407 ETR
407 ETR operates Highway 407 ETR, a 108-kilometer toll highway in the Greater Toronto Area under a 99-year Ontario lease, serving individual drivers, commercial fleets, and rental car companies through transponder, video, and NextPass cross-border toll payment.
- Company typePrivate
- Founded1999
- HeadquartersWoodbridge, Canada
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What 407 ETR does
407 ETR (legal entity 407 International Inc.) operates Highway 407 ETR, a 108-kilometer controlled-access toll highway spanning 12 pricing zones across the Greater Toronto Area, Ontario, Canada. The company was founded in 1999 and operates under a 99-year lease with the Province of Ontario that runs through 2098. It employs 501-1000 staff and is headquartered in Woodbridge/Toronto, Canada. Ferrovial, through its Cintra subsidiary, holds approximately 48.29% of the company.
The core technology is open-road tolling: transponder-based electronic toll collection via 407 ETCR transponders, complemented by video tolling (license-plate recognition and invoicing) for vehicles without transponders. Toll rates vary by traffic volume across 12 zones and are adjusted strategically for demand management, with a new 2026 rate schedule effective January 1, 2026. As of 2026, 407 ETR is integrated with NextPass (a Ferrovial/Cintra platform), making it the first toll payment option covering both US and Canadian toll roads and managed lanes. The company also uses AI for transactional HR automation.
Revenue is generated almost entirely through usage-based toll collection. In 2025, 407 ETR reported CAD 2,008.5 million in revenue (up 18% YoY) and CAD 810.5 million in net income (up 17%). The company processed 121.2 million trips and 2.8 billion vehicle kilometres. Customer segments span individual drivers (transponder and plate-based billing), commercial fleets, and rental car companies (cross-border via NextPass), plus a Route Relief Program for eligible low-income drivers. Customer acquisition runs through direct electronic tolling, the NextPass channel, and community/CSR-led brand engagement.
407 ETR firmographics
Firmographics- Name
- 407 ETR
- Legal name
- 407 International Inc.
- Website
- https://407etr.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- 407 ETR operates Highway 407 ETR, a 108-kilometer toll highway in the Greater Toronto Area under a 99-year Ontario lease, serving individual drivers, commercial fleets, and rental car companies through transponder, video, and NextPass cross-border toll payment.
- Ownership category
- akta.pro rank
407 ETR industry classification
Industry- Product category
- Toll Highway Operations
- NAICS
- Urban Transit Systems (4851)
- SIC
- Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)
- akta.pro primary industry
- Electronic Toll Collection (ETC) & Transponder/Tag Systems (RFID/DSRC) (TLAJABAA)
- akta.pro secondary industries
- Back-Office Toll Transaction Processing, Billing & Customer Account Management (TLAJABAC), Interoperability & Clearinghouse Services (Multi-Agency Toll Settlement) (TLAJABAF), Tolling, Pricing & Revenue Operations (Toll Roads, Congestion Pricing, Enforcement) (BPAIALAH)
Keywords
Where 407 ETR is headquartered
LocationHeadquarters
- HQ city
- Woodbridge
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
407 ETR business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Toll Revenue: 407 ETR generates revenue primarily through toll collection from vehicles using Highway 407. The toll rates vary by traffic volume across 12 zones, with strategic rate adjustments to manage demand. Revenue for 2025 was $2,008.5 million, up 18% from 2024.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Traffic volume-based pricing across 12 zones |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
407 ETR product offering
Product offeringCore offering
407 ETR operates Highway 407 ETR, a 108-kilometer controlled-access toll highway in the Greater Toronto Area, providing electronic toll collection via transponder devices and license plate-based video tolling across 12 zones with traffic volume-based rates. Additional offerings include the Route Relief Program for low-income drivers and customer loyalty programs introduced with the 2026 rate schedule. The company has integrated with NextPass (a Ferrovial/Cintra platform) to enable transponder-less cross-border toll payment between the US and Canada.
Product overview
407 ETR operates as a toll highway operator managing Highway 407 ETR in the Greater Toronto Area, offering multiple toll payment mechanisms including transponder-based electronic toll collection and video tolling for vehicles without transponders. The core service is the 108-kilometer controlled-access toll road spanning 12 zones with traffic volume-based rates. Additional offerings include the Route Relief Program for low-income drivers and new customer loyalty programs launched in 2026. The company has recently integrated with NextPass (a Ferrovial/Cintra platform) to enable transponder-less toll payments through a unified platform, making it the first toll payment option covering both US and Canada.
Differentiator
Problem solved
Functional benefit
Products and services
- Highway 407 ETR Toll Road
- Transponder-Based Toll Payment
- Video Tolling
- Route Relief Program
- Customer Loyalty Programs
- NextPass Transponder-Less Toll Payment
Quantifiable outcome
- $1.2 billion annual socioeconomic benefit to the Greater Toronto Area
- +2 more outcomes
Companies that use 407 ETR
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
407 ETR technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature2 records
407 ETR partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- NextPass (NextMove by Cintra/Ferrovial)coreNextPass toll management platform now supports Highway 407 ETR, making it the first toll payment option to cover toll roads and managed lanes in both the United States and Canada. The service enables drivers to pay tolls without a transponder through a unified payment platform, offering transparent reporting for fleet operators.
- Toronto Blue Jayscore407 ETR announced a partnership with the Toronto Blue Jays to enhance fan experiences at Rogers Centre for the Blue Jays' 50th season. The collaboration involves in-stadium activations and aims to connect fans to the moments that matter, leveraging 407 ETR's infrastructure and community initiatives.
- Toronto Metropolitan University (TMU)core407 ETR made a $7.5 million donation to Toronto Metropolitan University to support healthcare infrastructure in Brampton. The donation was recognized through the naming of the flagship TMU Integrated Health Centre supported by 407 ETR, with an official naming and ribbon-cutting ceremony held at the facility.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
407 ETR competitors and assessment
Company assessmentDirect peers
- Transurban Group: Transurban is the largest publicly listed toll-road operator in Australia and North America (including the 495/95 Express Lanes), operating urban electronic toll roads with transponder- and video-based billing. Directly comparable business model, asset class, and revenue structure to 407 ETR.
- Abertis Infrastructures: Abertis is a global toll-road operator headquartered in Spain with major concessions across Europe, the Americas, and Asia. It operates electronic tolling infrastructure under long-term concessions — a structurally similar model to 407 ETR's 99-year Ontario lease.
- Autostrade per l'Italia (Atlantia): Atlantia, operating through Autostrade per l'Italia, manages one of the world's largest electronic toll-road networks under long-term concessions. Highly comparable in concession structure, electronic tolling model, and per-trip usage-based pricing.
- E-ZPass Group: The E-ZPass Group operates the largest interoperable electronic toll-collection network in the US across 19 agencies. Directly comparable as an electronic toll interoperability/clearinghouse platform analogous to NextPass's cross-border role for 407 ETR.
- Illinois State Toll Highway Authority: The Illinois Tollway operates a ~294-mile toll road system in the Chicago metropolitan area using I-PASS transponders and video tolling. Comparable North American electronic-tolling model and urban-corridor use case.
- Pennsylvania Turnpike Commission: The Pennsylvania Turnpike Commission operates a ~550-mile electronic toll road using E-ZPass transponders and Toll By Plate. Comparable large-scale, mixed transponder/video tolling on a dedicated highway corridor.
- North Texas Tollway Authority (NTTA): NTTA operates a regional network of toll roads in the Dallas-Fort Worth area using TollTag transponders and PayByMail video billing. Comparable mid-sized North American electronic tolling operator with similar transponder-plus-video product mix.
Broad incumbents
- Vinci Highways: Vinci Highways is the concessions arm of VINCI Group, operating toll roads and infrastructure globally. Comparable asset class and concession model, but as part of a much larger diversified construction-and-concessions portfolio.
- Cintra (Ferrovial): Cintra is the global toll-road developer and operator within Ferrovial and is the controlling shareholder of 407 ETR. Operates a portfolio of electronic toll-road concessions worldwide; relevant as the parent and as a directly comparable global concession operator.
Others
- Macquarie Asset Management (MIRA): MIRA is a major infrastructure investor that owns and manages toll-road assets globally (e.g., acquired a stake in the Indiana Toll Road). Comparable as an institutional owner/operator of long-duration toll-road concessions, though with a broader infrastructure mandate.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
407 ETR social profiles
Digital presence407 ETR financial estimates
Financial estimateRevenue estimate
Valuation estimate
407 ETR leadership team
Management profileNumber of profiles
Profiles6 records
407 ETR funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
407 ETR M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 407 ETR
What does 407 ETR do?
407 ETR operates Highway 407 ETR, a 108-kilometer controlled-access toll highway in the Greater Toronto Area, providing electronic toll collection via transponder devices and license plate-based video tolling across 12 zones with traffic volume-based rates. Additional offerings include the Route Relief Program for low-income drivers and customer loyalty programs introduced with the 2026 rate schedule. The company has integrated with NextPass (a Ferrovial/Cintra platform) to enable transponder-less cross-border toll payment between the US and Canada.
Is 407 ETR a public or private company?
407 ETR is a private company. It is classified as corporate owned and is currently operating.
When was 407 ETR founded?
407 ETR was founded in 1999. It employs 501 to 1,000 people.
Where is 407 ETR based?
407 ETR is headquartered in Woodbridge, Canada, in the North America region.
How does 407 ETR make money?
One revenue line is on record: toll Revenue.
Who are 407 ETR's main competitors?
Direct peers on record are Transurban Group, Abertis Infrastructures, Autostrade per l'Italia (Atlantia), E-ZPass Group, Illinois State Toll Highway Authority, Pennsylvania Turnpike Commission and North Texas Tollway Authority (NTTA). Broad incumbents are Vinci Highways and Cintra (Ferrovial). Macquarie Asset Management (MIRA) is listed as an others.
Does 407 ETR have an API?
No public API is recorded for 407 ETR.
What industry is 407 ETR in?
407 ETR's product category is Toll Highway Operations. Its primary akta.pro industry code is TLAJABAA, Electronic Toll Collection (ETC) & Transponder/Tag Systems (RFID/DSRC), with a secondary code of TLAJABAC, Back-Office Toll Transaction Processing, Billing & Customer Account Management. Its NAICS code is 4851 and its SIC code is 4100.