Union Pacific, ChemLogix Announce Transfer Agreement for Bulktainer Service Business

Omaha, Neb., March 28, 2008 – Union Pacific today announced an agreement to transfer its BulkTainer® Service to ChemLogix, LLC. ChemLogix will become the sole provider of BulkTainer Services to customers and Union Pacific will continue to provide rail transportation services for BulkTainers. BulkTainers are types of International Organization for Standardization intermodal tanks used for the long distance transportation of bulk liquids that combines the reliability of truck with the long-haul safety and efficiency of rail travel. The agreement is not expected to result in a change of the BulkTainer Services offered to customers.

"This is a win-win opportunity that will enable Union Pacific to focus on its core competency as a rail services provider and continue to provide BulkTainer customers with an intermodal alternative for long-haul tank truck shipments," said Diane Duren, vice president and general manager-Chemicals for Union Pacific Railroad.

"We are excited about the opportunity to add the BulkTainer product to the ChemLogix portfolio of transportation services. By combining BulkTainer Services with our technology enhancements, our product offering will meet and exceed the current and future needs of the chemical industry with regards to safety, service, environmental stewardship and cost effectiveness," said Steve Hamilton, president and CEO of ChemLogix.

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 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.

About ChemLogix

ChemLogix is a leading provider of comprehensive chemical industry transportation management services and technology along with supply chain consulting that enable its clients to improve performance and drive economic value. ChemLogix is dedicated to solving its customers’ most vital logistics challenges by leveraging chemical industry expertise, best-of-breed technology and a personalized, high-touch approach to deliver measurable, sustainable value.

For further information: Union Pacific contact: James Barnes (402) 544-3560 or
                                   ChemLogix contact: Steve Hamilton, (215) 461-3805.

"BulkTainer" is a registered trademark of the Union Pacific Railroad Company.

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.