A decrease in airport financings and other major capital projects contributed to a 19.3% drop in transportation debt issuance in the third quarter from the same period last year.

"You can legitimately count the major project financings that are extremely capital intensive on your fingers," said Mark J. Tenenhaus, a first vice president at Dean Witter Reynolds Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.