RYDER SYSTEM INC — Director's Dealing 2006

May 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2006-05-04

Reporting Person: GARCIA ART A (SVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-04	Common Stock	M	8000	$36.88	Acquired	15212	Direct
2006-05-04	Common Stock	S	300	$52.70	Disposed	14912	Direct
2006-05-04	Common Stock	S	100	$52.67	Disposed	14812	Direct
2006-05-04	Common Stock	S	7500	$52.57	Disposed	7312	Direct
2006-05-04	Common Stock	S	100	$52.66	Disposed	7212	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-04	Stock Option (right to buy)	$36.88	M	8000	Disposed	2011-02-12	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1562	Indirect
Common Stock	182	Indirect

Footnotes

F1: 4,000 stock options vested on February 12, 2005 and 4,000 stock options vested on February 12, 2006.