Transportation industry

The Illinois budget stalemate has left Chicago on the hook to cover monthly payments to the trustee on its motor fuel tax bonds because state transfers are trapped without a fiscal 2016 budget.

Sen. James Inhofe, R-Okla., asks the House to move quickly on multiyear transportation bill to avoid disruptions this fall.

The Port Authority of New York and New Jersey has completed a $400 million modernization project at John F. Kennedy International Airport.

In Chicago’s second dose of good airport credit news, Standard & Poor's on Tuesday raised O’Hare International Airport’s ratings by one level as the city heads into the market next week with $2 billion of mostly refunding debt.

Arizona will have about a third of the money it needs to maintain roads and bridges over the next 25 years, according to the state auditor.

House Majority Leader and top candidate to replace Rep. John Boehner, R-Ohio as House Speaker, says he’s confident Congress will pass a multiyear highway bill in October.

The Texas Transportation Commission decided tolls are not needed to fund a proposed $530 million highway project.

Chicago received a rare bit of good credit news Friday as Fitch Ratings elevated its outlook on O’Hare International Airport’s general credit to positive ahead of a $2 billion sale.

Honolulu Mayor Kirk Caldwell sent a letter to rail officials demanding answers about $1.1 billion in cost overruns on Oahu’s 20-mile elevated rail project.

The New Jersey State Senate pressed the federal government on Sept. 24 to accept a funding proposal for a new $20 billion Gateway rail tunnel project with a bipartisan resolution that passed in a 38-0 vote.

New York's MTA will review its $152 million contract with its paratransit Access-a-Ride service provider after employees told board members of mistreatment.

The Port Authority of New York and New Jersey has approved a 75-year lease with a developer to transform the former TWA Flight Center at John F. Kennedy Airport into a hotel complex.

Longtime Philadelphia Regional Port Authority (PRPA) Executive Director James T. McDermott Jr. is planning to retire on April 15, 2016,

New York’s MTA expects to resubmit its five-year capital program request to state officials by the end of next month, Chairman Thomas Prendergast said.

Texas Gov. Greg Abbott tells road planners to look at projects that eliminate bottlenecks and reduce traffic congestion.

Major bond-financed investments have been paying off for some of Northern California’s smaller airports, which have seen their multi-billion dollar projects followed by more airline and passenger business.

The Greater Orlando Aviation Authority prices $215.15 million of bonds subject to the alternative minimum tax on Wednesday to support Orlando International Airport's $3 billion capital plan.

The Federal Highway Administration filed a motion Tuesday dropping its appeal of an adverse lower court ruling that the government illegally approved the controversial $1.5 billion Illiana toll road project.

The Massachusetts Bay Transportation Authority’s operating budget is unsustainable, said a report by its new fiscal oversight board.

An airport group wants airlines to drop their opposition to higher passenger facility fees that finance local infrastructure.