Ryder Awarded 3rd Party Logistics Contract With Lear Corporation

MIAMI, May 1, 2006 -- Ryder System, Inc. , a global leader in supply chain, warehousing and transportation management solutions, today announced that Lear Corporation , one of the world's largest suppliers of automotive interior systems and components, has selected Ryder as its third-party logistics (3PL) provider for North America.

"Ryder looks forward to implementing best practices and processes throughout Lear's transportation operations to help Lear continue to build on its reputation for high quality in the automotive industry," said Ryder Senior Vice President of Supply Chain Solutions, Automotive, Aerospace and Transportation Management Tom Jones.

Under the multi-year contract, Ryder will provide logistics engineering and network design for product into Lear's 75 plant locations. Ryder will also provide procurement of transportation, thereby leveraging its buying power in the industry to provide Lear with the best negotiated rates and service, routing instructions and compliance management. Combining leading technology, a dedicated account team and a clear understanding of Lear's requirements, both parties are moving towards developing a footprint for a world-class integrated logistics network.

"Our decision to outsource supply chain management was taken after reviewing market tendencies and total supply chain functionality. After an extensive review and tender process, we selected Ryder based on their integrated network optimization solutions and vast experience in the automotive industry. They have a proven track record in leveraging and combining synergies in their managed network that will engineer cost containment and reductions for Lear, while, at the same time bring us greater end-to-end supply chain visibility," said John Lacny, Director Global Logistics & Transportation, Lear Corporation.

About Lear Corporation

Lear Corporation is one of the world's largest suppliers of automotive interior systems and components. Lear provides complete seat systems, electronic products and electrical distribution systems and other interior products. With annual net sales of $17.1 billion, Lear ranks 127th among the Fortune 500. The company's world-class products are designed, engineered and manufactured by a diverse team of 115,000 employees at 282 locations in 34 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol (LEA). Further information about Lear is available on the Internet at http://www.lear.com/ .

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 .

Note Regarding Forward-Looking Statements: Certain statements and information included in this press release are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those in the forward-looking statements. Important factors that could cause such differences include, among others, our ability to obtain adequate profit margins for our services, our inability to maintain current pricing levels due to customer acceptance or competition, customer retention levels, unexpected volume declines, loss of key customers in the Supply Chain Solutions (SCS) business segment, our failure to successfully implement new growth initiatives in our FMS business segment, unexpected reserves or write-offs due to the deterioration of the credit worthiness or bankruptcy of certain customers in our SCS business segment, changes in financial, tax or regulatory requirements or changes in customers' business environments that will limit their ability to commit to long-term vehicle leases, changes in market conditions affecting the commercial rental market or the sale of used vehicles, labor strikes or work stoppages affecting our or our customers' business operations, adequacy of accounting estimates and accruals, changes in general economic conditions, sudden changes in fuel prices, availability of qualified drivers, our ability to manage our cost structure, changes in government regulations including regulations regarding vehicle emissions and the risks described in our filings with the Securities and Exchange Commission. The risks included here are not exhaustive. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.