Exhibit 12(a) CNF TRANSPORTATION INC. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES <CAPTIONS> Year Ended December 31, 1997 1996 1995 1994 1993 (dollars in thousands) Fixed Charges: Interest Expense $ 39,553 $ 39,766 $ 33,407 $ 27,065 $ 29,890 Capitalized Interest 2,077 2,092 731 793 531 Preferred Dividends 12,377 12,645 12,419 12,475 12,551 Total Interest 54,007 54,503 46,557 40,333 42,972 Interest Component of Rental Expense (1) 35,607 28,521 29,210 28,776 27,832 Fixed Charges 89,614 83,024 75,767 69,109 70,804 Less: Capitalized Interest 2,077 2,092 731 793 531 Preferred Dividends 12,377 12,645 12,419 12,475 12,551 Net Fixed Charges $ 75,160 $ 68,287 $ 62,617 $ 55,841 $ 57,722 Earnings: Income from continuing operations before Taxes $221,814 $147,132 $152,942 $165,129 $ 66,202 Add: Net Fixed Charges 75,160 68,287 62,617 55,841 57,722 Total Earnings $296,974 $215,419 $215,559 $220,970 $123,924 Ratio of Earnings to Fixed Charges: Total Earnings $296,974 $215,419 $215,559 $220,970 $123,924 Fixed Charges (2) 89,614 83,024 75,767 69,109 70,804 Ratio 3.3 x 2.6 x 2.8 x 3.2 x 1.8 x <FN> (1) Prior years have been restated for change in method of computing interest component of rental expense. (2) Fixed Charges represent interest on capital leases and short-term and long-term debt, capitalized interest, dividends on shares of the Series B Cumulative Convertible Preferred Stock used to pay debt service on notes issued by the Company's Thrift and Stock Plan (the "TASP"), and the applicable portion of the consolidated rent expense which approximates the interest portion of lease payments. </FN>