Industries

Dennis Reilly will leave the conduit issuer after 26 years to focus on establishing a not-for-profit lending footprint for Fifth Third in Wisconsin.

It's the latest salvo in a growing controversy over the Federal Highway Administration's December memo discouraging states from building new highway capacity.

Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.

The two Michigan-based systems completed their merger amid stepped-up federal anti-trust scrutiny but have not yet announced any changes to their existing debt portfolios.

Restricting the use of IIJA funds for new highway capacity "flies in the face" of Congressional intent, said Sen. Mitt Romney.

Tax revenue declines and urban sprawl are among the possible unintended consequences of the rise in automated vehicles.

Public-private partnerships can play a big role in U.S. transportation over the next decade, DOT Secretary Pete Buttigieg told governors.

States want "maximum flexibility" when it comes to implementing the $7.5 billion program in the Infrastructure Investment and Jobs Act.

Moody’s also assigned an A1 to the authority's $950 million of forward delivery refunding bonds.

S&P raised the Metropolitan Nashville Airport Authority, Tennessee's senior-lien airport revenue bonds issued for the Nashville International Airport to A-plus.

Cancellations due to fears of omicron are putting a damper on cruise bookings, says Fitch's Emma Griffith, who adds there is still a lot of pent-up demand.

Better communication will be key in future P3s, a top Maryland transportation official said.

The Federal Highway Administration has acknowledged it lacks the authority to tell states how to spend federal infrastructure dollars, AASHTO said.

Schank, who will be a managing principal at the private consultancy, said he accomplished the goals he set when he moved to LA Metro seven years ago.

The investment could repair 15,000 bridges across the country and requires states to set aside at least 15% for local bridges.

The latest round of federal aid is not enough to move the needle over the long term.

With an insolvent Highway Trust Fund, alternatives to the federal fuel tax are more important than ever.

If it clears the legal hurdle, the company that owns the $30 billion project may seek a $12 billion Railroad Rehabilitation and Improvement Financing loan.

The rating agency is keeping the not-for-profit hospital sector's outlook stable as hospitals continue to benefit from the impact of federal coronavirus relief.

The number of hospital mergers and acquisitions dropped last year and the pandemic and federal government's actions may influence the 2022 picture