The Floor Transportation Board has appointed Marty Schlenker as director of its Workplace of Economics and Terrence McDermott as senior adviser to Chairman Patrick Fuchs, including two officers to the company because it handles main rail competitors, price and merger issues.
Fuchs introduced the appointments Sept. 24, saying Schlenker’s choice was made with the Board’s approval. Each Schlenker and McDermott had been serving on the company in momentary transition roles earlier than receiving the everlasting appointments.
The appointments come because the STB’s workload contains its evaluate of Union Pacific’s (NYSE: UNP) proposed acquisition of Norfolk Southern (NYSE: NSC). The Board in August adopted a procedural schedule for contemplating the revised major-merger software. In late September it rejected motions from BNSF (NYSE: BRK-B) and CSX (NASDAQ: CSX) searching for abstract denial of the proposal.
Schlenker will lead the Workplace of Economics, the STB unit that provides financial evaluation supporting the regulator’s choices. That work is central to a broad vary of instances earlier than the company, together with railroad price disputes, service and competitors points, and transactions requiring the regulator to evaluate market and shipper results.
McDermott will function senior adviser to Fuchs, who has chaired the five-member rail workplace since January 2025. The STB in a press release mentioned the personnel strikes are supposed to strengthen the company’s knowledgeable employees and assist its ongoing reform efforts.
Schlenker labored for 17 years at BNSF Railway, rising to assistant vice chairman of know-how providers. He later served as head of analytics and purposes for Parallel Methods, which is creating autonomous railcar know-how. He’s a graduate of the Massachusetts Institute of Expertise.
McDermott spent greater than a decade with commodity dealer Bunge (NYSE: BG), as director of provide chain — North American Rail. He labored for greater than 10 years at Ferromex, as chief advertising officer and vice chairman of gross sales and advertising.
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