Toyota's Georgetown Plant Honors Ryder With 2003 Outstanding Business Partner Award

- Award Given to a Top Service Partner That Excels in Overall Management, Cost Savings, Quality, Engineering and Safety Leadership -

MIAMI, May 4 -- Ryder System, Inc. , a global leader in transportation and supply chain management solutions, announced today it has been awarded Toyota's 2003 Outstanding Business Partner Award from the Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) facility.

As a Toyota Outstanding Business Partner Award recipient, Ryder has demonstrated proven performance in the following areas: Strategic Management, Cost Savings, Performance, Quality Engineering, and Safety Leadership. The award symbolizes the effective two-way relationship that connects companies and drives value and is presented to business partners that are goal-oriented and generate business solutions that translate into enhanced value for Toyota and their customers.

"The success of our company obviously relies a great deal on the quality of our supply base," stated Keith Peel, Manager of Purchasing at TMMK. "Our suppliers must meet very high standards and performance levels and this event is a great way for us to show our appreciation of their valuable contributions to our success."

"Ryder is honored to receive this distinguished recognition from Toyota, who continues to be an industry leader in providing quality products," said Ryder Senior Vice President of U.S. Supply Chain Solutions, Automotive, Aerospace and Transportation Management, Tom Jones. "Ryder looks forward to an ongoing relationship that continues to generate value and drive performance for Toyota and its customers."

About Toyota Motor Manufacturing, Kentucky, Inc.

TMMK is Toyota's largest North American manufacturing facility with an annual capacity to produce 500,000 vehicles and engines annually and a workforce of more than 7,000 team members. The awards were given to suppliers that met the highest standards in administrative management, on-site management, customer service, cost, quality, safety, engineering and delivery. TMMK uses over 350 suppliers across the United States.

About Ryder

Ryder is a Fortune 500 company providing leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. For more information about Ryder System, Inc., visit www.ryder.com.