Blue Water Bridge tolls increasing, going cashless April 1
Effective April 1, the toll rate for cars, extra axles and trucks will all move to $7, up from $4.50, $4.50 and $5 respectively, FBCL said Thursday in a news release.
The corporation says it will also transition to fully cashless tolling at the same time.
"These changes represent a significant step forward in modernizing the Blue Water Bridge," said Karen Richards, chief operating officer at FBCL.
"By transitioning to cashless tolling, we are streamlining operations, reducing processing time at the toll booths and minimizing wait times for travellers."
Cashless tolling aligns with industry best practices: FBCL
According to FBCL, the adjusted toll rates are necessary to address rising maintenance and capital costs, ensuring sufficient funding for future infrastructure projects at the bridge, including ongoing maintenance and planned upgrades.
FBCL says it conducts semi-annual toll rate reviews, with the next review scheduled for Oct. 1, 2025.
Meanwhile, FBCL says the shift to cashless tolling "will result in faster transaction times, reducing wait times and lowering our environmental footprint by minimizing vehicle idling."
The corporation says the bridge successfully implemented temporary cashless tolling during the pandemic.
The bridge recently expanded accepted payment methods to include American Express (AMEX) and Discover credit cards for all U.S.-bound toll transactions. FBCL says these, along with existing debit and credit card options and the ConneXion pre-paid toll program, give travellers a variety of convenient and secure payment choices.
There will be no increase to tolls for passenger vehicles in the ConneZion program.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
5 days ago
- Globe and Mail
AmEx Gets a Taste of Toast: And a Bigger Bite of Hospitality?
American Express Company AXP has formed a multi-year strategic partnership with Toast, Inc. TOST, a restaurant technology platform, to elevate hospitality experiences. As part of this move, AmEx is integrating guest data from its restaurant reservation platforms, Resy and Tock, into Toast's hardware and software systems. This means servers using Toast Go handhelds or POS terminals will now be able to access real-time guest preferences, enabling more personalized service. In addition, Resy and Tock listings will become visible on Toast's platforms, like Local by Toast and Toast Tables. This partnership is important because it strengthens AmEx's position in the restaurant and hospitality ecosystem. By merging its dining network with Toast's operational tools, AXP creates a more seamless guest experience while expanding its influence over the customer journey, from reservation to payment. It also helps differentiate AXP from competitors by linking card membership to exclusive, data-enhanced hospitality services. Financially, AmEx stands to benefit through increased cardmember engagement and spending. More personalized experiences can drive higher loyalty and usage of AmEx cards at participating venues. Restaurants using Toast may prefer AmEx partnerships due to the enhanced marketing, visibility and data access, potentially improving retention and attracting more restaurants to its platform. Overall, the collaboration positions AXP to deepen customer relationships and expand merchant acceptance, while Toast gains access to new traffic sources and tools to boost hospitality outcomes. Moves like this signal AmEx's growing focus on tech-savvy Millennials and Gen-Z consumers, who tend to spend more than their older counterparts. AmEx's Full-Course Advantage Over Visa & Mastercard AmEx sets itself apart from peers like Visa Inc. V and Mastercard Incorporated MA by integrating deeply into the hospitality journey, not just at payment, but from reservation to service. Through partnerships and acquisitions, AXP offers personalized dining experiences, like servers accessing guest preferences in real time. This end-to-end control allows AmEx to create value beyond transactions, reinforcing its premium image. Visa and Mastercard, as payments-focused networks, lack similar consumer-facing platforms. By owning key touchpoints and enhancing loyalty through exclusive services, AXP positions itself as more than a payment processor; it's a hospitality partner, offering benefits that peers cannot easily replicate. AmEx'sPrice Performance, Valuation and Estimates Shares of AXP have declined 0.5% in the year-to-date period against the industry 's growth of 2.3%. From a valuation standpoint, AmEx trades at a forward price-to-earnings ratio of 17.87X, down from the industry average of 20.89. AXP carries a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for AmEx's 2025 earnings is pegged at $15.26 per share, implying a 14.3% jump from the year-ago period. Image Source: Zacks Investment Research The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Beyond Nvidia: AI's Second Wave Is Here The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years. See "2nd Wave" AI stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report Toast, Inc. (TOST): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Globe and Mail
5 days ago
- Globe and Mail
2 No-Brainer Fintech Stocks to Buy With $2,000 Right Now
Key Points American Express is a stalwart of premium credit cards and is increasingly attracting younger customers. Remitly Global's stock has been crushed, but it's still cheap despite concerns about immigration restrictions on its operations. Both stocks are good fintech companies to own for the long haul. These 10 stocks could mint the next wave of millionaires › Sometimes -- well, maybe most of the time -- the best thing an investor can do is keep it simple. Don't complicate your portfolio, don't chase the hottest sector trends, don't trade on margin. Stay consistent, and your wealth will start to compound if you keep focused on the long term. Nine times out of 10, this will beat the so-called advanced strategies purported to work by Wall Street. You don't have to start with large sums, either, to be a successful investor. With just a few thousand dollars, you can start generating compound returns by taking a few minutes to open up a brokerage account and buy stocks. Here are two no-brainer financial technology (fintech) stocks you can buy with just $2,000 right now. The American Express credit card ecosystem Founded in 1850, American Express (NYSE: AXP) is one of the oldest financial services companies. Its business has evolved many times over the years to serve the needs of U.S. travelers around the world. Today, it has an ecosystem of credit cards, travel rewards, and digital financial services catering to wealthier customers as well as businesses. The high fees for its Gold and Platinum cards come with rewards for dining, entertainment, and travel spending. These have led to partnerships with companies such as Hilton and several international carriers as well as Delta Air Lines. An increasing number of its newest cardholders are millennials and Gen Zers, drawn by its premium brand and its travel benefits. Last quarter, it added 3.1 million net new credit cards, with 63% of its consumer additions coming from these two age groups. These cardholders bring with them large lifetime value as they reach their prime spending years. Last quarter, revenue rose 9%, and adjusted earnings per share (EPS) climbed 17% due to operating leverage and steady share buybacks. This year, it expects EPS of $15 to $15.50. With the current share price at about $300, this gives it a forward price-to-earnings ratio (P/E) of less than 20. For a company that has a long growth runway for its credit card business, investors should have no problems buying and holding American Express for many years. Remitly Global's disruptive success Because of recent U.S. policy changes on immigration, the amount of remittances sent back to Mexico has begun to fall and were down 16% in June. This has caused investors to flee from Remitly Global (NASDAQ: RELY), whose shares are down almost 40% from highs set earlier this year. This drop is overplayed and reflects an underestimation of the growth potential for this disruptor specializing in remittance payments. Remitly has gained market share in such payments since being launched in 2011 due to its easy-to-use smartphone app, various payout methods, and lower fees than legacy competitors. In the first quarter, payments volume grew 41% year over year to $16.2 billion, greatly outpacing the industry averages. Growth may slow through the rest of 2025 if the Mexican corridor gets hit, but this is not a killer for the business. It has just an estimated 2% to 3% market share of international money transfers from individuals, a figure that can easily expand in the years to come. Mexico is just one of its corridors, and even if it is affected by new immigration policies temporarily, over the long run remittances have increased between the countries due to inflation and economic growth. Revenue rose 34% year over year in the first quarter and was $1.36 billion during the past 12 months. Assuming growth slows to 20% for the next three years, revenue will hit $2.34 billion. Profit was once elusive for the company, but it is beginning to rapidly increase its earnings power due to its growing scale. Last quarter, income was $11.4 million, with a 16.2% profit margin as measured according to adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Remitly has the potential to see much wider net income margins in the years to come. If profit margins can expand to 20%, annual earnings will grow to $469 million within three years. Today, the stock has a market cap of just $3.4 billion and a forward P/E of 7 based on these earnings estimates. Wall Street is overestimating how much new immigration policies will hurt Remitly's business in the coming years, making the stock dirt cheap for investors willing to hold for the long haul. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,026%* — a market-crushing outperformance compared to 180% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025
Globe and Mail
6 days ago
- Globe and Mail
American Express to Participate in Barclays Global Financial Services Conference
American Express Company (NYSE: AXP) today announced management participation in the Barclays Global Financial Services Conference on Tuesday, September 9, 2025, beginning at 9:00 a.m. (ET). A live audio webcast of the discussion about the company's business strategy and financial performance will be accessible to the general public through the American Express Investor Relations website at An audio replay of the discussion will be available after the event at the same website address. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With over a hundred million merchant locations across our global network, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and The above-referenced discussion may include forward-looking statements that are subject to risks and uncertainties and speak only as of the date on which they are made. Important factors that could cause actual results to differ materially are set forth in the company's filings with the U.S. Securities and Exchange Commission.
