Exhibit 12

Genesee & Wyoming Inc.

Ratio of Earnings to Fixed Charges and Ratio of Earnings to Fixed Charges Plus Preferred Stock Dividends

(in thousands)

	Six Months Ended		Years Ended December 31,
	June 30, 2015		2014		2013		2012		2011		2010
Earnings:
Income from continuing operations before income taxes and income from equity investment	$	122,903	$	368,113	$	318,387	$	83,278	$	158,015	$	108,833
Add: Total fixed charges		43,060		63,727		77,143		71,102		47,672		28,580
Less: Capitalized interest		323		—		1,227		2,725		1,969		—
Total earnings for computation of ratio	$	165,640	$	431,840	$	394,303	$	151,655	$	203,718	$	137,413
Fixed charges:
Interest expense on all debt, including capitalized interest and amortization of debt issue costs from continuing operations	$	31,603	$	56,162	$	69,121	$	65,570	$	40,586	$	23,147
Portion of rental expense on operating leases attributable to interest		11,457		7,565		8,022		5,532		7,086		5,433
Total fixed charges	$	43,060	$	63,727	$	77,143	$	71,102	$	47,672	$	28,580
Plus: preferred stock dividends		—		—		2,139		4,375		—		—
Total fixed charges plus preferred stock dividends	$	43,060	$	63,727	$	79,282	$	75,477	$	47,672	$	28,580
Ratio of earnings to fixed charges		3.8		6.8		5.1		2.1		4.3		4.8
Ratio of earnings to fixed charges plus preferred stock dividends		3.8		6.8		5.0		2.0		4.3		4.8