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Union Pacific Railroad Announces ShipCarsNow to Relocate to Omaha

Omaha, Neb., January 05, 2011 – Union Pacific Railroad announced today that it will relocate its ShipCarsNow subsidiary to its headquarters building in Omaha, Neb., from Auburn Hills, Mich., beginning this month.

"Relocating ShipCarsNow to Omaha allows Union Pacific and ShipCarsNow to leverage common systems in order to strengthen and grow our auto transport services in the U.S. and international markets," said Julie Krehbiel, Union Pacific vice president and general manager - Automotive.

Established by Union Pacific in 2006, ShipCarsNow delivers used vehicles for businesses in the U.S. and around the world through a multimodal auto transport network that includes truck, enclosed rail transport, driveaway shuttles, and ocean-going vessels. ShipCarsNow is one of the few online auto transport companies to provide instant, online quotes for both domestic and international auto shipping. Business customers such as dealers and remarketers can register online to get the lowest price auto transport quotes, and place and track orders 24/7 by visiting www.ShipCarsNow.com or calling toll free 1-866-207-3360.

Union Pacific 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.

ShipCarsNow will bring 21 jobs to Nebraska. About half are relocations while others are new positions or transfers within the company. This is in addition to approximately 12 information technology jobs in Omaha that are already supporting its Web technology. ShipCarsNow hopes to further expand its workforce in Omaha over the coming years as it seeks new business opportunities

About ShipCarsNow

ShipCarsNow is a subsidiary of Union Pacific Railroad. Formed in 2006, ShipCarsNow was created to provide the used car industry with affordable multimodal auto shipping services. The company brings global resources and technology to auto remarketing businesses as a natural extension of Union Pacific's automotive 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 www.ShipCarsNow.com or contact ShipCarsNow toll free (866) 207-3360.

About Union Pacific Railroad

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 responsible 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, making it North America's premier rail franchise.

Media contact: Tom Lange, 402-544-3560 or tomlange@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.