Transportation industry

The Regional Transportation of Illinois is expanding its pursuit of companies and towns involved in the practice of setting up alleged sham offices in small towns to avoid higher sales taxes in Cook County.

The Federal TIFIA loan program provides lower cost capital for toll roads, but can increase bondholder risk, Moody's Investors Service said in a new report.

Aviation groups difference over a proposal to fund airport infrastructure projects with higher passenger facility charges.

The scandal over a traffic jam on the George Washington Bridge not only damaged Gov. Chris Christie's presidential prospects, it spotlighted the politicization of the Port Authority of New York and New Jersey, a major municipal bond issuer.

Wisconsin received the AAA rating from Kroll Bond Rating Agency on its transportation revenue bond credit ahead of a nearly $400 million sale slated for Thursday. The other agencies rate the bonds in the mid- to high double-A category.

As Rhode Island lawmakers continue to debate Sakonnet River Bridge tolling, a state agency chief has threatened to return the bridge to the state if an impasse lingers.

Reliable, multi-year investments in the Northeast Corridor's 100-year-old rail infrastructure are needed to prevent massive system failures, warns Amtrak CEO Joe Boardman.

The Kentucky House passed a bill that would ban the use of tolls for the $3.5 billion Brent Spence Bridge project being planned by Kentucky and Ohio, while moving ahead with P3 projects elsewhere in the state.

Plans for major terminal overhauls are afoot for airports at Kansas City and Des Moines where officials are promoting the need to modernize the air fields to meet current and future aviation demands.

Virginia DOT has stopped work on a $1.4 billion toll road until it obtains final federal environmental clearance.

A proposed 47-mile toll road linking Indiana and Illinois is eligible for a federal TIFIA loan that could reduce construction costs by up to 20%, officials said.

Record ridership is just one of several credit positives for public transit agencies, Moody’s Investors Service said Monday.

Michigan lawmakers passed a $330 million mid-year 2014 budget supplemental bill last week that features more road money for local governments hit hard by the harsh winter.

New York MTA's Metro-North Railroad overemphasized on-time performance at the expense of rider safety, according to a blistering report by the Federal Railroad Administration.

Wisconsin plans to come to market as soon as March 20 with nearly $400 million of new money and refunding transportation revenue bonds.

Los Angeles County Metropolitan Transportation Authority is undergoing a reorganization to shrink what a consultant's report called a "top heavy" executive structure, and Chief Financial Officer Terry Matsumoto is leaving.

The Transportation Corridor Agencies boards voted Thursday to accept the resignation of Neil Peterson, chief executive officer of two Orange County, Calif. toll roads, who will be replaced on an acting basis by Michael Kraman.

The Transportation Department may have to begin rationing state highway grants in July as the Highway Trust Fund is expected to dip below the critical $4 billion mark by summer.

Oregon's legislature ended its short session this month, approving over $5 billion in debt, but ending the Columbia River Crossing plan for a modern Interstate 5 span across the Columbia River.

Two of Florida's largest airport operators, in Orlando and Tampa, plan to spend nearly $5 billion on multi-year capital plans dependent on millions in bond financing.