Exhibit 12

CON-WAY INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Year Ended December 31,

(Dollars in thousands)

	2010			2009			2008			2007			2006
Earnings:
Income (Loss) from continuing operations before income tax provision	$	16,557		$	(90,269	)	$	134,917		$	242,646		$	392,309
Add (deduct):
Loss (Income) from equity investment (1)		—			—			—			2,699			(52,599	)
Interest expense, net of capitalized interest (2)		59,015			64,440			62,936			42,805			34,791
Interest component of rental expense (3)		6,334			7,305			12,012			8,711			7,384
Earnings (Loss) as adjusted	$	81,906		$	(18,524	)	$	209,865		$	296,861		$	381,885
Fixed Charges:
Interest expense, net of capitalized interest (2)	$	59,015		$	64,440		$	62,936		$	42,805		$	34,791
Capitalized interest		—			146			645			514			917
Dividend requirement on Series B Preferred Stock (4)		—			3,189			7,134			7,651			8,173
Interest component of rental expense (3)		6,334			7,305			12,012			8,711			7,384
Fixed Charges	$	65,349		$	75,080		$	82,727		$	59,681		$	51,265
Ratio of Earnings (Loss) to Fixed Charges		1.3	x		(0.2	)x		2.5	x		5.0	x		7.4	x

(1)	The year ended December 31, 2006, includes a gain of $41.0 million for the sale of Menlo Worldwide’s membership interest in its equity investment. In 2007, operating income included a $2.7 million first-quarter loss for the write-off of a receivable related to such sale.
(2)	Includes amortization of debt issuance cots classified in miscellaneous, net for periods prior to 2007.
(3)	Estimate of the interest portion of lease payments.
(4)	Dividends on shares of the Series B cumulative convertible preferred stock were used to pay debt service on notes issued by Con-way’s Retirement Savings Plan. The notes were repaid at maturity in January 2009.