No Hiring Slowdown at Union Pacific

North America's Largest Railroad Continues to Seek Train Service Employees

Omaha, Neb., June 21, 2006 – Recent statistics released by the United States Department of Labor indicate a hiring slowdown within many U.S. industries – that is not the case at Union Pacific. The railroad continues to aggressively recruit and hire new train service employees to ensure consumer products, automobiles, coal and food continue to move across the nation’s rail system.

"Train service employees are critical to the success of Union Pacific and its customers," said Barb Schaefer, senior vice president – Human Resources. "They handle the safe movement of freight trains and switching of rail cars in our rail yards. Quite frankly, without them critical resources needed to keep our nation running just wouldn’t get where they need to go. That’s why we offer people in these positions great wages, benefits and the opportunity for advancement."

The men and women handling train service duties across the Union Pacific system are directly involved in train operation and movement, switching operations, and train and equipment inspections. The railroad provides all training required for the positions and train service positions offer excellent benefits and pay of up to $40,000 in the first year and $75,000 in future years. There also is the opportunity for advancement to other positions within Union Pacific.

"With more than 40 percent of our existing workforce reaching retirement age in the next 10 years, we have a need to keep hiring," said Schaefer. "As new employees come on board, we want to give them the opportunity to learn and gain the experience needed to maintain the strong standards set by our current workforce."

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." People without access to computers should visit their local job service, public library or copy center. Applicants should be a minimum of 18 years of age. People who receive a job offer are required to successfully complete a medical exam, drug test, physical ability test and background investigation.

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.