Economy

Veronique ‘Ronnie’ Hakim returns as MTA New York City Transit president after 18 months as NJ Transit executive director.

Pat Foye, executive director of the Port Authority of New York and New Jersey, is planning to step down, the agency announced Thursday.

A $282 million federal transportation loan will finance additional lanes on an eight-mile stretch of U.S. 183 in Austin, U.S. Transportation Secretary Anthony Foxx announced.

New York’s transit workers union chief and the CEO of a paratransit vendor plan to meet again in the hopes of averting a strike over working conditions.

Legislative gridlock in Congress over long-term transportation funding is causing problems for the states.

Driven by the expansion of the U.S. federal government’s Medicaid program, spending by states in fiscal 2015 rose to its highest rate in 23 years, according to report released by the National Association of Budget Officers on Thursday.

The Chicago City Council adopted new rules governing any future asset privatization deals against a backdrop of lingering political and public anger over the city’s parking meter lease fiasco.

Higher interest rates could challenge New York’s Metropolitan Transportation Authority over the next few years, said its chief financial officer.

The Nov. 10 agreement between the town of Morristown, N.J., and Atlantic Health System on Morristown Medical Center property tax appeals could have a "ripple effect" for no-for-profit hospitals across the U.S., according to Moody's Investors Service.

Los Angeles Airport expects to be the busiest U.S. airport during Thanksgiving holiday for third year in a row.

The Senate will consider a House-approved transportation appropriations bill that keeps fiscal 2016 highway funding at fiscal 2015 levels.

The Illinois State Toll Highway Authority is highlighting to investors its double-A ratings and fiscal strength as it prices a $400 million deal against a backdrop of two recent downgrades to Illinois state general obligation bonds.

House Transportation and Infrastructure Committee leaders have introduced a bill that would extend transportation funding through Dec. 4 to give House and Senate conferees time to negotiate a multiyear measure.

The Wyoming Department of Transportation says it needs an additional $62 million per year to maintain its roads and bridges, even as a recent report concludes that the state faces a sharp drop in revenue due to a weak oil and gas market.

The Southeastern Pennsylvania Transportation Authority has opened its first new regional station in nearly 20 years as part of a public private partnership.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

A consortium of Canadian pension funds will take over the lease rights to the Chicago Skyway toll road for $2.8 billion.

Already endangered by state and federal spending cuts, many rural hospitals in Texas are facing additional strain from falling oil and gas prices.

Moody’s Investors Service has revised the University of Chicago Medical Center's outlook to stable from negative thanks to two years of stronger operating margins.

Federal, state and New York City officials met with MTA Chairman Thomas Prendergast to discuss how to fast-track Second Avenue subway line extension to Harlem.