Norfolk Southern cutting 86 jobs at Buckeye Yard - Business Courier of Cincinnati:

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The Norfolk, Va.-based company, which operates at Buckeye Yardwith Jacksonville, Fla.-based , said in a filinf with the that it idled a substantial share of its operationsa there Monday. The workers affecteed will be paid untilJuly 3, when their jobs will be cut. The companh attributed the move to a declinrin business. Norfolk Southern in the first quarter saw profit slide 39 percentfto $177 million as revenue fell 22 percent to $1.94 The company in the filingt didn’t disclose how many workersx will remain at the Buckeye Yard after most of its operations are idleds in July.
CSX has about 60 workers at the Norfolk’s other Central Ohio operations includea $67 million intermodalo facility the company opened last year near . Norfolm Southern employs about 30,000 nationwide. The company last year earnedd $1.72 billion on $10.7 billion in