RYDER SYSTEM INC — Director's Dealing 2006

Oct 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2006-10-06

Reporting Person: SANCHEZ ROBERT E (EVP - FMS Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-06	Common Stock	A	15000	$0.00	Acquired	20032	Direct
2006-10-07	Common Stock	F	220	$53.125	Disposed	19812	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2189	Indirect
Common Stock	2285	Indirect

Footnotes

F1: Represents shares of restricted stock granted to the reporting person by the Company. The restricted stock vests 100% on October 6, 2009.

F2: Includes 4 shares of common stock acquired by the reporting person under the Company's dividend reinvestment plan.

F3: Represents shares of common stock withheld upon the vesting of restricted stock rights for the payment of the related tax liability.