Economy

While spending on state highways is up, some states are falling further behind on maintenance needs, Reason Foundation says.

Moody's Investors Service downgraded Atlantic City parking fee and Atlantic City fund revenue bonds, series 2005A and 2005B, to Ba3 from Baa3.

Agreement on multi-year federal highway bill possible in post-election congressional session, Transportation Secretary Foxx says.

The Phoenix City Council has approved a $103 million construction contract for the first phase of a $590 million renovation of Terminal 3 at Sky Harbor International Airport.

The Illinois State Toll Highway Authority unveiled a preliminary 2015 budget Wednesday that relies on as much as $800 million of toll-backed borrowing to support $1.6 billion in capital spending.

Virginia officials would have to notify lawmakers about potential risks of new transportation P3 agreements under proposed guidelines.

Investors holding $113 million of bonds issued for the privately owned and operated Branson Airport in Missouri have agreed to a amended forbearance agreement that gives the struggling Ozarks air field more time to pick up operations.

Moody's Investors Service on Oct. 13 downgraded Long Beach, Calif. Airport Enterprise to A3 from A2 and revised the outlook to stable from negative affecting $117.5 million in outstanding senior airport enterprise revenue bonds.

Fitch Ratings upgraded Rady Children's Hospital and Health Center in San Diego to AA-minus from A-plus.

Treasury Secretary Jack Lew says there is a growing bipartisan consensus in Congress on long-term federal transportation spending.

Metro-North Railroad completed construction of a $5.7 million bridge in New Hamburg, N.Y.

Wisconsin voters will vote next month on whether to amend the state constitution to ban the diversion of transportation fund revenues for other expenses.

More than four decades after Southwest Airlines landed at Love Field, the Dallas airport is finally unshackled from the Wright Amendment that minimized its rivalry with Dallas-Fort Worth International.

The transit agency that provides commuter rail in the Chicago region could soon join the ranks of tax-exempt borrowers under a proposed $2.4 billion, 10-year capital program that relies on about $400 million of financing.

Raising the state gas tax and tolling East River and other bridges could help New York's MTA fill a gap of at least $15.2 billion, said former chairman Richard Ravitch.

More than four decades after Southwest Airlines landed at Love Field, the Dallas airport is finally unshackled from the Wright Amendment that minimized its rivalry with Dallas-Fort Worth International.

Illinois Gov. Pat Quinn's administration says its plan to build a $1.5 billion privately financed toll road in partnership with Indiana remains on track with the endorsement of a key Chicago area planning committee.

Sen. Barbara Boxer wants action in the House on her proposals to revive the chronically insolvent Highway Trust Fund.

Georgia officials and the U.S. Army Corps of Engineers Wednesday signed the paperwork enabling the state to use bond proceeds to begin long-awaited work on the $706 million Port of Savannah harbor expansion.

Transportation should see slow but steady growth through the remainder of 2014, Fitch said in a new sector outlook released Thursday.