Ryder Appoints John Diez to Senior Vice President of Ryder Dedicated

Mar 25, 2014

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE:R), a leader in commercial transportation and supply chain management solutions, announced today that John Diez has been appointed to Senior Vice President of Ryder Dedicated. In this role, reporting to President of Global Supply Chain Solutions (SCS) John Williford, Mr. Diez is responsible for setting the strategic direction of Ryder Dedicated, which combines vehicles, drivers, and administrative services with drivers and additional value-added services, all dedicated to a specific customer.

“We continue to see significant growth opportunity for our Ryder Dedicated solution, which helps businesses navigate through some of today’s toughest transportation challenges,” said Mr. Williford. “John’s leadership and proven track record of success at Ryder will ensure that we continue to add value for customers and meet the needs of companies that no longer wish to manage their fleets on their own.”

Ryder Dedicated provides turnkey transportation solutions for companies with specialized equipment or product handling needs, complex routes, rigorous service level agreements, or high driver turnover. With this service offering, private fleets can adapt to changing demand, staffing, and service needs by utilizing highly-skilled, safe drivers that are hired, trained, and managed by Ryder. In addition, Ryder can help fleets meet their unique handling needs with specialized vehicles and equipment customized for their industry and operation, and expertly maintained by a network of 5,000 Ryder technicians.

Prior to his new role at Ryder, Mr. Diez was the Senior Vice President of Asset Management. In this role, he was responsible for leading commercial rental and used vehicles sales operations in the United States and Canada, as well as procuring all vehicles and related parts.

Mr. Diez joined Ryder as Assistant Controller in 2002, a position he held for five years. In 2007, he was promoted to Vice President and Chief Financial Officer for the Fleet Management Solutions business segment. A year later, he was appointed Senior Vice President of Global Field Finance, a position he held for three years. Prior to joining Ryder, he spent eight years in the audit practice of KPMG LLP.

Mr. Diez serves on the board of the American Red Cross, South Florida Chapter. He earned both his Bachelor of Science and Master of Science degrees in Accounting from Florida International University.

About Ryder

Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as a top third party logistics provider and green supply chain partner. Ryder has also been ranked three years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.

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.

Source: Ryder System, Inc.

Ryder System, Inc.

Cindy Haas, 305-500-4526

Cindy_Haas@Ryder.com

or

Jennifer Hanlon, 305-500-4547

Jennifer_A_Hanlon@Ryder.com