Transportation industry

The Port Authority of New York and New Jersey has selected global commercial real estate services firm Cushman and Wakefield to serve as the exclusive retail agent for its Manhattan bus terminal.

Utah Transit Authority is pricing the largest deal in its history with $831.6 million of bonds designed to smooth debt service through the end of this decade.

Michigan's proposal to raise the sales tax to generate new road funding would also generate fresh dollars for school districts, Moody's Investors Service said Friday.

The Chicago region needs $16.6 billion over the next decade for routine transit maintenance and capital spending with another $19.5 billion tacked on to the tab to cover deferred investment, the Regional Transportation Authority warned.

A congressional bipartisan duo filed a bill to capitalize a $50 billion infrastructure bank with 50-year taxable bonds bearing 1% interest.

Leadership chaos in Albany following the arrest of Assembly Speaker Sheldon Silver on federal corruption charges could further complicate an already difficult task for New York MTA: obtaining approval of its $32 billion capital plan.

Sen. Rand Paul, R-Ky., is developing legislation that would dedicate revenues from corporate tax reform to federal highway funding.

Opponents of North Carolina's plan to toll portions of Interstate 77 north of Charlotte have filed a lawsuit in an attempt to block the express-lane project.

Gov. Nikki Haley will support an increase in South Carolina's gas tax if it is tied to a reduction in the state's income tax and overhauling the DOT.

The Texas Department of Transportation saved $380 million in net present value, or 21% of its refunded debt, through a $1.68 billion toll bond issue, officials said.

New York Gov. Andrew Cuomo is proposing using much of $5.4 billion in available legal settlement funds to pay for infrastructure needs and toll subsidies.

New York's Metropolitan Transportation Authority approved biennial fare and toll increases of roughly 4%, spread over two years.

Honolulu City Council members are balking at a request to issue $350 million in commercial paper for the city's delayed and over-budget elevated rail transit system.

The Kansas Department of Transportation will delay $300 million of highway maintenance under Gov. Sam Brownback's plan to reduce a state budget deficit.

The All Aboard Florida private passenger train project has received a $1.75 billion federal private activity bond allocation along with conditions that impose a tight timeframe to issue the debt..

President Obama called for bipartisan support for a multiyear transportation funding bill without providing specifics on pay for it.

Michigan Gov. Rick Snyder urged voters to approve a May 5 ballot referendum calling for an increase in the state sales tax to raise $1.2 billion in new road funding during his state of the state address Tuesday.

A calm environment atypical for January, low interest rates and the floating rate note enabled New York's MTA to upsize its bond sale, said finance manager Patrick McCoy.

New Mexico Gov. Susana Martinez urged lawmakers to set aside $180 million for highway bond projects over the next three years while cutting business taxes and boosting spending on education.

Seattle's Sound Transit gets a $1.3 billion federal loan to revive voter-approved $4 billion light rail project stalled by revenue drop.