SOURCE: Ryder System, Inc.

October 19, 2007 08:32 ET

Boeing Company Awards Transportation Management Contract to Ryder

MIAMI, FL--(Marketwire - October 19, 2007) - Ryder System, Inc. (NYSE: R), a global leader in supply chain, warehousing and transportation management solutions, today announced that The Boeing Company (NYSE: BA), the world's largest aerospace company, has selected Ryder to provide global Transportation Management services.

Under the multi-year contract, Ryder will develop and manage a customized transportation solution and common processes across the entire Boeing enterprise for common carrier services. Boeing will rely on Ryder for shipment planning, execution and global transportation visibility. Combining leading technology, a dedicated account team, and a clear understanding of Boeing's lean manufacturing requirements, both companies are collaborating to develop a world-class integrated global logistics network.

Commenting on the new contract, Todd Carter, Ryder's Vice President of Global Transportation Management, said, "Ryder looks forward to implementing best practices and processes throughout Boeing's global transportation operations to support their industry-leading manufacturing operations and quality reputation."

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 362nd on the Fortune 500 and 1,458th 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.

Contact Information