Executive Departing Ryder to Accept CEO Position

MIAMI, Sept. 12 -- Ryder System, Inc. today announced that Gregory E. Hyland, President of its U.S. Fleet Management Solutions business segment, is departing the company to become Chief Executive Officer of a diversified industrial company located in Florida.

"We appreciate Mr. Hyland's contributions to Ryder and wish him success as he pursues this unique opportunity to lead another organization," said Ryder's Chairman and Chief Executive Officer Greg Swienton. Mr. Swienton will assume direct operational responsibility for this area of the company until a successor is named.

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/.