Economy

The 114-mile segment of California's high speed rail project from Fresno to Bakersfield received the record of decision from U.S. Department of Transportation's Federal Railroad Administration enabling it to break ground on that segment.

Nationwide poll finds most Americans would support a higher gas tax if revenues are dedicated to highway and transit projects.

Moody's Investors Service has downgraded the Detroit-area provider Henry Ford Health System one notch to A3, due to a deteriorating operating performance and struggles tied to implementation of a new electronic medical records system.

The Head of the Senate Finance Committee will work with chairman of House Ways and Means for a quick, temporary fix to the fast-depleting Federal Highway Trust Fund.

New York's MTA would draw down an additional $40 million annually in pay-as-you-go funding under its offer to LIRR unions, chairman Thomas Prendergast said.

Sen. Barbara Boxer supports a proposal for a six-month patch to keep the Highway Trust Fund solvent through 2014.

Moody's downgraded the ratings of King's Daughters Medical Center, Ky., to A3 from A2, with a continued negative outlook, partly because of a $41 million Department of Justice settlement.

Former U.S. Transportation Secretary Ray LaHood and former FAA chief Jane Garvey will chair an advisory commission that will study the challenges of New York's MTA.

New York's MTA revised its offer to the Long Island Rail Road workers in an attempt to avoid a strike, offering 17% pay increases over seven years, including a retroactive period

The Senate Finance Committee is scheduled to vote Thursday on a bill that would extend the authority to spend from the Highway Trust Fund through the end of the calendar year.

An upgrade from S&P helped generate $396 million worth of transportation revenue bond retail orders, according to New York's Metropolitan Transportation Authority.

New York's MTA is weighing a proposal for a 16,000-square foot eatery at Grand Central Terminal's Vanderbilt Hall, operated by restaurateur Claus Meyer.

The 2010 issuance of $165 million of Build America Bonds by Indianapolis' public hospital has thwarted a long-planned merger with another major Indiana system.

Seleta Reynolds of the San Francisco Department of Transportation was nominated Friday by Los Angeles Mayor Eric Garcetti to be the next general manager of the Los Angeles Department of Transportation.

The concession company that operates a portion of Texas' State Highway 130 toll road is negotiating with lenders as it faces default on its June 30 payments, according to Moody's Investors Service.

Three Detroit hospitals reached a final agreement to merge into a new $3.8 billion system that will be the largest in southeast Michigan.

New York City Transportation Commissioner Polly Trottenberg and Neal Zuckerman of the Metro-North Railroad Commuter Council will join the board of New York's MTA.

Moody's Investors Service has affirmed the A1 rating on Denver Airport Enterprise's $3.72 billion of revenue bonds and raised the outlook to stable from negative.

Three members of Illinois' congressional delegation are calling on the Federal Aviation Administration to complete a new environmental impact study and hold new public hearings on Chicago's $8 billion runway expansion.

Public distrust and confusion over public-private partnerships along with the lack of creative thinking on the technology front are among the constraints Chicago confronts as it looks to address its infrastructure needs, said panelists at a forum.