Transportation industry

The Metropolitan Transportation Authority chair and CEO says changes are needed to state and federal laws and the MTA's financial structure.

Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.

Transit systems have to adjust to a new ridership reality, but some have reoriented service and prevented operating challenges from becoming credit problems.

The plan is estimated to cost about $1.8 billion for a rail system connecting downtown Oklahoma City to Edmond and Norman and $730 million for bus transit.

Financing for a nearly $500 million long-term investment plan would include as much as $250 million of revenue bonds that could be sold next year.

The currently-paused surface transportation reauthorization in a recessed Congress contains the first nationwide fee on electric vehicles.

The inspector general warned in a report that the California bullet project could run out of money for construction by December 2027.

Fitch Ratings raised the outlook on two series of sales tax revenue bonds structured as a TIFIA loan.

The California High-Speed Rail Authority and the High Desert Corridor Joint Powers Agency will cooperate, notably on the station where they plan to connect.

New leadership and private capital are part of the strategy to push the high-speed rail project to its overdue completion.

The Texas city's $943.9 million airport revenue bond issue will provide long-term financing for an expansion plan and refund some outstanding debt.

Tracking with the larger U.S. managed lane sector, the company enjoyed strong growth in its North American market.

If a fix is not found, the fate of the Highway Trust Fund will get caught up in insolvency debates, said Eno Center for Transportation.

The NJTA is planning to sell three series of revenue bonds Series 2026 A-1 ($570 million), Series 2026 A-2 ($150 million) and Series 2026B ($339.5 million), which received an A1 rating from Moody's. 

The MBTA may be moving past its days of literal train wrecks, but creating a better system is costly.

The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.

The rating agency cited improving financial metrics and the port's importance to the regional economy.

A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.

Among the reasons S&P cited for the upgrades are "very high activity levels and long history of favorable enplanement trends."

The Missouri Highways and Transportation Commission will sell the third lien state road bonds in a competitive deal set for auction on Tuesday.