Transportation industry

The North Texas Tollway Authority's $461 million of refunding bonds were ten times oversubscribed in a Nov. 5 pricing, bringing the toll road operator savings of nearly 11%.

Transportation proposals were popular with voters during Tuesday's election, with few defeats amid several big-ticket initiatives that passed by wide margins in Texas, California, Maryland, and Wisconsin.

The crash of Virgin Galactic's Spaceship Two is a setback for New Mexico's publicly financed SpacePort America, which is to be the location for commercial space flights, but the bonds issued to build the facility remain a safe investment, an official said.

Tennessee has deferred $400 million of highway projects until 2016 because of concerns the Highway Trust Fund will be insolvent again in May.

Passage of a long-stalled transportation infrastructure package that would raise $1.2 billion in new revenue will be Michigan Gov. Rick Snyder's top priority during the upcoming lame-duck legislation session, the state's budget director said.

More than $10 billion of water and transportation infrastructure proposals are on Tuesday's state and local ballots.

Spokane, Wash.'s airport has been downgraded to A2 from A2 by Moody's Investors Service.

With the economy riding high, issuers in Texas are hoping voters keep their pocketbooks open long enough to approve more than $6.5 billion of bond issues on the ballot Nov. 4.

Puerto Rico officials said Thursday that the Puerto Rico Electric Power Authority would default on its bonds but that the Puerto Rico Highways and Transportation Authority would not.

North Texas Tollway Authority returns to the market with $499.5 million of revenue refunding bonds that are expected to provide significant savings.

A new guide from AASHTO examines current revenue sources and potential options for bolstering the Highway Trust Fund, including fees based on vehicle miles traveled.

Puerto Rico plans to help its Highways and Transportation Authority through an oil tax increase and the sale of bonds from a new authority.

Federal TIFIA loans and similar programs will become more prevalent as conventional highway grants shrink, according to Fitch Ratings, which says TIFIA loans have pluses and minuses for borrowers and other investors.

Wisconsin will refund $132 million of transportation revenue bonds on Thursday, two days after state voters cast a decision on a proposed constitutional amendment that would bar future raids on the state's transportation fund for other expenses.

Toll roads across the nation can expect to see higher volumes of traffic as lower fuel prices encourages more driving, according to Moody's Investors Service.

The Orange County Transportation Authority, Calif. issued a request for qualifications Oct. 27 seeking firms interested in working on the $900 million expansion of a stretch of Interstate 405.

Jay Walder, a former chairman and chief executive of New York's Metropolitan Transportation Authority, was named chief executive of Alta Bicycle Share, which operates New York City's Citi Bike bicycle sharing program.

An ruling from a Superior Court judge during a hearing scheduled for Oct. 31 could bring the end to a lawsuit brought by Ontario, California seeking the return of its local airport from the control of Los Angeles.

A proposed $3 billion rapid passenger rail system in the Midwest would cut the five-hour train trip between Chicago to Detroit by almost two hours.

The operator of the Indiana Toll Road won federal court approval for a bankruptcy plan that will either sell its 75-year lease of the highway or restructure the company with $2.75 billion of new debt.