Union Pacific Finalizes Land Transfer to Regional Transportation District

OMAHA, Neb.--(Business Wire)--
Union Pacific Corporation (NYSE: UNP) today announced the closing of a $118
million transfer of land to the Regional Transportation District (RTD) in
Colorado.

The agreement with the RTD involves Union Pacific`s entire Boulder Industrial
Lead, from Brighton Boulevard in Commerce City to Boulder, a distance of
approximately 33 miles. Union Pacific has reserved a rail easement to continue
serving its freight customers on the first eight miles of the lead. Freight
operations will move to specified time windows once RTD begins construction.

This transaction will result in approximately a $115 million pre-tax gain for
Union Pacific in the Second Quarter of 2009.

About Union Pacific

Union Pacific Corporation owns one of America`s leading transportation
companies. Its principal operating company, Union Pacific Railroad, links 23
states in the western two-thirds of the country. Union Pacific serves many of
the fastest-growing U.S. population centers and provides Americans with a
fuel-efficient, environmentally responsible and safe mode of freight
transportation. Union Pacific`s diversified business mix includes Agricultural
Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The
railroad emphasizes excellent customer service and offers competitive routes
from all major West Coast and Gulf Coast ports to eastern gateways. Union
Pacific connects with Canada`s rail systems and is the only railroad serving all
six major gateways to Mexico, making it North America`s premier rail franchise.

Union Pacific Corporation
Investors:
Jennifer Hamann, 402-544-4227
or
Media:
Donna Kush, 402-544-3573

Copyright Business Wire 2009