UPS to record $40M loss related to asset sale

[cheryl]

UPS to record $40M loss related to asset sale - Google

As part of the transaction, UPS incurred certain costs associated with employee severance payments, other employee benefits, transition services, and leases on operating facilities and equipment, the company said in the Securities and Exchange Commission filing.

Also, UPS said it provided a guarantee of two years for certain employee benefit payments being assumed by the buyer.

 

[cosmictrucker]

ATLANTA — UPS Inc., the world's largest shipping carrier, will record a loss of roughly $40 million related to the sale of a specialized transportation and express freight business in Germany within its supply chain and freight segment.

Germany