Exhibit 12

CON-WAY INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

Year Ended December 31,

(Dollars in
thousands)



|                                                              |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|------------------------------------------------------------- |  | ---- | ------- | - | ---- | - | ------- | ---- |  | - | ------- | - |  | ---- | ------- | - |  | - | ------- | -
|                                                              |  | 2007 |         |   | 2006 |   |         | 2005 |  |   | 2004    |   |  | 2003 |        
|Earnings:                                                     |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Income from continuing operations before income tax provision |  |      | 242,646 |   |      |   | 392,309 |      |  |   | 352,356 |   |  |      | 248,775 |   |  |   | 205,982 |  
|Add (deduct):                                                 |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Loss (Income) from equity investment (1)                      |  |      | 2,699   |   |      |   | (52,599 | )    |  |   | (16,061 | ) |  |      | (18,253 | ) |  |   | (20,718 | )
|Interest expense, net of capitalized interest (2)             |  |      | 42,805  |   |      |   | 34,791  |      |  |   | 38,465  |   |  |      | 43,647  |   |  |   | 30,715  |  
|Interest component of rental expense (3)                      |  |      | 8,711   |   |      |   | 7,384   |      |  |   | 7,733   |   |  |      | 6,590   |   |  |   | 8,976   |  
|                                                              |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Earnings as adjusted                                          |  |      | 296,861 |   |      |   | 381,885 |      |  |   | 382,493 |   |  |      | 280,759 |   |  |   | 224,955 |  
|                                                              |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Fixed Charges:                                                |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Interest expense, net of capitalized interest (2)             |  | $    | 42,805  |   |      | $ | 34,791  |      |  | $ | 38,465  |   |  | $    | 43,647  |   |  | $ | 30,715  |  
|Capitalized interest                                          |  |      | 514     |   |      |   | 917     |      |  |   | 136     |   |  |      | 173     |   |  |   | 241     |  
|Dividend requirement on Series B Preferred Stock (4)          |  |      | 7,651   |   |      |   | 8,173   |      |  |   | 9,114   |   |  |      | 9,797   |   |  |   | 10,072  |  
|Interest component of rental expense (3)                      |  |      | 8,711   |   |      |   | 7,384   |      |  |   | 7,733   |   |  |      | 6,590   |   |  |   | 8,976   |  
|                                                              |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Fixed Charges                                                 |  | $    | 59,681  |   |      | $ | 51,265  |      |  | $ | 55,448  |   |  | $    | 60,207  |   |  | $ | 50,004  |  
|                                                              |  |      |         |   |      |   |         |      |  |   |         |   |  |      |         |   |  |   |         |  
|Ratio of Earnings to Fixed Charges                            |  |      | 5.0     | x |      |   | 7.4     | x    |  |   | 6.9     | x |  |      | 4.7     | x |  |   | 4.5     | 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 are used to pay debt service on notes issued by Con-ways Retirement Savings Plan.
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