EXHIBIT 15
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| KPMG LLP | | | | |
| One Biscayne Tower | | Telephone | | 305-358-2300 |
| 2 South Biscayne Boulevard | | Fax | | 305-913-2692 |
| Suite 2800 | | | | |
| Miami, Florida 33131 | | | | |
The Board of Directors and Shareholders
Ryder System, Inc.:
We acknowledge our awareness of the incorporation by reference in the following Registration Statements of our report dated October 22, 2003, related to our review of interim financial information:
Form S-3:
| | • | | Registration Statement No. 33-1623 covering $500,000,000 aggregate principal amount of debt securities. |
| | • | | Registration Statement No. 33-13962 covering $500,000,000 aggregate principal amount of debt securities. |
| | • | | Registration Statement No. 33-20359 covering $1,000,000,000 aggregate principal amount of debt securities. |
| | • | | Registration Statement No. 33-58667 covering $800,000,000 aggregate principal amount of debt securities. |
| | • | | Registration Statement No. 333-63049 covering $800,000,000 aggregate principal amount of debt securities. |
| | • | | Registration Statement No. 333-108391 covering $800,000,000 aggregate amount of securities. |
Form S-8:
| | • | | Registration Statement No. 33-20608 covering the Ryder System Employee Stock Purchase Plan. |
| | • | | Registration Statement No. 33-4333 covering the Ryder Employee Savings Plan. |
| | • | | Registration Statement No. 1-4364 covering the Ryder System Profit Incentive Stock Plan. |
| | • | | Registration Statement No. 33-69660 covering the Ryder System, Inc. 1980 Stock Incentive Plan. |
| | • | | Registration Statement No. 33-63990 covering the Ryder System, Inc. Directors Stock Plan. |
| | • | | Registration Statement No. 33-58001 covering the Ryder System, Inc. Employee Savings Plan A. |
| | • | | Registration Statement No. 33-58003 covering the Ryder System, Inc. Employee Savings Plan B. |
| | • | | Registration Statement No. 33-61509 covering the Ryder System, Inc. Stock for Merit Increase Replacement Plan. |
| | • | | Registration Statement No. 33-62013 covering the Ryder System, Inc. 1995 Stock Incentive Plan. |
| | • | | Registration Statement No. 333-19515 covering the Ryder System, Inc. 1997 Deferred Compensation Plan. |
| | • | | Registration Statement No. 333-26653 covering the Ryder System, Inc. Board of Directors Stock Award Plan. |
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| | • | | Registration Statement No. 333-57593 covering the Ryder System, Inc. Stock Purchase Plan for Employees. |
| | • | | Registration Statement No. 333-57595 covering the Ryder System, Inc. 1995 Stock Incentive Plan. |
| | • | | Registration Statement No. 333-69626 covering the Ryder System, Inc. 1995 Stock Incentive Plan. |
| | • | | Registration Statement No. 333-69628 covering the Ryder System, Inc. Board of Directors Stock Award Plan. |
| | • | | Registration Statement No. 333-108364 covering the Ryder System, Inc. Board of Directors Stock Award Plan. |
Pursuant to Rule 436(c) under the Securities Act of 1933, such report is not considered a part of a registration statement prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of the Act.
/s/ KPMG LLP
Miami, Florida
November 7, 2003
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