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4th quarter soft, UPS cuts forecast

Failed acquisition, superstorm Sandy sapped earnings, firm says

Posted: February 1, 2013 at 3:17 a.m.

United Parcel Service Inc. employees move packages at a sorting facility in San Francisco on Dec. 20. The company said Thursday that it lost $1.75 billion in the fourth quarter.

United Parcel Service Inc., the world’s biggest package-delivery company, said weak global trade and a disappointing Christmas-shopping season slowed it down in the fourth quarter.

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Business, Pages 29 on 02/01/2013

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