SECTION 16 OF THE
SECURITIES EXCHANGE ACT OF 1934

POWER OF ATTORNEY


KNOW ALL MEN BY THESE PRESENTS THAT I, Rhonda S. Ferguson,
Executive Vice President & Chief Legal Officer of Union
Pacific Corporation, a Utah corporation (the "Company"), do
hereby appoint Diane K. Duren, James J. Theisen, Jr., Heather A.
Fredrick, Trevor L. Kingston 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 an officer of
the Company, a Form 3 and any and all 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 an
officer, 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 July 1, 2016.


/s/ Rhonda S. Ferguson
__________________________________
Rhonda S. Ferguson