Exhibit 12

Genesee & Wyoming Inc.

Ratio of Earnings to Fixed Charges

(in thousands)

	Six Months Ended June  30, 2012		Years Ended December 31,
			2011		2010		2009		2008		2007
Earnings:
Income from continuing operations before income taxes	$	89,379	$	158,024	$	108,833	$	75,991	$	97,884	$	90,795
Add: Total fixed charges		21,740		47,666		28,577		32,062		26,580		23,707
Less: Capitalized interest		1,712		1,969		—		—		—		—
Total earnings for computation of ratio	$	109,407	$	203,721	$	137,410	$	108,053	$	124,464	$	114,502
Fixed charges:
Interest expense on all debt, including capitalized interest and amortization of debt issue costs from continuing operations	$	18,950	$	40,586	$	23,147	$	26,902	$	20,610	$	14,735
Interest expense on all debt and amortization of debt issue costs from discontinued operations		—		—		—		—		—		2,462
Portion of rental expense on operating leases attributable to interest		2,790		7,080		5,430		5,160		5,970		6,510
Total fixed charges	$	21,740	$	47,666	$	28,577	$	32,062	$	26,580	$	23,707
Ratio of earnings to fixed charges		5.0		4.3		4.8		3.4		4.7		4.8