Exhibit 12

United Parcel Service, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

	Nine Months Ended September 30, 2009		Year Ended December 31,
			2008		2007		2006		2005		2004
Earnings:
Income before income taxes	$	2,183	$	5,015	$	431	$	6,510	$	6,075	$	4,922
Add: Interest expense		356		442		246		211		172		149
Add: Interest factor in rental expense		151		278		296		304		281		253
Total earnings	$	2,690	$	5,735	$	973	$	7,025	$	6,528	$	5,324
Fixed charges:
Interest expense	$	356	$	442	$	246	$	211	$	172	$	149
Interest capitalized		31		48		67		48		32		25
Interest factor in rental expense		151		278		296		304		281		253
Total fixed charges	$	538	$	768	$	609	$	563	$	485	$	427
Ratio of earnings to fixed charges		5.0		7.5		1.6		12.5		13.5		12.5