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RYDER SYSTEM INC Director's Dealing 2005

May 10, 2005

30770_dirs_2005-05-10_cd05ff5b-ac4d-4904-9b77-a543b8756670.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2005-05-06

Reporting Person: VARNEY CHRISTINE A (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-06 Common Stock A 2178 $0.00 Acquired 9379 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 357 Indirect

Footnotes

F1: Annual grant of restricted stock units pursuant to the Company's 2005 Equity Compensation Plan.