Originally Posted by Sideshow Bob

Not exactly, but funding those pesky pensions can be annoying.

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.

In other words, the OPERATING profit, before funding pensions was $3.8 billion, or roughly $1.7 billion more than FDX, or 44% more, while UPS revenue is only 23% higher.

Sometimes it appears harder to offend radical Islamists than you guys. Anytime anybody says anything that doesn't glorify FDX, the cyber jihad begins...sheesh.