Rob Knight, executive vice president - Finance and chief financial officer of Union Pacific Corporation (NYSE: UNP), will participate in a panel discussion on rail industry topics at the Goldman Sachs Global Industrials Conference at 1:30 p.m. ET on Wednesday, November 5, 2008 in New York City.

Interested investors may listen to the presentation via a live Internet webcast. The audio webcast and presentation material will be available through our Web site at www.up.com under Investors. To listen to the call, please go to our Web site at least fifteen minutes early to register and install any necessary software. Following the live webcast, an Internet replay of the presentation will be available through Union Pacific’s Web site.

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.

Additional information is available at Union Pacific’s Web site: www.up.com. The contact for investors is Jennifer Hamann at (402) 544-4227.

Union Pacific Corporation
For Investors:
Jennifer Hamann, 402-544-4227
www.up.com