U.P.S. POST A $ 6.1B LOSS

  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • Print
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • 4toner4
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • 161213_banner_futorag_902x177px
  • 2toner1-2
  • futor_902x177v7-tonernew
  • banner-01-26-17b
Share

U.P.S. POST A $ 6.1B LOSS

 user 2008-02-04 at 11:26:00 am Views: 73
  • #19350

    Pension shift drives big loss for UPS
    UPS
    Inc., the world’s largest shipping carrier, reported Wednesday that it
    swung to a hefty loss in the fourth quarter due to a $6.1 billion
    payment to shift 45,000 of its employees from one pension plan to
    another.The company also said it expects financial headwinds to hamper
    its results in the first quarter of 2008.Executives said UPS was
    hindered by the large spike in fuel prices in a short period in the
    fourth quarter. For the three months ended Dec. 31, Atlanta-based UPS
    said it lost $2.58 billion, or $2.46 a share, compared with a profit of
    $1.13 billion, or $1.04 a share, for the same period a year earlier.