Union Pacific Railroad President & COO to Address JP Morgan Logistics Conference

    OMAHA, Neb., Sept. 4 Ike Evans, president and chief
operating officer of Union Pacific Railroad, a subsidiary of Union Pacific
Corporation , will address the JP Morgan Logistics Conference on
Friday, September 7, 2001 at 8:35 a.m. Eastern time.
    The presentation will review Union Pacific's market opportunities,
productivity initiatives, and outlook.
    Interested investors may listen to the presentation via a teleconference
call.  To use the dial-in access, call (800) 937-6988 or International (706)
643-0893 after 8:20 a.m. Eastern time.  The conference I.D. number is 1524190.
In addition, you can view the slides presented at the conference through our
web site at http://www.up.com .
    For those who are unable to listen to the live teleconference, a replay
will be available shortly after the conclusion of the presentation.  The
replay numbers are (800) 642-1687 or International (706) 645-9291 with the
same I.D. number as the live teleconference.

    Union Pacific Corporation is one of America's leading transportation
companies.  Its principal operating company, Union Pacific Railroad, is the
largest railroad in North America, covering 23 states across the western
two-thirds of the United States.  A strong focus on quality and strategically
advantageous route structure enable the company to serve customers in critical
and fast growing markets.  It is a leading carrier of low-sulfur coal used in
electrical power generation and has broad coverage of the large
chemical-producing areas along the Gulf Coast.  With competitive long-haul
routes between all major West Coast ports and eastern gateways, and as the
only railroad to serve all six gateways to Mexico, Union Pacific has the
premier rail franchise in North America.  The Corporation also owns Overnite
Transportation, a nationwide less-than-truckload carrier, and Fenix, a group
of affiliated technology companies.

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