Tentative Agreement Reached Ahead of Current Deal’s Expiration

Union Pacific Railroad and the National Conference of Firemen & Oilers (NCFO) announced a tentative agreement that will be sent to NCFO members for ratification. The tentative agreement covers a five-year term and includes wage increases, additional vacation time, health and welfare benefits and minor work rule changes.

“Today's agreement will allow all of us, as railroaders, to focus on the future, growing together and providing the service we sold to our customers,” said Union Pacific CEO Jim Vena. “I want to thank the NCFO leadership for working together through these negotiations.”

Union Pacific and NCFO reached the tentative agreement before the current one expires July 1.

“I want to thank Union Pacific’s Labor Relations and Mechanical teams for their hard work on this agreement,” said NCFO President Michael Pistone. “We need to continue to look at ways to work together, so the NCFO members and Union Pacific can continue to progress into the future.”

ABOUT UNION PACIFIC

Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

www.up.com www.facebook.com/unionpacific www.twitter.com/unionpacific

Union Pacific Media Contact: Kristen South at 402-544-5034 or media@up.com

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