RYDER SYSTEM INC — Director's Dealing 2008

Feb 15, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2008-02-13

Reporting Person: RENEHAN THOMAS S (EVP- FMS Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-13	Common Stock	M	6250	$42.725	Acquired	22390	Direct
2008-02-13	Common Stock	S	6250	$59.71	Disposed	16140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-13	Stock Option (right to buy)	$42.725	M	6250	Disposed	2013-02-13	Common Stock (6250)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6422	Indirect