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Ryder System Announces Stock Buy-Back Program

14 September 1999

Ryder System Announces Stock Buy-Back Program Following Sale of Public Transportation Unit

    MIAMI, Sept. 13 -- Ryder System, Inc., , announced
today that its board of directors has authorized the repurchase of
$200 million of its outstanding common stock over the next two years.  The
company's board of directors has authorized the share repurchase with a
portion of the proceeds from the sale of Ryder Public Transportation Services
(RPTS).  The balance of the proceeds from the RPTS sale will be used to reduce
debt consistent with maintaining and improving current credit ratings and
creating financial flexibility to take advantage of strategic business
opportunities.
    Ryder currently has 69.9 million shares of issued and outstanding common
stock as of June 30, 1999.

    Note to Editor:
    Ryder provides high-quality logistics and transportation solutions
throughout the United States and in Canada, the United Kingdom, Germany,
Poland, The Netherlands, Mexico, Brazil and Argentina.  Revenue in the
12 months ended June 30, 1999 was $5.4 billion.  Assets at June 30, 1999 were
$6.2 billion.
    Ryder's stock is a component of the Dow Jones Transportation Average and
the Standard & Poor's 500 Index.