Element Fleet Management expands partnership with Waymo in Toronto
What happened
Element Fleet Management Corp. announced financial results for the three and nine-month periods ended September 30, 2026, reporting net revenue of $321 million, which increased 5% year-over-year. The company also announced it expanded its strategic partnership with Waymo to support autonomous mobility operations in Toronto.
From northernnews.ca
Why it matters
The partnership expansion accelerates the deployment of autonomous vehicles in Toronto. Element Fleet Management Corp. reported resilient earnings growth, with Adjusted2diluted EPS rising 6% to $0.35 and Adjusted2free cash flow per share climbing 7% year-over-year to $0.45.
A partnership between Waymo and Element Fleet Management accelerates the deployment of autonomous vehicles.
From northernnews.ca
Who's involved
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The entities involved
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Toronto
capital and largest city of the province of Ontario, Canada