Ryder Selects CoSite's ActiveTrac Software as a Preferred Specialized Tracking Solution

    MIAMI--April 10, 2001--Ryder System, Inc. , a global leader in supply chain and fleet management solutions, and CoSite, Inc., a world-class provider of logistics software solutions, today announced a technology partnership. Ryder has chosen CoSite's ActiveTrac(TM) product to support selected customers who require specialized tracking and visibility to monitor shipments of individual items within a controlled (non-third-party carrier) environment. The announcement was made jointly by Nancy Troutman, CoSite's Chief Operating Officer, and Steve Hitchings, Ryder's Group Director of Technology Management.
    ActiveTrac(TM) from CoSite is one of the most sophisticated tracking software programs in the industry. It allows for visibility and control of products while in transit through the use of timely information shared via the Internet.
    "ActiveTrac(TM) redefines supply chain management solutions in terms that fully capitalize on the power of the Internet," said Troutman. "Inventory can now be managed and proactive intervention can be taken during the entire time an item is in transit throughout the supply chain. This allows companies to optimize delivery routes and control load capacities."
    "After successfully using ActiveTrac(TM) in multiple locations, Ryder recognizes that ActiveTrac(TM) provides Internet-enabled supply chain visibility for product movement that is a critical requirement for our globally competitive customers," said Hitchings.

About CoSite
    CoSite develops and markets software solutions for frictionless B2B e-business by providing a standard platform for data exchange and collaboration. Founded by some of the industry's most innovative and creative software engineers and logistics experts, CoSite specializes in the logistics industry and designs its products to fit any company's logistics needs, regardless of size and customer base. CoSite's flagship offering, ActiveTrac, is a supply chain management tool for tracking and controlling assets in motion. For more information, please visit www.cosite.com or call 1-800-967-4034.

About Ryder
    Ryder provides a continuum of leading-edge logistics, supply chain and fleet management solutions worldwide. Ryder's product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, lead logistics management services and e-Commerce solutions that support customers' entire supply chains, from sourcing of inbound raw materials through distribution and delivery of finished goods. Ryder serves customer needs throughout North America, in Latin America, Europe and Asia.
    Fortune magazine ranked Ryder as the most admired company in the highway transportation industry in 1997 and 1998 and second-most admired in 1999. In 2000, Ryder received a higher overall rating than its competitors in the Fortune survey. For the third consecutive year, Inbound Logistics magazine recognized Ryder in 2000 as the top third-party logistics provider.
    Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. With 2000 revenue of $5.3 billion, Ryder was ranked 309th on the Fortune 500 list and 332nd on the Forbes 500.
    For more information on Ryder System, Inc., visit www.ryder.com.