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:12/8/2016)... ... December 08, 2016 , ... The Florida Hospital Tampa Wound ... Medical Society (UHMS), the leading authority in hyperbaric medicine. This accreditation identifies the ... hospitals and facilities have earned this distinction. This is the second time the ...
(Date:12/8/2016)... Pennsylvania (PRWEB) , ... December 08, 2016 , ... ... Duck Donuts Franchising Company LLC, announced the first national #QuackGivesBack campaign which ... , “This was our first franchise-wide Quack Gives Back initiative, ...
(Date:12/8/2016)... and JENNERSVILLE, Pa. (PRWEB) , ... December 08, ... ... that Penn Medicine Southern Chester County, a Property owned by an affiliate of ... million, 72,000 square foot Penn Medicine Southern Chester County ambulatory care center (ACC) ...
(Date:12/8/2016)... ... December 08, 2016 , ... CURE Media Group, the nation’s ... groups, has aligned with Upstage Lung Cancer in efforts to combat lung cancer, announced ... J. Hennessy, Jr said, “CURE Media Group is honored to team up with Upstage ...
(Date:12/8/2016)... ... December 08, 2016 , ... David J. Dykeman , ... firm Greenberg Traurig, LLP, will speak at DeviceTalks West, Dec. 12, 2016, at the ... series, and attorneys from the firm’s global Life Sciences & Medical Technology Group have ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... MOUNTAIN VIEW, Calif. , Dec. 8, 2016 ... it intends to offer newly issued shares of common stock, ... "Shares") pursuant to an underwritten public offering.  The final terms ... at the time of pricing, and there can be no ... completed. IRIDEX expects to use the net proceeds ...
(Date:12/8/2016)... -- Australia Glaucoma Surgery Devices Market Outlook to ... Glaucoma Surgery Devices Market Outlook to 2022", provides ... Devices market. The report provides value, in millions ... prices (USD) within market segement - Glaucoma Drainage ... and distribution shares data for each of these ...
(Date:12/8/2016)...  The global biosurgery market is expected to grow ... of 2016 to 2021. The market is poised to ... billion in 2016. The market is primarily driven by ... injuries and spinal problems, increasing clearance of biosurgery products ... loss management. In this report, the biosurgery ...
Breaking Medicine Technology: