Economy

Moody's Investors Service upgraded UMass Memorial Health Care revenue bonds out of junk to Baa3 from Ba1, affecting $265 million of rated debt.

The U.S. Department of Transportation gave All Aboard Florida another year to issue $1.75 billion of private activity bonds for its $3.5 billion passenger train project.

The South Carolina Chamber of Commerce wants a $600 million increase in annual transportation funding.

Calling for a massive overhaul of New York’s Penn Station was easy for Gov. Andrew Cuomo. Now come the questions.

The chair of California’s Assembly Committee on Transportation unveiled legislation he said would provide revenue to meet the state’s serious transportation needs.

The San Diego Association of Governments is holding public hearings to gauge public sentiment on a half-cent sales tax for transportation.

Gov. Andrew Cuomo revived long-delayed plans to overhaul New York’s Pennsylvania Station, saying “big problems require big solutions.”

States are looking at special taxes and user fees as number of alternatively fueled vehicles grow.

New York Gov. Andrew Cuomo unveiled Wednesday plans for the largest capital program in the state’s history aimed at upgrading transportation infrastructure.

New York Gov. Andrew Cuomo is proposing a third set of tracks on the Long Island Rail Road main line, saying it would address the region's infrastructure challenges while also generating an economic boost.

Louisiana needs more robust sources of transportation revenues to restore its highway system, transition panel says.

New tolled express lane west of Denver is meeting early expectations for congestion relief within the I-70 corridor.

The Regional Transportation Authority of Illinois kicks off the New Year with a rare new money borrowing as it looks to avoid state-related credit fallout.

Agreement on $29 billion in capital funding for the MTA was the best moment of the year for New York City transit riders, said the Straphangers Campaign group.

November toll traffic on the Atlantic City Expressway was down 1% from the year-earlier period, according to the South Jersey Transportation Authority.

Just how far Connecticut Gov. Dannel Malloy can advance his transportation agenda is uncertain, given the state's budget strains, high debt, and pension liability woes.

The gasoline tax and other dedicated taxes and fees provide about 70% of the funding in the new five-year, $305 billion FAST Act, but that level of support will drop to about 50% when the measure expires in October 2020, said Peter Nonis, senior manager for federal relations at the American Society of Civil Engineers.

The search for a robust revenue source to supplement or even replace the federal gasoline tax will pick up speed in 2016.

Standard & Poor's dropped Georgia's Oconee Regional Medical Center further into junk territory citing default as a "virtual certainty."

The new five-year federal transportation funding law has opportunities as well as some limits for P3 project financing.