Ryder Receives 2004 Supplier of the Year Award From Benteler Automotive

MIAMI, Nov. 17, 2004 -- Ryder System, Inc. , a global leader in transportation and supply chain management solutions, today announced that it has been honored with the 2004 Supplier of the Year Award from Benteler Automotive, an innovative supplier of ready-to-install modules, components and parts for nearly all global car manufacturers.

"Benteler places high expectations on itself which impact its choice of suppliers," said Nizar N. Ghoussaini, Chief Executive Officer of Benteler Automotive. "Ryder has clearly demonstrated its leadership qualities by driving efficiencies and continuous improvements throughout our North American supply chain operations. This award recognizes their outstanding results and further strengthens our business partnership."

The Supplier of the Year award is given annually by Benteler Automotive to honor the outstanding performance of its suppliers. Ryder is being honored for driving efficiencies throughout Benteler's North American supply chain, as well as for providing quality logistics engineering, customer service excellence and continuous improvement. Ryder provides Transportation Management, Inventory Planning, Logistics Event Management, North American Network Design, Cross-border Operations and Supplier Management Services for Benteler.

"Ryder is proud of the supply chain innovations and operational excellence achieved in partnership with Benteler Automotive throughout the years. We are honored to receive this prestigious award and look forward to an ongoing relationship that will further strengthen Benteler's supply chain," said Tom Jones, a Ryder Senior Vice President of U.S. Automotive Supply Chain Operations.

About Benteler Automotive

Benteler Automotive Division, part of the Benteler Group in Paderborn, is one of the largest automotive supplier companies in the world which is still family-owned, with over 11,600 highly qualified employees working in 50 locations in 22 countries. Almost all of the leading auto makers are customers of the Benteler Group. Benteler Automotive Division offers its customers a full range of services, beginning with the research and design of new prototypes and including their development, testing and series production, including the use of modern logistical concepts, as an all-in-one supplier.

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 http://www.ryder.com/.