the NYSE stock exchange Jan. 22 under the ticker symbol TOPP.