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	200	$74.25	Disposed	90969	Direct
2008-05-15	Common Stock	S	300	$74.26	Disposed	90669	Direct
2008-05-15	Common Stock	S	300	$74.32	Disposed	90369	Direct
2008-05-15	Common Stock	S	500	$74.35	Disposed	89869	Direct
2008-05-15	Common Stock	S	200	$74.36	Disposed	89669	Direct
2008-05-15	Common Stock	S	200	$74.38	Disposed	89469	Direct
2008-05-15	Common Stock	S	200	$74.39	Disposed	89269	Direct
2008-05-15	Common Stock	S	100	$74.40	Disposed	89169	Direct
2008-05-15	Common Stock	S	100	$74.41	Disposed	89069	Direct
2008-05-15	Common Stock	S	100	$74.42	Disposed	88969	Direct
2008-05-15	Common Stock	S	300	$74.45	Disposed	88669	Direct
2008-05-15	Common Stock	S	800	$74.47	Disposed	87869	Direct
2008-05-15	Common Stock	S	100	$74.48	Disposed	87769	Direct
2008-05-15	Common Stock	S	100	$74.50	Disposed	87669	Direct
2008-05-15	Common Stock	S	100	$74.52	Disposed	87569	Direct
2008-05-15	Common Stock	S	100	$74.56	Disposed	87469	Direct
2008-05-15	Common Stock	S	700	$74.57	Disposed	86769	Direct
2008-05-15	Common Stock	S	400	$74.58	Disposed	86369	Direct
2008-05-15	Common Stock	S	100	$74.59	Disposed	86269	Direct
2008-05-15	Common Stock	S	100	$74.60	Disposed	86169	Direct
2008-05-15	Common Stock	S	200	$74.61	Disposed	85969	Direct
2008-05-15	Common Stock	S	200	$74.63	Disposed	85769	Direct
2008-05-15	Common Stock	S	100	$74.64	Disposed	85669	Direct
2008-05-15	Common Stock	S	100	$74.65	Disposed	85569	Direct
2008-05-15	Common Stock	S	300	$74.67	Disposed	85269	Direct
2008-05-15	Common Stock	S	300	$74.68	Disposed	84969	Direct
2008-05-15	Common Stock	S	900	$74.69	Disposed	84069	Direct
2008-05-15	Common Stock	S	400	$74.70	Disposed	83669	Direct
2008-05-15	Common Stock	S	100	$74.71	Disposed	83569	Direct
2008-05-15	Common Stock	S	200	$74.72	Disposed	83369	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.