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Business Description
Union Pacific Corporation operates primarily in the areas of rail transportation, through its indirect wholly owned subsidiary Union Pacific Railroad Company, and trucking, through its indirect wholly owned subsidiaries Overnite Transportation Company and Motor Cargo Industries, Inc. Union Pacific Railroad Company is a Class I railroad that operates in the United States, with over 33,000 route miles linking Pacific Coast and Gulf Coast ports to the Midwest and eastern United States gateways and several north/south corridors to key Mexican gateways. Overnite is a major interstate trucking company specializing in less-than-truckload (LTL) shipments. Motor Cargo is a western regional LTL carrier that provides service throughout 10 western states. The Company's other product lines are comprised of the corporate holding company, which largely supports the Railroad, Fenix LLC, affiliated technology companies and self-insurance activities.

Financial Information
UNP operates through subsidiaries in the areas of rail transportation (Union Pacific Railroad Co. and Southern Pacific Rail Corp.) and trucking (Overnite Transportation Company). For the six months ended 6/30/02, revenues rose 3% to $6.12 billion. Net income increased 24% to $526 million. Revenues reflect growth in the trucking segment due to the acquisition of Motor Cargo. Higher income also reflects lower fuel costs and reduced interest expenses.