Transportation industry

Opponents of California's High Speed Rail project filed an appeal Monday challenging a ruling that favored federal jurisdiction over California environmental regulations on a segment of the line from Fresno to Bakersfield.

Transportation Secretary Anthony Foxx warns states of cutbacks in federal highway funding if Congress doesn't pass a transportation bill by May 31.

Michigan Gov. Rick Snyder's 2016 executive budget features only modest spending increases and little borrowing as the governor continues to push lawmakers to support a sales tax increase to generate $1.3 billion in new road money.

Four congressional Democrats and Republicans are preparing to send a letter signed by almost 300 colleagues that urges House leaders enact multiyear transportation funding legislation before May 31 when the current law expires.

Owners of the bankrupt Indiana Toll Road assured a federal bankruptcy judge recently that they expect to find a new owner for the 75-year lease within a few months and that the asset could fetch as much as $5 billion.

Missouri will soon be in the market for a new transportation leader following the announcement that Department of Transportation Director Dave Nichols plans to retire May 1.

New regulations aimed at reducing public sector risks in transportation P3s win unanimous approval from the Virginia House of Delegates.

After record savings on a $1.68 billion refunding deal, the Central Texas Turnpike System has earned a one-notch upgrade to A-minus, Fitch Ratings analyst Casey Cathcart said.

Two leaders of the Texas Senate support a bill that would finance transportation construction with a portion of the tax on automotive sales.

The Chicago Transit Authority's receipt of a $120 federal loan under the Transportation Infrastructure Finance Innovation Act for the renovation of a major light-rail line was announced Thursday by city and federal officials.

North Carolina Gov. Pat McCrory plans to ask legislators for $2.6 billion in separate bond programs to fix neglected buildings and fund strategic road.

Airport management's flexibility and experience are key factors in rating a facility's general revenue bonds, Kroll says.

An Oregon Democratic congressman wants to raise the federal gas tax to generate $210 billion of new revenue for roads, bridges, and transit.

Gina Marie Lindsey, executive director of the Los Angeles World Airports which runs Los Angeles International Airport and two others, plans to retire in the spring.

Transit projects in 13 states in line for $3.2 billion of federal grants in President Obama's proposed budget for fiscal 2016.

Wisconsin Gov. Scott Walker unveiled a $68.2 billion two-year budget proposal that favors borrowing over a higher gas tax to fund transportation projects, includes debt service for a new Milwaukee Bucks arena, and cuts University of Wisconsin aid.

Senate public works panel will continue development of multiyear transportation bill without proposed tax on corporate overseas profits.

Austin's airport hotel is seeking new terms from creditors on $40 million of bonds that were restructured a decade ago. The bonds are again in default after revenues fell short of debt service requirements.

President Obama's fiscal 2016 budget, unveiled Monday, includes several new bond proposals and a number of bond-related proposals that have been in past budgets.

The Chicago Transit Authority struck a $32.5 million deal with four telecommunications companies to finance the upgrade of wireless phone service in the authority’s subway system to a 4G network.