Transportation industry

Moody's will extend its stable outlook to the airport sector in 2014 as more passengers will provide more support for new money debt.

Hartsfield-Jackson Atlanta International Airport soon begins searching for a new general manager to replace Louis Miller who retires Jan. 3.

Chicago Mayor Rahm Emanuel and Illinois Gov. Pat Quinn last week announced plans for a nearly $500 million overhaul of the Chicago Transit Authority's rail transit line to O'Hare Airport.

Pennsylvania's transportation bill is positive for the state and the Turnpike Commission, and could trigger a similar move to tackle pension liability, said Fitch.

American Airlines emergence from Chapter 11 and merger with US Airways Group Inc. officially took off Monday as trading on the new company began.

A public-private partnership at the airport in Gary, Ind. will drive $100 million of investment over the next 40 years, the airport announced Monday.

The Federal Transit Administration said it would give Cincinnati until Dec. 19 to reverse a recent decision to halt a controversial streetcar project or it would pull federal funding.

Foothill/Eastern Transportation Corridor Agency, Calif. is drawing a lot of interest from investors on $2.2 billion in toll revenue bonds it plans to price Dec. 12 to restructure its outstanding debt.

Virginia Gov.-elect Terry McAuliffe is reluctant to go ahead with a $1.4 billion toll road until the project receives final environmental approval from the Corps of Engineers.

The Hawaii Department of Transportation Airports Division will use a financing structure uncommon for airports to pay for $150 million in energy conservation projects.

Moody's Investors Service raised its outlook on the toll road industry to stable from negative as toll revenues continue a slow but steady recovery.

A state agency has cleared a 40-year parking lease deal that is one of two centerpiece transactions to the Harrisburg, Pa., financial recovery plan.

Coalition of labor and business executives support legislation to raise the federal gasoline tax by 15 cents per gallon to fund transportation infrastructure.

Kentucky plans to price $747 million on Dec. 10-11 to finance the major portion of the "Downtown Crossing" of the Ohio River Bridges Project.

The MTA, after the deadly Metro-North Railroad derailment, said it intends to fully fund and implement train-control technology, but doing so by 2015 would be hard.

New safety concerns led the North Carolina Department of Transportation to close the Herbert C. Bonner Bridge over the Oregon Inlet on Dec. 3.

The Southern California Logistics Airport Authority of Victorville, Calif. defaulted for the fifth time on bonds issued to redevelop the airport from military to civilian use.

Rep. Earl Blumenauer, D-Ore., will introduce a bill phasing in a 15 cent increase in the federal gasoline tax, currently at 18.4 cents per gallon.

Boston's MBTA will launch late-night service in the spring, said Massachusetts Gov. Deval Patrick, who found $20 million from state funding and corporate pledges.

The Missouri Association for Social Welfare last week filed a lawsuit contesting the summary language of a proposed ballot measure seeking approval for a one cent sale tax increase to fund transportation-related projects.