Exhibit 12

United Parcel Service, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

	Three  months Ended March 31, 2010		Year Ended December 31,
			2009		2008		2007		2006		2005
Earnings:
Income before income taxes	$	953	$	3,366	$	5,015	$	431	$	6,510	$	6,075
Add: Interest expense		85		445		442		246		211		172
Add: Interest factor in rental expense		50		207		278		296		304		281
Total earnings	$	1,088	$	4,018	$	5,735	$	973	$	7,025	$	6,528
Fixed charges:
Interest expense	$	85	$	445	$	442	$	246	$	211	$	172
Interest capitalized		6		37		48		67		48		32
Interest factor in rental expense		50		207		278		296		304		281
Total fixed charges	$	141	$	689	$	768	$	609	$	563	$	485
Ratio of earnings to fixed charges		7.7		5.8		7.5		1.6		12.5		13.5