Transportation industry

Pennsylvania's Transportation Commission will submit an updated 12-year, $63.2 billion transportation program to federal officials, said Gov. Tom Corbett.

Texas' largest county issued $196 million of road bonds with top ratings drawing strong demand from institutional investors.

Congress delayed, but did not fix, a $100 billion hole in federal transportation spending with the enactment last Friday of legislation providing $10.8 billion to extend solvency of the rapidly shrinking Highway Trust Fund by 10 months.

The 114-mile stretch of California's high speed rail project from Fresno to Bakersfield received approval from a federal railway oversight board on Tuesday.

A strike or work slowdown at U.S. West Coast ports could result in the loss of billions of dollars to the U.S. economy if goods are diverted to non-U.S. ports, a Fitch Ratings report said.

A federal appeals court dismissed a lawsuit over the massive $2.6 billion Ohio River Bridges Project being built by Kentucky and Indiana.

Michigan is selling $266 million of state trunk line refunding bonds on Wednesday, hoping to see savings of nearly 8% on the original debt.

President Obama signed a 10-month, $11 billion bailout of Highway Trust Fund that ensures federal reimbursements continue to state transportation projects.

Illinois will host a forum next month to meet with developers, air carriers and potential tenants as the state seeks to advance plans for a public private partnership to develop the South Suburban Airport.

A federal appellate panel Thursday ruled that North Carolina’s plan to replace the 50-year-old Bonner Bridge must be reconsidered by a lower court.

Transportation Secretary Anthony Foxx is urging voters to press lawmakers for a long-term solution to federal highway funding before the end of 2014, but industry experts don't expect Congress to take action until spring 2015 at the earliest.

Orange County Transportation Authority, Calif., received a two-notch ratings bump on its senior lien toll road revenue bonds to AA-minus from Standard & Poor's on Tuesday.

Missouri transportation officials blamed a lack of consensus on how to pay for the state's transportation needs for the failed ballot measure that sought a sales tax hike to generate more than $5 billion in new revenue.

Puerto Rico Gov. Alejandro García Padilla created a public transit authority to integrate oversight over various modes of transportation.

New York City's DOT chose Elliott Bay Design Group of Seattle to design a new class of boats for the Staten Island ferry at an expected cost of $309 million.

Detroit emergency manager Kevyn Orr is looking for private firms interested in taking over the city's parking system, where nearly half the meters are reportedly broken.

Long Island Rail Road pension fraud could happen again if a federal agency isn’t vigilant enough, said budget watchdog group Citizens Budget Commission.

New York City Transit veteran Frank Jezycki will become vice president and chief officer for the Staten Island Railway, MTA officials announced.

Texas offered $15.3 million and other favorable conditions to land the $85 million SpaceX launch site, officials said.

Short-term patch of the Highway Trust Fund is credit positive for $12 billion of state highway Garvee bonds, Moody's says. But neither it nor other major rating agencies are planning to change Garvee ratings or outlooks.