Union Pacific 2009 Annual Report Download - page 14

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14
storage yards, and expansions of existing facilities. This industry similarly has high barriers to entry, and
if one of these suppliers discontinues operations for any reason, including bankruptcy or insolvency, we
could experience both significant cost increases for rail purchases and difficulty obtaining sufficient rail
for maintenance and other projects.
We May Be Affected by Acts of Terrorism, War, or Risk of War – Our rail lines, facilities, and equipment,
including rail cars carrying hazardous materials, could be direct targets or indirect casualties of terrorist
attacks. Terrorist attacks, or other similar events, any government response thereto, and war or risk of war
may adversely affect our results of operations, financial condition, and liquidity. In addition, insurance
premiums for some or all of our current coverages could increase dramatically, or certain coverages may
not be available to us in the future.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
We employ a variety of assets in the management and operation of our rail business. Our rail network
covers 23 states in the western two-thirds of the U.S.