CSX (CSX) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

CSX Corporation

Ratio of Earnings to Fixed Charges

(Millions of Dollars)

	For the Nine Months Ended Sept. 27, 2013			For the Fiscal Years Ended
				Dec. 28, 2012			Dec. 30, 2011			Dec. 31, 2010			Dec. 25, 2009			Dec. 26, 2008
EARNINGS:
Earnings before Income Taxes	$	2,280		$	2,964		$	2,888		$	2,546		$	1,746		$	2,332
Interest Expense		423			566			552			557			558			519
Amortization of debt discount		(2	)		(3	)		(3	)		(3	)		(4	)		5
Interest Portion of Fixed Rent		27			27			29			31			37			43
Undistributed Earnings of Unconsolidated Subsidiaries		(29	)		(29	)		(30	)		(33	)		(41	)		(75	)
Earnings, as Adjusted	$	2,699		$	3,525		$	3,436		$	3,098		$	2,296		$	2,824
FIXED CHARGES:
Interest Expense	$	423		$	566		$	552		$	557		$	558		$	519
Capitalized Interest		16			20			15			10			8			9
Amortization of debt discount		(2	)		(3	)		(3	)		(3	)		(4	)		5
Interest Portion of Fixed Rent		27			27			29			31			37			43
Fixed Charges	$	463		$	610		$	593		$	595		$	599		$	576
Ratio of Earnings to Fixed Charges		5.8x			5.8x			5.8x			5.2x			3.8x			4.9x