North Wales, Pa.-Based Toppoint Holdings Inc., a wastepaper and recycling transportation company, said the growth of the import and scrap metal industries drove its revenue expansion in 2025.
As part of its business update for 2025, the company said it was able to expand its business mix, strengthen relationships with customers across the recycling export and import supply chain, and invest in infrastructure and technology. Revenue increases, driven by strong growth in import freight and scrap metal transportation offset lower waste paper revenue, the company said.
The company, whose operations extend to major ports including Newark, N.J. and Philadelphia, said it continued to expand its footprint domestically and internationally, making progress in Ensenada, Mexico and Texas, while broadening its capabilities through import drayage growth, refrigerated logistics initiatives, and continued fleet and chassis modernization. In January 2025, the company was listed as a public company on the New York Stock Exchange.
“Compared with 2024, in 2025, Toppoint delivered revenue growth, expansion in both its import and metal businesses, and meaningful progress in diversifying the Company’s commodity mix and geographic footprint,” Hok C. Chan, CEO of Toppoint said. “While waste paper remained soft, the growth we achieved in emerging segments demonstrates the strength and adaptability of our platform. We also made important investments in chassis infrastructure, technology and operating capabilities that we believe position us to support customers more effectively.”
The company said its 3.2 percent year-over-year revenue increase reflected strong growth in import and scrap metal transportation. Import revenue increased to $4.8 million, while import loads increased 54.7 percent; scrap metal revenue increased to $2 million, while metal loads increased 94.1 percent and cash increased to $1.2 million at year end with total assets increasing to $11 million and shareholder equity increasing to $8.6 million.