Ryder Names Paula J. Musto Vice President of Corporate Communications

    MIAMI--Nov. 5, 2002--Ryder System, Inc. , a global leader in supply chain and transportation management solutions, today announced Paula J. Musto has been named vice president of Corporate Communications. Musto will oversee media relations and the Company's employee and marketing communications functions, reporting to Challis Lowe, executive vice president of Human Resources, Public Affairs and Corporate Communications.
    "Paula is a long-time communications professional who brings a wealth of experience to Ryder," Lowe said. "She will play an integral role in communicating with Ryder's various constituencies - customers, employees and shareholders."
    Prior to joining Ryder, Musto was vice president of University Relations for the University of Miami. In that role, she managed all communications activities for the University including media relations, advertising, internal communications, publications and community relations. Prior to that position, she served as the director of Communications for Miami-Dade County, where she acted as the chief spokesperson for the county and advisor to the senior administration and 35 County agencies. From 1978 to 1988, Musto was the director of Corporate Communications for Eastern Airlines. There, she oversaw all public relations events for the airline's operations and marketing programs worldwide. Musto also has worked as a newspaper reporter in Illinois, New York and Florida.
    Musto holds a master of arts degree in Communication from the University of Miami and a bachelor of science degree in Journalism from Southern Illinois University. In 1991, she participated in a summer fellowship of the John F. Kennedy School of Government at Harvard University. She has served on the Board of the Greater Miami Chamber of Commerce and the Beacon Council. She resides in Coconut Grove.

    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.
    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. For the sixth consecutive year, Ryder was featured in the 2002 Fortune Most Admired Companies survey of corporate reputations. 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 fifth consecutive year, Inbound Logistics recognized Ryder in 2002 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 2001 revenue of $5 billion, Ryder ranks 341st on the Fortune 500 and 326th on Barron's 500.
    For more information on Ryder System, Inc., visit http://www.ryder.com.