Economy

Florida's Martin and Indian River counties launched new legal challenges to the private All Aboard Florida passenger train project within days of a scheduled $1.75 billion bond offering.

California lawmakers are getting closer to finding more money for the state's infrastructure with less than two weeks left in the regular legislative session, though deep divides remain.

The Teamsters union and New England governors are making separate pushes for prompt action on long-term federal transportation funding.

U.S. toll roads rated by Moody's Investors Service improved their finances in fiscal year 2014, the rating agency said.

The Atlanta Streetcar is conducting a national search for an executive director, and has named former AECOM/URS Corp. transit manager Keith Jones as interim director.

A struggling hospital in an affluent Detroit suburb has merged with Ascension Health, the largest non-profit health care system in the country.

Surplus toll road revenues will fund preliminary engineering studies on a potential rapid rail segment in north central Texas.

The Tri-county Metropolitan Transportation District of Oregon will sell $133.6 million of triple-A rated payroll tax bonds Sept. 9.

Expectations of nearly $1 billion in new revenue for rebounding Michigan would not be enough to offset shortfalls if the Legislature and Gov. Rick Snyder enact a plan to rely on the general fund to finance road repairs, warns a new report.

Texas voters will consider more than $8.7 billion of local bond proposals Nov. 3 while weighing another $2.5 billion for transportation funding statewide, according to final tally of ballot items.

Latest in a series of annual polls on transportation funding finds public will accept increase of gasoline tax if revenue dedicated to road work.

Already outpacing all other issuers in the Southwest this year, the Texas Transportation Commission is going to market with $1 billion of triple-A-rated bonds.

Wisconsin takes competitive bids on $391 million of general obligation debt Tuesday with more than half earmarked for transportation projects.

The former head of the Illinois State Toll Highway Authority has joined Chicago Treasurer Kurt Summer's office.

Chicago's efforts to solve its pension funding crisis could negatively impact O'Hare International Airport's growth prospects, Moody's Investors Service warns in a new report that otherwise offered the city good credit news in affirming the airport's debt.

Illinois-based OSF Healthcare System won an upgrade ahead of its September new money and refunding sale for $367 million in recognition of its improved financial performance.

West Jefferson Medical Center, La.'s bond ratings were cut three notches to Ba2 due to a "precipitous" downturn in operating performance, Moody's Investors Service said.

State lawmakers have authorized more than $8 billion of new road bonds in 2015, with billions more of new revenues up to the voters in fall elections.

Workers began installing the first sections of rail on the Long Island Rail Road's $388 million Double Track Project, funded in the MTA capital plans.

Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.