New Union Pacific Locomotive Honors Men and Women of Chicago & North Western Railroad

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Omaha, Neb., July 17, 2006 – Another tribute to a great railroad is riding the rails. The latest addition to Union Pacific's Heritage Series of locomotives, the Chicago & North Western locomotive, was introduced Saturday during a special employee event in Chicago. The new locomotive incorporates C&NW's historic colors and graphic elements to honor the men and women of the Chicago & North Western.

"The many railroads that have become a part of Union Pacific added more than track and territory, they also contributed the expertise and knowledge of the many people who worked for those great lines," said Bob Turner, senior vice president-Corporate Relations. "The creation of our Heritage Series is just one way we are honoring the generations of men and women who helped to build a great nation and the foundation for our future."

The Chicago & North Western locomotive joins the Denver & Rio Grande Western locomotive unveiled in June 2006, the Katy locomotive rolled out in September 2005, and the Missouri Pacific and Western Pacific locomotives unveiled in July 2005. One more Heritage Series locomotive, the Southern Pacific, will be introduced in August 2006. All honor the people and the railroads that have made Union Pacific what it is today.

The Chicago & North Western was a road of contrasts — serving Chicago commuters, Michigan iron mines and Illinois coal fields. It amassed a sprawling network of branch lines throughout the Midwest and established the industry's first safety campaign by coining the phrase "Safety First."

The line also was a key link between Chicago and the West. Chicago & North Western was the first railroad to connect with Union Pacific at Council Bluffs in 1867, and in 1984, partnered with UP to open a connector line to the coal fields in Wyoming's Powder River Basin – enabling the region to become a major U.S. energy source. The Chicago & North Western and Union Pacific merged in 1995.

The Heritage Series marks the fifth time in company history that Union Pacific has painted locomotives in colors other than the traditional UP "Armour Yellow" paint scheme. Previously, locomotives were custom painted in 1991 to honor UP employees serving in the Persian Gulf War, in 1994 to call attention to the United Way Campaign, in 1996 for the Atlanta Games Olympic Torch Relay Train, and in 2002 for the Salt Lake City Games Olympic Torch Relay Train.

Jobs at Union Pacific

Currently, Union Pacific has job openings at many locations throughout its 23-state operating system. Opportunities are available in train service, skilled disciplines (e.g., diesel mechanics and electricians) and management. Interested applicants are encouraged to visit www.up.com and click on "Jobs at UP."

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 more information, contact Gene Hinkle at (402) 514-9406.

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.