Transportation industry

The Texas Transportation Commission authorized contracts for $2 billion of road and bridge projects, including $1.74 billion approved by voters Nov. 4.

The substitution of new letters of credit caused Standard & Poor's to boost the long-term ratings on some Clark County, Nevada airport system subordinate-lien revenue bonds issued for Las Vegas McCarran International Airport.

The snow and deep freeze that pummeled Massachusetts incapacitated the Massachusetts Bay Transportation Authority, pushing the embarrassed transit agency into a harsh national glare.

Utah Sen. Kevin Van Tassel's bill to increase Utah fuel taxes by 10 cents per gallon is gathering support and clearing legislative hurdles as the Beehive State seeks to keep up with transportation needs.

The Kentucky House has passed major legislation that would authorize the state to use public-private partnerships.

The Obama administration has no Plan B for the revenue that would be needed to support its proposed $478 billion, six-year transportation measure if Congress fails to pass its corporate tax reform proposals, Transportation Secretary Anthony Foxx said Thursday.

The Securities and Exchange Commission is investigating bonds issued in 2013 by the former scandal-ridden Orlando-Orange County Expressway Authority and underwritten by Citi.

The board of New York's MTA has qualified military-oriented investment firms Academy Securities and Drexel Hamilton LLC for co-manager assignments on bond transactions.

Congress should pass a short-term transportation bill by mid-March so that the construction season can be as robust as possible, the top Democrat on the House Transportation and Infrastructure Committee said Thursday.

A plan to divert up to $2.5 billion of vehicle sales tax revenue to highway projects gained momentum as a lobbying organization called Move Texas Forward joined forces with legislative leaders.

An increase in the federal gasoline tax is seen as the most viable option for long-term transportation funding at Senate hearing.

Iowa Gov. Terry Branstad signed into law a transportation funding package that raises the state's tax on gasoline and diesel fuel by 10 cents a gallon and lifts permit fees on oversized vehicles.

Chairman Thomas Prendergast said New York's MTA would explore advanced technology to minimize accident risk at track grade crossings.

Almost 300 House Democrats and Republicans joined in a letter pushing for passage of a long-term highway bill by May 31.

Maryland pushes back bids on its $2.5 billion Purple Line P3 rail project so partners can study how to build it cheaper.

The New Orleans Aviation Board plans to bring $590 million of general airport revenue bonds to market Thursday amid an above-average issuance calendar.

A lawmaker from one of Texas' most heavily tolled counties has introduced legislation that would end tolls when bonds are paid off.

New York's Metropolitan Transportation Authority expects to issue $300 million of transportation bonds next month, said finance director Patrick McCoy.

Phoenix Sky Harbor Airport remains vulnerable to service reductions after the merger of its major carrier US Airways and American Airlines, according to Standard & Poor's. Otherwise, the outlook on the airport’s AA-minus rating is stable.

The Colorado Department of Transportation is moving ahead with plans to seek private investment in the redevelopment of a 12-mile stretch of Interstate 70 that would be the largest project in CDOT's history.