Transportation industry

New York's Metropolitan Transportation Authority will look to keep biennial fare increases to the 4% inflation rate, said chairman Thomas Prendergast.

Key players will discuss the design and construction of the $1.4 billion Fulton Center megaproject in Brooklyn, N.Y., on Oct. 29.

The Illinois State Toll Highway Authority will returns to the market Thursday to borrow $400 million of new-money, toll-backed debt to kick off record infrastructure spending planned in the coming year.

Ineffective safety management was common to five Metro-North Railroad accidents over 11 months, including a train collision last December that killed four persons.

Infrastructure upgrades would expand the economy and make the U.S. more resistant to climate change, a labor-environmental group says.

Floating-rate notes enable New York's MTA to take advantage of the short part of the yield curve, finance director Patrick McCoy said.

An overwhelming majority of Texans seem ready to approve a ballot measure moving $1.7 billion/ year into the state road fund.

Local government groups tell Congress they want a bigger share of road funding in the next multi-year federal highway bill.

As New York MTA scurries to fund its capital plan, transit advocates debate whether governance is a funding and planning impediment.

Maryland voters will decide whether to constitutionally prohibit lawmakers from diverting transportation-dedicated tax revenues to other purposes.

Charges were dropped against one person after former Orlando-Orange County Expressway Authority board member Scott Batterson gets prison.

A new train station in downtown Dallas may be the northern terminal of a 240-mile privately financed high-speed rail line to Houston.

Work will get under way next year on D.C.'s $54 billion, 25-year transportation plan, including a new bridge over the Anacostia River.

Fully funding its next four-year capital program without burdening riders poses an immediate challenge for New York's MTA, according to state Comptroller Thomas DiNapoli.

William Ronan, the first chairman of New York's Metropolitan Transportation Authority, died at age 101.

While finding new revenue sources for highway improvements is indeed a thorny political issue, analysts at Conning feel that the credit quality of the existing bonds remains sound.

Four years after its launch, the $2.1 billion North Tarrant Express is open to traffic and providing a financial model for other projects in the state, developers say.

In a major boost for California's high-speed rail project, the California Supreme Court declined to consider petitions challenging funding for the state's bullet train.

While spending on state highways is up, some states are falling further behind on maintenance needs, Reason Foundation says.

Moody's Investors Service downgraded Atlantic City parking fee and Atlantic City fund revenue bonds, series 2005A and 2005B, to Ba3 from Baa3.