Economy

Moody's Investors Service lowered the outlook on its Baa1 rating for Galveston Wharves to negative, citing reduced cargo and passenger volumes.

U.S. Sen. Jay Rockefeller wants to know why the Port Authority of New York and New Jersey closed lanes on the George Washington Bridge in September.

Arizona counties are organizing a 2014 effort to restore local highway and road funds lost during the budget crises of the past five years.

Austin will create transportation infrastructure zones around proposed commuter rail stations under a city council agreement.

Kentucky closes on $728 million in bonds and notes Friday, bringing the average cost of financing its Ohio River Bridges Project to 4.4%

The federal Maritime Administration is teaming up with financial experts to help ports develop infrastructure projects that attract private and public capital investments.

A Mississippi Senate highway committee is considering a half-cent sales tax hike to increase revenues for road and bridge maintenance in the state.

A controversial $1.3 billion toll road linking Indiana and Illinois advanced last week when an Indiana planning council approved the plan.

The Foothill-Eastern Transportation Corridor Agency achieved its stated goal of reducing debt payments by $975 million through 2040 with a $2.3 billion refinancing that priced late in the day on Dec. 12.

Six potential private-sector partners responded to Maryland's proposal to fund, build and operate a $2.2 billion light rail commuter line under the state's newly adopted public-private partnership law.

The Illinois Finance Authority board gave a green light to two healthcare financings and renewed executive director Chris Meister's appointment for another year.

Virginia has 19 private-sector proposals in its quest for innovative solutions to develop and finance capacity additions to a congested interstate highway.

The not-for-profit health care sector has reached a negative tipping point, warned Standard & Poor's, which also said new health care law could start to impact states' larger credit profiles.

Regional Transportation Authority of Illinois head Joseph Costello will retire from the agency where he has worked for the last two decades first as fiscal chief and then as executive director.

Moody's will extend its stable outlook to the airport sector in 2014 as more passengers will provide more support for new money debt.

Hartsfield-Jackson Atlanta International Airport soon begins searching for a new general manager to replace Louis Miller who retires Jan. 3.

Chicago Mayor Rahm Emanuel and Illinois Gov. Pat Quinn last week announced plans for a nearly $500 million overhaul of the Chicago Transit Authority's rail transit line to O'Hare Airport.

Pennsylvania's transportation bill is positive for the state and the Turnpike Commission, and could trigger a similar move to tackle pension liability, said Fitch.

American Airlines emergence from Chapter 11 and merger with US Airways Group Inc. officially took off Monday as trading on the new company began.

A public-private partnership at the airport in Gary, Ind. will drive $100 million of investment over the next 40 years, the airport announced Monday.