UPS Ends 2017 With Strong Results

Discussion in 'UPS Freight' started by Freightmaster1, Feb 1, 2018.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

    Messages:
    5,357
    Likes Received:
    3,336
    UPS Inc. reported stronger profits in the fourth quarter than a year ago, even after adjustments tied to pension contributions and the Tax Cuts and Jobs Act, led by double-digit growth in the freight and third-party logistics businesses and a strong holiday season.
    The Atlanta-based parcel giant made $1.1 billion in profits in the fourth quarter compared with a $239 million loss one year ago. On a per-share basis, profits grew to $1.27 versus a 27-cent loss in 2016.
    UPS recorded a $800 million mark-to-market pension adjustment or 70 cents per share to reflect the present value of the contributions to the multiemployer pension plans. It also recorded a $258 million one-time benefit related to the tax law.
    RELATED: UPS seeks driver ‘flexibility’ in contract talks with teamsters

    UPS Ends 2017 With Strong Results

    :woohoo1:
     
  2. Freightmaster1

    Freightmaster1 Well-Known Member

    Messages:
    5,357
    Likes Received:
    3,336

Share This Page