MIAMI, Feb. 24 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it has expanded its relationship with Owens Corning (OTC Bulletin Board: OWENQ), a leading building materials manufacturer, to now include Dedicated Contract Carriage (DCC) services.

In addition to the existing full-service lease relationship, Ryder will provide Owens Corning with Dedicated Contract Carriage services that include drivers for its vehicles, fleet management and vehicle maintenance services.

"We have had a successful relationship with Ryder," said Mike Cramer, Director -- Global Logistics for Owens Corning. "Our partnership with Ryder continues to expand as a direct result of our enhanced performance capabilities and quality service we deliver to our customers. We have confidence in Ryder's transportation and logistics capabilities."

"Ryder is delighted to be chosen by Owens Corning to consolidate its transportation needs," said Tony Tegnelia, Executive Vice President of U.S. Supply Chain Solutions for Ryder. "We are confident that our solution will add value throughout their distribution channel, assisting Owens Corning in achieving their growth objectives."

                             About Owens Corning

Owens Corning is a world leader in building materials systems and composites systems. Founded in 1938, the company had sales of $5 billion in 2003. Additional information is available on Owens Corning's Web site at http://www.owenscorning.com or by calling the company's toll-free General Information line: 1-800-GETPINK.

                                 About Ryder

Ryder is a Fortune 500 company providing leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock (NYSE: R) 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 .

SOURCE Ryder System, Inc.

CONTACT:
Lisa Brumfield
+1-305-500-3668
or
Lisa_Brumfield@Ryder.com
or
Edward Rifenburg
+1-305-500-4161
or
Edward_Rifenburg@Ryder.com
both of Ryder System, Inc.
Web site: http://www.ryder.com
http://www.owenscorning.com
(R OWENQ)