SOURCE: Ryder System, Inc.

August 29, 2007 17:05 ET

Ryder Agrees to Acquire Pollock NationaLease in Canada

MIAMI, FL--(Marketwire - August 29, 2007) - Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it has reached agreement to acquire substantially all the assets of Pollock NationaLease, one of Canada's largest privately-owned full service truck leasing companies based in Strathroy, Ontario.

Per the terms of the transaction, Ryder Canada will acquire Pollock's fleet of more than 2,000 vehicles and over 187 contract customers served by the Ontario locations of Sarnia, Windsor, London, Baden, and Milton, as well as the New Brunswick location of Moncton. The combined network will operate under the Ryder name, complementing Ryder Canada's market coverage and service network.

"Pollock NationaLease is a well known and respected name in Canada's transportation industry with an outstanding reputation of delivering high levels of customer service," said Ryder Chairman and CEO Greg Swienton. "This acquisition allows us to expand our Canadian network, establish a footprint in the Milton area of Greater Toronto, and continue to build on the strong foundation of quality service and best practices to further our value to customers of both companies."

The acquisition is expected to be finalized in October 2007. Completion of the acquisition is subject to customary conditions, including the receipt of applicable regulatory approvals.

"Ryder has always been a high quality competitor for us in Canada and we are confident that the combined companies will further strengthen the quality of service we provide to our customers, as well as offer even more choices of transportation and logistics solutions for them," said Jim Pollock, Chairman of Pollock NationaLease.

                     About Pollock NationaLease

Pollock NationaLease provides full-maintenance leasing and rental of trucks and trailers to transportation, manufacturing, and service industries. It is one of the largest privately-owned Canadian full-service truck leasing company in Canada with a fleet of 2,000 trucks and trailers and locations serving Ontario from Windsor to Toronto and Moncton, New Brunswick.

                            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, including, without limitation, statements concerning the terms and timing of the acquisition and statements concerning integration plans, customers and services. 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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