Union Pacific Corporation provided earnings guidance for the fiscal 2014. Assuming the economy cooperates, the company expects to deliver profitable revenue growth yet again in 2014, driven by modest volume and core pricing gains. For 2014, the company expects depreciation expense to increase at a more normalized rate, likely in the 6% to 7% range.

This range includes about $80 million of depreciation expense associated with Positive Train Control capital investments. In 2014, the company expects to increase capital spending from 2013's levels, pending final approval from Board of Directors in February.