From: Reuters
Published January 30, 2008 08:00 AM

UPS reports loss on pension charge

CHICAGO (Reuters) - Package delivery company United Parcel Service Inc <UPS.N> on Wednesday reported a quarterly loss, citing a $6.1 billion charge related to transferring employees from a multi-employer pension fund.

The Atlanta-based company reported a fourth-quarter net loss of $2.58 billion, or $2.46 a share, compared with a net profit of $1.13 billion, or $1.04 a share, a year earlier.

Excluding the one-time charge, UPS earned $1.13 per share.

(Reporting by Nick Carey, editing by John Wallace)

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