SOURCE: Ryder System, Inc.

December 04, 2007 17:15 ET

Eagle Steel Products Renews Dedicated Contract Carriage Agreement With Ryder

MIAMI, FL--(Marketwire - December 4, 2007) - Ryder System, Inc. (NYSE: R), a global leader in supply chain, warehousing and transportation management solutions, today announced that Eagle Steel Products, Inc., a 25-year-old strip steel processing company, has renewed a transportation contract with Ryder to provide Dedicated Contract Carriage services.

Commenting on the renewed contract, Charles Moore, President of Eagle Steel Products, said, "Our partnership with Ryder continues to expand as a direct result of our enhanced performance capabilities and quality service we deliver to our customers. We have confidence in Ryder's transportation and logistics capabilities."

Under the renewed six-year contract, Ryder will continue to support Eagle Steel with drivers for its vehicles, fleet management, and vehicle maintenance services. The dedicated team of drivers transports steel coils from Eagle's plant in Jeffersonville, Ind., to its customers' manufacturing plants in Kentucky, Ohio, Indiana, and Tennessee. Under a separate contract, Ryder also provides Eagle with a fleet of tractors under a lease solution to support their distribution process. Ryder has been providing transportation and logistics services to Eagle Steel since 1991.

"Ryder is pleased to continue supporting Eagle Steel's distribution requirements," said Rosario Rizzo, Ryder's SVP and General Manager of Dedicated Contract Carriage. "Working together, we look forward to contributing to Eagle's quality products and commitment to continuous improvement and customer satisfaction."

                      About Eagle Steel Products, Inc.

Eagle Steel Products, Inc., founded in 1982, was the first minority-owned and operated strip steel processing facility in the United States. In November of 1986, Eagle Steel Products, Inc. made the announcement of its intentions to move its operations from an inland site in Louisville, Ky., to a river port location across the Ohio River in Indiana. On January 4, 1988, the "Eagle" landed at the Port of Indiana's Clark Maritime Center located on the Ohio River in Jeffersonville, Indiana. This not only allowed the company to process strip steel but also participate in multi-modal (barge, rail, truck) transportation. Eagle Steel is certified to the Third Edition of QS9000.

                                  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.

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