Transportation industry

The Port Authority of New York and New Jersey is trying to prepare for increased ridership on its rail transit system with more than $1 billion of investment.

The board approved a request to increase 2019 authorization for new-money bonds and bond anticipation notes to a $5 billion maximum from $3 billion.

The Port Authority of New York and New Jersey is proposing higher user fees to fuel a larger capital budget.

Despite views on Capitol Hill that leaned towards taking financing away from public transit, the House bill would strengthen transit issuers.

A bill to dissolve the south Florida toll road authority has been sent to Gov. Ron DeSantis.

The spending plan for fiscal 2020 includes $446.7 million in borrowing for transportation projects in Florida.

With an $11.8 billion budget that nearly doubles that of a decade ago, Arizona rebuilds its balance sheet while boosting pay for teachers and state employees.

Strong government support fueled a two-notch upgrade for the Washington D.C.’s mass transit system despite drops in ridership.

More municipalities are turning to local solutions, including P3s and value capture structures.

Citing new uncertainties surrounding revenue credits, Moody's downgraded the Illinois State Toll Highway Authority ahead of a $300 million deal.

Morgan Stanley will price the flexible-rate deal with a 1.95% coupon, according to pre-sale pricing guidance.

The Florida House of Representatives wants to intervene in the Miami-Dade County Expressway Authority lawsuit, saying its authority to pass bills is threatened.

The mass-transit enterprises for Pittburgh and Philadelphia face crises regardless of how a lawsuit over toll-related revenue plays out, says the rating agency.

Nick Sifuentes of the Tri-State Transportation Campaign explores ways to unravel the metro New York commuter mess. Paul Burton and Andrew Coen host.

The association filed a court brief supporting Indian River County’s appeal of private activity bonds for the privately owned passenger train project.

From a fixed income investor’s standpoint, congestion pricing could provide exciting new investment opportunities with relatively high income and moderate risk.

The Florida Department of Transportation wants a court to decide who is responsible for setting tolls to service debt that financed the Garcon Point Bridge.

Declining passenger volume has put Manchester-Boston Regional Airport at risk of dropping to a near-junk bond rating.

Lawmakers authorized more than $23 billion of borrowing and approved a $45 billion six-year capital plan.

The public-private partnerships will finance projects in Belle Chasse and Lake Charles.