One-time charges were largely to blame for the dip, with the proposed merger tacking on $58 million, and costs from the East Palestine derailment adding another $23 million.
Industry sources estimate that roughly 90% of yards still operate without dedicated management systems or consistent frameworks that measure performance.
The newly-announced layoffs will be in addition to 1,000 corporate role cuts announced last year, and will largely be focused on distribution center jobs in Tennessee and Mississippi.
The freeze has taken about 22% of natural gas production offline in the southern central U.S. corridor, suggesting crude production is likely down 1 million barrels a day.
The tool is meant to serve as a starting point rather than a final judgment, by offering an early warning of potential forced labor risks based on publicly available data.