Union Pacific Named Most Admired Railroad

Leads Fortune 2006 Industry List of Most Admired Companies

Omaha, Neb., February 27, 2006Fortune magazine has named Union Pacific the most admired railroad in its America’s Most Admired Companies railroad industry list. The list and related stories appear in the March 6 issue, on newsstands today, and at www.fortune.com.

Union Pacific is the U.S. industry leader in all eight categories on the list: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of products and services. The rankings are determined in a survey of industry analysts, boards of directors and corporate and railroad executives.

"We are honored to have been named America’s most admired railroad," said Jim Young, president and CEO, Union Pacific. "The spotlight for this accomplishment shines directly on our 50,000 employees who are truly the heroes in our company’s success. In light of unprecedented business demands, we are successfully maintaining focus to stay on track."

For more information about Union Pacific, visit www.up.com.

Jobs at Union Pacific

During 2006, 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, please contact James Barnes at (402) 544-3560.

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 Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued.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.