SOURCE: Ryder System, Inc.

February 26, 2008 08:00 ET

Maintenance Employees Win Their Own GMC Pick-Up Trucks From Ryder

Technicians Who Meet Performance Targets in Incentive Program Earn Cash Payouts and Prizes

MIAMI, FL--(Marketwire - February 26, 2008) - Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced the winners of its 2007 Ryder Performance Challenge Program. The Ryder Performance Challenge is an incentive program that rewards maintenance employees who demonstrate exceptional productivity and customer service performance, while ensuring safe behavior and quality service delivery. Participants who meet specific performance targets in these areas earn cash payouts, as well as raffle tickets that are automatically entered into an annual Grand Prize drawing.

This year's three regional Grand Prize raffle winners are technicians Mark Dettmann, from South Bend, Indiana; Allan Sullivan, from Moonachie, New Jersey; and Matthew Royse from Chillicothe, Missouri. The three winners were each presented with keys to their own brand new GMC Sierra 1500 pick-up trucks during surprise events at their local branches in February. The trucks feature a V-8 engine, over 10,000 lbs. of towing capacity, a 4-speed automatic super duty transmission, dual stage frontal air bags, and the innovative OnStar security and diagnostics system.

Regional winners of cash prize raffles in the amount of $3,000, $2,000, and $1,000 were also awarded.

"Ryder takes great pride in its maintenance organization and the quality of workmanship provided to our customers over the course of our 75 year history," said Ryder Vice President of Maintenance Ty Cross. "These Ryder Performance Challenge winners are representative of a team that is committed to working in a safe operation and providing excellent customer service, so Ryder can continue to deliver on its promises to its customers."

For the 2007 Ryder Performance Challenge program year, over 1,600 maintenance employees earned cash payouts and/or raffle tickets by meeting their established business goals. The program reinforces the value Ryder places on its technicians, and the important role they play in ensuring quality maintenance of the Company's fleet of more than 165,000 vehicles and safely delivering top-notch customer service for Ryder's 16,000 customers.

"Ryder's talented maintenance employees are the backbone of our operations and a point of differentiation in the industry," said Mike Brannigan, Ryder's Senior Vice President and Chief of Operations, Fleet Management Solutions, U.S. and Canada. "We are committed to continuing to reward and recognize these outstanding professionals, through programs such as the Ryder Performance Challenge, for the good work they do everyday."

                                  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

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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