Transportation industry

The Port Authority of New York and New Jersey is moving ahead with plans to replace Newark Liberty International Airport's aging monorail service.

The Port of Beaumont Navigation District that ranks as the largest shipping point for U.S. military cargo gets a Moody’s Investors Service downgrade to A3 from A2 based on recent negative revenue trends.

The design for a new Walk Railroad Bridge in Norwalk remains on schedule, said Connecticut Gov. Dannel Malloy and state transportation Commissioner James Redeker.

Oregon selects the vendors that will collect the vehicle data needed for the nation’s first pay-per-mile road usage program.

House Appropriations subcommittee adopted a fiscal 2016 transportation budget with no increase in highway and transit spending.

The Panama Canal expansion will benefit East Coast local governments near key ports, but West Coast ports will not lose business from the expansion, according to a Moody’s Investors Service report.

A second federal lawsuit has been filed challenging the private activity bond financing for the All Aboard Florida train project; the latest suit comes from Martin County, Fla.

New York’s MTA board approved a ban on political advertising after some contentious debate and an adverse ruling in federal court.

Connecticut Gov. Dannel Malloy continued his push for a 30-year, $100 billion transportation infrastructure spending package.

Millions of jobs and billions of dollars in state road and transit projects are at risk unless a multiyear federal transportation bill is in place by the end of May, Senate Finance Committee Democrats warned on Tuesday.

Variable rate debt represents 8% of the bond portfolio of New York's Metropolitan Transportation Authority — well below its 25% threshold, said finance manager Patrick McCoy.

A $967 million federal loan for commuter rail safety technology represents "a very favorable position for the MTA," said finance manager Patrick McCoy.

New York’s MTA may have to raise fares by as much as 15% if its proposed capital plan falls short, according to chief financial officer Robert Foran.

The Route 460 Funding Corp. of Virginia plans to use extraordinary redemption provisions to call $293.3 million of revenue bonds now that the state has terminated the project.

Denver International Airport chief Kim Day rebuffs accusations of faulty accounting on the $544 million South Terminal Project that includes a hotel and commuter rail station.

Public-private partnerships may become an important tool for transportation financing, but must overcome political and social hurdles in the U.S.

Moody's Investors Service changed the outlook to positive just ahead of a $225.8 million deal by the Florida Department of Transportation to pay for turnpike improvements.

Colorado's $25 billion state budget is already signed, but lawmakers still have other bills to resolve before the imminent end of their session including a proposal to authorize $3.5 billion of tax revenue anticipation notes for highway projects.

The Federal Railroad Administration has approved a $967.1 million loan to New York’s MTA for signal system safety improvements along Long Island and Metro-North commuter railroads.

Chicago Mayor Rahm Emanuel tapped Forrest Claypool, his longtime friend and hand-picked head of the Chicago Transit Authority, as his next chief of staff.