Economy

Jurisdictional barriers and other frictional dynamics impede transportation infrastructure overhaul in the tri-state metro New York region.

Container volumes at the Port of Los Angeles dropped 6% in April compared to the same period last year, according to port officials.

The Central Florida Expressway Authority selected insider Laura Kelley to become the agency’s first female executive director.

The House may vote Tuesday on a two-month extension of federal transportation funding that otherwise would end May 31.

Fitch Ratings downgraded Columbus Regional Healthcare System, Ga., bonds to BB-plus from BBB following unexpected deterioration in performance.

Florida Gov. Rick Scott has ordered state agencies to prepare lists of "critical state funding needs" in the event there is a government shutdown on July 1 amid an impasse over the state's fiscal 2016 budget.

A Senate proposal would stretch the current Highway Trust Fund extension to keep federal transportation dollars flowing.

Volvo Car Corp.’s selection of Berkeley County, S.C., to locate its first U.S. factory is a credit positive for the county and the state, Moody's Investors Service said.

Michigan lawmakers are meeting for a rare summer session to try to hammer out a plan to raise new money for roads and bridges after a recent tax referendum went down in flames.

Florida’s private passenger train developer has hired Miami-based contractor Archer Western to upgrade a 66-mile segment of rail infrastructure between Miami and West Palm Beach.

Senate Environment and Public Works Committee leaders plan June vote on six-year highway bill. The Committee for a Responsible Federal Budget recommends a path for sustainable highway funding.

Against a backdrop of urgency and uncertainty, transportation advocates are offering alternative revenue streams for New York's MTA.

Colorado’s E-470 Public Highway Authority earns an upgrade to BBB-Plus from Standard & Poor’s as it prepares to refund $40 million of toll revenue bonds. The higher rating follows a similar boost from Moody’s Investors Service Feb. 20.

The developer of the private All Aboard Florida passenger train expects to complete the project even if it cannot benefit from $1.75 billion in tax exempt private activity bonds, according to documents filed in federal court.

An issuer’s fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.

Lawmakers who vote to raise state gas taxes don't face an irate electorate at the next election, according to an analysis in seven states. Rep. Deb Fischer, R-Neb., introduced a bill to create a National Infrastructure Bank.

Chicago Mayor Rahm Emanuel has tapped veteran aviation official Ginger Evans from the Metropolitan Washington Airports Authority to take the helm of the city's Aviation Department.

All federal transportation payments to states will stop as of June 1 unless Congress extends the short-term fix to the Highway Trust Fund before it expires May 31, Transportation Secretary Anthony Foxx said Monday in a letter to state transportation directors.

California has $80 billion of highway needs through 2025 with only $20 billion of available transportation funding.

A series of toll rate reductions and discounts announced by the Maryland Transportation Authority on May 7 are a credit negative for the agency's revenue bonds, according to Moody's Investors Service.