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EXHIBIT 12
EGL, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
<Table>
<Caption>
YEAR ENDED DECEMBER 31,
-----------------------------------------------------
2002 2001 2000 1999 1998
------- ------- ------- ------- -------
EARNINGS (LOSS):
Pretax income (loss) 15,116 (66,011) 12,441 84,020 65,441
Deduct:
Minority interest 1,006 1,161 1,654 920 928
Income (loss) from affiliates (7,467) (3,145) 1,599 3,922 3,853
Add:
Fixed charges 36,168 33,269 20,095 13,825 10,571
Amortization of capitalized interest -- -- -- -- --
Distributed income of equity investees -- -- -- -- --
Share of pre-tax losses of equity investees for which charges
arising from guarantees are included in fixed charges -- -- -- -- --
Subtract:
Interest capitalized 986 854 -- -- --
Preference security dividend -- -- -- -- --
Minority interest in pretax income of subsidiaries that have
incurred fixed charges -- -- -- -- --
TOTAL EARNINGS (LOSS) 58,771 (29,290) 32,591 94,843 73,087
FIXED CHARGES:
Interest costs expensed 9,207 10,543 7,005 3,193 1,953
Interest costs capitalized 986 854 -- -- --
Amoritization of debt discount or premium 2,078 1,279 245 60 15
Debt guarantee of equity investees 1,300 -- -- -- --
Rental expense 67,790 61,778 38,536 31,717 25,810
Portion of rental expense as can be demonstrated to be
representative of the interest factor 22,597 20,593 12,845 10,572 8,603
TOTAL FIXED CHARGES 36,168 33,269 20,095 13,825 10,571
RATIO 1.62 1.62 6.86 6.91
SHORT FALL FOR THE YEAR ENDED DECEMBER 31, 2001 62,559
</Table>
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