Transportation industry

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.

Moody's upgraded Hartsfield-Jackson Atlanta International Airport's general revenue bond ratings to Aa3 from A1 citing its financial and operational strengths.

Buoyed by record ridership in 2013, public transit advocates want their fair share of funding from Washington in the next multi-year surface transportation bill.

Standard & Poor's raised its rating on the Iowa Board of Regents' parking system revenue bonds one level to AA-minus based on strong parking demand.

The two boards of the Irvine, Calif.-based Transportation Corridor Agencies are scheduled to vote Thursday on whether to accept a settlement agreement governing the resignation of Chief Executive Officer Neil Peterson.

Fitch Ratings has downgraded the Regional Transportation District of Colorado's debt, maintaining a negative outlook on RTD’s certificates of participation.

Construction associations and labor unions have formed a grassroots coalition to pressure Congress for additional investment in transportation infrastructure.

Work is set to begin this summer on a controversial $3.3 billion bridge spanning the Detroit River despite a lack of commitment of expected funds in President Barack Obama's budget.

Sen. Mark Kirk, R-Ill., wants an additional $4 billion of tax-exempt private activity bonds available for transportation projects.

The North Carolina Department of Transportation named Clayton Somers as the new executive director of the Turnpike Authority.

U.S. President Barack Obama included $250 million in his fiscal year 2015 budget for Honolulu's $5.2 billion elevated rail project that will extend 20 miles from the capitol city to the opposite side of the island of Oahu.