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Union Pacific Names Eric L. Butler Executive Vice President – Marketing and Sales

Bradley A. Thrasher Appointed Vice President – Industrial Products

Omaha, Neb., March 15, 2012 – Union Pacific's board of directors today named Eric L. Butler executive vice president – Marketing and Sales. Butler succeeds Jack Koraleski, who recently was appointed acting president and CEO while Chairman Jim Young is on medical leave.

Butler has nearly 26 years' experience with the railroad, most recently serving as vice president and general manager – Industrial Products. He previously held a variety of leadership roles in departments such as Supply, Finance and Human Resources. Butler earned his undergraduate degree and MBA from Carnegie-Mellon University.

"Eric has vast knowledge of our operations and customers' needs," Koraleski said. "We finished last year with the best customer satisfaction results in the company's 150-year history. I am extremely confident in Eric's ability to lead our Marketing and Sales team to continue our record-setting performance for customer satisfaction and service while helping us reach our safety and productivity goals, as well."

Union Pacific promoted Bradley A. Thrasher to vice president and general manager – Industrial Products, succeeding Butler. Thrasher has 24 years' experience with Union Pacific, most recently serving as assistant vice president and general manager – Union Pacific Distribution Services (UPDS). He earned his degree in business administration from Creighton University.

Kate M. Betsworth has been promoted to assistant vice president and general manager – UPDS. She has more than 18 years' experience with Union Pacific, most recently as assistant vice president – Industrial Products. Betsworth earned her degree in business administration from Iowa State University.

About Union Pacific

It was 150 years ago that Abraham Lincoln signed the Pacific Railway Act of July 1, 1862, creating the original Union Pacific. One of America's iconic companies, today Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP), linking 23 states in the western two-thirds of the country by rail and providing freight solutions and logistics expertise to the global supply chain. From 2000 through 2011, Union Pacific spent more than $31 billion on its network and operations, making needed investments in America's infrastructure and enhancing its ability to provide safe, reliable, fuel-efficient and environmentally responsible freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad serves many of the fastest-growing U.S. population centers and emphasizes excellent customer service. Union Pacific operates competitive routes from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways.

Union Pacific media contact:  Donna Kush at 402-544-3753 or dmkush@up.com.

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.