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MEDIA CONTACT	ED WHALEN
TEL.	(312) 928-0856
FAX	(312) 928-0890
FOR IMMEDIATE RELEASE	Dec 12, 2003

Johnstown America delivers 600 aluminum coal cars to Union Pacific.

Johnstown, Pennsylvania, December 12, 2003 - Johnstown America Corporation will complete delivery of 600 aluminum coal cars of two different types to Union Pacific Railroad this month. The order includes 240 BethGon™ II gondolas and 360 AutoFlood III™ automatic discharge coal hopper cars. According to Union Pacific officials, the cars will be used to transport coal originating from Colorado to a variety of utilities.

Karen A. Watson, general director-mechanical purchasing at Union Pacific said, "This acquisition supports Union Pacific's 'Car of the Future' strategy which is a process of standardizing equipment types and upgrading our fleet to higher capacity 286,000-pound gross rail load capability."

Timothy D. Johnson, Johnstown America's vice president, sales - western region, said, "We are happy to provide these two car types for Union Pacific, as they are our newest designs. We are certain these cars will bring added efficiency to a good customer."

Johnstown America's BethGon II is an updated version of the traditional BethGon car, which is the most commonly used coal gondola car in western coal service. The aluminum BethGon, first introduced by Johnstown America in 1985, is a proven design reflecting many years and billions of miles of service. The aluminum AutoFlood III is a state of the art automatic discharge car that features Johnstown America's MegaFlo door system. It is a simple system that allows fast discharge of coal with extra wide door openings and positive sealing when closed. The AutoFlood III cars are also equipped with rotary couplers to enhance their versatility for use at different utilities. Both cars feature lighter tare weight, higher cubic capacity and durability to meet the rigors of long-haul coal train service.

Union Pacific Corporation is one of America's leading transportation companies. Its principal operating company, Union Pacific Railroad, is the largest railroad in North America, covering 23 states across the western two-thirds of the United States. A strong focus on quality and a strategically advantageous route structure enable the company to serve customers in critical and fast growing markets. It is a leading carrier of low-sulfur coal used in electrical power generation and has broad coverage of the large chemical-producing areas along the Gulf Coast. With competitive long-haul routes between all major West Coast ports and eastern gateways, and as the only railroad to serve all six gateways to Mexico, Union Pacific has the premier rail franchise in North America.

For over a century Johnstown America Corporation has been a leading producer of railcars in North America. Some of the car types JAC designs and builds are aluminum coal cars (it is the industry leader), flat cars, mill gondola cars, heavy haul intermodal cars, the new AVC aluminum motor vehicle carrier, and the VersaCoil™ steel coil car.

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