RYDER SYSTEM INC — Director's Dealing 2008

Jul 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-06-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-30	Common Stock	S	1788	$68.88	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1191	Indirect
Common Stock	10012	Direct

Footnotes

F1: The reporting person previously allocated compensation deferred under the Ryder System, Inc. Long-Term Incentive Plan to the Ryder Common Stock Fund notional investment alternative.

F2: The reporting person's account balance became payable in cash on June 30, 2008 pursuant to a mandatory distribution provision of the Ryder System, Inc. Long-Term Incentive Plan.