SOURCE: Ryder System, Inc.

January 31, 2007 17:15 ET

Bobby Griffin to Retire From Ryder

MIAMI, FL -- (MARKET WIRE) -- January 31, 2007 -- Ryder System, Inc. (NYSE: R), today announced that Bobby J. Griffin, President of International Operations, will retire from the Company in the first quarter of 2007 after more than 34 years of service to Ryder, its various affiliates and business segments. Mr. Griffin has been responsible for the development and leadership of Ryder's global operations including sales, customer relations and overall profitability and operating performance in Mexico, Canada, Europe, Latin America and Asia.

"Bobby has been instrumental in driving growth, profitability and operational performance in serving Ryder and our customers in both the U.S. and International arenas," said Ryder Chairman and Chief Executive Officer Greg Swienton. "We thank him for his dedication and years of service, and wish him the best in his retirement years."

Mr. Griffin joined Ryder as Executive Vice President of consulting at ATE following Ryder's acquisition of ATE Management and Service Company. He later held leadership positions of increasing responsibility including Vice President of Operations for Ryder Transportation Services, Senior Vice President of Field Management - Western U.S., and Executive Vice President of Global Supply Chain Operations prior to his current position. Before joining Ryder, Mr. Griffin was Deputy Director General for the ATE/DMJM joint venture of the Saudi Arabia Public Transportation Company. Earlier, he was an associate with ATE providing route, scheduling, marketing and planning expertise for transit systems throughout the United States and globally.

Mr. Griffin is a recognized veteran of the global transportation, logistics and supply chain management industry. He serves on the board of directors of Hanesbrands, Inc. and is a member of The Executive Leadership Council. In 2003, he was listed among the "Most Distinguished Black College and University Graduates" by US Black Engineering & Information Technology magazine.

                                 About Ryder
Ryder is a Fortune 500 company providing 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. For more information about Ryder System, Inc., visit

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

  • For Information Contact:

    David Bruce
    (305) 500-4999

    Investor Relations:
    Bob Brunn
    (305) 500-4053