Transportation industry

Chicago plans to sell up to $900 million of O'Hare International Airport general airport revenue bonds to raise new money for projects and refund older debt for savings.

West Virginia's Blue Ribbon Commission on Highways recommended a $1 billion bond program to address a deficit in funds needed for transportation projects.

The Southern California Logistics Airport Authority in Victorville notified bondholders that it defaulted on its bonds on June 4, 2013 by missing a $1.2 million payment.

Fitch Ratings Agency placed the Foothill/Eastern Transportation Corridor Agency on Rating Watch Negative, affecting $2.3 billion in debt.

American Airlines proposed merger with US Airways Group stands to impact all airports but several US Airways large hubs are most at risk for change, Wells Fargo Securities LLC says.

New York’s Metropolitan Transportation Authority Board increased the number and percentage of minority- and women-owned firms that will participate in MTA bond deals.

Georgia has chosen a team of Atlanta and Florida contractors to build the $840 million Northwest Corridor project to relieve severe congestion in the Atlanta region.

Work resumed on Honolulu’s $5.3 billion elevated rail project Monday after the City Council grated the transit authroity two permits required to resume rail construction.

The board of New York’s MTA approved a contract with Kawasaki Rail Car for up to $1.8 billion to design and build rail cars for LIRR and Metro-North Railroad.

Carmen Bianco's presidency of New York City Transit is now permanent, MTA Chairman Thomas Prendergast announced.

Moody's Investors Service affirmed ratings on $6.5 billion of debt issued by 14 California transit agencies and revised outlooks to stable.

A Cook County Circuit Court judge rejected Chicago's efforts to trim the size of a $58 million arbitration award won by the private operators of four downtown city and park district-owned parking garages.

Long Island Rail Road and local private-sector unions have reached an agreement designed to reduce labor costs on seven major construction projects by nearly 11%.

San Antonio's Via Transit should abandon plans for a $280 million modern streetcar line because of a $70 million funding gap, according to State Rep. Lyle Larson.

North Carolina has cleared the first of two legal challenges over a $215.8 million project to replace the aging Bonner Bridge in the state’s Outer Banks.

Dallas-Fort Worth International Airport continues its record-setting pace for bond issuance Tuesday with a $259 million refunding deal.

A measure to restore some funding that Orange County, Calif., lost during changes in apportionment of a state vehicle license fee passed the California legislature.

Falling traffic and growing competition from Denver International Airport led Standard & Poors to downgrade Colorado Springs Airport revenue bonds to BBB-plus.

To keep the ball rolling on building a new $3.9 billion Tappan Zee Bridge, the New York Thruway Authority will sell a $700 million bond anticipation note.

A bankruptcy judge confirmed American Airlines’ reorganization plan but its exit from Chapter 11 depends on resolution of the antitrust lawsuit against its merger with US Airways Group.