UPS Swings To 4Q Profit On Smaller Charge, Positive Margins

Discussion in 'UPS/UPSF' started by Cybergal, Feb 3, 2009.

Feb 3, 2009 #1

Cybergal Road Train Member

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UPS Swings To 4Q Profit On Smaller Charge, Positive Margins
2/3/09

United Parcel Service Inc. (UPS) swung to a fourth-quarter profit on positive margins and a year-earlier pension-related charge, as the shipping company said it was freezing management salaries and suspending its 401(k) matching contributions to cut costs.
"The severe decline in economic activity around the world resulted in sharply lower package and freight volumes for UPS," Chief Executive Scott Davis said.
http://money.cnn.com/news/newsfeeds/articles/djf500/200902030836DOWJONESDJONLINE000323_FORTUNE5.htm
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Cybergal, Feb 3, 2009

Cybergal, Feb 3, 2009

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