Transportation industry

Agreement on multi-year federal highway bill possible in post-election congressional session, Transportation Secretary Foxx says.

The Phoenix City Council has approved a $103 million construction contract for the first phase of a $590 million renovation of Terminal 3 at Sky Harbor International Airport.

The Illinois State Toll Highway Authority unveiled a preliminary 2015 budget Wednesday that relies on as much as $800 million of toll-backed borrowing to support $1.6 billion in capital spending.

Virginia officials would have to notify lawmakers about potential risks of new transportation P3 agreements under proposed guidelines.

Investors holding $113 million of bonds issued for the privately owned and operated Branson Airport in Missouri have agreed to a amended forbearance agreement that gives the struggling Ozarks air field more time to pick up operations.

Moody's Investors Service on Oct. 13 downgraded Long Beach, Calif. Airport Enterprise to A3 from A2 and revised the outlook to stable from negative affecting $117.5 million in outstanding senior airport enterprise revenue bonds.

Treasury Secretary Jack Lew says there is a growing bipartisan consensus in Congress on long-term federal transportation spending.

Metro-North Railroad completed construction of a $5.7 million bridge in New Hamburg, N.Y.

Wisconsin voters will vote next month on whether to amend the state constitution to ban the diversion of transportation fund revenues for other expenses.

More than four decades after Southwest Airlines landed at Love Field, the Dallas airport is finally unshackled from the Wright Amendment that minimized its rivalry with Dallas-Fort Worth International.

The transit agency that provides commuter rail in the Chicago region could soon join the ranks of tax-exempt borrowers under a proposed $2.4 billion, 10-year capital program that relies on about $400 million of financing.

Raising the state gas tax and tolling East River and other bridges could help New York's MTA fill a gap of at least $15.2 billion, said former chairman Richard Ravitch.

More than four decades after Southwest Airlines landed at Love Field, the Dallas airport is finally unshackled from the Wright Amendment that minimized its rivalry with Dallas-Fort Worth International.

Illinois Gov. Pat Quinn's administration says its plan to build a $1.5 billion privately financed toll road in partnership with Indiana remains on track with the endorsement of a key Chicago area planning committee.

Sen. Barbara Boxer wants action in the House on her proposals to revive the chronically insolvent Highway Trust Fund.

Georgia officials and the U.S. Army Corps of Engineers Wednesday signed the paperwork enabling the state to use bond proceeds to begin long-awaited work on the $706 million Port of Savannah harbor expansion.

Transportation should see slow but steady growth through the remainder of 2014, Fitch said in a new sector outlook released Thursday.

All Aboard Florida , the proposed private passenger train service between Miami and Orlando, has applied for a $1.75B federal private activity bond allocation.

The most-traded P3 bonds have rallied this year, and retained gains since the Sept. 22 bankruptcy filing by the manager of the Indiana Toll Road.

The cost of Maryland's Purple Line rail project has risen to $2.45 billion, up $21 million since September and almost $1.5 billion more than projected in 2007, according to the latest estimate by the Maryland Transit Administration.