Economy

New York MTA expects to save roughly $152 million in interest from its planned $1 billion sale of Hudson Yards lease securitization bonds, said CFO Robert Foran.

Transit providers in 13 states will share $55 million in federal smog-busting bus grants.

The New Jersey State Senate is pressing ahead with a new gas tax bill to replenish the state's Transportation Trust Fund despite opposition from Gov. Chris Christie.

Americans favor funding transportation with an increase in the federal gasoline tax dedicated to maintenance.

The Federal Transit Administration granted Honolulu additional time for a recovery plan to deal with cost overruns on its elevated rail project.

Four Ohio Congressmen are concerned that the Internal Revenue Service and Treasury Department's proposed definition of a political subdivision could impede a $35 million terminal improvement project for one of the state's regional airports.

New York MTA intends to close the Canarsie Tunnel between Brooklyn and Manhattan for 18 months beginning in 2019 to repair Hurricane Sandy damage.

The authority that runs Detroit's main airport is on the hunt for a new leader following chief executive officer Thomas Naughton's decision to retire this fall.

Gas tax collections dedicated to highway projects are expected to drop as cars become more fuel-efficient.

Uncertainty over the future of the North American Free Trade Agreement has not stopped Texas from continuing to invest in freight routes across the Rio Grande.

Some U.S. seaport ratings may change over next year but Fitch Ratings expects a mostly stable sector.

New Jersey legislative leaders are pitching a new proposal to revive the expired Transportation Trust Fund for statewide road and rail projects.

New York City officials are pressing the Port Authority of New York and New Jersey to halt an ongoing design competition for a new Manhattan bus terminal and create a more “transparent” process.

The Republican 2016 party platform calls for an end to 30 years of federal funding for public transit.

The Philadelphia Regional Port Authority has tapped Jeff Theobald of Ports America Outer Harbor in California to replace recently departed executive director James T. McDermott, Jr.

The Hawaii House and Senate overrode the governor's veto of a bill he said could lead to a downgrade of the state's bonds.

Chicago plans to sell up to $3.5 billion of O’Hare International Airport debt later this year to generate refunding savings and fund a new runway and gate expansion.

The U.S. Department of Transportation has set up a Build America Bureau that will combine bond, loan and grant programs to facilitate the development of transportation infrastructure projects throughout the country.

DALLAS -- Opponents of a privately financed, $10 billion high-speed rail system in Texas scored a victory when the federal Surface Transportation Board declined to take jurisdiction over the proposed project.

Chicago-based Presence Health Network will issue nearly $1 billion of bonds next week in a sale designed to overhaul its debt portfolio and provide some breathing room to help stabilize its balance sheet.