NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported a fourth-quarter loss of $55.9 million, after reporting a profit in the same period a year...
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported a third-quarter loss of $21.3 million, after reporting a profit in the same period a year...
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported a second-quarter loss of $15.7 million, after reporting a profit in the same period a year...
ORONO, Maine (AP) — The federal government is giving the University of Maine more than $5 million toward a center that will work on more durable transportation infrastructure.
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported a loss of $2.9 million in its first quarter.
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported fourth-quarter net income of $181.1 million.
Military official says sailor who killed 2 civilians, then himself at Pearl Harbor used his service weapons
HONOLULU (AP) — Military official says sailor who killed 2 civilians, then himself at Pearl Harbor used his service weapons.
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported third-quarter net income of $25.7 million.
JERSEY CITY, N.J. (AP) — Driving or taking a train into New York City and to area airports is going to cost more starting in a little over a month, as the authority that operates a large chunk of...
PROVIDENCE, R.I. (AP) — Rhode Island is getting more than $19 million in additional federal funding for transportation infrastructure upgrades.
BOSTON (AP) — Traffic congestion in Massachusetts has reached a tipping point as the state's existing transportation infrastructure bumps up against a surging economy.
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported second-quarter profit of $20.3 million.
The New York-based company said it had profit of...
DARIEN, Conn. (AP) — Railroad operator Genesee & Wyoming is being taken private by Brookfield Infrastructure and GIC in a deal valued at about $6.37 billion.
LANSING, Mich. (AP) — Sales taxes collected at the gas pump would be shifted to road repairs under a budget plan approved Thursday by the Michigan House, where majority Republicans called it a...
ALBANY, N.Y. (AP) — More than 200 mayors and other municipal officials are gathering in upstate New York to discuss what they say is a rising crisis in transportation infrastructure...
CHICAGO (AP) — Illinois lawmakers are considering raising the state's gas tax by 19 cents a gallon and hiking vehicle fees to pay for transportation infrastructure repairs.
BOSTON (AP) — Gov. Charlie Baker is proposing an increase in the state excise tax on real estate transfers to help Massachusetts communities better prepare for the effects of climate change.
Baker said Friday the plan will be included in his proposed state budget for the fiscal year that begins July 1. The Republican will unveil his full budget plan next week.
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported third-quarter net income of $4.6 million.
On a per-share basis, the New York-based company said it had profit of 5 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 8 cents per share.
The transportation infrastructure company posted revenue of $101.2 million in the period.
ROME (AP) — Italy's transport minister says the nation's entire infrastructure urgently needs both regular and extraordinary maintenance to avoid another tragedy like the bridge collapse that killed 43 people this month.
Danilo Toninelli briefed lawmakers on Monday about the Aug. 14 collapse of Morandi Bridge in Genoa.
He told them the "absurd disaster could and should have been avoided."
MILAN (AP) — Collapsed concrete, twisted metal, crushed cars.
While the disaster in Genoa was the deadliest in recent years, Italy has seen other bridge and highway collapses that have raised alarm about the state of its aging transportation infrastructure.
The 51-year-old Morandi Bridge was a key artery that linked highways to Milan and France, a vital lifeline for both commercial traffic as well as vacationers bound for the mountains and famous Mediterranean beaches.
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported second-quarter net income of $839,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 1 cent. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The transportation infrastructure company posted revenue of $72 million in the period.
JEFFERSON CITY, Mo. (AP) — President Donald Trump wants to rebuild the nation's transportation infrastructure. He also wants to strengthen the U.S. steel industry through tariffs on imports.
But that second goal could make it more costly to accomplish the first.
CHARLESTON, S.C. (AP) — The closing of a bridge on Interstate 526 in Charleston has prompted South Carolina Gov. Henry McMaster to support expanding the highway after having no opinion a few weeks before.
With a broken cable knocking out the westbound I-526 over the Wando River out for a month and hurricane season just a few days away, McMaster's staff said he recently had a revelation.
HARTFORD, Conn. (AP) — The state of Connecticut is releasing $26.7 million in grants to cities and towns to help cover the cost of road repairs and snow removal.
Office of Policy and Management Secretary Ben Barnes says the state "certainly understands the high costs of transportation infrastructure maintenance and repair" and hopes the release of the funding will help municipalities offset their costs for capital infrastructure projects and prepare for heavier travel in the spring and summer.
JACKSON, Miss. (AP) — Mississippi lawmakers deadlocked in 2017 over efforts to increase spending on roads and bridges, and with the 2018 Legislature opening Tuesday, it's not clear that anything has changed.
Many leaders say they'd like to spend more on transportation infrastructure, but support for an outright tax increase is somewhere between weak and nonexistent.
CONCORD, N.H. (AP) — Sens. Jeanne Shaheen and Maggie Hassan of New Hampshire say federal funding is in place to build a new bridge between New Hampshire and Vermont.
They say the New Hampshire Department of Transportation will receive $5 million in federal funding to replace the Rogers' Rangers Bridge on U.S. Route 2, which was built in 1950.
The funding from the U.S. Department of Transportation will accelerate construction and allow New Hampshire and Vermont to move ahead with the project.
LINCOLN, Neb. (AP) — Nebraska's roads and aeronautics agencies are formally merging into a new state Department of Transportation.
Gov. Pete Ricketts unveiled the new agency's name and logo Thursday outside the building that has served as the Department of Roads' main headquarters.
FRANKFORT, Ky. (AP) — Kentucky's Republican House speaker has appointed a bipartisan committee to investigate the state's road funding woes.
Jeff Hoover appointed six Republicans and three Democrats to the Working Group on Kentucky's Transportation Infrastructure.
BOSTON (AP) — Massachusetts has made gains in modernizing its aging transportation infrastructure, but needs to spend hundreds of millions more to continue making progress.
That's one of the conclusions of a new report issued by the advocacy coalition Transportation for Massachusetts.
The report finds that a number of investments, including bridge repairs and new transit vehicles, have been undertaken since passage by the Legislature of a transportation finance law in 2013.
SACRAMENTO, Calif. (AP) — The Latest on Gov. Jerry Brown's budget proposal (all times local):
For a third year, California's governor is proposing tax increases to pay for billions of dollars in needed transportation infrastructure repairs and upgrades.
ALBANY, N.Y. (AP) — U.S. Senate Minority Leader Charles Schumer says he wants Donald Trump to include "real spending" and not just tax breaks in his plan to overhaul America's transportation infrastructure.
The New York Democrat tells The Associated Press he's shared his view with the Republican president-elect. He says actual investment of federal dollars is necessary if the nation is to repair and rebuild its infrastructure.
RALEIGH, N.C. (AP) — CSX Corp. will build an intermodal cargo hub near the Virginia border in Edgecombe County after landowner opposition blocked the railroad company's first option, officials said Tuesday.
The CSX hub would transfer 260,000 cargo containers per year between railroad cars and trucks, with connections to North Carolina ports. CSX will invest $160 million in the project.
North Carolina will spend about $100 million for track improvements and other...