Transportation industry

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.

Georgia made the final bond payment of $25.6 million to Wells Fargo on Dec. 1 ending the tolls on the Georgia 400.

Pennsylvania's new transportation funding law is a credit positive for the state and several authorities, Moody's Investors Service said.

A four-person team of experienced professionals will help lead the American Association of Airport Executives.

The Los Angeles County Metropolitan Transportation Authority will conduct a $452 million combination new money/refunding competitive sale Dec. 4 to pay for cost overruns on several projects.

The merger of American Airlines and US Airways Group can proceed as scheduled after a federal bankruptcy judge's clearance of the airlines' federal anti-trust settlement.

U.S. Bankruptcy Judge Sean Lane is expected to issue a decision on the American Airlines bankruptcy at a hearing at 10 a.m. Wednesday in New York.

Pennsylvania Gov. Tom Corbett signed the far-reaching transportation bill that lawmakers enacted last week after lengthy debate.

Crowded terminals will become more common unless U.S. airports are able to fund the additional infrastructure needed to meet growing passenger demand.

A bankruptcy Court judge said he expects to rule by Wednesday on American Airlines' request for final clearance to merge with US Airways Group Inc. and exit Chapter 11.

Foothill/Eastern Transportation Corridor Agency in Orange County, Calif., will restructure its toll road debt portfolio with a $2.2 billion refunding in December.