Overview
407 ETR, also known as the Express Toll Route, is a integral transportation link spanning 108 kilometers across the Greater Toronto Area (GTA). It holds the distinction of being the world's first all-electronic toll highway, offering an open-access system that enhances regional mobility. The company offers a 99% trip reliability rate, ensuring punctuality for both business deliveries and meetings. Its focus remains on improving travel times, optimizing revenue, and enhancing customer experiences through seamless electronic toll systems.
Leadership Team
The strategic direction of 407 ETR is guided by a notable leadership team instrumental in promoting operational excellence and innovation:
- Javier Tamargo, President and CEO since September 4, 2020. Previously VP Commercial Director at Cintra.
- David McFadden, Q.C., Board of Directors Chair.
- Geoffrey Liang, Chief Financial Officer since 1999.
- Greg MacKenzie, Chief Legal Officer and Corporate Secretary.
- Karina Luquetti, VP of Business Process Optimization and Strategy.
- Brian Fernandes, Chief Internal Auditor & Ombudsman.
- Steve Spencer, Director of Communications and Government Relations.
These leaders collectively oversee finance, legal compliance, and infrastructure development.
Recent Developments
In 2024, 407 ETR introduced a New Route Relief Program aimed at aiding low-income drivers in accessing Highway 407 ETR. The parent firm, 407 International Inc., reported a Q3 revenue of $487 million, highlighting financial strength. In October 2024, they issued $500 million in medium-term notes at a 4.54% interest rate, reflecting investor confidence. Additionally, 407 ETR received accolades for workplace safety with four million hours without lost-time injuries and the 2024 Diversity, Equity, and Inclusion award from the IBTTA.
Community and Environmental Initiatives
The company demonstrates strong social responsibility, investing $1.7 million towards GTA community sponsorships, donations, and free travel. Environmentally conscious efforts include planting 10,000 trees along the 407 ETR corridor, aiming to lower collision rates compared to other highways.
Contact Information
- Business inquiries: Email Sales@407etr.com or call 1-888-407-7259 (Monday to Friday, 8:30 am to 4:30 pm).
- Customer service: 1-888-407-0407 during business hours.
Competitor Profiling
Overview
407 ETR operates prominently in the Canadian transportation infrastructure sector, primarily in Ontario. The company maintains a significant market presence and competitive edge.
Company Performance and Workforce
With an annual revenue of approximately $652.5 million and employing 1,421 people, 407 ETR stands as a major entity within the highway management domain.
Competitive Landscape
Key competitors include:
- Red Arrow Motorcoach: An Alberta-based motorcoach operator offering luxury transport, recently expanded into Ontario.
- CDPQ Infra: Specializes in large public infrastructure projects in Canada, including Montréal's Réseau express métropolitain.
- Energy Transportation Group: Provides freight logistics across North America.
Further rivalry comes from ACS of Spain and Ferrovial, which show interest in 407 ETR's expansion opportunities.
Strategic Alliances and Market Position
407 ETR benefits from its unique positioning by operating one of North America's premium highway systems, parallel to the congested 401, offering a crucial transit route.
Recent Developments
Competition for contracts related to the expansion of the 407 ETR highway highlights the competitive environment.
Industry Trends and Insights
The Canadian demand for effective transport networks, particularly in urban zones like Toronto, remains high. Companies like 407 ETR are favorably positioned amidst trends emphasizing sustainability and efficiency in urban transportation.
Market Position
407 ETR sustains a robust market position in Canada's transportation infrastructure industry, leveraging strategic placements and adapting to urban transport trends. The company's financial health and workforce strength underpin its competitive standing and growth potential.
