SOURCE: Ryder System, Inc.

January 28, 2008 17:10 ET

Fiat's Iveco Honors Ryder for International Transportation Management

MIAMI, FL--(Marketwire - January 28, 2008) - Ryder System, Inc. (NYSE: R), a global leader in supply chain, warehousing and transportation management solutions, today announced it has been honored as a top supplier for international transportation management services by Fiat's truck division Iveco, a leading international manufacturer and supplier of commercial trucks, parts and diesel engines. This award recognizes Ryder for excellence in international transportation management supporting Iveco's supply chain in Argentina and Brazil.

"This is the first time this award has been given to a logistics service provider," said Marcelino Acensio, Logistics Manager for Iveco Argentina S.A. "We are recognizing the Ryder team in Argentina and Brazil for its dedication and flexibility supporting Iveco during a period of rapid growth and increased demand for critical parts."

In 2007, Iveco relied on Ryder's logistics flexibility and capacity to support an 80% increase in production levels at the Córdoba plant. The Ryder fleet supporting Iveco in Argentina and Brazil traveled more than four million miles making 2,100 deliveries.

Since 2006, Ryder has been providing Iveco with international transportation management solutions to supply its manufacturing and service parts operations. Services provided by Ryder include the inbound transportation of engines and service parts from Iveco manufacturing facilities in Sete Lagoas, Brazil to the final assembly facility in Córdoba, Argentina. In addition, Ryder manages outbound linehauls from Argentina delivering assembled truck cabs and service parts to Iveco facilities in Brazil. Ryder's transportation management services include inventory tracking and visibility technology, routing instructions, preparing shipments for export, and managing supply flows from predetermined suppliers with regularly scheduled pick-up times and frequency.

"Ryder is honored to receive this award and to contribute to Iveco's quality, success and growth initiatives," said Antonio Wrobleski, Managing Director of Brazil for Ryder. "This confirms our commitment to providing reliable, flexible transportation solutions. We look forward to supporting Iveco as they continue to grow and deliver industry-leading vehicles."

                                  About Iveco

Iveco designs, manufactures, and markets a broad range of light, medium and heavy commercial vehicles, off-road trucks, city and intercity buses and coaches as well as special vehicles for applications such as fire fighting, off-road missions, defence, and civil protection.

Iveco employs over 24,500 people and runs 28 production units in 16 countries in the world using excellent technologies developed in 5 research centres. Besides Europe, the company operates in China, Russia, Australia, Argentina, Brazil, and South Africa. More than 4,600 service outlets in over 100 countries guarantee technical support wherever in the world an Iveco vehicle is at work.

For more information about Iveco, visit www.iveco.com.

                                  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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