Ryder System (R) 8-K Other events

Exhibit 99.2

Fleet Management Solutions

	Years ended December 31
	2002			2001			2000
	(Dollars in thousands)
Dry revenue(a)	$	2,600,379			2,694,215			2,782,670
Fuel services revenue		582,643			658,325			773,320
Total revenue	$	3,183,022			3,352,540			3,555,990
Segment NBT	$	214,384			194,398			225,088
Segment NBT as a % of dry revenue(a)		8.2	%		7.2	%		8.1	%

(a) Dry revenue represents revenue excluding fuel services revenue. The Company uses dry revenue, a non-GAAP financial measure, to evaluate the operating performance of the FMS business segment and as a measure of sales activity. Fuel services revenue, which is directly impacted by fluctuations in market fuel prices, is excluded from the dry revenue computation as fuel is largely a pass through to customers for which the Company realizes minimal changes in profitability as a result of fluctuations in fuel services revenue.

Supply Chain Solutions

	Years ended December 31
	2002			2001			2000
	(Dollars in thousands)
Total operating revenue(a)	$	977,771			1,022,350			1,095,148
Freight under management (FUM) expense		410,528			431,531			500,104
Total revenue	$	1,388,299			1,453,881			1,595,252
Segment NBT	$	(6,221	)		(6,760	)		10,035
Segment NBT as a % of operating revenue(a)		(0.6	)%		(0.7	)%		0.9	%

(a) Operating revenue represents revenue excluding FUM expense, which are subcontracted freight costs on logistics contracts for which the Company purchases transportation. The Company uses operating revenue, a non-GAAP financial measure, to evaluate the operating performance of the SCS business segment and as a measure of sales activity. FUM expense is deducted from total revenue to arrive at operating revenue as FUM expense is largely a pass through to customers. The Company realizes minimal changes in profitability as a result of fluctuations in FUM expense.

Dedicated Contract Carriage

	Years ended December 31
	2002			2001			2000
	(Dollars in thousands)
Total operating revenue(a)	$	514,120			530,080			545,101
Freight under management (FUM) expense		3,841			4,882			6,605
Total revenue	$	517,961			534,962			551,706
Segment NBT	$	31,157			34,755			37,282
Segment NBT as a % of operating revenue(a)		6.1	%		6.6	%		6.8	%

(a) Operating revenue represents revenue excluding FUM expense, which are subcontracted freight costs on logistics contracts for which the Company purchases transportation. The Company uses operating revenue, a non-GAAP financial measure, to evaluate the operating performance of the DCC business segment and as a measure of sales activity. FUM expense is deducted from total revenue to arrive at operating revenue as FUM expense is largely a pass through to customers. The Company realizes minimal changes in profitability as a result of fluctuations in FUM expense.