United Parcel Service Boeing 747-400. Courtesy, UPS United Parcel Service (UPS) posted net income of $807 million in 2012, down 78.8% from a net profit of $3.8 billion in 2011, though it attributed the earnings decline to a hefty non-cash charge. UPS said earnings were skewed by a mark-to-market, non-cash, after-tax charge of $3 billion related to pension values. It noted the charge did not affect cash flows. On an adjusted basis, the Atlanta-based delivery giant said it earned 2012 ...

Subscribe to Access this Entire Article

"UPS 2012 profit declines; disappointed by blocked TNT buy" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.