STB Chairman Oberman takes activist investor Ancora to task for its attempt to take over Norfolk Southern
March 5, 2024
At this point, anyone who has seen Martin J. Oberman, Chairman of the Surface Transportation Board (STB), a Washington, D.C.-based independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, speak at a freight railroad conference, knows he is not holding anything back. That again was the case, when he gave a keynote speech at last week’s Southeastern Association of Rail Shippers (SEARS) 2024 Spring Meeting in Atlanta.
