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	M	4000	$22.10	Acquired	79769	Direct
2008-05-15	Common Stock	M	21000	$16.595	Acquired	100769	Direct
2008-05-15	Common Stock	S	100	$73.69	Disposed	100669	Direct
2008-05-15	Common Stock	S	100	$73.80	Disposed	100569	Direct
2008-05-15	Common Stock	S	100	$73.83	Disposed	100469	Direct
2008-05-15	Common Stock	S	100	$73.86	Disposed	100369	Direct
2008-05-15	Common Stock	S	100	$73.87	Disposed	100269	Direct
2008-05-15	Common Stock	S	100	$73.88	Disposed	100169	Direct
2008-05-15	Common Stock	S	300	$73.89	Disposed	99869	Direct
2008-05-15	Common Stock	S	100	$73.90	Disposed	99769	Direct
2008-05-15	Common Stock	S	200	$73.91	Disposed	99569	Direct
2008-05-15	Common Stock	S	200	$73.92	Disposed	99369	Direct
2008-05-15	Common Stock	S	200	$73.93	Disposed	99169	Direct
2008-05-15	Common Stock	S	500	$73.95	Disposed	98669	Direct
2008-05-15	Common Stock	S	1100	$73.96	Disposed	97569	Direct
2008-05-15	Common Stock	S	600	$73.97	Disposed	96969	Direct
2008-05-15	Common Stock	S	1200	$73.98	Disposed	95769	Direct
2008-05-15	Common Stock	S	1000	$73.99	Disposed	94769	Direct
2008-05-15	Common Stock	S	500	$74.00	Disposed	94269	Direct
2008-05-15	Common Stock	S	300	$74.01	Disposed	93969	Direct
2008-05-15	Common Stock	S	700	$74.02	Disposed	93269	Direct
2008-05-15	Common Stock	S	200	$74.03	Disposed	93069	Direct
2008-05-15	Common Stock	S	300	$74.05	Disposed	92769	Direct
2008-05-15	Common Stock	S	300	$74.06	Disposed	92469	Direct
2008-05-15	Common Stock	S	100	$74.09	Disposed	92369	Direct
2008-05-15	Common Stock	S	200	$74.10	Disposed	92169	Direct
2008-05-15	Common Stock	S	400	$74.11	Disposed	91769	Direct
2008-05-15	Common Stock	S	100	$74.13	Disposed	91669	Direct
2008-05-15	Common Stock	S	400	$74.15	Disposed	91269	Direct
2008-05-15	Common Stock	S	100	$74.21	Disposed	91169	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.