Sec Form 4 Filing - GRIFFIN BOBBY J @ RYDER SYSTEM INC - 2007-04-02

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 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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1. Name and Address of Reporting Person GRIFFIN BOBBY J 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, Int'l Operations (Last) (First) (Middle) 11690 N.W. 105 STREET 3. Date of Earliest Transaction (MM/DD/YY) 04/02/2007 (Street) MIAMI, FL33178 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 04/02/2007 D( 1 ) 4,238 ( 2 ) D $ 0 18,318 D Common Stock 04/02/2007 F( 1 ) 333 ( 3 ) D $ 49.545 17,985 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Performance-Based Restricted Stock Right $ 0 ( 4 ) 04/02/2007 D( 1 ) 2,401 ( 2 ) ( 4 ) ( 4 ) Common Stock 2,401 $ 0 1,699 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GRIFFIN BOBBY J 11690 N.W. 105 STREET MIAMI, FL33178 President, Int'l Operations Signatures /s/ Flora R. Perez,by power of attorney 04/04/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Reporting Person retired from the Company on March 31, 2007. Pursuant to the Company's equity compensation plans, upon retirement, a pro-rata portion of all outstanding time-vested restricted stock rights will vest and the balance is cancelled. A pro-rata portion of all performance-based restricted stock rights will remain outstanding but will not vest unless and until the performance conditions are met. The remaining performance-based restricted stock rights are cancelled. ( 2 )Represents the restricted stock rights cancelled by the Company as a result of the Reporting Person's retirement from the Company. ( 3 )Represents shares of common stock withheld to pay taxes owed by the Reporting Person as a result of the vesting of restricted stock rights upon the Reporting Person's retirement from the Company. ( 4 )Each performance-based restricted stock right represents a contingent right to receive one share of Ryder common stock based on the Company achieving a financial performance goal for the three-year performance period ending December 31, 2008. Performance-based restricted stock rights that do not vest on December 31, 2008 will be cancelled.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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