Union Pacific

OMAHA, Neb. — Union Pacific Corp. reported 2011 first quarter net income of $639 million, or $1.29 per diluted share, compared to $516 million, or $1.01 per diluted share, in the first quarter 2010. “We’ve started off strong in 2011 by achieving record results in the first quarter,” said Jim Young, Union Pacific chairman and chief executive officer. “We saw volume growth in all commodities and effectively leveraged that growth by running a safe and efficient network despite spiking fuel prices and winter weather challenges across most of the nation’s rail network. These efforts produced a best-ever first quarter operating

OMAHA, Neb. — Union Pacific Railroad announced that New Mexico Gov. Susana Martinez signed into law a bill passed by the New Mexico Legislature granting Union Pacific a locomotive fuel tax deduction. This legislation paves the way for Union Pacific to begin construction of an all new rail facility near Santa Teresa, New Mexico in June 2011.

OMAHA, Neb.– General Motors honored Union Pacific with a 2010 Supplier of the Year award at its annual awards presentation.

OMAHA, Neb. — Union Pacific Railroad Co. said it has determined the contingent interest and sinking fund payments due in respect of Available Net Income for 2010 under the terms of certain bonds and debentures originally issued by the Missouri Pacific Railroad Co. (MPRR).

OMAHA, Neb. — The Little Rock Express will depart May 29 from Kansas City, Mo., and conclude June 9 in Little Rock, Ark., as part of Union Pacific’s Great Excursion Adventure – You Route the Steam contest. More than 175,000 votes were cast for four different routes, with the Little Rock Express defeating the Tuscola Turn, Baton Rouge Rambler and Boise Express. As a result, Union Pacific’s legendary No. 3985 Challenger steam locomotive will make a goodwill tour starting in Kansas City, heading east through Jefferson City, Mo., and St. Louis before turning south en route to Little Rock. Details

OMAHA, Neb. — Corporate Responsibility has named Union Pacific Railroad among its 100 Best Corporate Citizens for the second consecutive year. Union Pacific is ranked No. 81 on the 2011 list.