Exhibit 12.1

BNSF RAILWAY COMPANY and SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratio amounts)

(Unaudited)

		Six Months Ended June 30,
		2013		2012
Earnings:
Income before income taxes	$	3,055	$	2,674
Add:
Interest and other fixed charges, excluding capitalized interest		35		29
Reasonable approximation of portion of rent under long-term operating           leases representative of an interest factor		95		99
Distributed income of investees accounted for under the equity method		3		3
Amortization of capitalized interest		1		1
Less:
Equity in earnings of investments accounted for under the equity method		5		6
Total earnings available for fixed charges	$	3,184	$	2,800
Fixed charges:
Interest and fixed charges	$	50	$	41
Reasonable approximation of portion of rent under long-term operating leases    representative of an interest factor		95		99
Total fixed charges	$	145	$	140
Ratio of earnings to fixed charges		21.96x		20.00x

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