SOURCE: Ryder System, Inc.

June 30, 2008 17:05 ET

Ryder Named One of Top 40 Companies for Diversity by Black Enterprise Magazine

MIAMI, FL--(Marketwire - June 30, 2008) - Black Enterprise (BE) Magazine has named Ryder System, Inc. (NYSE: R) one of the "40 Best Companies for Diversity" in its annual survey of corporate diversity. Ryder is the only transportation and supply chain industry company listed in the publication's 2008 survey.

"This is the second consecutive year that Ryder System, Inc. has been ranked among our top companies for diversity," said Black Enterprise Editorial Director Sonia Alleyne. "To maintain excellence in this area requires addressing one of the most critical challenges of diversity: recruiting, retaining and developing talent. We congratulate Ryder on their commitment to a diverse workforce."

The 2008 Black Enterprise "40 Best Companies for Diversity" was determined by conducting a comprehensive outreach effort to the CEOs and diversity executives of the top-grossing 1,000 publicly traded companies and the 50 leading global companies with significant U.S. operations. BE's corporate diversity survey focused primarily on activities related to the participation of African Americans and other ethnic minority groups in four key areas: supplier diversity, senior management, board involvement, and employee base.

"Ryder is proud to be recognized by Black Enterprise Magazine for our diversity initiatives," said Ryder Chairman and CEO Greg Swienton. "We believe diversity enhances our corporate culture and provides us with a great competitive advantage. We draw on the varied experiences of our workforce around the world to understand our global customer base and deliver the best possible transportation and supply chain management solutions."

                       About Black Enterprise Magazine

Black Enterprise (BE), your ultimate guide to financial empowerment, is the premier business and investment resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. The monthly publication provides 3.9 million readers with information on entrepreneurship, careers, and financial management. As the definitive source of information for and about African American business markets and leaders, BE is the authority for business news and trends.

                                 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 371st on the FORTUNE 500® and 1,631st 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.

Contact Information