The US rejected most of a $511 million loan request, dealing a blow to one of Andrew Cuomo just weeks ahead of state elections.» Read More
WASHINGTON— Income inequality is taking a toll on state governments. "Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. Stagnant pay for most people has compounded the pressure on states to preserve funding for education, highways and social programs such as Medicaid.
SAN FRANCISCO, Sept 5- A San Francisco Superior Court judge on Friday dismissed a lawsuit brought by environmental groups against Kinder Morgan's Richmond, California, rail terminal, which quietly began unloading crude oil from trains this year, saying the plaintiffs waited too long to file their complaint.
TORONTO, Sept 2- Amtrak, the U.S. passenger rail service, said on Tuesday that it has asked U.S. regulators to investigate "unacceptable train delays" on its Illinois routes that use Canadian National Railway Co tracks.
ULAN BATOR, Aug 22- China and Mongolia have signed 26 new deals on railroads, mining and power generation during Chinese President Xi Jinping's state visit that began on Thursday, Mongolia's Ministry of Foreign Affairs said. Closer economic relations with China may be landlocked Mongolia's answer to recent economic woes.
Big investors are shaping transportation in 2039 by betting on relatively boring fixes to bridges, airports and roads.
Despite $11 billion in spending the Amtrak Acela only hits top speed for five or 10 minutes on the NY-Washington corridor. NYT reports.
Neel Kashkari, (R-Calif.) gubernatorial candidate, provides his take on the nation's economic recovery.
Problems with the water supply in Toledo, Ohio, highlight the need for improvement in water infrastructure. Here's how one analyst would play it.
The mayor lifted a three-day-old ban on drinking water triggered by raised levels of the chemical microcystin. NBC News reports.
Tap water remained off-limits for nearly half a million people in northwestern Ohio early Monday after testing showed continued cause for concern.
LONDON, July 31- Supporters of natural gas promote it as a clean "bridge fuel" between the coal-and-oil dominated energy system of the present and the zero-emissions system of the future based on renewables and nuclear power. Shifting to gas is at the heart of the U.S. Environmental Protection Agency's proposed new rules for power plant emissions.
Michael Burke, Aecom Technology CEO, discusses the acquisition of Hunt Construction and the business of infrastructure.
Companies are sitting on trillions in cash—would be great to see them invest it in US infrastructure, says the CEO of McGraw Hill Financial.
The U.S. House of Representatives passed a $10.9 billion extension of U.S. transportation funding through May 2015, to avert cutbacks in August.
Congress begins a five-week summer recess that same day. White House support for the 10- month extension has annoyed some Democrats who are opposed because it would push decisions on long-term funding to a newly elected Congress next year. At the very least, Congress should be keeping people on the job who are already there right now, "Obama said.
Macquarie Bank and Cintra own a 75-year lease on the Indiana toll road. Baruch Feigenbaum, Reason Transportation analyst, explains why this is working, and the private sector's role in improving infrastructure in the U.S.
In a visit to a government highway research center in Virginia, Obama is expected to tout work on so-called vehicle-to-vehicle and vehicle-to-infrastructure communication technology to improve navigation, according to the White House.
HONG KONG, July 10- China's copper imports fell 7.9 percent month-on-month in June, dropping as Chinese banks reduced lending for metals imports following a probe into an alleged metals fraud at Qingdao port.
House Speaker John Boehner said he welcomes a "pension smoothing" idea for raising highway funds and hopes to pass a bill within two weeks.
As the Highway Trust Fund approaches exhaustion, business leaders are pushing for new roads and funds. The NYT reports.