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 Six Months Six Months Ended Ended Ended Ended June 30, June 30, June 30, June 30, 1999 1998 1999 1998 (unaudited) (unaudited) (unaudited) (unaudited) ------------ ------------ ----------- ----------- Consolidated pretax income (loss) from continuing operations 2,052 (1,518) (1) (2,275) Interest 5,575 2,828 10,687 4,497 Interest portion of rent expense 2,201 1,318 4,387 2,309 Preferred stock dividend requirements of majority-owned subsidiaries -- -- -- -- ------- ------- ------- ------- EARNINGS 9,828 2,628 15,073 4,531 ======= ======= ======= ======= Interest 5,575 2,828 10,687 4,497 Interest portion of rent expense 2,201 1,318 4,387 2,309 Preferred stock dividend requirements of majority-owned subsidiaries -- -- -- -- ------- ------- ------- ------- FIXED CHARGES 7,776 4,146 15,074 6,806 ======= ======= ======= ======= RATIO OF EARNINGS TO FIXED CHARGES 1.26 -- -- -- ======= ======= ======= =======