National Mediation Board.An independent federal board that mediates labor–management disputes in the airline and railroad industries and provides administrative and financial support in adjusting grievances in the railroad industry. • The agency was created by the Railway Labor Act of 1934 to prevent interruptions in service. 45 USCA §§ 154–163. — Abbr. NMB. Cf. FEDERAL MEDIATION AND CONCILIATION SERVICE. [Cases: Labor Relations 451, 452. C.J.S. Labor Relations §§ 459–463.]

[Blacks Law 8th]