RYDER SYSTEM INC — Director's Dealing 2008

May 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-05-15

Reporting Person: SWIENTON GREGORY T (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-15	Common Stock	S	300	$74.73	Disposed	83069	Direct
2008-05-15	Common Stock	S	300	$74.75	Disposed	82769	Direct
2008-05-15	Common Stock	S	500	$74.76	Disposed	82269	Direct
2008-05-15	Common Stock	S	200	$74.77	Disposed	82069	Direct
2008-05-15	Common Stock	S	300	$74.78	Disposed	81769	Direct
2008-05-15	Common Stock	S	200	$74.79	Disposed	81569	Direct
2008-05-15	Common Stock	S	100	$74.80	Disposed	81469	Direct
2008-05-15	Common Stock	S	300	$74.81	Disposed	81169	Direct
2008-05-15	Common Stock	S	500	$74.82	Disposed	80669	Direct
2008-05-15	Common Stock	S	200	$74.84	Disposed	80469	Direct
2008-05-15	Common Stock	S	100	$74.85	Disposed	80369	Direct
2008-05-15	Common Stock	S	700	$74.86	Disposed	79669	Direct
2008-05-15	Common Stock	S	100	$74.89	Disposed	79569	Direct
2008-05-15	Common Stock	S	100	$74.90	Disposed	79469	Direct
2008-05-15	Common Stock	S	100	$74.91	Disposed	79369	Direct
2008-05-15	Common Stock	S	200	$74.92	Disposed	79169	Direct
2008-05-15	Common Stock	S	300	$74.93	Disposed	78869	Direct
2008-05-15	Common Stock	S	100	$74.94	Disposed	78769	Direct
2008-05-15	Common Stock	S	500	$74.95	Disposed	78269	Direct
2008-05-15	Common Stock	S	100	$74.96	Disposed	78169	Direct
2008-05-15	Common Stock	S	100	$74.99	Disposed	78069	Direct
2008-05-15	Common Stock	S	100	$75.01	Disposed	77969	Direct
2008-05-15	Common Stock	S	100	$75.02	Disposed	77869	Direct
2008-05-15	Common Stock	S	100	$75.03	Disposed	77769	Direct
2008-05-15	Common Stock	S	300	$75.04	Disposed	77469	Direct
2008-05-15	Common Stock	S	200	$75.08	Disposed	77269	Direct
2008-05-15	Common Stock	S	100	$75.10	Disposed	77169	Direct
2008-05-15	Common Stock	S	500	$75.11	Disposed	76669	Direct
2008-05-15	Common Stock	S	100	$75.13	Disposed	76569	Direct
2008-05-15	Common Stock	S	100	$75.14	Disposed	76469	Direct

Footnotes

F1: The option exercises and stock sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person on May 18, 2007.