Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
O MEARA VICKI A
   2. Issuer Name and Ticker or Trading Symbol
RYDER SYSTEM INC [R] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President-US Supply Chain
(Last)
(First)
(Middle)
11690 N.W. 105 STREET		 3. Date of Earliest Transaction (Month/Day/Year)
02/28/2007
(Street)

MIAMI, FL 33178		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/28/2007   M   6,667 A $ 22.1 28,273 D  
Common Stock 02/28/2007   M   16,666 A $ 36.88 44,939 D  
Common Stock 02/28/2007   M   20,000 A $ 44.885 64,939 D  
Common Stock 02/28/2007   M   5,000 A $ 33.185 69,939 D  
Common Stock 02/28/2007   M   8,834 A $ 42.725 78,773 D  
Common Stock 02/28/2007   S   57,167 D $ 51.6236 (1) 21,606 D  
Common Stock               10,098 I By Ryder Deferred Compensation Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 22.1 02/28/2007   M     6,667 02/13/2006 02/13/2010 Common Stock 6,667 $ 0 0 D  
Stock Option (right to buy) $ 36.88 02/28/2007   M     16,666   (2) 02/10/2011 Common Stock 16,666 $ 0 0 D  
Stock Option (right to buy) $ 44.885 02/28/2007   M     20,000   (3) 02/10/2012 Common Stock 20,000 $ 0 10,000 D  
Stock Option (right to buy) $ 33.185 02/28/2007   M     5,000 10/07/2006 10/07/2012 Common Stock 5,000 $ 0 10,000 D  
Stock Option (right to buy) $ 42.725 02/28/2007   M     8,834 02/13/2007 02/13/2013 Common Stock 8,834 $ 0 17,666 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
O MEARA VICKI A
11690 N.W. 105 STREET
MIAMI, FL 33178		       President-US Supply Chain  

Signatures

 /a/ Flora R. Perez, by power of attorney   03/02/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This reflects the average price at which the shares were sold. The sales prices ranged from $51.26 to $52.11.
(2) 8,333 stock options vested on February 12, 2006 and 8,333 stock options vested on February 12, 2007.
(3) 10,000 stock options vested on February 10, 2006 and 10,000 stock options vested on February 10, 2007

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