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An announcement from Steer Technologies ( (TSE:ARGH) ) is now available.
Argo Corporation has renewed and expanded its Smart Routing transit agreement with the Town of Bradford West Gwillimbury through the end of 2026, adding vehicle capacity after its on-demand electric bus service replaced the town’s fixed-route system. The deployment has more than doubled average daily ridership within months, driven 5.5 times more transfers to the Bradford GO Station, and significantly extended coverage, while maintaining high rider satisfaction and sub-20-minute median wait times despite demand exceeding the original system design.
For the municipality, Argo’s service has delivered over 50% lower cost per ride and doubled vehicle utilization without increasing the transit operating budget or initial fleet size, showcasing substantial operating and capital efficiency. Building on BWG and a separate 12-month, $10.9 million downtown deployment in Brampton, Argo is positioning itself as a scalable partner for cities seeking faster, lower-cost transit upgrades, and is actively pursuing additional municipal contracts that could meaningfully expand its revenue base.
More about Steer Technologies
Argo Corporation is a Toronto-based provider of next-generation transit solutions, offering a vertically integrated, demand-responsive city transit system under its Smart Routing platform. The company focuses on augmenting municipal public transit with intelligently routed, wheelchair-accessible electric vehicles to improve coverage, efficiency, and ridership in urban and suburban markets.
Average Trading Volume: 43,905
Technical Sentiment Signal: Sell
Current Market Cap: C$92.73M
Find detailed analytics on ARGH stock on TipRanks’ Stock Analysis page.