Transportation industry

New York's MTA intends to pitch the city, state and federal government and corporate leaders to help cover its $15.2 billion capital program gap. Otherwise, it will have to borrow more.

Gasoline tax revenues are not a reliable long-term source for financing transportation infrastructure, Pew Charitable Trusts said in new report.

Fitch revised its outlook to stable from negative on Tennessee's Memphis International Airport bonds despite losing Delta Air Lines' hub.

New York's MTA will propose a four-year capital plan that assumes a $15.2 billion funding gap, according to authority documents.

New York's MTA intends to remarket $148 million of Triborough Bridge and Tunnel Authority subordinate revenue variable rate bonds in October, an official told the finance committee.

The Federal Railroad Administration released a draft environmental statement for the new private passenger rail service All Aboard Florida.

Indiana officials assured Hoosiers that the bankruptcy of the private operator of the Indiana Toll Road would not hurt the state, but one analyst warned that "aggressive" toll rates in the original lease could spell long-term problems.

Transportation advocates want to put the kibosh on congressional proposals to slash the federal gasoline tax and turn over almost all highway funding to the states.

The Texas Transportation Commission expects to price $1.1 billion of general obligation bonds in October, about six months later than originally scheduled.

North Carolina Gov. Pat McCrory plans to recommend a $1 billion transportation bond program to the General Assembly next year.

Bipartisan bill introduced in the House would divert 10% of federal highway dollars to state-run transportation grant programs that would fund local projects.

While New York's MTA is about to propose its four-year capital plan, such plans in the future could reflect vastly changing demographic patterns.

Allowing one person to appoint members to the Cincinnati/Northern Kentucky International Airport board is "atypical" compared to similar airports, said Fitch.

Massachusetts has come to terms with a Greater Boston transit union to release long-secretive pension data.

Orange County, Calif. registered voters surveyed by an opponent of a Foothill/Eastern toll road extension expressed skepticism about those extension plans.

House committee okays plan to cut Amtrak's allocation for capital projects to $770 million a year from the current $1.3 billion.

Indiana officials are watching closely as the private firm that operates the Indiana Toll Road under a historic $3.8 billion 75-year agreement reportedly teeters on the edge of bankruptcy and considers a sale of the lease.

The Port Authority of New York and New Jersey passed a resolution authorizing $320 million for the improvement of its Greenville Yard water port in Jersey City, N.J.

All Aboard Florida, a private venture planning new passenger rail service from Orlando to Miami, is encountering headwinds from impacted communities.

Rhode Island and capital city Providence have received federal TIGER grants transportation-related improvement projects.