Transportation industry

Los Angeles World Airport Officials plan to explore private placement in selling $1 billion in bonds over the next 18 months.

An audit of the U.S. Department of Transportation's popular Transportation Investment Generating Economic Recovery grant program released revealed an inadequate framework for ensuring projects meet their goals, though the DOT said it has already taken steps to meet some of the IG's recommendations.

New York's Metropolitan Transportation Authority plans to continue its aggressive borrowing with $3.1 billion in bond sales over the next three months.

The finance committee of New York's MTA authorized an increase in the amount of fuel-hedging capacity, which budget officials say minimizes volatility.

With its economy continuing to gain momentum, Harris County, Texas plans to refund about $353.7 million of toll revenue bonds in a negotiated deal Oct. 2.

The Utah Transit Authority is moving towards a $320 million bond deal for expansion of its Trax and FrontRunner rail projects.

The San Antonio City Council approved a $4.50 per day airport rental car fee, creating a revenue stream for a $127 million rental car facility.

Airports will suffer from American Airlines impending layoffs of more than 4,000 employees, Moody's Investors Service said Monday.

Credit analysts aren't sure what the impact of the new generation if huge cargo ships will be on U.S. ports, but industry leaders and engineers are sounding the call for billions of dollars in additional investment in America's marine infrastructure.

The Georgia Transportation Board has agreed to a financing plan for the nearly $1 billion Northwest Corridor project that could see more than half of the cost funded with bonds.

A year after firing its new CEO, the Wayne County Airport Authority, Michigan has hired the airport's long-time CFO Thomas Naughton to serve in the top position.

The Louisiana State Bond Commission wants underwriters selling $350 million of state highway revenue bonds to develop a structure to take advantage of the market's current low interest rates.

Lisa Telles has been named acting chief executive officer of the Transportation Corridor Agencies, Orange County, Calif.'s 67-mile toll road system.

The Port Authority of New York and New Jersey's toll increases were necessary to keep the agency's facilities in a state of good repair, according to independent reports made public on Wednesday.

The North Texas Tollway Authority approved refunding up to $150 million of toll revenue bonds.

The Louisiana State Bond Commission will select underwriters and bond counsel for $334 million of revenue bonds backed by the state highway improvement fund.

The Atlanta City Council reauthorized a $350 million commercial paper program for Hartsfield-Jackson Atlanta International Airport.

Standard & Poor's revised the outlook on New Jersey's general obligation bonds to negative from stable, based on the state's structural imbalance and optimistic revenue assumptions.

Arkansas will pay a true interest cost of 1.62% on $225 million of grant anticipation revenue vehicle bonds priced won by JPMorgan in a competitive sale.

Transportation advocates are upset about the sequestration cuts. Although most dedicated funding sources for transportation infrastructure were protected from the mandatory spending reductions, highways and airports could both take a hit if Congress doesn't act.