Oberman: STB Remains Actively Involved in Rail Reg Mods

Written by Jason Seidl, Elliot Alper and Uday Khanapurkar, TD Cowen

We hosted a June 15 call with Marty Oberman, Chairman of the Surface Transportation Board, on Thursday. We see a reciprocal switching ruling well before year-end, and a bottleneck ruling potentially in 2024. Rail service continues to be at the forefront of the STB’s agenda. The CPKC merger has increased competition through new north-south lanes, though further Class I consolidation is increasingly unlikely.

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