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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 28, 1998
Union Pacific Railroad Company
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-6146 94-6001323
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1416 Dodge Street, Omaha, Nebraska 68179
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (402) 271-5000
N/A
Former Name or Former Address, if Changed Since Last Report
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Item 5. Other Events.
Attached as an Exhibit is the Press Release issued by Union
Pacific Corporation, the corporate parent of Union Pacific Railroad
Company, on May 28, 1998 announcing Union Pacific Corporation's
expectation of a loss from continuing operations in the second
quarter of 1998, which is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
99 Press Release dated May 28, 1998 announcing
Union Pacific Corporation's expectation of a
loss from continuing operations in the second
quarter of 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Union Pacific Railroad Company has duly caused this Report to be
signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 28, 1998
UNION PACIFIC RAILROAD COMPANY
By: /s/ Carl W. von Bernuth
-----------------------
Carl W. von Bernuth
Vice President, General
Counsel and Secretary
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EXHIBIT INDEX
Exhibit Description
99 Press Release dated May 28, 1998 announcing Union
Pacific Corporation's expectation of a loss from
continuing operations in the second quarter of 1998.
EXHIBIT 99
UNION PACIFIC EXPECTS SECOND QUARTER LOSS
Dallas, TX, May 28 -- Union Pacific Corporation (NYSE: UNP)
announced today that it expects to report a loss from continuing
operations in the second quarter. Although congestion on the 35,000
mile rail system is abating, revenues, costs and customer claims in
the quarter continue to be adversely affected. The Company said it
continues to settle shippers' claims on a case-by-case basis where
it can and to litigate those on which it cannot negotiate a
settlement.
In addition, as previously reported, the Company will report
a loss from discontinued operations as the result of the planned
100% initial public offering of shares of Overnite Transportation
Company.
(This press release contains forward-looking statements within
the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. Such forward-looking information is based on
information available at that time and is subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed herein. Important factors that could cause
such differences include, but are not limited to, whether the
Railroad is fully successful in overcoming its congestion-related
problems and implementing its Service Recovery Plan, industry
competition, regulatory developments, natural events such as floods
and earthquakes, the effects of adverse general economic conditions,
fuel prices, labor strikes, the impact of the year 2000 systems
problems and the ultimate outcome of shipper claims related to
congestion, environmental investigations or proceedings and other
types of claims and litigations.)
