Transportation industry

The Virginia Department of Transportation and the Elizabeth River tunnels' private partner are asking the Virginia Supreme Court to reverse a lower court's ruling that planned tolls for the project and provisions of the state's transportation P3 law are unconstitutional.

City leaders have lined up to oppose a plan by Texas Department of Transportation to turn over maintenance responsibilities for 2,000 miles of state highways.

The U.S. Department of Transportation has finalized Chicago's $288 million Transportation Infrastructure Finance Innovation Act loan to help fund an $817 million intermodal facility at O'Hare International Airport.

Pennsylvania Transportation Secretary Barry Schoch has increased weight limits on about 1,000 bridges statewide, citing the stalled transportation funding bill.

The strong accord of creditors and others behind American Airlines’ confirmation plan could be jeopardized should the plan’s approval be delayed over the federal government’s move to block American’s merger with US Airways Group, an unsecured creditors’ committee warned.

Fitch Ratings Wednesday downgraded $41 million of highway improvement bonds issued by Ohio’s Butler County Transportation Improvement district amid declining debt service coverage levels.

The Internal Revenue Service has closed its audit of Rhode Island's $197 million tobacco settlement bonds, ruling that the bonds remained tax-exempt.

Maryland Governor Martin O'Malley has named a bipartisan group of 11 people to a new local and regional transportation funding task force.

The National Conference of State Legislatures is urging Congress to take action on several issues, including transporation funding, tax-exempt financing of water infrastructure, the federal deficit and online sales taxes.

Ill. Gov. Pat Quinn last week formed an independent task force to review and recommend management and oversight reforms for the Chicago region's public transit system that could affect the future of the Regional Transportation Authority of Illinois.

California was not the only target of a transit union's efforts to exempt transportation employees from state pension reform efforts. Wisconsin, Minnesota, New Jersey and Massachusetts have complied.

Michigan lawmakers are taking a fresh look at a long-stalled plan to raise $1.2 billion in new money for the state's transportation infrastructure.

The Santa Rosa Bay Bridge Authority, which has been in default on toll revenue bonds since July 2011, has agreed to have a traffic study done.

The federal government's attempt to block bankrupt American Airlines' merger with US Airways Group Inc. could have a "marginally positive" impact on U.S. airports, Fitch Ratings said in a report.

South Carolina's Charleston County Airport District plans to sell $175 million of bonds for improvements at Charleston International Airport.

Hunts Point Terminal Produce Market received a $10 million federal TIGER grant from the U.S. Department of Transportation for freight rail improvements.

The judge overseeing American Airlines' bankruptcy put confirmation of the carrier's restructuring plan on hold after the federal government moved to block its merger with US Airways Group.

The credit ratings of 15 California transit agencies are on review for downgrade by Moody's Investors Service because the Obama administration is challenging changes to state pension law.

Two small revenue deals from Michigan — a state transportation refunding and a school district financing — found buyers this week at acceptable rates, breaking a logjam on issuance from the state following Detroit's bankruptcy filing.

The Federal Transit Administration on Wednesday published a policy guidance document about the evaluation criteria and rating process for transit projects seeking funding under the New Starts and Small Starts grant programs.