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Union Pacific Acquires Railex LLC Assets

Food trains serve up growth in food and beverage industry

Omaha, Nebraska, January 3, 2017

Union Pacific today announced acquisition of Railex LLC's refrigerated and cold storage distribution assets in Delano, California; Wallula, Washington; and Rotterdam, New York. Acquisition does not include Railex Wine Services LLC.

Railex, a refrigerated rail service and third-party logistics leader, plays a key role in Union Pacific's Food Network transporting fruits, vegetables and other temperature-sensitive cargo across the United States.

"The Railex team developed a fantastic business changing how fresh food arrives on America's tables, offering food shippers fast, reliable door-to-door rail based transportation solutions," said Brad Thrasher, vice president and general manager – Agricultural Products.

"The integration of their highly efficient cross dock facilities and logistics capabilities into Union Pacific's broader Food Network allows us to offer our customers increased access to a wider range of capacity and service solutions in a rail-centric cold chain."

Union Pacific Food Trains directly serve Railex's Delano and Wallula facilities, located in the heart of major agricultural production regions. The Food Train network provides a fast and reliable service from these growing regions to the Midwest consumer base via Chicago and further into the heart of the Northeast region via the CSX. Railex will continue managing facilities during the transition and integration of its operations with Union Pacific. More about Union Pacific's Food Train network and services are available at up.com/customers.

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 connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. 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 and environmentally responsible manner.

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.

Media Contact

Raquel Espinoza
402-544-5034
respinoza@up.com
@raquelespinoza

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