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
                                                                                  
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Fiore Timothy R. 		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)
SVP & CPO
(Last)          (First)          (Middle)

11690 N.W. 105TH STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

2/20/2018
(Street)

MIAMI, FL 33178
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   2/20/2018     A    5326   (1) A $0   5499   D    
common stock   2/21/2018     A    341   (2) A $0   5840   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $74.72   2/21/2018     A      4814         (3) 2/20/2028   common stock   4814.0   $0   4814   D    
Performance-Based Restricted Stock Rights   $0.0   2/21/2018     A      2048   (4) (5)        (6)   (6) common stock   2048.0   $0   2048   D    

Explanation of Responses:
(1)  Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a four-year term beginning on February 20, 2019.
(2)  Represents time-based restricted stock rights granted to the reporting person by the Company, which vest ratably over a term of three years beginning on February 21,2019.
(3)  The stock options vest in three equal installments on February 21, 2019, February 21, 2020 and February 21, 2021.
(4)  The PBRSRs represent a contingent right to receive that number of shares of Ryder common stock equal to a maximum of 200% of the number of PBRSRs granted based on the Company achieving certain threshold, target or maximum performance goals.
(5)  This amount represents the number of shares that will be earned assuming target performance levels.
(6)  The performance cycle for the PBRSRs is three years. The performance cycle ends on December 31, 2020. PBRSRs that do not vest will be cancelled.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Fiore Timothy R.
11690 N.W. 105TH STREET
MIAMI, FL 33178

SVP & CPO

Signatures
/s/ Indira Sordo by power of attorney 2/22/2018
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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