Transportation industry

Plano is the first of six Dallas Area Rapid Transit member cities to cancel a May 2 election to drop out of the agency, while others could follow suit.

Gov. Gavin Newsom signed a bill authorizing $590 million of loans to keep public transit operators around San Francisco running amid post-pandemic conditions.

The Fortress Investment Group-backed railroad will be penalized with a 2% step-up in the interest during that time, according to a filing.

The sprawling Dallas-Fort Worth metroplex served by three transit agencies could see more regionalization of services in the future.

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

The state sold the debt in a competitive auction Tuesday morning, with interest rates landing in the low 3% to high 4% range across maturities.

A Senate bill would introduce public-private partnerships for transportation projects, while another would transfer ownership of roads to localities.

Wells Fargo Securities will price for the Chicago Transit Authority $575 million of first and second lien sales tax receipts bonds on Thursday, Feb. 5.

The rail tunnel connecting New York and New Jersey is well underway, but the project can't continue without federal funds the adminstration has choked off.

Addison is the sixth of Dallas Area Rapid Transit's 13 member cities where voters will decide in May whether to drop out of the agency.

The Coast Guard endorsed an elevated fixed span to replace the Interstate 5 lift bridge linking Oregon and Washington over the Columbia River.

Dallas Area Rapid Transit's moratorium on new debt issuance comes as voters in five of its 13 member cities will decide whether to withdraw from the agency.

Foothill-Eastern Transportation Corridor Agency, one of two toll systems operated by The Transportation Corridor Agencies, received a ratings boost to A3.

New Jersey Transit CEO Kris Kolluri will keep his role under Gov.-elect Mikie Sherrill, and add a second position overseeing the state's two major toll roads. 

University Park joined four other cities in placing measures on the May 2 ballot asking voters to decide whether to withdraw from Dallas Area Rapid Transit.

Cindy Nichol, Sacramento International Airport's director, became chair of an international airport association.

The Maine Municipal Bond Bank is bringing back its transportation revenue bond program, with a few changes to bolster the bonds' credit. 

Oregon transportation bond payments protected even if tax repeal succeeds, rating agencies say.

A federal judge set oral arguments for Jan. 28 in the legal fight over the Metropolitan Transportation Authority's congestion pricing tolls in Manhattan.

Moody's Ratings upgraded the Chicago Transit Authority to Aa3 from A1 Friday, and upgraded the Chicago-area Regional Transportation Authority to Aa2 from Aa3.