SECTION 16 OF THE
SECURITIES EXCHANGE ACT OF 1934

POWER OF ATTORNEY


KNOW ALL MEN BY THESE PRESENTS THAT I, Jane H. Lute,
a member of the Board of Directors of Union Pacific
Corporation, a Utah corporation (the "Company"), do hereby
appoint Diane K. Duren, James J. Theisen, Jr., Trevor L.
Kingston, Heather A. Fredrick and Nicole M. Deardorff, and each of them acting
individually, as my true and lawful attorney-in-fact, each with
power to act without the other in full power of substitution,
to execute, deliver and file, for and on my behalf, and in my
name and in my capacity as a director of Union Pacific Corporation,
any and all Forms 3, Forms 4 or Forms 5 under Section 16 of the
Securities Exchange Act of 1934 and the rules and interpretations
promulgated thereunder, and any other documents in support thereof
or supplemental or amendatory thereto, with respect to the
ownership by or attributable to me, directly or indirectly,of
equity securities of the Company, or derivative securities
relating thereto, hereby granting to such attorneys and each
of them full power and authority to do and perform each and
every act and thing whatsoever as such attorney or attorneys
may deem necessary or advisable to carry out fully the intent
of the foregoing as I might or could do personally or in my
capacity as a director, hereby ratifying and confirming all
acts and things which such attorney or attorneys may do or cause
to be done by virtue of this Power of Attorney.

IN WITNESS WHEREOF, I have executed this Power of Attorney as of
April 4, 2016.


/s/ Jane H. Lute
__________________________________
Jane H. Lute