Economy

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.

Colorado business leaders are gathering support for a $3.5 billion highway bond program as the Colorado General Assembly prepares for its 2016 session.

Oregon Gov. Kate Brown will seek public input in a series of meetings beginning next month on the preliminary findings of a policy group exploring the state's transportation needs.

States will face funding challenges in 2016 as lawmakers look for ways to raise revenues for local highway projects during an election year.

Smooth sailing is seen for toll road credits in 2016, as positive performance trends are expected to continue in the new year, Fitch says.

The Federal Trade Commission has moved to block the proposed merger of Illinois-based Advocate Health Care and NorthShore University Health System citing to anti-competition concerns.

The Illinois State Toll Highway Authority board signed off on a 2016 Budget that counts on $1.3 billion in revenues for maintenance, operations, debt service, and capital costs.

An agreement to return control of the LA/Ontario International Airport from Los Angeles to an Ontario-based local authority is a positive for the Los Angeles airport but negative to the Ontario airport's credit, Moody's Investors Service said.

The Minneapolis-St. Paul Metropolitan Airports Commission won an upgrade of its subordinate bond credit after a new review.

A large operating loss cost the operator of Mission Regional Medical Center its investment-grade rating from Standard & Poor's, and notice of a technical default is expected.

Texas Department of Transportation chief financial officer James Bass will move to executive director, a job he previously held on an interim basis.