RYDER SYSTEM INC — Director's Dealing 2006

Nov 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2006-10-31

Reporting Person: RENEHAN THOMAS S (EVP- FMS Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-31	Common Stock	M	5000	$36.88	Acquired	23586	Direct
2006-10-31	Common Stock	M	4000	$44.885	Acquired	27586	Direct
2006-10-31	Common Stock	M	2500	$33.185	Acquired	30086	Direct
2006-10-31	Common Stock	S	114	$54.11	Disposed	29972	Direct
2006-10-31	Common Stock	S	12000	$53.91	Disposed	17972	Direct
2006-10-31	Common Stock	S	81	$54.11	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-31	Stock option (right to buy)	$36.88	M	5000	Disposed	2011-02-12	Common Stock (5000)	Direct
2006-10-31	Stock option (right to buy)	$44.885	M	4000	Disposed	2012-02-10	Common Stock (4000)	Direct
2006-10-31	Stock option (right to buy)	$33.185	M	2500	Disposed	2012-10-07	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6266	Indirect
Common Stock	120	Indirect
Common Stock	3725	Indirect