RYDER SYSTEM INC — Director's Dealing 2008

May 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-05-02

Reporting Person: Nieto Luis P Jr (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-02	Common Stock	A	1262	$0.00	Acquired	2808	Direct

Footnotes

F1: Annual grant of $90,000 of restricted stock units pursuant to the Company's 2005 Equity Compensation Plan based on $71.26 per share which was the average of the high and low sales price of the Company's common stock on May 2, 2008.

F2: Includes 19 restricted stock units acquired by the reporting person pursuant to the dividend reinvestment feature of the Issuer's 2005 Equity Compensation Plan.