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CALGARY, Nov. 27 /CNW/ - Canadian Pacific (TSX/NYSE: CP) and the Mayo
Clinic concluded the first face-to-face meeting yesterday in Calgary with a
commitment to ongoing dialogue between their two organizations and the
community of Rochester as CP progresses through its transition planning and
the implementation of a safety integration plan for the Dakota, Minnesota &
Eastern (DM&E) Railroad.
Both CP and Mayo Clinic officials are optimistic about the common ground
that was established and the increased understanding each party gained of the
other's business and expectations.
"CP has a best-in-class process for relationship development and issues
resolution with neighbours and communities in the areas through which we
operate," said Fred Green, President and CEO of Canadian Pacific. "Our solid
community reputation is fundamentally based on CP's commitment to operational
safety and environmental stewardship. We were pleased to share this with the
Mayo Clinic representatives."
CP recently acquired the Dakota, Minnesota & Eastern. The transaction
must be approved by the Surface Transportation Board before CP can influence
any operational decisions or practices.
Both the Mayo Clinic and CP outlined their respective priorities and
expectations for rail operations in the Rochester area, should the STB approve
During the meeting, and separate from aspects relating to the existing
railway and customer base, CP again emphasized that it has made no decisions
about its potential to access new coal haulage business in the Powder River
"We had a very open and constructive dialogue and we left with a mutual
understanding of each others needs and concerns," said Glenn Forbes, M.D., CEO
of Mayo Clinic in Rochester. "We both expressed a strong and firm commitment
to work collaboratively, both together and with the community of Rochester to
ensure the highest degree of safety moving forward."
During the meeting, CP highlighted its safety framework and related
operating practices. This focus on safety has made CP the safest railroad in
North America in seven of the last nine years. In 2006, for example, CP had
1.54 FRA reportable train accidents per million train-miles, compared to an
industry average of 3.60.
Officials from both sides consider the meeting a success. "This meeting
was the beginning of a long-term constructive relationship based on open
dialogue, mutual understanding and compromise," said Mayo's Forbes. "I look
forward to hosting CP officials in Rochester to build on the progress we made
and to introducing CP to other key stakeholders within the City."
For further information:
For further information: Canadian Pacific, Mark Seland, (403) 540-7178