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Union Pacific Finalizes Land Transfer to Regional Transportation District

Omaha, Neb., June 30, 2009 – Union Pacific Corporation (NYSE: UNP) today announced the closing of a $118 million transfer of land to the Regional Transportation District (RTD) in Colorado.

 The agreement with the RTD involves Union Pacific's entire Boulder Industrial Lead, from Brighton Boulevard in Commerce City to Boulder, a distance of approximately 33 miles.  Union Pacific has reserved a rail easement to continue serving its freight customers on the first eight miles of the lead.  Freight operations will move to specified time windows once RTD begins construction.
  
This transaction will result in approximately a $115 million pre-tax gain for Union Pacific in the Second Quarter of 2009. 

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 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.

For further information, investors contact Jennifer Hamann (402) 544-4227 and media contact Donna Kush (402) 544-3573.

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 Such information by its nature may become outdated, and investors should not assume that the statements and information contained in Union Pacific's news releases remain current after the date issued.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