1 Exhibit 12.1 The J.H. Heafner Company, Inc. Statement Regarding: Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends (Amounts in thousands, except ratio amounts) Three months Three months Ended Ended March 31, March 31, 1999 1998 (unaudited) (unaudited) ------------ ------------ Consolidated pretax income (loss) from continuing operations (2,053) (757) Interest 5,112 1,698 Interest portion of rent expense 2,179 991 Amortization of Deferred Debt Issuance Costs and Deferred Financing Costs 217 163 Preferred stock dividend requirements of majority-owned subsidiaries -- -- -------- -------- Earnings 5,455 2,095 ======== ======== Interest 5,112 1,698 Interest portion of rent expense 2,179 991 Amortization of Deferred Debt Issuance Costs and Deferred Financing Costs 217 163 Preferred stock dividend requirements of majority-owned subsidiaries -- -- -------- -------- Fixed Charges 7,508 2,852 ======== ======== Ratio of Earnings to Fixed Charges -- -- ======== ========