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ShipCarsNow Launches Online International Auto Transport for Auto Remarketers

Auburn Hills, Mich., September 08, 2010 – ShipCarsNow has launched a new online international auto transport service. In conjunction with overseas vessel operators, ShipCarsNow is expanding its nationwide auto transport service to international auto ports around the world.  ShipCarsNow is a leading transportation and logistics services provider for auto remarketers. It is part of Insight Logistics Network, a Union Pacific Corporation subsidiary.

"We are excited to bring this new online service to auto traders who export cars from the U.S.," said Jeff Grandstaff, ShipCarsNow general manager. "We are focused on making it easy, safe, and economical for auto traders to buy and ship cars online, domestically and globally."

Arranging transportation to export used cars can create a high level of uncertainty. ShipCarsNow makes the process easy and reliable. With just a click of the mouse on ShipCarsNow.com, auto traders can buy efficient, quality auto transport from anywhere in the U.S. to port destinations around the world. Wholesale auto traders can quickly determine their shipping cost and market more cars to foreign buyers with the international auto transport option provided by ShipCarsNow.

ShipCarsNow delivers vehicles through a robust multimodal auto transport network that includes truck, vessel service, local driveaway shuttles and enclosed rail transport. Union Pacific Railroad is North America's largest automotive carrier. It directly serves five vehicle assembly plants and distributes imported vehicles from seven West Coast ports and one Gulf Coast port. Union Pacific operates or accesses 43 vehicle distribution centers, covering most major western U.S. cities.

By joining the world's leading maritime network, ShipCarsNow helps U.S. auto traders expand their markets globally. 

"Union Pacific and ShipCarsNow are proud to offer global auto transport service to the used car industry," said Julie Krehbiel, vice president and general manager, automotive, Union Pacific Railroad. "With maritime partners adding more than 140-years experience in ocean transportation to its portfolio of services, ShipCarsNow's customers are ensured quality, reliability and outstanding customer service."

International auto transport vessels safely carry several million vehicles annually. Shipping vehicles on a Roll on, Roll off (RoRo) vessel is the safest and easiest way to ship vehicles overseas. Vehicles shipped by RoRo vessel are less prone to damage compared to vehicles stuffed inside cargo containers. Vehicles are carefully driven onto the RoRo vessel and secured with wheel straps and chocks. They are stored under deck where they stay clean and dry without exposure to salt water or extreme weather conditions.

As part of its new international service, ShipCarsNow offers customers cargo insurance through marine insurance broker AON Risk Solutions.

"Maritime law limits steamship companies to a maximum liability of $500 per vehicle," Grandstaff said. "While we believe RoRo transport is the safest way to move a car overseas, we want to provide auto shippers total confidence and peace of mind by offering the option of cargo insurance."

Customers can insure their vehicles for up to 150 percent of their Kelley Blue Book value to cover their costs as well as freight and other transaction costs. Customers who purchase cargo insurance from ShipCarsNow receive the benefit of coverage for the entire move, from U.S. inland origin to the international port of call.

Auto traders who export cars from the United States will find it easier than ever to arrange efficient, safe and economical auto transport through ShipCarsNow. For more information about international auto transportation, visit http://www.shipcarsnow.com or call toll free at 1-866-207-3360.

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. Union Pacific serves many of the fastest-growing U.S. population centers and provides Americans with a fuel-efficient environmentally friendly and safe mode of freight transportation. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad emphasizes excellent customer service and offers competitive 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.

About ShipCarsNow

ShipCarsNow is a subsidiary of Insight Network Logistics and part of the Union Pacific Corporation. Formed in 2006, ShipCarsNow was created to provide the used car industry with affordable multimodal auto shipping services. The company now brings global resources and technology to the auto remarketing industry as a natural extension of Insight's logistics and transportation operations for new car distribution. ShipCarsNow.com provides used car shippers (e.g. auto manufacturers, auto auctions, dealers, finance companies, fleet operators, etc.) with a fast and easy way to book affordable vehicle transportation online.

For more information, visit http://www.ShipCarsNow.com or contact ShipCarsNow Toll Free (866) 207-3360.

Contact: Jeff Grandstaff, General Manager ShipCarsNow; (248) 340-8524; jgrandstaff@shipcarsnow.com, www.shipcarsnow.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.