Transportation industry

Alaska voters appeared likely to approve a $453 million transportation bond, based on early returns.

John Horsley and Jack Basso will take about 90 years of experience with them when they retire from the American Association of State Highway and Transportation Officials in February, and the two are disappointed to be stepping away from a very uncertain future.

The MTA's Triborough Bridge and Tunnel Authority should be able to absorb revenue losses from Hurricane Sandy closures, said Moody's, though liquidity could be further squeezed.

The Orlando-Orange County Expressway Authority in central Florida hopes to take advantage of low market rates for savings and reduce its variable-rate exposure in a $463 million refunding Nov. 15.

New York's MTA, restoring its subway and commuter rail systems after Hurricane Sandy's damage, will continue its flurry of bond activity this week.

The nearly $30 billion in economic damages caused by Hurricane Sandy will not have a detrimental effect on the creditworthiness of U.S. debt, but it is likely to have negative consequences for mid-Atlantic electric utility companies.

State transportation agencies are working together to develop strategies aimed at making investment in infrastructure more palatable to the public, as official fears of a rising investment gap meet public concerns about long-term debt.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

A federal judge rendered a split decision in an environmental lawsuit brought against Honolulu's $5.2 billion elevated rail project, but did not order a halt to construction.

Harrisburg's state-appointed receiver insists that selling the parking garages in Pennsylvania's capital city is still a better option than keeping them and using their revenue to pay down incinerator-related debt.

Regular weekday commuter rail service has returned to the Metro-North Railroad's New Haven line.

The Metropolitan Atlanta Rapid Transit Authority will consume its reserves by 2018, and that could derail plans to fund billions in capital needs over the next decade, according to Moody's Investors Service.

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

Alaska voters will decide on a $453 million transportation bond next week.

Dallas Area Rapid Transit has rescheduled its $128.3 million revenue bond pricing for Nov. 8 after the deal was postponed by the storm that shut down the financial markets in New York.

Virginia Gov. Bob McDonnell blasted the Metropolitan Washington Airports Authority after a new U.S. Department of Transportation report found numerous flaws in its policies and procedures.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

The $652 million harbor dredging project for the Port of Savannah, Ga. cleared a major hurdle when the U.S. Army Corps of Engineers signed the Record of Decision approving the project.

Hurricane Sandy left the best laid capital plans of New York-area transportation agencies in shambles, hitting the Metropolitan Transportation Agency the hardest, flooding tunnels, subway lines and rendering most rail services in New York and New Jersey inoperable.

A $1.3 billion network of bond-financed highways linking major cities in Arkansas would enhance the state’s economy and quality of life, proponents said Tuesday.