Toppoint Holdings Inc (NYSE American: TOPP) is a freight logistics and transportation brokerage company that arranges the trucking of recyclable commodities, primarily waste paper, from collection points to container ships for export. Revenue is transactional, generated per load completed by a network of owner-operator drivers operating under Toppoint's exclusive direction. The company serves recycling centers, commodity traders, and Fortune 500 waste companies concentrated in the New Jersey and Pennsylvania region, operating under a brokerage model where owner-operators own and maintain the trucks while Toppoint manages dispatch, routing, and customer relationships. For FY2025, Toppoint completed approximately 4,152 orders involving 13,232 loads totaling roughly 496,200 tons of waste paper, hauling an average of 254 loads per week. Total revenue was $16.5 million in FY2025, up approximately 3% from $16.0 million in FY2024. The company completed its IPO on NYSE American on January 23, 2025, raising approximately $8.28 million in net proceeds. Toppoint does not pay dividends and intends to retain earnings for operations.

Revenue model

Transactional brokerage revenue earned per load completed. Owner-operators own and operate trucks under exclusive lease agreements with Toppoint, which manages dispatch, customer relationships, and freight coordination. Revenue for FY2025 was $16,548,734 and FY2024 was $16,039,513.

Products and services

Export trucking of waste paper products (core commodity), scrap metal and wood products export transport, import container drayage from ports of Newark NJ and Philadelphia PA, and logistics brokerage services for other commodities including plastics. Fleet uses 20-foot and 40-foot adjustable chassis container trucks. A proprietary telematics and dispatch system provides real-time shipment tracking with approximately 250 driver and truck location updates processed daily.

Customers and end markets

Client base includes Fortune 500 waste companies, over 207 recycling centers, and commodity traders operating in nearly 1,077 locations (as of the FY2025 10-K filing). End markets are recyclable commodity exports, primarily waste paper, and import container delivery. Customer concentration details are not disclosed in the filing excerpts.

Value-chain role

Asset-light freight broker and logistics coordinator sitting between recycling centers and commodity exporters on one side and container shipping ports on the other. Toppoint does not own trucks. Owner-operators bear vehicle ownership and maintenance costs. Toppoint provides dispatch, routing, telematics monitoring, port drayage coordination, and customer-facing logistics management.

Geographic exposure

Operations concentrated in New Jersey and Pennsylvania region. Primary port operations at Newark, NJ and Philadelphia, PA. Remote staff located in the US and overseas. Expanded import logistics through a partnership with a Vietnamese freight company as of the FY2025 filing period. Headquarters relocated to 46-58 Albert Ave, Newark, NJ 07105 on January 1, 2026.

Source: SEC 10-K, filed 2026-03-25

Industry: Trucking & Courier Services (No Air)