Union Pacific Recognized Among Nation's Top 50 "Best Places to Launch a Career" by BusinessWeek

Company Honored for Providing Employee Opportunities and Rewards

Omaha, Neb., September 16, 2008 – Union Pacific has been named one of the nation's top 50 "Best Places to Launch a Career" by BusinessWeek. The Sept. 15 issue of the magazine ranks UP as No. 39 on the list.

The "Best Places to Launch a Career" ranking is based on three surveys: a BusinessWeek poll of career-services directors at U.S. colleges; a survey of 50,000 U.S. college students conducted by Universam USA (a Philadelphia research company), and a BusinessWeek poll of the employers themselves.

The recognition comes at a time when Union Pacific is aggressively recruiting new employees to ensure consumer products, automobiles, coal and food continue to move across the nation's rail system. With nearly 40 percent of its workforce reaching retirement age in the next five years, Union Pacific is hiring several thousand employees in 2008, at all levels, from train service to management positions.

"Union Pacific brings a lot to the table when competing for top talent," said Barb Schaefer, senior vice president-Human Resources. "We work hard to provide employees with tools and skills necessary to advance quickly and take on jobs that are critical to running the nation's largest railroad."

In addition, UP offers a number of benefits that are attractive to job seekers, including tuition reimbursement, competitive benefits and compensations packages, affinity groups, fitness centers, systemwide training centers, mentoring and coaching, leadership and development programs, child care and an elder care referral network.

Union Pacific has been recognized a number of times for the opportunities it provides its workforce. In addition to BusinessWeek, Working Mother magazine, GI Jobs magazine, Forbes, Latina Style magazine, the National Business Group on Health and the United States Department of Defense also have honored Union Pacific.

To learn more about employment opportunities available at Union Pacific, applicants can visit the company Web site at www.up.com and click on the "Jobs at UP" section.

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 and serves the fastest-growing U.S. population centers. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul 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.

For further information, contact Mark Davis at (402) 544-5459.

The statements and information contained in the news releases provided by Union Pacific speak only as of the date issued. Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued. Union Pacific makes no commitment, and disclaims any duty, to update any of this information.