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)