FedEx posts loss due to pension accounting adjustments

A Federal Express truck on delivery is pictured in downtown Los AngelesThomson Reuters

CHICAGO (Reuters) – Package delivery company FedEx Corp on Tuesday reported a quarterly loss, citing mark-to-market pension adjustments and expenses related to its acquisition of Dutch package delivery company TNT.

The Memphis-based company posted a loss for its fiscal fourth quarter ending May 31 of $70 million, or 26 cents per share, an improvement over the loss of $895 million, or $3.16 per share, it posted a year earlier.

(Reporting By Nick Carey; Editing by Bernard Orr)