RYDER SYSTEM INC — Director's Dealing 2006

May 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2006-05-26

Reporting Person: GREENE GREGORY F (SVP and Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-26	Common Stock	M	4000	$44.885	Acquired	8464	Direct
2006-05-26	Common Stock	S	300	$54.31	Disposed	8164	Direct
2006-05-26	Common Stock	S	1600	$54.32	Disposed	6564	Direct
2006-05-26	Common Stock	S	350	$54.33	Disposed	6214	Direct
2006-05-26	Common Stock	S	1300	$54.34	Disposed	4914	Direct
2006-05-26	Common Stock	S	450	$54.35	Disposed	4464	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-26	Stock Option (right to buy)	$44.885	M	4000	Disposed	2012-02-10	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1769	Indirect
Common Stock	1423	Indirect
Common Stock	3522	Indirect