The Union Pacific-Norfolk Southern Merger Review with Former STB Chair Roger Nober

Thu, May 14, 2026 | 10:00 am EDT

On Thursday, May 14 at 10:00 a.m. ET, The Capitol Forum will host a conference call with Roger Nober, Director of the George Washington University Regulatory Studies Center and former Chair of the Surface Transportation Board. The conversation will be hosted by The Capitol Forum’s Senior Correspondent Josh Kosman.

This timely discussion will examine the proposed Union Pacific-Norfolk Southern rail merger and the regulatory, competitive, and political issues surrounding the transaction. Drawing on his experience leading the Surface Transportation Board and working in the rail industry, Nober will provide insight into how regulators may approach the merger review process and what market participants should be watching.

For assistance, contact: events@tcfpress.com.

We will discuss: 

  • The Surface Transportation Board’s consideration of Union Pacific’s new merger application
  • How enhanced competition may be defined and evaluated under current STB rules
  • The deal’s potential impact on oil and coal producers, industrial manufacturers, and freight markets
  • The potential role of Republican State Attorneys General if they weigh in further on the transaction
  • The independence of the current Surface Transportation Board
  • The expected timing and structure of the merger review process
  • Potential remedies the STB couldseekand what Union Pacific may find acceptable 

We hope you can join us for this timely and informative conversation. Guest Bio:
Roger Nober is Director of the George Washington University Regulatory Studies Center and former Chairman of the Surface Transportation Board, where he served from 2002 to 2006. His career includes leadership roles in transportation policy, regulation, and the rail industry, including serving as Executive Vice President and Chief Legal Officer at BNSF Railway. He is widely recognized for his expertise in transportation regulation, rail competition policy, and merger review. 

Speakers:

Roger Nober

Director of the George Washington University Regulatory Studies Center and former Chairman of the Surface Transportation Board

Josh Kosman

Senior Correspondent at The Capitol Forum

Reserve your spot today!