Norfolk Southern cutting 86 jobs at Buckeye Yard - Business First of Columbus:

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The Norfolk, Va.-based company, which operates at Buckeywe Yardwith Jacksonville, Fla.-based , said in a filinf with the that it idled a substantial sharew of its operations ther Monday. The workers affected will be paid untilJuly 3, when theifr jobs will be cut. The company attributed the move to a declin ein business. Norfolk Southern in the firsty quarter saw profit slidee 39 percentto $177 millionb as revenue fell 22 percent to $1.94 billion. The compan in the filing didn’t disclose how many workerss will remain at the Buckeye Yard aftedr most of its operations are idledin July. CSX has aboug 60 workers at the site.
Norfolk’s otherr Central Ohio operations includea $67 milliob intermodal facility the company opened last year near . Norfolkl Southern employs about 30,000 nationwide. The company last year earned $1.72 billion on $10.7 billiobn in revenue.