Transportation industry

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.

New York Gov. Andrew Cuomo outlined an ambitious transportation and infrastructure agenda, including major improvements to New York City's two airports.

The Florida Department of Transportation has launched plans for a series of Interstate express lanes to be built in the Tampa Bay area.

Newly installed Illinois Gov. Bruce Rauner's executive order halting new contracts puts a hold on some pending contracts planned by the state's tollway agency and planning work on the proposed Illiana toll road.

After a record year of debt issuance, the Texas Transportation Commission expects a significant reduction in borrowing costs for its Central Texas Tollway System as it issues $1.8 billion of refunding bonds.

The Puerto Rico governor signed a bill amending an oil tax rise bill, opening the way for potential inflation adjustments to the oil tax.

The recently announced move by Mercedes-Benz to relocate its U.S. headquarters to Atlanta is credit positive for Atlanta and Fulton County, Moody's Investors service said Jan. 15.

The Louisiana State Bond Commission Thursday gave its approval for the New Orleans Aviation Board to issue up to $700 million for a new terminal.

Weakening gasoline tax revenues will force Missouri to concentrate limited financial resources to road work on major arteries.

Gov. Charlie Baker named Northeastern University policy wonk and transit advocate Stephanie Pollaack as Massachusetts secretary of transportation.

New Jersey Assembly Speaker Vincent Prieto and Senate President Steve Sweeney announced on Jan. 14 that the Port Authority is tabling plans to eliminate overnight PATH train service.

Chamber of Commerce chief Tom Donahue says oil price drop makes federal gas tax increase seem more attractive.

As Alabama sells the final tranche of bonds its $1 billion transportation program, other states gear up for legislative sessions aimed at funding billions in back-logged needs.

Minnesota would impose a tax on wholesale sales of gasoline to help generate at least $800 million in new revenue annually for transportation projects under a proposal unveiled by Senate majority leaders.

Maine's $2 billion, three-year transportation program is designed to upgrade the state's infrastructure despite sluggish federal highway funding.