Exhibit 12.1

BNSF RAILWAY COMPANY and SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratio amounts)

(Unaudited)

		Three Months Ended March 31,
		2013		2012
Earnings:
Income before income taxes	$	1,462	$	1,245
Add:
Interest and other fixed charges, excluding capitalized interest		24		15
Reasonable approximation of portion of rent under long-term operating           leases representative of an interest factor		47		50
Distributed income of investees accounted for under the equity method		2		2
Less:
Equity in earnings of investments accounted for under the equity method		2		3
Total earnings available for fixed charges	$	1,533	$	1,309
Fixed charges:
Interest and fixed charges	$	31	$	21
Reasonable approximation of portion of rent under long-term operating leases    representative of an interest factor		47		50
Total fixed charges	$	78	$	71
Ratio of earnings to fixed charges		19.65x		18.44x

E-2