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S&P GLOBAL RATINGS has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+ to A. / COURTESY R.I. AIRPORT CORP.

S&P upgrades bond ratings for RIAC

Government
PROVIDENCE – Standard & Poor’s Global Ratings has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+...
FAR FROM AGREEMENT: A number of property owners near the proposed intermodal transit hub at the Providence rail station and along the route of a high-speed bus corridor in Providence have sued to stop work on the project so that it can be reviewed, contending that as envisioned now it will have a negative impact on their property values. R.I. Department of Transportation Director Peter Alviti Jr. stands near the area proposed for the hub next to the rail station in Providence. / PBN FILE PHOTO/MICHAEL SALERNO

Should Providence and the state be stopped from moving forward on...

Economic Activity
A group of downtown residents and commercial real estate companies have filed suit against Providence and the state, hoping to halt work on the...
RIPTA WILL OFFER a free trial bus service starting Jan. 22 from Kennedy Plaza to the Quonset Business Park, making 11 stops in the park. The pilot program will run through mid-April. / COURTESY R.I. PUBLIC TRANSIT AUTHORITY

RIPTA to launch pilot bus service to Quonset Business Park from...

Business Services
PROVIDENCE – A pilot program to bring bus service to businesses at Quonset Business Park in North Kingstown from Providence will begin Jan. 22,...
“Heading into 2019, gasoline demand is expected to dwindle in January, an expected change following the busy holiday travel season,” said Lloyd Albert, AAA Senior Vice President of Public and Government Affairs. “At the same time, OPEC will begin production cuts January 1 with hopes the shift in global supply will push oil prices higher. The impact of the cuts will not likely be known until later in the first quarter.”

Gas sees 4 cent drop in R.I., Mass.

Economic Activity
PROVIDENCE – The last AAA Northeast gasoline price report in 2018 showed continuing declines in the price of self-serve, regular unleaded gasoline in Rhode...
“Heading into 2019, gasoline demand is expected to dwindle in January, an expected change following the busy holiday travel season,” said Lloyd Albert, AAA Senior Vice President of Public and Government Affairs. “At the same time, OPEC will begin production cuts January 1 with hopes the shift in global supply will push oil prices higher. The impact of the cuts will not likely be known until later in the first quarter.”

Gas prices continue dropping, 2 cents in both R.I. and Mass.

Economic Activity
PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 2 cents over the week to $2.50 per gallon, 18...
NORWEGIAN AIR says that it is in a strong financial position heading into the weak winter travel season, and issue for the discount airline with flights to and from Europe from T.F. Green Airport. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

Norwegian Air seeks to reassure on cash amid winter slowdown

Hospitality & Tourism
LONDON – Norwegian Air Shuttle ASA took pains to reassure investors about the solidity of its cash position and plans to sell aircraft and...

RGGI-style transit funds in R.I. future

Editorial and Op-Ed
On Dec. 18, 12 Northeastern states, including Rhode Island, and the District of Columbia announced that they had agreed to implement a cap-and-trade regime...
RHODE ISLAND WAS ONE OF NINE states and the District of Columbia that have agreed to create a transportation emissions cap-and-trade program designed to decrease the use of fossil fuels and fund green technology and other projects. / PBN FILE PHOTO/BRIAN MCDONALD

R.I. joins partnership developing transportation emission cap/trade program

Natural Resources
PROVIDENCE – Rhode Island was among nine Northeast and mid-Atlantic states and Washington, D.C., Tuesday announcing a partnership in a project designed to create...
RIDOT received a $20 million federal grant for a project to realign and consolidate the Newport-side ramp system for the Pell Bridge. / COURTESY R.I. DEPARTMENT OF TRANSPORTATION

RIDOT gets $20M federal grant for Pell Bridge ramp realignment

Government
NEWPORT – The R.I. Department of Transportation has received a $20 million federal grant to support a project to realign the Newport Pell Bridge...
THE R.I. DEPARTMENT OF TRANSPORTATION has awarded May Mobility a contract to provide autonomous vehicle shuttle service between Olneyville and Downtown Providence. Above, RIDOT Director Peter Alviti Jr. / PBN FILE PHOTO/MICHAEL SALERNO

RIDOT awards autonomous vehicle service contract to Mich.-based company

Government
PROVIDENCE – The R.I. Department of Transportation has awarded a contract to May Mobility Inc. to provide a limited and controlled automated vehicle service...
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