EXHIBIT 12

Trinity Industries, Inc. and Subsidiaries

Computation of Ratio of Earnings To Fixed Charges

		For the Year Ended									Nine Months
		December 31,									Ended			Year Ended
											December 31,			March 31,
		2004			2003			2002			2001			2001
		(in millions)
Earnings:
Earnings (loss) before provision for income taxes		$	(15.1	)	$	(14.3	)	$	(24.4	)	$	(40.5	)	$	(116.3	)
Add: Total fixed charges			60.4			45.7			46.2			26.8			32.7
Total earnings before provision for income taxes		$	45.3		$	31.4		$	21.8		$	(13.7	)	$	(83.6	)
Fixed Charges:
	Interest expense	$	42.8		$	34.9		$	36.3		$	21.7		$	28.9
	Portion of rental expense representative of interest		17.6			10.8			9.9			5.1			3.8
Total Fixed Charges		$	60.4		$	45.7		$	46.2		$	26.8		$	32.7
Ratio of Earnings to Fixed Charges			0.75			0.69			0.47			(0.51	)		(2.56	)

Footnote:

(a) Earnings were inadequate to cover fixed charges for the year ended December 31, 2004, 2003 and 2002, the nine months ended December 31, 2001 and the year ended March 31, 2001. The deficiencies for those periods were $15.1 million, $14.3 million $24.4 million, $40.5 million and $116.3 million, respectively.