Transportation industry

Three New Jersey State Senate leaders are pressing the Port Authority of New York and New Jersey to authorize construction of a new bus terminal in Manhattan.

The Southeastern Pennsylvania Transportation Authority has promoted its Treasurer Richard G. Burnfield to the position of deputy manager.

House Transportation Committee next week will consider a multiyear highway funding bill that lacks revenue provisions.

Indiana Gov. Mike Pence unveiled a new $1 billion, four-year road and bridge construction plan that draws from reserves and calls for new borrowing.

A new poll by AAA finds 45% of Americans blame Congress for an inadequate level of transportation funding.

Heavy lifting remains after political and transit leaders announced an agreement for a five-year New York MTA capital program.

Virginia will consider the qualifications of six potential partners before making decision on $2.1 billion upgrade of I-66.

New York City could contribute a lot more to the MTA’s capital plan if the state can stop lockbox raids and give the city more say, says Mayor Bill de Blasio.

Chicago Mayor Rahm Emanuel warned Thursday that Congress and the Executive Branch should not hurt two federal loan programs for infrastructure: the Transportation Infrastructure Finance and Innovation Act and the Railroad Rehabilitation & Improvement Financing programs.

Chicago’s motor fuel tax bonds became the latest victim of Illinois’ budget stalemate Wednesday when S&P dropped the debt six notches, to BBB-plus.

House consideration of Senate’s six-year transportation bill could avoid a nationwide rail shutdown, said Sen. Barbara Boxer, D-Calif.

Tennessee Gov. Bill Haslam wants local officials to join his call for more state funding for transportation infrastructure.

Investors looked past an S&P downgrade and a critical control board report as the Massachusetts Bay Transportation Authority sold $357 million of sales tax bonds.

Strong growth in traffic prompts a Moody’s Investors Service upgrade on Harris County Toll Road Authority’s senior revenue bonds.

Most Arkansas polled in a recent survey do not favor a gasoline tax increase to cover a road revenue shortfall.

Fitch Ratings upgraded to A from A-minus the ratings on a Florida Department of Transportation TIFIA loan that financed a rental car facility in Miami.

Connecticut’s $840 million special tax obligation transportation bond sale included a record $442 million of retail orders, said state Treasurer Denise Nappier.

Congressional negotiators fail to find agreement on use of international tax reform to support multiyear transportation funding.

Chicago is promoting O’Hare International Airport’s recent growth spurt, improved credit, and conservative debt portfolio as it preps a $2 billion issue that will mark the city’s largest deal ever.

Construction costs for the Bayonne Bridge “Raise the Roadway” project have increased and the projected completion is now two years behind schedule, the Port Authority of New York and New Jersey announced.