Navigation Links
Mayo Clinic Calls for Thorough Review of Canadian Pacific's Acquisition of the Dakota, Minnesota & Eastern Railroad
Date:10/26/2007

Current 'fast-track' schedule doesn't allow for meaningful dialogue with

affected communities

ROCHESTER, Minn., Oct. 26 /PRNewswire/ -- Late yesterday, the Mayo Clinic asked the Surface Transportation Board (STB) to revise its proposed timetable for reviewing the Canadian Pacific's recent acquisition of the Dakota, Minnesota & Eastern Railroad (DM&E).

"Mayo Clinic does not object to DM&E being sold," said Chris Gade, a Mayo Clinic spokesperson. "We are simply asking for a complete and thoughtful review of a transaction that may have a tremendous impact on our community and for the opportunity to have a constructive dialogue with the railroad's new owners before the purchase is approved."

In its filing, Mayo Clinic asked the STB to:

-- Reconsider the procedural schedule associated with review of the

transaction, because it fails to provide sufficient time for meaningful

dialogue between the affected parties and the new ownership.

Mayo Clinic also asked that the STB ensure that the application for the transfer of control include:

-- Information that verifies DM&E's revenues.

-- Meaningful operational information that fully addresses the future

movement of Powder River Basin coal.

-- Meaningful information that addresses the environmental effects of the

transaction.

-- A safety integration plan.

"Our primary concern continues to be the safety of our patients, staff and community, as well as the safety of other communities along the line," said Gade. "We welcome the opportunity to meet with DM&E's new owners in the hope that these concerns can be adequately addressed."

Mayo Clinic's filing highlights the probability that the Canadian Pacific's purchase of the DM&E could result in as many as 43 trains passing through downtown Rochester every day. According to the proposed sale agreement, the Canadian Pacific would make about $1 billion in additional payments to the DM&E if it transports at least 125 million tons of coal in a calendar year. This is a substantial increase from DM&E's previous coal-hauling estimates and represents an additional 2.2 million cars per year (43 trains x 135 cars x 365 days) that would move at high-speeds over a rail line located just a few hundred feet from Mayo Clinic.

Due to these new projections Mayo Clinic maintains that an additional environmental review is appropriate. In its filing, Mayo Clinic suggested that Canadian Pacific provide a comprehensive safety integration plan that addresses DM&E's industry-worst safety record.


'/>"/>
SOURCE Mayo Clinic
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Scientists plan human cloning clinic in the United States
2. How do patients benefit of clinical trials
3. Magnetic resonance angiography in clinical medicine
4. Clinical trials need to be more frank
5. AEternas acquisition of Zentaris being followed up with its new product pipeline and clinical development strategy
6. Physicians Lack Clinical Guidelines For Treating Elderly With Multiple Illnesses
7. The Growing Rise In Clinical Research Could Lead To A Compromise In Quality Of Research And Ethics
8. Clinical Comparisons Between ADHD Drugs Are Less
9. Specialized Clinics For Manipurs AIDS Patients
10. Outsourcing clinical trials to India
11. Erectile dysfunction: an early warning sign of clinically silent coronary artery disease?
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/16/2017)... NY (PRWEB) , ... August 16, 2017 , ... Summer ... Long Island’s original family-owned supermarket, has put together suggestions for enjoying the season of ... recipe or activity, everyone in the family can join in on the fun. ...
(Date:8/16/2017)... , ... August 16, 2017 , ... Ten outstanding teachers ... Stars in the Classroom and will win a visit by a Houston Texans player, ... who are at least five years old can visit texanschecking.com/stars to nominate their favorite ...
(Date:8/16/2017)... York, New York (PRWEB) , ... August 16, 2017 , ... ... they could minimize its appearance with diet and exercise. In fact, cellulite can't always ... is a safer and more effective treatment available to select physicians nationwide. Dr. Kenneth ...
(Date:8/16/2017)... ... August 16, 2017 , ... Paul Vitenas, MD, ... Connolly 2017 Top Doctor. The annual list identifies the nation’s top physicians, in a ... has made it to the top of Castle Connolly’s coveted ranking. , Castle Connolly ...
(Date:8/16/2017)... (PRWEB) , ... August 16, 2017 , ... Melbourne’s reign ... by the prestigious Economist Intelligence Unit’s (EIU) annual Liveability Index. , The Index surveys ... Since the index began in 2006, Melbourne has consistently come in the top three ...
Breaking Medicine News(10 mins):
(Date:8/7/2017)... Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global ... Directors has approved the payment of a quarterly cash dividend ... The cash dividend of $0.24 per ... to stockholders of record as of the close of business ... to approval of the Board of Directors and may be ...
(Date:8/7/2017)... 2017  Diplomat Pharmacy, Inc. (NYSE: DPLO), the nation,s largest ... June 30, 2017.  All comparisons, unless otherwise noted, are to ... Second Quarter 2017 Highlights include: ... an increase of 3.5% Total prescriptions dispensed ... of 7.5% versus 7.6% Gross profit ...
(Date:8/4/2017)... The search for test results that can ... has long been the goal of healthcare providers and ... the largest meeting of lab professionals and IVD firms ... firm Kalorama Information.  The firm said scores of companies ... supplies and software were at the American Association for ...
Breaking Medicine Technology: