STB meaning in Governmental ?

The Surface Transportation Board (STB) of the United States is a federal, bipartisan, independent adjudicatory board. The STB was established on January 1, 1996, to assume some of the regulatory functions that had been administered by the Interstate Commerce Commission when the ICC was abolished. Other ICC regulatory functions were either eliminated or transferred to the Federal Motor Carrier Safety Administration or Bureau of Transportation Statistics within DOT.

The STB has broad economic regulatory oversight of railroads, including rates, service, the construction, acquisition, and abandonment of rail lines, carrier mergers, and interchange of traffic among carriers. The STB also has oversight of pipeline carriers, intercity bus carriers, moving van companies, trucking companies involved in collective activities, and water carriers engaged in non-contiguous domestic trade. The Board has wide discretion, through its exemption authority from federal, state, and local laws, to tailor its regulatory activities to meet the nation's changing transportation needs.