NextPass Expands Toll Payment Service to Highway 407 ETR in Toronto

NextMove by Cintra (FER) expanded its NextPass toll payment platform to include Toronto’s Highway 407 ETR, making it the first option covering toll roads and managed lanes in both the US and Canada.

Rhea-AI Summary

NextMove by Cintra (FER) expanded its NextPass toll payment platform to include Toronto’s Highway 407 ETR, making it the first option covering toll roads and managed lanes in both the US and Canada. Fleets and consumers get transponder-less toll payments with unified, near real-time billing.

Positive

• NextPass now covers toll roads and managed lanes in both the US and Canada
• Service expansion to Toronto’s Highway 407 ETR broadens addressable user base
• Fleets can bulk upload vehicles and access detailed trip-level toll reporting
• Consumers and out-of-province drivers gain unified, transponder-less toll payment across borders

Negative

• None.

Argus May 14 session

+0.24% close to close Open Argus

Details

News Market Reaction – FER

In the May 14 session, FER gained 0.24%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights the extension of Ferrovial’s NextPass toll management platform to Highw...

Analysis

This announcement highlights the extension of Ferrovial’s NextPass toll management platform to Highway 407 ETR in Toronto, creating a unified, transponder‑less payment option across the U.S. and Canada. It aligns with Ferrovial’s emphasis on North American highways and managed lanes. Recent history of strong revenue, EBITDA growth, dividends, and buybacks underscores a broader strategy of monetizing and enhancing toll‑road assets. Investors may watch future disclosures for usage metrics, revenue contribution, and any follow‑on digital tolling initiatives tied to this expansion.

Historical Context

5 past events · Latest: May 07

5 events

1. May 07

   Q1 2026 earnings

   24h Move

   +0.6%

   Solid Q1 growth driven by North American highways and strong liquidity.

2. Feb 25

   FY 2025 results

   24h Move

   -0.5%

   Strong revenue and EBITDA growth but lower net profit versus prior year.

3. Dec 13

   Nasdaq‑100 inclusion

   24h Move

   +1.1%

   Announcement of joining Nasdaq‑100, highlighting global growth strategy.

4. Dec 12

   New buyback program

   24h Move

   +1.1%

   Launch of new share repurchase program up to €800M and 15M shares.

5. Dec 03

   Dividend declaration

   24h Move

   +1.9%

   Announcement of EUR 0.0770 per‑share cash dividend distribution.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

managed lanes

1 terms

managed lanes technical

"first toll payment option to cover toll roads and managed lanes in both the United States"

Managed lanes are specific highway lanes that are actively controlled—by tolls, vehicle restrictions, or variable access—to keep traffic flowing faster than adjacent lanes. Think of them as an express checkout lane that charges a fee or reserves space for certain users to reduce wait times. They matter to investors because they can create steady toll revenue, change traffic patterns that affect broader road usage, and involve long-term contracts or government approvals that influence project risk and returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Fleets and Consumers Moving Across Both US and Canada Now Have Access to Unified Transponder-less Payment Option, for the First Time

AUSTIN, Texas, May 14, 2026 /PRNewswire/ -- NextMove by Cintra, a Ferrovial company, today announced that its NextPass toll management platform now supports Highway 407 ETR, and is the first toll payment option to cover toll roads and managed lanes in both the United States and Canada.

NextPass delivers a toll payment experience without a transponder, adding an unparalleled level of convenience and peace-of-mind to drivers.

"Consumers and Fleets have long been frustrated by having to juggle transponders and figure out how to pay for tolls when moving across regions or countries," said Brad Wright, CEO, NextMove by Cintra. "In partnership with 407 ETR, we've been able to remove complexity and make tolling easier and interoperable for millions of vehicles that move between both countries."

Fleets can sign up for NextPass by registering at NextPass.io/fleets, where they can bulk upload vehicles and receive access to transparent reporting, including details around toll trips by vehicle, day, and the toll segment.

"We have been using NextPass for several months, and have been impressed with their transparency, level of service, and our reduction in operational cycles," said Ben Stoner, Chief Financial Officer, GSP Transportation, Inc., a rental car operator in South Carolina. "Once our vehicles are rented, we have no control over where they go. NextPass ensures that tolls are covered, and we don't have to deal with tolling notices and fees. It's great to see that Toronto is now covered as well."

Consumers can sign up for NextPass at NextPass.io, or by downloading the NextPass app and registering vehicles in it. All vehicles enrolled in the NextPass service have access to Highway 407 ETR.

"NextPass is the perfect option for out-of-province and US drivers who want an easy, near real-time billing option when travelling to Toronto and for Canadians travelling across the US," said Jose Espinosa, President & CEO, 407 ETR. "With NextPass, drivers can focus on what matters most – making memories at the next destination of their road trip – not figuring out how to pay for tolls."

About NextMove by Cintra

Based in Austin, Texas, NextMove is advancing the technology innovations that are shaping the future of mobility. It is a subsidiary of Cintra, a Ferrovial company, which operates toll roads and managed express lanes to provide congestion relief in fast‑growing regions around the world. Learn more at NextMoveByCintra.com.

About Ferrovial

Ferrovial is a leading global infrastructure company transforming highways, airports, and energy around the world. Its distinctive integrated business model supports the entire lifecycle of complex projects, from design and financing to construction, operation and maintenance. The company has a global presence and employs more than 22,500 people worldwide. North America is Ferrovial's growth engine, where it developed and is currently operating five Express Lanes across Texas, North Carolina and Virginia, and is managing the 407 ETR highway in Toronto, Canada. The company is also leading the development of the New Terminal One at JFK International Airport. Ferrovial shares trade under the ticker symbol FER on three stock markets: U.S. (Nasdaq‑100 Index), Spain (IBEX‑35), and the Netherlands. The company is included in globally recognized sustainability indices such as the Dow Jones Best in Class Index.

About 407 ETR 

Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 

407 International Inc. is the sole shareholder of 407 ETR and is owned by: 

• Cintra Global S.E., a subsidiary of Ferrovial S.A. (48.29%) 
• Canada Pension Plan Investment Board (CPP Investments) and other institutional investors with non-controlling interests (44.20%) 
• Public Sector Pension Investment Board (PSP Investments) (7.51%) 

View original content to download multimedia:https://www.prnewswire.com/news-releases/nextpass-expands-toll-payment-service-to-highway-407-etr-in-toronto-302772562.html

SOURCE Ferrovial

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NextMove by Cintra (FER) announce about NextPass and Highway 407 ETR on May 14, 2026?

NextMove by Cintra announced that its NextPass toll management platform now supports Toronto’s Highway 407 ETR. According to NextMove, this makes NextPass the first toll payment option covering toll roads and managed lanes in both the United States and Canada with one unified service.

How does the NextPass expansion to Highway 407 ETR benefit fleets using FER’s NextMove platform?

Fleets can now cover trips on Highway 407 ETR through NextPass without transponders. According to NextMove, fleet users can bulk upload vehicles, receive transparent reporting by vehicle, day and toll segment, and reduce time spent managing toll notices and related administrative processes.

How can consumers sign up for NextPass to use Highway 407 ETR and US toll roads?

Consumers can enroll in NextPass at NextPass.io or by downloading the NextPass app. According to NextMove, once vehicles are registered, they gain access to transponder-less toll payment on Highway 407 ETR and supported toll roads and managed lanes across the United States.

Why is NextPass useful for out-of-province and US drivers travelling to Toronto’s Highway 407 ETR?

NextPass offers an easy, near real-time billing option for out-of-province and US drivers using Highway 407 ETR. According to 407 ETR, the service lets travelers focus on their trips rather than figuring out different toll payment methods when crossing borders or regions.

What reporting features does NextPass provide fleets after its expansion to Highway 407 ETR?

NextPass provides fleets with transparent toll reporting that includes details by vehicle, day and toll segment. According to NextMove, these features help fleet operators track toll usage, understand trip patterns and reduce operational cycles associated with processing toll notices and extra fees.

What feedback have fleet customers given about using NextPass before and after 407 ETR coverage?

A fleet customer reported being impressed with NextPass transparency, service level and reduced operational cycles. According to GSP Transportation’s CFO, NextPass ensures tolls are covered on rented vehicles, avoiding toll notices and fees, and the addition of Toronto coverage is viewed positively.