- Ryder to Manage Nestle Chile S.A. Distribution, Warehousing Operations and Outbound Transportation to More Than 600 Customer Locations Throughout Chile -

MIAMI, March 20 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced it has been awarded a distribution and transportation management contract with Nestle Chile S.A., a subsidiary of Nestle, the world's biggest food and beverage company.

"We selected Ryder to consolidate our distribution network into a more centralized operation with improved technology and visibility," said William Beltran, Supply Chain Manager of Nestle Chile S.A. "Ryder's proven track record in transportation and warehouse management will help us bring new products to market faster and improve customer service."

Under the multi-year contract, Ryder will manage two multi-customer distribution centers with a combined 400,000 square feet and 25,000 pallet positions of finished products located in Maipu and Quilicura, Chile. Through a turn-key solution, Ryder will manage the outbound transportation of approximately 60 to 80 vehicle loads per day from the distribution centers to more than 600 Nestle customer locations throughout Chile including supermarkets, distributors and wholesalers. Utilizing a warehouse management system and hand-held radio frequency equipment, Ryder's solution is designed to optimize Nestle's inventory levels, improve order accuracy and efficiency, while providing consistent levels of customer service. Ryder will also be responsible for the management of regional operations facilities in Antofagasta, Concepcion and Temuco, Chile.

"We have been supporting Nestle's operations in Argentina since 2003. We are proud to have earned their confidence in Argentina, which in turn has given us the opportunity to serve them in Chile. We are honored that Nestle Chile has selected Ryder to manage their distribution and transportation operations," said Ruben Elias, Managing Director of Ryder Argentina.

Commenting further, Managing Director of Latin America for Ryder Eugenio Sevilla-Sacasa said, "Nestle is a high quality company known around the world. Ryder looks forward to expanding its relationship with Nestle throughout Latin America and the rest of the world by further improving their supply chain efficiency and customer service."

About Nestle Chile S.A.
For information about Nestle Chile S.A., visit www.nestle.cl .

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 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, 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 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 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.

SOURCE Ryder System, Inc.

CONTACT: Edward Rifenburg, 1-305-500-4161, or Edward_Rifenburg@Ryder.com, or Lisa Brumfield, 1-305-500-3668, or Lisa_Brumfield@Ryder.com, both of Ryder System