Ryder Promotes Robert E. Sanchez to Senior Vice President of Global Transportation Management and Network Integration

    MIAMI--Feb. 26, 2002--Ryder System, Inc. , a global leader in supply chain and transportation management solutions, has promoted Robert E. Sanchez to the position of Senior Vice President of Global Transportation Management and Network Integration. In this role, he is responsible for the continuing growth and development of Ryder's Global Transportation Management solutions. He will report to Executive Vice President of Global Supply Chain Solutions, Gene Tyndall.
    "Robert brings a breadth of business and technological expertise, as well as Company-specific knowledge to his new role," said Tyndall. "Ryder's Transportation Management solutions meld leading-edge technology, processes for all modes of transportation, expert resources and substantive levels of internal and external collaboration. Robert's deep experience in the areas of Supply Chain Solutions, Fleet Management Solutions, Asset Management and Information Technology (IT) - and his thorough understanding of Ryder's customers' needs - give him an outstanding base from which to lead the further development of these solutions."
    Ryder's Global Transportation Management business provides integrated global management of more than $2.2 billion in customers' ground, rail, sea and air freight purchases annually. A key driver of this business is Ryder's state-of-the-art Transportation Management Center, an enterprise-wide management operations center that saves Ryder customers millions of dollars in transportation costs while maximizing the deployment and leverage of Ryder-owned and Ryder-leased vehicles.
    Sanchez joined Ryder in 1993 as a system designer in the Company's Management Information Systems (MIS) Department and has progressed through promotions in logistics, fleet management and asset management. Most recently, Sanchez served as Chief Information Officer (CIO). As CIO he led a successful initiative to bring formerly outsourced IT services into the Ryder organization and better align the Company's technology investments with its core business objectives. He has been recognized for his proven ability to manage challenging assignments through to successful conclusion, on time and within budget.
    Sanchez earned a master of business administration degree from The Wharton School at the University of Pennsylvania and a bachelor of science degree in Electrical Engineering with a specialization in Computer Science from the University of Miami. He is a member of Miami-Dade County's economic development organization, the Beacon Council, and serves on that organization's Executive Committee and as Chairman of its IT/Telecom Task Force.

    About Ryder

    Ryder provides leading-edge logistics, supply chain and transportation 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, consulting, lead logistics management services and e-Business solutions that support customers' entire supply chains, from inbound raw materials and parts through distribution and delivery of finished goods. Ryder serves customer needs throughout North America, in Latin America, Europe and Asia.
    For the fifth consecutive year, Ryder was featured in the 2001 Fortune Most Admired Companies survey of corporate reputations and has ranked among the top five in its industry category since 1997. Forbes named Ryder to its "Magnetic 40" as "Best in Transportation and Logistics" for creating a "network of partnerships that can spur growth, innovation and most important, serve customers better." InternetWeek named Ryder as one of the top 100 U.S. companies for effectiveness in using the Internet to achieve tangible business benefits. For the fourth consecutive year, Inbound Logistics recognized Ryder in 2001 as the top third-party logistics provider. The National Safety Council selected Ryder to receive the 2002 Green Cross for Safety Medal - its highest honor - for exemplary commitment to workplace safety and corporate citizenship.
    Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Ryder's revenue in 2001 was $5.01 billion.
    For more information on Ryder System, Inc., visit http://www.ryder.com.