UPS posts loss on pension charge; forecast is weak

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 30, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS posts loss on pension charge; forecast is weak - Reuters

    Package delivery company United Parcel Service Inc on Wednesday reported a quarterly loss due to a $6.1 billion pension-related charge and issued a weak first-quarter earnings forecast.

    Excluding the pension charge, fourth-quarter earnings for the world's largest package delivery company were roughly in line with Wall Street expectations.