Under a five-year contract, Ryder will provide Boeing with payment and audit services for their approximately 2.3 million annual freight bills. The service is expected to significantly improve the quality of transportation data, thus reducing the volume of exceptions.

Since 2007 Ryder has provided Boeing with a customized transportation management solution. Ryder provides Boeing with shipment planning, execution and global transportation visibility. Combining leading technology, standardized processes, a dedicated account team, and a clear understanding of Boeing's lean manufacturing requirements, Ryder has partnered with Boeing to develop a world-class integrated global logistics network. The new contract covers both Ryder's existing services and the new freight bill audit and payment services.

Commenting on the new business, Todd Carter, Ryder's Vice President of Global Transportation Management, said, "Boeing is an industry leader and innovator that continuously develops and manufactures high-quality aerospace products. We're pleased that we've been awarded additional business and have earned the opportunity to work with a company of such high standards."

Boeing has customers in more than 90 countries around the world and is one of the largest U.S. exporters in terms of sales.

                                About Ryder

Ryder provides leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Ryder ranks 399th on the FORTUNE 500(R) and 1,631st on the Forbes Global 2000. For more information on Ryder System, Inc., visit www.ryder.com.

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

For Information Contact:
Lisa Brumfield Hagen
(305) 500-3668
Email Contact

Carmen Campo
(305) 500-4161
Email Contact

SOURCE: Ryder System, Inc.