SOURCE: Ryder System, Inc.

March 26, 2008 08:10 ET

Ryder Receives Top Award From Toyota

Recognized for Value Improvement

MIAMI, FL--(Marketwire - March 26, 2008) - Ryder Supply Chain Solutions, a supplier of transportation and logistics services, received a Superior Award in the area of Value Improvement from Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) at the company's Annual Supplier Business Meeting and Awards Ceremony held in Covington, Kentucky on March 4.

The awards recognize those suppliers who exceeded the company's expectations in the following areas: Launch Performance, Technology, Supplier Diversity, Value Improvement and Quality. Toyota's annual event brings together approximately 500 North American suppliers to communicate objectives for the current year, recognize top supplier performance for the prior year and enhance relationships.

"TEMA works closely with our North American suppliers in order to build our top quality vehicles; therefore, we take this opportunity to recognize outstanding performance of our top suppliers," stated Atsushi "Art" Kume, Senior Vice President of TEMA. "Suppliers' commitment to continuous improvement is key to achieving Toyota's long term focus on quality and value."

Toyota (NYSE: TM) established operations in North America in 1957 and currently operates 13 manufacturing plants. In addition, new plants are under construction in Ontario, Canada and Mississippi. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America which sold more than 2.9 million vehicles in 2007.

Toyota directly employs over 43,000 in North America and its investment here is currently valued at more than $21 billion, including sales and manufacturing operations, research and development, financial services and design. Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $30 billion per year.

Toyota currently produces 11 vehicles in North America, including the Avalon, Camry, Camry Hybrid, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra and the Lexus RX 350. When production begins in Ontario and Mississippi, Toyota will have 15 manufacturing plants with the annual capacity to build approximately 2.2 million cars and trucks, 1.49 million engines and 425,000 automatic transmissions. For more information about Toyota, visit www.toyota.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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