Union Pacific News Release:

Union Pacific Corporation Invites You to Join Its Fourth Quarter 2013 Earnings Release Broadcast

Omaha, Neb., December 23, 2013 – You are invited to listen to Union Pacific Corporation's (NYSE: UNP) fourth quarter 2013 earnings release presentation that will be broadcast live over the Internet and via teleconference on Thursday, Jan. 23, 2014, at 8:45 a.m. Eastern Time.

Live over the Internet by logging on to the Web at the address above OR Dial-in telephone access Domestic 877/407-8293 International 201/689-8349 If you are unable to participate during the live teleconference, presentation materials and the call will be archived on Union Pacific's website at www.up.com/investors

What:	Union Pacific Corporation's Fourth Quarter 2013 Earnings Release
When:	Thursday, Jan. 23, 2014, at 8:45 a.m. ET
Where:	Union Pacific's website at www.up.com/investors
How:	Live over the Internet by logging on to the Web at the address above OR Dial-in telephone access - Domestic 877/407-8293 International 201/689-8349

If you are unable to participate during the live teleconference, presentation materials and the call will be archived on Union Pacific's website at www.up.com/investors . An MP3 downloadable audio file will also be available at the same location.

About Union Pacific

Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad links 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2007-2012, Union Pacific invested $18 billion in its network and operations to support America's transportation infrastructure, including a record $3.7 billion in 2012. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient andenvironmentally responsible manner.